Risk Management
(TCFD)

Risk Management

We have conducted scenario analyses for the years 2030 and 2050, assuming temperature thresholds of 2°C and 4°C as future climate change scenarios. More specifically, with our supply chain in mind, we identified possible risks for our company as a whole and for each of our company’s processes, and assessed their materiality based on what financial impacts would occur under the 2°C and 4°C scenarios.

As for the identified risks related to climate change, we formulate policies and develop response measures for risk avoidance, mitigation, transfer, acceptance, and control, led by the President. After deliberation by the Sustainability Committee, we conduct risk management in relation to climate change. The President reports to the Board of Directors on the status of deliberations at the Sustainability Committee as well as the implementation status of measures to address risks related to climate change and the results thereof. The Board of Directors then appropriately evaluates and supervises these measures.