Risks of Climate Change-Driven Cost Increases and Fluctuations in Agricultural and Fishery Product Supplies
First written in FY2020. 2 of 4 entries say "Worsened", first in FY2022. Latest entry: FY2025.
Aeon moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
The whole theme swung hardest in 2021: 4 of 17 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Revenue decline due to temporary closures caused by natural disasters 79 396 1,584」
Climate change risks were quantified through scenario analysis, with revenue declines from temporary closures caused by natural disasters in 2030 estimated at ¥7.9 billion, ¥39.6 billion and ¥158.4 billion under the 1.5°C, below 2°C and 4°C scenarios, respectively. - FY2022WorsenedAnnual report
「In addition, if climate change causes significant changes in the quality or yields of agricultural and fishery products, or if the Group's other initiatives or disclosures are deemed inadequate and its social credibility declines, the Group's business, financial condition and operating results may be affected.」
The scope of climate change risk was expanded beyond energy expenses and fluctuations in the quality and yields of agricultural and fishery products to include declining evaluations of the Group's initiatives and disclosures and declining social credibility. - FY2021RestatedAnnual report
「Based on the AEON Decarbonization Vision 2050, which aims to achieve a decarbonized society, the Group is promoting energy conservation and the transition to renewable energy. However, if tighter environmental regulations or growing social demands result in energy expenses or mitigation costs exceeding expectations, or if climate change causes significant changes in the quality or yields of agricultural and fishery products, the Group's business, financial condition and operating results may be affected.」
Alongside its decarbonization initiatives, the Group continues to disclose climate change risks, including increases in energy expenses and mitigation costs and fluctuations in the quality and yields of agricultural and fishery products. - FY2020First statedAnnual report
「If tighter environmental regulations or growing social demands result in energy expenses or mitigation costs exceeding expectations, or if climate change causes significant changes in the quality or yields of agricultural and fishery products, the Group's business, financial condition and operating results may be affected.」
Separately from its decarbonization initiatives, the Group newly identified increases in energy expenses and mitigation costs caused by climate change, along with fluctuations in the quality and yields of agricultural and fishery products, as business risks.