Growing Economic Impacts of Climate Change and Extreme Weather
First written in FY2022-Q3. 1 of 2 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2025.
Sg Holdings moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2024: 5 of 15 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「In recent years, serious wind and flood damage and wildfires have occurred frequently throughout Japan due to the effects of climate change and other factors, creating a need to strengthen disaster preparedness. Global warming is progressing rapidly, and according to the World Meteorological Organization, global average temperatures are expected to rise further over the 5-year period from 2024 to 2028」
The Company described the increasing frequency of wind and flood damage and wildfires due to climate change, as well as the projected rise in global average temperatures from 2024 through 2028, indicating that the risk of extreme weather is becoming more severe. - FY2022-Q3MaterialisedAnnual report
「In addition, the economic impact of worldwide extreme weather caused by climate change has been becoming increasingly severe each year.」
The Company has, for the first time, described its view of the external environment that the economic impact of worldwide extreme weather attributable to climate change is becoming increasingly severe each year.