Addressing Climate Change
Promoting initiatives for carbon neutrality
We carry out initiatives to achieve the goals for CO2 reduction we set with the CO2 emissions from Scope 1 + 2 of FY2020 as a point of reference: a short-term target of 10% reduction by the end of FY2024, and a mid-term target of 30% reduction by the end of FY2030.
Information Disclosure Based on the Task Force on Climate-related Financial Disclosure (TCFD) recommendations
The Alfresa Group views climate change as a major issue that impacts sustainability management.
Based on the declarations*1 of the Task Force on Climate-related Financial Disclosures (TCFD*2), Alfresa advances initiatives within the following framework.
*1Alfresa group supports the TCFD recommendations.
*2The TCFD was established in 2015 by the Financial Stability Board, an international organization. The TCFD proposes methods to evaluate companies' business ベラ ジョン カジノ 最低 ベットnd opportunities due to climate change and encourages them to disclose information about the financial impact of such ベラ ジョン カジノ 最低 ベットnd opportunities.
Corporate governance (climate governance system)
The Alfresa Group is addressing climate change as one of its aims in the Alfresa Group's Environmental Policy.
The Group set up the TCFD Subcommittee under the CSR Promotion Committee in May 2022 for the purpose of improving information disclosure related to climate change.
The TCFD Subcommittee works closely with the Compliance and Risk Management Committee, which oversees risk management for the entire Group, to identify ベラ ジョン カジノ 最低 ベットnd opportunities related to climate change, evaluate their importance, and advance and monitor countermeasures.
The content of and the progress made by these measures are reported to the CSR Promotion Committee twice a year, with reports subsequently submitted to the Board of Directors.
Our stance on addressing climate change is reflected in Group Management Policies in the Mid-term Management Plan, and we advance initiatives to address climate change through business activities.
* The CSR Promotion Committee and the Compliance and Risk Management Committee are advisory bodies to the Board of Directors.
Roles and Systems
1Role of TCFD Subcommittee
- Identify ベラ ジョン カジノ 最低 ベットnd opportunities, analyze scenarios
- Evaluate importance
- Advance specific measures (work with CSR Promotion Committee and Compliance and Risk Management Committee)
- Monitor progress (work with CSR Promotion Committee and Compliance and Risk Management Committee)
- Information disclosure
2Climate change ベラ ジョン カジノ 最低 ベットnd promotion and monitoring system
CSR Promotion Committee (TCFD Subcommittee)
Mainly in charge of transitional ベラ ジョン カジノ 最低 ベットnd opportunities
Compliance and Risk Management Committee
Mainly in charge of physical risks
Strategy
In fiscal 2021, the year ended March 31, 2022, Alfresa analyzed scenarios to evaluate the impact of climate change on Groupwide operations. Management conducted interviews in each business segment and, based on the following two possible scenarios, identified ベラ ジョン カジノ 最低 ベットnd opportunities in each business, thereafter classifying them in TCFD categories along short-term, medium-term, and long-term time frames. The magnitude of their financial impact was qualitatively evaluated in five stages, and countermeasures were examined based on the degree of importance.
Alfresa views climate change as a medium- to long-term management issue and thus reflects it in its business strategies. Of the identified ベラ ジョン カジノ 最低 ベットnd opportunities, the following items are considered highly important at the Companywide level.
Possible scenarios |
1.5℃ scenario
Maximum impact from transition to carbon neutrality * Referenced third-party scenarios: International Energy Agency's (IEA) Net Zero by 2050 Scenario / SSP1-2.6 Scenario, RCP 2.6 Scenario |
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4℃ scenario
Maximum impact from climate change without transition to carbon neutrality * Referenced third-party scenarios: SSP5-8.5 Scenario, RCP 8.5 Scenario |
Timeframe | Timeframe | Reason for adoption | |
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Short term | Until 2025 | End of 2022 -24 Mid-term Management Plan | |
Medium term | Until 2030 or so | Outlook for next 10 years or so | |
Long term | Until 2040 or so | Outlook for next 20 years or so | |
Very long term | Until 2050 or so | Japanese government's carbon-neutral target timeline |
Major ベラ ジョン カジノ 最低 ベットnd opportunities in 1.5℃ scenario
Category | Outline of possible scenarios | Business ベラ ジョン カジノ 最低 ベットnd opportunities | Details of ベラ ジョン カジノ 最低 ベットnd opportunities | Timeframe | Strategic response to ベラ ジョン カジノ 最低 ベットnd opportunities | |
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Government policies and regulations |
2030: $130/t-CO2 2050: $250/t-CO2 |
Increase in costs to accelerate reductions in GHG emissions | Risks |
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Short term |
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Rise in costs from introduction of carbon pricing | Risks |
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Technologies |
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Opportunities from efficiency gains in transportation | Opportunities |
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Short term |
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Markets |
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Rise in electricity prices | Risks |
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Medium term |
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Increase in naphtha prices | Risks |
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Long term | ||
Reputation |
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Decline in trust of stakeholders due to delays in addressing climate change | Opportunities Risks |
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Short term |
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Major ベラ ジョン カジノ 最低 ベットnd opportunities in 4℃ scenario
Category | Outline of possible scenarios | Business ベラ ジョン カジノ 最低 ベットnd opportunities | Details of ベラ ジョン カジノ 最低 ベットnd opportunities | Time frame | Strategic response to ベラ ジョン カジノ 最低 ベットnd opportunities | |
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Markets |
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Increase in crude oil prices | Risks |
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Medium term |
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Acute climate change impact |
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Impact on bases from wind and water damage | Risks |
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Short term |
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Supply chain disruptions due to wind and water damage | Risks |
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Short term |
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Chronic climate change impact |
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Increase in infectious diseases | Opportunities Risks |
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Medium term |
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Temperature management and higher air-conditioning costs | Risks |
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Medium term |
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In addition to the aforementioned major Companywide ベラ ジョン カジノ 最低 ベットnd opportunities, Alfresa has identified major ベラ ジョン カジノ 最低 ベットnd opportunities within each business segment. In the medical-related business, one risk is earnings deterioration in the pharmacy business due to heat waves, while stronger demand for online and door-to-door sales due to heat waves represents an opportunity. In the manufacturing business, one risk pertains to the impact on coastal plants from rising sea levels.
Risk management (process)
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Indicators and targets
The Alfresa Group has set the target of net-zero CO2 emissions by fiscal 2050, as CO2 emissions are a key indicator related to climate change.
Using fiscal 2020 CO2 emissions (Scope 1 and Scope 2) as a baseline, the Alfresa Group has set targets to reduce emissions by 10% by the end of fiscal 2024 as a short-term objective and by 30% by the end of fiscal 2030 as a medium-term objective.
The CSR Promotion Committee evaluates measures and policies for using renewable energy and switching to environmentally friendly vehicles, evaluates and reports on the activities of each Group company, and reports its findings to the representative director and Board of Directors. Fiscal 2021 CO2 emissions (Scope 1 and Scope 2) amounted to 70,420 t-CO2.
* Please also refer to ベラ ジョン カジノ 出 金 方法ata / ESG for more information about energy use and CO2 emissions.