Transition Risks and Physical Risks Associated with Climate Change
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「As a result, under the 2°C scenario, the impact of tighter regulations, such as carbon taxes, is significant, but some opportunities to reduce costs may also arise, and the company expects the risks to be mitigated by reducing CO2 emissions going forward. On the other hand, under the 4°C scenario, it found that the risk of physical damage is likely to increase significantly as extreme weather events become more severe.」
The company has reaffirmed its assessment, based on scenario analysis, of the transition risks under the 2°C scenario and the physical risks under the 4°C scenario. - FY2024First statedAnnual report
「Under the 2°C scenario, the impact of tighter regulations, such as carbon taxes, is significant, but some opportunities to reduce costs may also arise, and the company expects the risks to be mitigated by reducing CO2 emissions going forward. On the other hand, under the 4°C scenario, it found that the risk of physical damage is likely to increase significantly as extreme weather events become more severe.」
Based on the 2°C and 4°C scenario analyses, the company has provided a systematic description for the first time of transition risks, such as carbon taxes, and physical risks arising from extreme weather events.