Risks and Opportunities of Climate Change

Risks and Opportunities of Climate Change

Governance

  • Board of directors regularly discuss to supervise risks and opportunities of climate change according to discussion and reports related climate changes in Risk Management Committee which manages and discusses risks as all NDK and Carbon Neutrality Committee.
  • The chairperson in Risk Management Committee and Carbon Neutrality Committee is appointed and directed by Representative Director and President.

Strategies

NDK groups is addressing following action in order to achieve midterm plan towards carbon neutral (net zero) by 2050.

1, Improving the energy saving of power consumption.

2, Promoting green energy procurement

3, Visualizing of GHG emissions in supply chain

4, Visualizing of action for risks and opportunities of climate change

Regarding No.4, NDK starts to analyze and predicts possible risks as follows.

  • The increase of procurement cost such as electric power and row material by introducing Carbon Pricing
  • The sales declines by supply chain disruptions and factory shutdown by climate disasters

Risks

Risks by climate changes are prioritized to be addressed by Risk Management Committee which tries to find, evaluate and monitor.
In Carbon Neutral Committee, risks by climate changes are recognized, evaluated and managed to report the results to Risk Management Committee every year.

Index and goals

Evaluation index of climate change will be determined. As to the total GHG emissions, Scope 1 and 2 is reported in ESG data.

Organization of Climate Change Risk Management

Organization of Climate Change Risk Management

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