Support for the TCFD Recommendations and Identification of Transition Risks, etc., through Climate Scenario Analysis
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025.
- FY2025RestatedAnnual report
「In September 2021, we announced our endorsement of the TCFD Recommendations and our participation in the TCFD Consortium. In March 2022, we conducted analyses based on 1.5°C/2°C scenarios and a 4°C scenario, focusing on our manufacturing business, which is significantly affected by climate change, and disclosed the identification of transition risks, physical risks and opportunities under each scenario, as well as our assessment of the impact on our business.」
The company continues to disclose its TCFD endorsement, scenario analyses, identification of transition and physical risks and opportunities, and assessment of business impacts. - FY2023AdvancedAnnual report
「Category Impact on our group Financial impact Response strategy Risks Transition Policy and regulation Introduction of a carbon tax Large Market research Higher delivery costs Medium Developing procurement sources Electricity supply regulations Small Developing procurement sources Market and social changes Changes in customer behavior Medium Market research Physical Intensification of storms and floods Damage to facilities Medium Globally optimized production Compliance with reliable short lead times Opportunities Increased business opportunities Higher product demand Large Developing responsive products Increased sales from contributing to early recovery Medium Expanding IT and production investment Cost reduction Lower electricity procurement costs Medium Promoting conversion to renewable energy」
The company disclosed its TCFD-based transition and physical risks, opportunities, financial impacts and response strategies in a detailed table. - FY2022First statedAnnual report
「In September 2021, we announced our endorsement of the TCFD Recommendations and our participation in the TCFD Consortium. In March 2022, we conducted analyses based on 1.5°C/2°C scenarios and a 4°C scenario, focusing on our manufacturing business, which is significantly affected by climate change, and disclosed the identification of transition risks, physical risks and opportunities under each scenario, as well as our assessment of the impact on our business.」
In addition to endorsing the TCFD Recommendations and participating in the consortium, the company conducted climate risk and opportunity analyses based on multiple temperature scenarios and assessed their business impacts.