Higher Costs and Business Constraints Resulting from Tighter Government and Environmental Regulations in Various Countries
First written in FY2017. 3 of 9 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Accordingly, the Group established a management framework centered on maintaining lists of sanctioned countries and regions through specialized departments, conducting screening when transactions commence and throughout their continuation, developing response procedures for each business division and Group company, and verifying their effectiveness through internal audits, and is working to strengthen preventive measures.」
The response to public regulatory and sanctions risks was specified as a preventive management framework comprising target-list management, ongoing screening, response procedures, and verification through internal audits. - FY2020WorsenedAnnual report
「Recognizing the importance of climate change risks, the Group established the Mitsui O.S.K. Lines Group Environmental Vision 2.0, which more clearly sets out its commitment to achieving the IMO targets.」
The description of public and environmental regulatory risks was expanded to cover climate change risk, GHG regulations, alternative fuels, energy-saving technologies, and net-zero business models. - FY2020-Q3MitigatedAnnual report
「Regarding the SOx regulations that took effect in January 2020, the company secured compliant fuel in advance and made preparations for switching fuels, enabling the switch to be completed without major problems while maintaining safe operations.」
For SOx regulatory compliance, the Company switched fuels without major problems by securing compliant fuel and making preparations in advance. - FY2020-Q1MaterialisedAnnual report
「Cargo movements of completed vehicles declined year on year, mainly on routes from Europe to Asia, due to tighter emissions regulations in China and other factors.」
Tighter environmental regulations actually materialized as a business constraint through the decline in cargo movements of completed vehicles. - FY2019WorsenedAnnual report
「Following the introduction of SOx emissions regulations in January 2020, it became necessary to take measures such as using low-sulfur fuel oil with a sulfur content of 0.5% or less, installing SOx scrubbers on vessels to remove sulfur from exhaust gases, and using alternative fuels such as LNG, LPG and methanol. Fuel oil and vessel costs are expected to rise.」
The public regulatory risk was described specifically, including the introduction of SOx regulations in January 2020, and measures involving low-sulfur fuel, scrubbers and alternative fuels, as well as rising costs. - FY2018-Q3RestatedAnnual report
「Costs are incurred to comply with these rules, and additional costs could arise if these regulations are amended or new regulations are introduced. In addition, although the Group gathers information on how these regulations are administered and has established a compliance framework, it could become subject to investigations by the relevant authorities and, depending on the results, could face sanctions or penalties.」
As in the previous quarter, the Company described compliance costs, additional costs resulting from regulatory changes or new regulations, and the possibility of investigations, sanctions and penalties by the authorities. - FY2018-Q2RestatedAnnual report
「Costs are incurred to comply with these rules, and additional costs could arise if these regulations are amended or new regulations are introduced. In addition, although the Group gathers information on how these regulations are administered and has established a compliance framework, it could become subject to investigations by the relevant authorities and, depending on the results, could face sanctions or penalties.」
As in the previous quarter, the Company described the costs of complying with public regulations, additional costs resulting from regulatory changes, and the possibility of investigations and sanctions by the authorities. - FY2018-Q1WorsenedAnnual report
「Costs are incurred to comply with these rules, and additional costs could arise if these regulations are amended or new regulations are introduced. In addition, although the Group gathers information on how these regulations are administered and has established a compliance framework, it could become subject to investigations by the relevant authorities and, depending on the results, could face sanctions or penalties.」
The scope of the public regulatory risk was expanded to explicitly include additional costs resulting from regulatory changes or new regulations, as well as the possibility of investigations, sanctions and penalties by the authorities. - FY2017First statedAnnual report
「Compliance with these regulations could increase costs, restrict the Group's activities, and adversely affect its business and performance.」
The Company described compliance costs and business constraints as risks associated with various regulations, including safety and environmental regulations for ocean shipping, and antitrust, tax and foreign exchange regulations.