Materiality
Create a community coexisting with nature
Promote initiatives to mitigate and adapt to climate change, transition to a circular economy, and achieve Nature Positive.
Recognition of Societal Issues
- Climate change
- Natural capital
- Circular economy
Major Risks and Opportunities
Risks
- Introduction of carbon pricing aimed at achieving net-zero emissions, and drop in demand for fossil fuel
- Risk of contract defaults due to production and supply delays driven by increasing physical risks—such as extreme heat, wildfires, water stress, drought, or tropical cyclones—stemming from worsening climate change and the degradation of natural capital, along with associated reputational risks
- Restrictions on the use of natural capital, increased environmental conservation costs, and reputation risks associated with pollution, inappropriate land conversion, and resource use arising from the transition to a nature-positive economy
Opportunities
- Increased demand for products and services that contribute to the achievement of net-zero emissions
- Increased demand for materials, products, and services that contribute to the transition to a nature-positive economy and help conserve natural capital and limit its degradation
- Creation of new business models that capture trends such as the circular economy