Management of Climate-Related Risks and Opportunities Based on TCFD
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Risks associated with environmental changes resulting from climate change and the depletion of natural capital are also classified as management risks for the Hokuden Group in view of the magnitude of their potential impact and are managed under the company-wide integrated risk management process described above.」
For climate-related risks and opportunities under TCFD, the company identified the 1.5°C and 4°C scenarios, the timing and severity of potential impacts, and response measures, and incorporated them into its company-wide management risk management process. - FY2024AdvancedAnnual report
「Estimated annual cost increase if CO2 emissions are not reduced from current levels: approximately ¥45 billion (2030)」
Based on TCFD, the company estimated and quantitatively disclosed the financial impacts of climate-related risks and opportunities, including the cost increase if CO2 emissions are not reduced, the cost of responding to natural disasters, and the reduction effect of restarting the Tomari Nuclear Power Plant. - FY2023First statedAnnual report
「The company also established an Environmental Committee chaired by the presidents of the company and 北海道電力ネットワーク㈱. The committee deliberates on environmental initiatives across the Hokuden Group, including the identification of climate-related risks and opportunities under the TCFD (Task Force on Climate-related Financial Disclosures) framework, and reflects the substance of its discussions in group management policies and other measures.」
The company disclosed a governance and risk management framework under which climate-related risks and opportunities are identified and deliberated by the Environmental Committee under the TCFD framework and reflected in management policies.