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- Information Disclosure in Line with TCFD and TNFD Recommendations
| Impact on the Company | Countermeasures | Related Scenarios | |
|---|---|---|---|
High-impact Risks |
Increase in raw materials procurement costs due to tightening environmental laws and regulations for materials sourcing, processing, and production of intermediate products. | ・Price pass-through to products ・Multiple sourcing of several key raw materials |
(1)(2) |
| ・Switch the suppliers to those who use biomass-derived raw materials ・Develop products that use biomass-derived raw materials |
(2) | ||
| Increase in operation costs in our plants due to the enforcement of regulations on pollution. | ・Changes to equipment and manufacturing processes in line with enhancement of regulations ・Distribute facility investment methodically to maintain regulatory compliance as the strengthened regulatory requirements are determined ・Check the trends of tightening regulations in RC (Responsive Care) management activities. |
(2) | |
| Increase in operation costs due to the introduction of tax on plastics; Generation of additional costs for replacing production equipment and switching packaging materials by introducing biomass plastics and other recyclable materials. |
・Reduce the use of plastics for containers and packages ・Switch containers/packages materials from fossil-derived plastics to biomass-derived and other recyclable materials |
(2) | |
| Declines in the ESG rating, the Group’s reputation, the market capitalization and difficulty in financing due to the delay in countermeasures against climate change, such as the massive use of fossil-derived raw materials. | ・Enhance RC management ・Enhance initiatives for reducing environmental impacts ・Develop environmentally friendly agrochemicals and promote their sales ・Appropriate information disclosure |
(2) | |
| Decline in agrochemicals’ sales by introducing regulations on the use volume of agrochemicals. | ・Develop environmentally friendly agrochemicals ・Develop biological agrochemicals ・Acquire biostimulant technologies ・Push ahead with registrations of agrochemicals in new countries |
(2) | |
| Reduction of the use volume and decline in sales of agrochemicals due to the expansion of organic beverage and food markets. | ・Develop environmentally friendly agrochemicals ・Develop biological agrochemicals ・Acquire biostimulant technologies ・Push ahead with registrations of agrochemicals in new countries |
(1)(2) | |
| Reduction of the use volume and decline in sales of agrochemicals by using various technologies, such as big data, drones, and farm management software. | ・Develop agrochemicals for drone spraying and promote their sales ・Push ahead with registrations of agrochemicals in new countries |
(1)(2) | |
| Increase in raw materials procurement costs due to water scarcity, floods, or similar risks in materials sourcing and processing and production of intermediate products; Supply shortage of those materials due to the suspension of or limitation to production. |
・Price pass-through to products ・Multiple sourcing of several key raw materials ・Switch the suppliers to those who use biomass-derived raw materials ・Develop products that use biomass-derived raw materials |
(2)(3) | |
High-impact Opportunities |
Rises in the ESG rating, the Group’s reputation, and the market capitalization through progressive approaches and information disclosure. | ・Enhance RC management ・Enhance initiatives for reducing environmental impacts ・Develop environmentally friendly agrochemicals and promote their sales ・Appropriate information disclosure |
(2) |
| Growth of demand for biological agrochemicals; increase in opportunities to develop new agrochemical products. | ・Develop environmentally friendly agrochemicals ・Develop biological agrochemicals ・Acquire biostimulant technologies ・Push ahead with registrations of agrochemicals in new countries |
(1)(2) | |
| Increase in sales of new agrochemicals that adapt to Smart Agriculture (such as drone agrochemicals spraying*) * It contributes to the reduction of the use volume of agrochemicals. |
・Develop agrochemicals for drone spraying and promote their sales ・Push ahead with registrations of agrochemicals in new countries |
(2) | |
| Increase in sales of agrochemicals* for agricultural products in countries and territories where farming lands are being expanded for food production due to population growth. (*Those products that contribute to the prevention of farmland expansion by improving yields and environmentally friendly.） | ・Promote sales of agrochemicals in developing countries where deforestation (farmland expansion) causes concern ・Develop environmentally friendly agrochemicals |
(1)(2) | |
| Increase in sales of low-carbon products by switching to biomass-derived raw materials | ・Switch the suppliers to those who use biomass-derived raw materials ・Develop products that use biomass-derived raw materials |
(2)(3) | |
| Increase in existing products’ sales and opportunities for the development of new agrochemicals due to the spread of pest insects, weeds, and pathogens and the development of their resistance. | ・Develop new agrochemicals ・Enhancing the agrochemicals portfolio ・Push ahead with registrations of agrochemicals in new countries |
(2)(3) | |
