Management of Climate Change Risks and Opportunities Through TCFD Scenario Analysis
First written in FY2024. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「For the impact assessment, amounts below ¥100 million were classified as minor, ¥100 million to less than ¥1 billion as low, ¥1 billion to less than ¥10 billion as medium, ¥10 billion to less than ¥20 billion as high, and ¥20 billion or more as severe.」
For its TCFD scenario analysis, the company continues to analyze risks and opportunities using 1.5°C/below 2°C and 4°C scenarios, and has disclosed a framework for assessing financial impacts by monetary category. - FY2024First statedAnnual report
「The Group regards the various risks and opportunities associated with climate change as one of the important considerations in formulating its business strategy. In conducting its scenario analysis, the Group referred to the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC), and identified and analyzed items with a significant impact on the Group from multiple scenarios, including 1.5°C and below 2°C scenarios.」
Using 1.5°C/below 2°C and 4°C scenarios, the company analyzes transition risks, physical risks and opportunities. The time horizons are short term, within 1 year; medium term, through fiscal 2030; and long term, through fiscal 2050. The assessment covers carbon taxes, oil demand, next-generation fuels, renewable energy, extreme weather and energy storage batteries, among other factors.