Transition and Physical Risks Associated with Climate Change
First written in FY2022. 5 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 6 of 35 companies on the "Worse" side.
13 other companies' latest entry also says "Other".
- FY2025Update to climate risk analysis resultsAnnual report
「Analysis period Through 2050 Analysis results Cumulative increase in credit-related expenses: approximately ¥500 million Analysis period Through 2050 Analysis results Maximum increase in credit-related expenses: approximately ¥1 billion」
The company estimated an increase in credit-related expenses of approximately ¥500 million cumulatively for transition risks in the energy sector and approximately ¥1 billion at most for physical risks in areas affected by flooding. - FY2025-H1RestatedAnnual report
「During the six months ended 30 September, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the interim securities report, or in the business and other risks of the Bank Group (the Bank and its consolidated subsidiaries) described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The company states that there have been no significant changes or new risks relating to transition and physical risks associated with climate change. - FY2024Analysis and quantification of climate risk impactsAnnual report
「Analysis period Through 2050 Analysis results Maximum increase in credit-related expenses: approximately ¥900 million」
For the physical risks of climate change, the company analyzed the impact on the value of collateral real estate and business interruptions in areas including the Kitakami River basin, and estimated that the increase in credit-related expenses through 2050 would be approximately ¥900 million at most. - FY2024-Q3RestatedAnnual report
「During the nine months ended 31 December, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the quarterly securities report, or in the business and other risks of the Bank Group described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The company states that there have been no significant changes or new risks relating to transition and physical risks associated with climate change. - FY2024-Q2RestatedAnnual report
「During the six months ended 30 September, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the quarterly securities report, or in the business and other risks of the Bank Group described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The company states that there have been no significant changes or new risks relating to transition and physical risks associated with climate change. - FY2024-Q1RestatedAnnual report
「During the first three months of the current fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the quarterly securities report, or in the business and other risks of the Bank Group (the Bank and its consolidated subsidiaries) described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The company states that there have been no significant changes or new risks relating to transition and physical risks associated with climate change. - FY2023-Q1RestatedAnnual report
「During the first three months of the current fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the quarterly securities report, or in the business and other risks of the Bank Group (the Bank and its consolidated subsidiaries) described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The company states that there have been no significant changes or new risks relating to transition and physical risks associated with climate change. - FY2022First statedAnnual report
「Transition risks and physical risks arising from climate change may adversely affect the operations, strategy, results of operations and financial condition of our group.」
Climate change was explicitly identified for the first time as a standalone business risk. The company described its endorsement of the TCFD Recommendations, enhancement of its systems and information disclosure, and consideration of establishing a management framework within its integrated risk management system as measures to address the risk.