Risk of Higher Costs Associated with Climate Change and Decarbonization
First written in FY2021. 2 of 6 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2021: 4 of 17 companies on the "Worse" side.
1 other company's latest entry also says "Raised".
- FY2026RaisedAnnual report
「Scope 1 and Scope 2 reduction rate, base year: fiscal 2023, target year: fiscal 2030, at least 42.0%; Scope 3 reduction rate, base year: fiscal 2023, target year: fiscal 2030, at least 25.0%.」
The greenhouse gas reduction targets have been raised from at least 36% for Scope 1 and 2 and at least 21% for Scope 3 by fiscal 2029 to at least 42% for Scope 1 and 2 and at least 25% for Scope 3 by fiscal 2030. - 2026-05-19AdvancedEarnings presentation
「Greenhouse-gas emissions reduction targets receive SBT certification」
The disclosure reports new progress on greenhouse-gas emissions reduction targets through the acquisition of SBT certification. - FY2025ReframedAnnual report
「Greenhouse gas emissions reduction targets: Scope 1 and Scope 2 reduction rate, base year: fiscal 2023, target year: fiscal 2029, at least 36%; Scope 3 reduction rate, base year: fiscal 2023, target year: fiscal 2029, at least 21%.」
The previous reduction targets, based on fiscal 2021 and set for fiscal 2030, have been reorganized as fiscal 2029 targets with fiscal 2023 as the base year, in line with the new medium- to long-term management plan. The risk section also states separate reduction targets for 2030. - FY2024MitigatedAnnual report
「We have established a target of reducing greenhouse gas emissions from all of our in-house business activities by 100% by fiscal 2030, compared with fiscal 2021. …Scope 1 and 2 emissions in fiscal 2023 were 348.3t-CO2, or 37.9% of the fiscal 2021 level.」
It specified a target of reducing Scope 1 and 2 emissions, among others, by 100% by fiscal 2030, and emissions in fiscal 2023 had declined to 37.9% of the fiscal 2021 level. - FY2023MitigatedAnnual report
「We have strengthened our efforts to curb greenhouse gas emissions from low-carbon to decarbonization. Under the RYODEN Group Environmental Vision established in 2020, we are currently addressing issues including achieving net-zero greenhouse gas emissions from in-house electricity consumption by 2030.」
In response to climate change risks, it strengthened its initiatives from low-carbon measures to decarbonization and specified the deadline and target of achieving net-zero greenhouse gas emissions from in-house electricity consumption by 2030. - FY2021First statedAnnual report
「If costs related to environmental conservation increase in the future because of stronger environmental laws and regulations, measures to address climate change risks, or additional obligations to reduce environmental impact, this could affect the Group's business performance and financial position.」
It identified climate change as a material issue and, for the first time, explicitly stated that higher costs associated with stricter environmental regulations and obligations to reduce environmental impact were business risks. It also referred to creating business opportunities based on the Group Environmental Vision.