Risk of equipment damage and lower ATM usage due to climate change
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「Under both the 4°C and below-2°C scenarios as of 2030, physical damage from flooding and storm surges is expected to increase as extreme weather events intensify. Estimated impact: 805–1,408 (unit: ¥ million per year).」
For climate change risks, the company estimated the average annual financial impact of flooding and storm-surge damage, recovery costs, and losses from operating shutdowns, based on hazard maps for each ATM location, at ¥805–1,408 million. It also disclosed measures including migration to the cloud, UPS installation, and mobile ATM vehicles. - FY2023Disclosed estimated financial impacts of climate risksAnnual report
「Under the below-2°C scenario as of 2030, the company assumes that taxation based on greenhouse gas emissions (Scope 1 and 2) generated by its business activities would have a financial impact. Estimated impact: 15.4 (unit: ¥ million per year). Under both the 4°C and below-2°C scenarios as of 2030, physical damage from flooding and storm surges is expected to increase as extreme weather events intensify. Estimated impact: 805–1,408 (unit: ¥ million per year).」
The financial impacts of a carbon tax and flooding and storm-surge damage under climate change risk scenarios for 2030 were estimated at ¥15.4 million and ¥805–1,408 million, respectively. - FY2022First statedAnnual report
「If climate change increases the frequency of natural disasters such as heavy rain, typhoons and floods, damage to ATMs and other Company equipment may disrupt operations. If the effects persist, economic activity may be restricted and ATM usage may decline, potentially affecting the Company’s earnings.」
Added a new risk disclosure stating that the increased frequency of natural disasters caused by climate change could damage equipment such as ATMs, disrupt operations, and reduce ATM usage.