Risk of complying with new environmental regulations and additional obligations
First written in FY2019. 4 of 6 entries say "Mitigated", first in FY2022. Latest entry: FY2026.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The company aims to reduce CO2 emissions by 60% from fiscal 2022 levels by 2040, make 50% of the gas and power supplied to domestic customers carbon-neutral, and achieve carbon neutrality in 2050.」
The company links its response to tighter environmental regulations and declining fossil fuel competitiveness to its targets of reducing emissions and making energy carbon-neutral by 2040, and achieving carbon neutrality in 2050. - FY2024MitigatedAnnual report
「To comply with environmental laws and regulations, the company is strengthening measures such as compliance with environmental laws, energy conservation and waste reduction. In response to climate change, as set out in the Carbon Neutral Roadmap 2050, it is preparing to decarbonize gas and power by promoting the use of distributed resources such as renewable energy alongside the advanced use of natural gas pursued to date, and by developing city gas offerings with an adjusted emissions factor of zero under the Greenhouse Gas Emissions Calculation, Reporting and Disclosure System (SHK System). From the 2030s, it will implement and expand decarbonization technologies.」
The company has specified its response to tighter environmental regulations and declining fossil fuel competitiveness in terms of distributed resources, city gas offerings with a zero emissions factor, and the implementation of decarbonization technologies. - FY2023MitigatedAnnual report
「In response to climate change, and to pursue the CO2 Net Zero goal set out in Compass2030, the company is working to expand the effective use of natural gas, promote the introduction of renewable energy and carbon-neutral LNG, and develop technologies to decarbonize gas and power, including innovative methanation technology, low-cost hydrogen production technology and floating offshore wind power technology.」
The company has specified measures to address tighter environmental regulations and declining fossil fuel competitiveness, extending from the effective use of natural gas and renewable energy to carbon-neutral LNG, methanation, hydrogen and offshore wind power. - FY2022MitigatedAnnual report
「In response to climate change, and to pursue the CO2 Net Zero goal set out in Compass2030, the company is working to expand the effective use of natural gas, promote the introduction of renewable energy and carbon-neutral LNG, and develop technologies to decarbonize gas and power, including innovative methanation technology, low-cost hydrogen production technology and floating offshore wind power technology.」
As measures to address the risks of tighter environmental regulations and declining fossil fuel competitiveness, the company specifies renewable energy, carbon-neutral LNG, methanation, hydrogen and offshore wind power. - FY2020WorsenedAnnual report
「If environmental regulations and other requirements are tightened in Japan and other countries, earnings could be affected by a decline in the competitiveness of fossil fuels.」
The company specifies the environmental regulatory risk in terms of a decline in fossil fuel competitiveness and its impact on earnings. - FY2019First statedAnnual report
「If the company is required to comply with new environmental laws and regulations or incurs additional obligations to improve the environment, this could affect business operations and earnings.」
The company explicitly identifies the impact on business operations and earnings of new environmental laws and regulations and additional environmental improvement obligations as a new risk.