TCFD-Based Climate-Change Scenario Analysis
First written in FY2023. 3 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The same method is used when selecting new stores, incorporating an assessment of physical risks based not only on current conditions but also on the expected intensification of future natural disasters under a 4°C warming scenario.」
The Group applies TCFD-based natural-disaster scenario analysis not only to assessments of existing locations but also when selecting new stores. - FY2025AdvancedAnnual report
「The Group assesses the impact of risks and opportunities as high, medium or low and implements response measures. It prioritizes risks based on their impact on the business and the timing of their occurrence, and implements response measures.」
The Group has made its TCFD-based analysis part of an operating process covering impact classifications, timing of occurrence, impact-value criteria, response measures, and reporting to the Board of Directors and the Internal Control Audit Office. - FY2024AdvancedAnnual report
「Based on the latest hazard maps and the Ministry of Land, Infrastructure, Transport and Tourism's “Guide to Physical Risk Assessment under the TCFD Recommendations,” the Group conducts quantitative risk assessments. Although the projected damages, expressed as expected values based on the probability of occurrence through 2030 and 2050, are not expected to have a major business impact, the Group has also assessed the risk that flooding caused by rainfall equivalent to a once-in-100-years event could result in substantial losses from business suspension.」
The Group has made its TCFD-based scenario analysis more specific by introducing quantitative assessments using 1.5°C and 4°C scenarios, hazard maps, the probability of occurrence in 2030 and 2050, and projected damages. - FY2023First statedAnnual report
「Based on the TCFD recommendations, the Group has identified climate change risks and opportunities. It uses a 1.5°C scenario to assess transition risks and opportunities related to decarbonization and a 4°C scenario to assess physical risks and opportunities arising from the progression of climate change, evaluating their potential future impacts.」
Based on the TCFD recommendations, the Group identifies and assesses climate change risks and opportunities under 1.5°C and 4°C scenarios and has established a mechanism for the Sustainability Promotion Office to report to the Board of Directors.