Transition Risks and Physical Risks Associated with Climate Change
First written in FY2022. 1 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026Coexistence of Scope 2 reductions and Scope 1 and Scope 3 increasesAnnual report
「Meanwhile, Scope 1 emissions have continued to trend upward as activity levels have increased. In FY2025, the Group reviewed its calculation methods and worked to reduce GHG emissions from Shinkansen travel through GreenEX, but emissions increased due to higher activity levels and rising prices.」
Scope 2 emissions declined following the switch to renewable energy, while Scope 1 emissions were 573t-CO2e and Scope 3 emissions were 898,020t-CO2e, showing an upward trend or an increase against the backdrop of higher activity levels and other factors. - FY2025Progress disclosure accompanied by an increase in emissionsAnnual report
「Although the Group achieved a 25.8% reduction in FY2024 from FY2013 levels, emissions have been trending upward since FY2023 as activity at each site has increased.」
GHG emissions were 25.8% below FY2013 levels, but increased from 939t-CO2 in FY2023 to 960t-CO2 in FY2024. Scope 3 emissions were 870,155t-CO2, and the Group is considering reduction targets. - FY2024AdvancedAnnual report
「Through various initiatives toward decarbonization, including the use of renewable energy, the Group aims to reduce emissions by 50% in FY2030 from FY2013 levels and achieve carbon neutrality by 2050.」
In addition to assessing climate-change risks under the 2°C and 4°C scenarios, the Group disclosed targets of reducing GHG emissions by 50% in FY2030 from FY2013 levels and achieving carbon neutrality by 2050. Scope 1 and 2 emissions in FY2023 were 27.4% below FY2013 levels. - FY2022First statedAnnual report
「Under a scenario that limits the increase in temperatures from pre-industrial levels to less than +2°C, primarily involving transition risks, higher costs resulting from tighter regulations aimed at decarbonizing society, such as carbon taxes, could affect performance. Under a scenario involving a +4°C increase from pre-industrial levels, primarily involving physical risks, the Group could be affected by increasingly severe natural disasters, resulting in specific disruptions such as those described above.」
The Group distinguishes transition risks under the below-2°C scenario from physical risks under the 4°C scenario and has begun scenario analysis, materiality assessments reflecting financial impacts, and reporting to the Board of Directors.