Scenario Analysis of Climate Change Risks and Opportunities Based on the TCFD Recommendations
First written in FY2024. 1 of 2 entries say "Advanced", first in FY2025. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「For each of these categories, we qualitatively assess and analyze the magnitude of the financial impact on the Group’s procurement and sales over short-term (0–1 year), medium-term (1–3 years) and long-term (3–10 years) time horizons, thereby understanding the impact of risks and opportunities on the organization.」
The Company has specified the time horizons and methodology for evaluating financial impacts in its TCFD-based analysis of the below-1.5°C and 4°C scenarios. - FY2024First statedAnnual report
「The Group identifies the impacts of climate-related risks and opportunities on its business, strategy and financial plans under a below-1.5°C scenario (the IEA’s NZE2050) and a 4°C scenario (the IPCC’s RCP8.5), referring to reports by the Intergovernmental Panel on Climate Change (IPCC), the International Energy Agency (IEA)’s World Energy Outlook and other relevant information.」
In line with the TCFD recommendations, the Company has disclosed for the first time a framework for analyzing climate-related risks and opportunities using below-1.5°C and 4°C scenarios and short-, medium- and long-term time horizons.