Transition and Physical Risks from Climate Change
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「The estimates showed that business impacts attributable to the risks and opportunities associated with the transition to a decarbonised society were identified among the expected effects of climate change. They also showed that the impact of physical risks under the 4°C scenario would be approximately 1.9 times that under the 1.5–2°C scenario.」
We expanded the scope of the climate change scenario analysis from the railway, real estate and distribution businesses to include tramways, buses and marine transportation, and estimated the business impact in 2030. The impact of physical risks under the 4°C scenario was estimated at approximately 1.9 times that under the 1.5–2°C scenario. - FY2023Detailing climate change scenario analysisAnnual report
「The analysis was conducted under the 1.5–2°C and 4°C scenarios.」
For the railway, real estate and distribution businesses, we analysed transition risks, physical risks and opportunities under each scenario, assessed their materiality and estimated their business impact in 2030. - FY2022First statedAnnual report
「Our group may incur higher costs associated with the transition to a decarbonised society to mitigate climate change, and if increasingly severe disasters caused by climate change occur, they may adversely affect our business performance and financial condition.」
For the first time, we described higher transition costs for a decarbonised society and the increasing severity of disasters associated with climate change as separate risks.