Addressing Climate Change Risks and Opportunities Based on the TCFD Recommendations

「For an uncertain future accompanying the transition to a decarbonized society, the group conducted scenario analysis for its three principal businesses—student housing, hotels and senior life—under scenarios in which the rise in global temperature compared with the pre-industrial period remains below 1.5°C and reaches 4°C.」

「For the 1.5°C and 4°C scenarios, the group identifies the transition and physical risks expected in each business and assesses their financial impact over each time horizon as “large,” “medium” or “small.” Financial impact is defined as “large: ¥1.5 billion or more, medium: ¥500 million or more but less than ¥1.5 billion, small: less than ¥500 million.”」

「For the fiscal year ending March 2025, the company expects the committee to meet approximately once per quarter. After formulating, reviewing and discussing policies, specific measures and disclosures related to climate change, the committee will oversee their management and report the results to the Board of Directors.」

「The group’s management policy is to “contribute broadly to the development of society through food and housing services,” and it considers addressing climate change essential both to the development of its own business and to a sustainable society. Accordingly, in fiscal 2022 it expressed its support for the TCFD recommendations, which encourage the assessment and disclosure of the financial impact of climate-related risks and opportunities on management, and will take an active role in addressing climate change while working to enhance disclosure.」