Support for the TCFD Recommendations and Climate-Related Disclosures
First written in FY2022-Q2. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Our group conducted an analysis using the Phase 5 scenarios published by the Network for Greening the Financial System (NGFS): the Orderly 2050 Net Zero scenario (Net Zero 2050), the Disorderly 2050 Net Zero scenario, which assumes a disorderly transition (Delayed Transition), and the Current Policies scenario, under which global warming progresses (Current Policies).」
As part of our response to the TCFD Recommendations, we conducted quantitative and qualitative analyses of climate-related risks using the three scenarios in NGFS Phase 5, with 2030 and 2050 as the time horizons. While assessing the financial impact as limited, we identified potential impacts on stores exposed to high risks of torrential rain and flooding. - FY2024AdvancedAnnual report
「Based on the scenarios published by the Network for Greening the Financial System (NGFS), we conducted quantitative and qualitative analyses and assessed the impact on our group's finances, including expenses and revenue, using the Orderly 2050 Net Zero scenario, under which transition and physical risks are minimized, the Disorderly 2050 Net Zero scenario (Disorderly - Divergent Net Zero), under which transition risk is maximized, and the Current Policies scenario (Hot house world - Current Policies), under which physical risk is maximized.」
As part of our response to the TCFD Recommendations, we conducted quantitative and qualitative analyses and assessed the impact using three NGFS scenarios with 2050 as the analysis horizon, and assessed the financial impact as limited. - FY2022-Q2First statedAnnual report
「As a participant in the financial and capital markets, we recognize the importance of achieving the SDGs and announced our support for the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures) in October. In light of the increasing severity of damage caused by abnormal weather and natural disasters around the world in recent years, we will work to more accurately assess the impact of climate change on our company and strengthen our disclosures based on the TCFD Recommendations.」
In October, we announced our support for the TCFD Recommendations to better understand the impact of climate change on our business and strengthen our disclosures.