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Next, I will discuss the initiatives towards the TCFD.
In March 2019, the Group endorsed the TCFD recommendations as the first developer in Japan, and has participated in the TCFD Consortium, a domestic organization that discusses TCFD initiatives, since its inception.
In the fiscal year ended March 31, 2022, we evaluated and disclosed the risks and opportunities under the 1.5°C, 3°C, and 4°C scenarios over the medium-term (2030) and long-term (2050) in each of the urban development, resort, residential, and renewable energy businesses.
The Group recognizes that climate change-induced events are significant issues that pose risks and opportunities to affect its strategy and finances over the medium to long term.
We will continue to implement measures based on the TCFD recommendations, and make appropriate disclosures to gain a broad understanding of our initiatives.
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