Physical and transition risks arising from climate change
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2026.
23 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Our Group's energy consumption declined. Accordingly, Scope 1 and 2 emissions covered by the Climate Change Long-Term Vision 2030 Action Plan decreased by 83,272t-CO2e, or approximately 8%, from the fiscal year ending March 2025.」
For the climate change response, current-year emissions were updated against the target of reducing Scope 1 and 2 emissions by 50% by 2030, with covered emissions down approximately 8% year on year. - FY2024RestatedAnnual report
「Our Group announced its Climate Change Long-Term Vision in March 2021. In addition to achieving net-zero greenhouse gas emissions across the Group by 2050, we will contribute to the decarbonization and low-carbon transition of society through our business activities.」
The Group continued to disclose its 2050 net-zero target, TCFD scenario analysis with 2030 as the time horizon, and reduction targets for Scope 1 and 2 emissions and Scope 3 Category 15 emissions. - FY2023AdvancedAnnual report
「Our Group is working to pursue strategic initiatives addressing climate-related opportunities and risks. … With 2030 as the basic time horizon, we conducted scenario analysis in line with the TCFD recommendations, taking into account the business environment under the current and transition scenarios, the responses to related business risks and opportunities, and the impact on business performance through 2030.」
For climate change risks, scenario analysis based on the current and transition scenarios, with 2030 as the time horizon, was conducted in line with the TCFD recommendations. - FY2022AdvancedAnnual report
「The Company endorses the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and analyzes climate-related risks and their impact on business performance in accordance with those recommendations.」
The Company advanced impact analysis of climate change risks based on the TCFD framework and formulated an action plan through 2030. - FY2021RestatedAnnual report
「Transition risks, including the introduction and tightening of carbon taxes and other greenhouse gas emissions regulations aimed at achieving a decarbonized society, as well as rapid advances in renewable energy technology, may adversely affect the business performance and financial position of the Company and its consolidated subsidiaries, particularly in businesses related to fossil fuels, such as power generation and resource interests and sales.」
Physical and transition risks related to climate change continued to be disclosed, with the impacts on fossil fuel-related businesses such as power generation and resource interests clearly stated. - FY2020First statedAnnual report
「If physical risks arising from climate change, such as intensifying natural disasters, worsening extreme weather, changes in rainfall and weather patterns, rising average temperatures and rising sea levels, materialize, they may adversely affect the business performance and financial position of the Company and its consolidated subsidiaries.」
Crop failures and logistics disruptions caused by changes in climate patterns, and transition risks arising from carbon taxes, greenhouse gas regulations and advances in renewable energy technology, were disclosed as separate risks.