Risk of carbon taxes and tighter environmental regulations due to climate change
First written in FY2023. 2 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 4 of 17 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We conduct scenario analysis of the impact of climate-related risks and revenue opportunities on our business activities, earnings and other areas. We will continue to consider information disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).」
The disclosure was expanded from the previous description of carbon tax and environmental regulatory risks to cover scenario analysis, risks related to natural disasters, carbon taxes and the transition to electric vehicles, opportunities involving environmentally responsible and low-carbon products, and measures to address them. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there were no new business or other risks and no material changes to existing business or other risks. - FY2025More Specific Disclosure of Climate-Related Risks, Opportunities and Financial ImpactsAnnual report
「Our group recognises addressing climate change as an important management issue and is promoting initiatives to capture growth opportunities arising from climate change and appropriately address related risks, in order to proactively support the transition to a decarbonised society.」
The disclosure was expanded from the previous description of carbon tax and environmental regulatory risks to organise risks and opportunities related to natural disasters, renewable energy prices, environmental regulations, environmentally responsible products and the transition to electric vehicles, and to indicate consideration of disclosure aligned with the TCFD recommendations. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there were no new business or other risks and no material changes to the risks described in the previous fiscal year. - FY2023First statedAnnual report
「In the business environment surrounding our group, efforts to reduce greenhouse gas emissions, which are considered a cause of global climate change, are progressing. If the impact of climate change leads to the introduction of a carbon tax or tighter environmental laws and regulations, additional costs may be incurred, potentially affecting our group’s operating results and financial position.」
The introduction of a carbon tax and tighter environmental laws and regulations associated with climate change were disclosed separately for the first time as risks that could affect operating results and the financial position through increased costs.