Climate-related Financial Information Disclosure（TCFD）
Process Used to Identify, Assess and Manage Climate-Related Risks
Konica Minolta carries out risk management so as to maximize returns while minimizing negative impacts and assesses risks from a medium- and long-term perspective. Environmental risks, including climate change are assessed and managed from a medium- and long-term perspective by assessing the impact and uncertainty of climate change risks under two scenarios: “If the average global temperature increase is kept below 2℃ (equivalent to 1.5℃) and a low-carbon society is achieved” and “If the average global temperature increase exceeds 2℃ and the predicted physical effects of climate change materialize.” In addition, we have positioned this environmental risk as a management risk for the whole Group and the Risk Management Committee manages that risk.
The Group Environment Promotion Committee discusses plans and measures on the response to climate change at its quarterly environmental meetings and also reassesses the extent of changes to risks twice a year. The Group Environmental Officers report to the president on progress made with the plan every month. Important environmental issues are also reported by the Group Environmental Officers to the Management Council, Risk Management Committee meetings, and other meeting bodies. The Board of Directors receives regular reports on the progress of the management plan for addressing climate change at their meetings, and they monitor the plan’s execution. The following frameworks were used for classifying risk. Policy and law, technology, markets, and reputation were used for transition risk. Acute physical and chronic physical were used for physical risk.
Please refer to “Risk Management” for more details on risk management systems and processes.
Please refer to “Evaluation and Identification Process for Material Issues” for more details on the relevance of material issues, which are the targets of risk management.