Climate Change and Risks Associated with the Transition to a Decarbonized Society
First written in FY2021. 2 of 4 entries say "Raised", first in FY2022. Latest entry: FY2026.
23 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Under the 1.5°C scenario, it was confirmed that stronger environmental regulations resulting from policies and other factors, together with taxation of CO2 emissions following the introduction of a carbon tax, would have an impact of ¥1.9 billion on operating profit.」
The Group conducted 1.5°C and 4°C scenario analyses for fiscal 2035 in relation to climate change risks and estimated the financial impacts of a carbon tax on railways, construction materials and CO2 taxation in real estate, and natural disasters. - FY2025RaisedAnnual report
「In March 2025, toward achieving the Paris Agreement's 1.5°C scenario, the Group set a fiscal 2035 interim target of a 60% reduction from fiscal 2019 levels for the Company and its consolidated subsidiaries, based on the scientifically required reduction levels newly recommended by the IPCC (Intergovernmental Panel on Climate Change).」
A new interim greenhouse gas reduction target of a 60% reduction from fiscal 2019 levels by fiscal 2035 was established. In addition to the previous fiscal 2030 target of a 46% reduction from fiscal 2013 levels and the fiscal 2050 net-zero target, the Group specified a longer-term reduction level. - FY2022RaisedAnnual report
「The Group is working to strengthen business resilience to climate change by setting Group-wide CO2 emissions reduction targets, including a 2030 target of a 46% reduction from fiscal 2013 levels and a 2050 target of net zero, while also establishing individual KPIs for each business.」
The CO2 reduction target was raised from a 26% reduction from fiscal 2013 levels by fiscal 2030 to a 46% reduction, and a fiscal 2050 net-zero target was newly established. The Group also described TCFD-aligned risk and opportunity analysis and KPI management. - FY2021First statedAnnual report
「As efforts to curb greenhouse gas emissions advance worldwide in response to climate change, the Group may incur investments and expenses for measures aimed at achieving a decarbonised and circular society. If it fails to adapt to this transition, revenue may decline due to damage to its reputation, and it may become difficult to raise funds smoothly.」
The Group identified decarbonisation transition costs associated with climate change and the effects of delayed action on its reputation, earnings and financing as new risks. It also described KPI setting for CO2 emissions reduction rates and its response to the TCFD.