In the TCFD recommendations, companies are asked to implement scenario analysis to figure out their climate-related risks and opportunities when they disclose their strategies to investors. However, because there were few examples which explained and disclosed the process of scenario analysis, the Japanese Ministry of Environment (MOEJ) started the support program for companies to analyze their own climate risks and opportunities in line with the TCFD recommendations in August 2018. In the program, MOEJ selected 6 Japanese companies by focusing on the sectors with the highest likelihood of climate-related financial impacts.
Based on the knowledge and experience through the program, MOEJ hereby releases the practical guide for scenario analysis in line with TCFD recommendations. This is the first practical guide to show how companies should implement scenario analysis to integrate climate-related risk and opportunities into their own management strategies by utilizing TCFD recommendations.
This resource is in Japanese.