Risk of Physical Damage, Transition Costs and Regulatory Compliance Arising From Climate Change
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
55 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The group's results may be affected if physical damage caused by natural disasters and extreme weather associated with climate change, tighter climate-related regulations, or transition-related costs for a decarbonized or low-carbon society affect the group's or its business partners' operating conditions.」
The risk that physical damage from climate change, tighter regulations, and transition costs for decarbonization may affect earnings continues to be disclosed. - FY2021First statedAnnual report
「The group's results may be affected if physical damage caused by natural disasters and extreme weather associated with climate change, tighter climate-related regulations, or transition-related costs for a decarbonized or low-carbon society affect the group's or its business partners' operating conditions. The group also considers climate change-related business risks important, supports the recommendations of the TCFD, works to resolve environmental issues, and will provide appropriate disclosure of environmental information through ESG reports and other means. However, the impact of climate change, which is becoming more severe each year, is substantial, and the group's results may be affected if events or unforeseen circumstances arise in the future that make adaptation to environmental regulations extremely difficult.」
The filing describes for the first time as a major risk the risk that physical damage from natural disasters and extreme weather associated with climate change, tighter regulations, and transition costs for decarbonization may affect earnings.