Business and financing risks from climate change
First written in FY2020. 1 of 2 entries say "Worsened", first in FY2022. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022WorsenedAnnual report
「However, making zero-emission fuels such as ammonia and hydrogen commercially viable is essential to achieving this long-term target, and major technological innovation from current levels will be required. Since large ocean-going vessels have useful lives of approximately 15 to 20 years, even if innovative technologies become available, their adoption across the world's vessels is expected to require considerable time and cost.」
The company has specified as risks the commercialisation of ammonia and hydrogen fuels, the 15-to-20-year useful lives of large vessels, and the time and cost required for their widespread adoption in pursuit of net-zero emissions by 2050. - FY2020First statedAnnual report
「If the group fails to respond appropriately to climate change risks in the future, customers may leave, relations with local communities may deteriorate, and financing for vessels may become unavailable, potentially affecting the group's operating performance and financial condition.」
The company independently describes the risks that inadequate climate-change responses could affect customers, local communities, vessel financing, operating performance and financial condition.