Scenario Analysis of Transition and Physical Risks Associated with Climate Change
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Under the below-2°C scenario, the transition risk associated with the shift to a decarbonized society would arise, while under the 4°C scenario, physical risks from increasingly severe and frequent extreme weather events would arise, resulting in a greater negative impact on business activities.」
Based on below-2°C and 4°C scenarios, specifically disclosed the impact on raw-material procurement, production and logistics, and sales opportunities, as well as response measures. - FY2025AdvancedAnnual report
「Under the below-2°C scenario, the transition risk associated with the shift to a decarbonized society would arise, while under the 4°C scenario, physical risks from increasingly severe and frequent extreme weather events would arise, resulting in a greater negative impact on business activities.」
Used below-2°C and 4°C scenarios to specify transition and physical risks, and disclosed their impact on raw-material procurement, production and logistics, and sales opportunities, as well as response measures. - FY2023First statedAnnual report
「The scenario analysis found that both transition risks, including stronger policies and regulations, and physical risks from increasingly severe and frequent extreme weather events, would have a significant impact on the business and financial performance. It also identified opportunities to expand the business.」
For the first time, disclosed transition risks and physical risks related to climate change as separate risks and opportunities, based on scenario analysis indicating that they could have a significant impact on the business and financial performance.