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 evaluates risks from a medium- and long-term perspective. In the short and medium term, environmental risks, including climate change, are viewed as management risks for the Group overall, and are managed by the Risk Management Committee. The Committee assesses and manages the impact and uncertainty of climate change risks from a medium- to long-term perspective in two scenarios: one in which a shift to a low-carbon society has taken place and one in which the impacts of climate change have materialized. 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 core meetings and Risk Management Committee meetings, among others. 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.