Risks associated with addressing climate change and supply chain due diligence
First written in FY2023. 1 of 3 entries say "Advanced", first in FY2026. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company identified the risks and opportunities that climate change presents to the Group's business activities and conducted scenario analysis, starting with the businesses and segments among its 7-business portfolio that are relatively more susceptible to financial impacts from climate change. Businesses covered: Plant and Energy Business, Automotive Business」
The scope of the climate scenario analysis was expanded from the Plant and Energy Business to the Automotive Business, and a 28.6% coverage rate for business divisions was disclosed. - FY2024Detailing climate scenario analysis and financial impactsAnnual report
「In fiscal 2023, the Company identified the risks and opportunities that climate change presents to its business activities and conducted scenario analysis covering its Plant and Energy segment, which is relatively more susceptible to financial impacts from climate change because its business portfolio of 7 operations has a significant presence in the resources, oil refining and chemicals fields.」
For its TCFD response, the Company conducted 1.5°C and 4°C scenario analyses covering the Plant and Energy business, and assessed the financial impacts of risks including carbon pricing, the decline of fossil fuel businesses and extreme weather as small or medium. - FY2023First statedAnnual report
「The Group recognizes that the various risks identified in the TCFD recommendations may have a significant impact not only on the Group but also on its supply chain. In addition to direct financial impacts, such as increased tax burdens, technical issues with the goods and products it handles, declining market demand and the resulting deterioration in corporate valuation could adversely affect the Group's operating performance and financial position.」
The Company separately identified changes in standards and markets relating to climate change, human rights and diversity, as well as delays by global companies in addressing supply chain due diligence, as new sustainability risks that could affect operating performance.