Environmental issues such as climate change are growing increasingly critical. Since abnormal weather has a severe environmental impact, including massive disasters even in Japan, climate change has become one of the highest priority issues that companies can no longer ignore. Given these circumstances, the Group has positioned “contributing to a prosperous society in harmony with the global environment” as one of our high-priority material issues (materiality).  As part of our actions to effectively address the risks and opportunities arising from environmental issues, we support the TCFD (Climate-related Financial Disclosure Task Force) Final Report (TCFD Recommendations) and are committed to complying with its disclosure recommendations and disclosing information on governance, strategy, risk management, and metrics and targets.
 The Group will further promote company-wide initiatives, such as reducing GHG emissions, and actively disclose this information.



Item details

Recommended disclosure contents



Disclose the organization’s governance around climate-related risks and opportunities.

a) Describe the board’s oversight of climate-related risks and opportunities.

We discuss environmental initiatives in the Climate Change Project, and hold discussions at the Sustainability Committee, which manages the progress of highpriority financial and nonfinancial issues, then consults with the Board of Executive Officers and the Board of Directors.

b) Describe management’s role in assessing and managing climaterelated risks and opportunities.

In response to initiatives aimed at mitigating climate change, we are promoting the Climate Change Project. We have established a system for monitoring climate change initiatives by reporting on them regularly to the Sustainability Committee, which has executive directors, executive officers, full-time corporate auditors,and heads of divisions (including subsidiary officers), and is chaired by the representative director, president and executive officer.


Disclose the actual and potential impacts of climaterelated risks and opportunities on the organization’s businesses,strategy, and financial planning where such information is material.

a) Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.

As a starting point for the risks and opportunities related to climate change, the Joshin Group has set short-term targets up to 2025, medium-term targets up to 2030, and long-term targets up to 2050. The Sustainability Committee will continue

to discuss risks and promote opportunities that will have a major financial impact on the organization, based on the scenario analysis within the project, then report to the Board of Directors.

b) Describe the impact of climaterelated risks and opportunities on the organization’s businesses, strategy,and financial planning.

The Group is conducting analyses based on two scenarios: an average temperature increase of 1.5°C to 2°C and an average temperature increase of 4°C. The goal of assessing both these scenarios is to determine the risks and opportunities that climate change poses to the Group and their impact on business, as well as to implement countermeasures. We have identified the business impact of transition/ physical risks and opportunities for both average temperature increase scenarios, and have started to take countermeasures up to 2030. Our main long-term targets up to 2050, see here.

Based on these assumptions, we look at the impact of climate change and plan new growth opportunities in our business strategy and medium-term management plan for both temperature increase scenarios.

c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.

To verify the resilience of our organizational strategy, the Group has conducted a business impact analysis for each risk and a scenario analysis based on the results. Focusing on the items that are expected to have a large qualitative impact, we use these results to analyze risks that affect the Company’s strategy and countermeasures. We intend to maintain resilience by using the findings of our analyses when formulating key measures for each department and basic strategies for sustainability management.



Disclose how the organization identifies, assesses,and manages climate-related risks.

a) Describe the organization’s processes for identifying and assessing climaterelated risks.

In our company-wide risk management system, we have established the Risk Management Committee and Sustainability Committee, the core of the risk management system, to identify, assess, and manage risks for the entire Group, including those related to climate change.

b) Describe the organization’s processes for managing climate-related risks.

Currently, we identify risks, assess any impact on business, and formulate countermeasures in the Climate Change Project. The Sustainability Committee then deliberates on these risks and countermeasures. We have also established an environmental management system at our Head Office departments based on the ISO 14001 standard, and we monitor other risks, such as compliance with laws and regulations, under this system.

c) Describe how processes for identifying,assessing, and managing climaterelated risks are integrated into the organization’s overall risk management.

Metrics and Targets

Disclose the metrics and targets used to assess and manage relevant climaterelated risks and opportunities where such information is material.

a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.

For addressing climate-related risks, we recognize the importance of reducing GHG emissions and installing photovoltaics (solar panels) or renewable energy systems at Company sites. Therefore, we use GHG emissions, photovoltaic systems, and renewable energy introduction ratios as indicators.

We have set SBTi certification and RE100 acquisition as medium- to long-term goals, and Major Targets for Materiality Initiatives as short-term goals, and we will monitor indicators, while managing the progress of strategies as well as risks.

b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.

For more information, click here.

c) Describe the targets used by the organization to manage climaterelated risks and opportunities and performance against targets.

We have stated our goals in the Climate Action Roadmap

Analysis of climate-related risks and opportunities