Identification of and Response to Transition and Physical Risks and Opportunities Associated with Climate Change
First written in FY2024. 1 of 2 entries say "Advanced", first in FY2025. Latest entry: FY2025.
23 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「For each issue under consideration, the Sustainability Committee manages risks and opportunities by comprehensively taking into account the degree and means of contribution to resolving social issues, as well as the materiality, likelihood of occurrence and tolerance of the risks and opportunities identified in pursuing the sustainable development of our group’s business.」
We made more concrete the management of climate-related risks and opportunities based on short-, medium- and long-term time horizons, scenarios, materiality, likelihood of occurrence and tolerance, as well as response decisions by each subcommittee and the Board of Directors. - FY2024First statedAnnual report
「We have identified the principal climate-related risks and opportunities for our group as set out below and will pursue further growth for our group while addressing environmental issues. The risk scenarios were prepared with reference to IPCC SSP1-2.6 (the below-2°C scenario) and IPCC AR6 SSP5-8.5 (the 4°C scenario).」
For climate change, we systematically identified carbon taxes and CO2 emissions regulations, technological innovation, changes in product markets, reputational risks, catastrophic disasters and chronic temperature increases as transition and physical risks and opportunities for the first time. We estimate the financial impact of a carbon tax in fiscal 2030 at approximately ¥30 million.