The 4th Symposium on Promoting Climate Change Adaptation by Private Sector - Towards Addressing Physical Risks in TCFD -" was held.

The 4th Symposium on Promoting Climate Change Adaptation by Private Sector - Towards Addressing Physical Risks in TCFD - was co-hosted by the Ministry of the Environment and the National Institute for Environmental Studies (NIES) with the aim of promoting adaptation by businesses. The symposium consisted of three parts: the first part covered the latest scientific findings on climate change impacts and adaptation, the second part covered the trends of national efforts related to TCFD, and the third In the second part, the trends of national efforts related to TCFD, and in the third part, examples of TCFD efforts by private companies were presented.

The original plan was to have 200 participants, but due to the large number of applications, we decided to increase the number of participants to 500. In addition, about 154 people responded to the post-event questionnaire. The following is a summary of each program and some of the results of the questionnaire.

[Part 1: Latest Scientific Findings on Climate Change Impacts and Adaptation]

• Opening Remarks Ministry of the Environment
• Lecture 1: "Climate Change Impacts and Corporate Adaptation" by Ministry of the Environment
• Lecture 2: Ministry of Education, Culture, Sports, Science and Technology "On a sustainable future created by climate data"
• Lecture 3: National Institute for Environmental Studies "Scientific Knowledge for Climate Change Adaptation from the National Institute for Environmental Studies
• Question and answer session

The first part of the program was a presentation on the latest scientific findings on climate change impacts and adaptation.
［Figure 1: Impressions of Part 1] shows the impressions of the first part of the program from 146 participants. 98% of the respondents answered that the program was helpful. ［98% of the respondents found the program useful, and some of their comments are shown below.

Figure 1: Impressions of Part 1

Comments from the participants of Part 1

We were able to understand the efforts and characteristics of each ministry and agency, which was useful as a guideline for future activities. We were able to confirm that there are tools that companies can also use to address climate change. I was able to understand the background of the Ministry of Education's database, as it was the basis of the impact assessment that we recently conducted. I think it would be more effective if we could hear more details on how to specifically utilize the various tools and support systems, and how they relate to the SDGs and ESGs. However, I am not sure how to use all of them, so it would be more helpful to have a cross-sectional guide (e.g., the Ministry of the Environment's is especially good for this, the Ministry of Education's is good for this, etc.) and cross-sectional information such as which is the latest model.

[Part 2: Trends in national initiatives related to TCFD]

• Lecture 4: Trends in TCFD and METI's Efforts" by Ministry of Economy, Trade and Industry
• Lecture 5: "Overview of TCFD Compliance Guidance in Real Estate" by Ministry of Land, Infrastructure, Transport and Tourism
• Lecture 6: "Introduction to Information Disclosure on Climate-related Risks and Opportunities for Food, Agriculture, Forestry and Fisheries (TCFD Guide)" by Ministry of Agriculture, Forestry and Fisheries
• Lecture 7: "Support for Decarbonized Management" by Ministry of the Environment
• Question and answer session

In the second part of the session, each ministry and agency introduced the trend of national efforts related to TCFD.
［Figure 2: Impressions of Part 2] shows the impressions of the second part of the program from 147 participants. 97% of the respondents answered that the program was helpful. ［97% of the respondents found the program useful, and some of the comments from the participants are shown below.

Figure 2: Impressions of Part 2

Comments from the participants of Part 2

I thought it would be helpful to have more industry-specific materials for each ministry sector. I was not aware of any such TCFD efforts by the ministries. This was helpful in working on the second round of scenario analysis. It is difficult to find data, but I will refer to the materials presented. I feel that if you could provide us with the direction and roadmap for future measures, we would be able to further understand.

[Part 3: Case Studies of TCFD Initiatives by Private Companies]

• Lecture 8: "Kirin Group's TCFD Scenario Analysis and Environmental Strategy" by Kirin Holdings Company, Limited
• Lecture 9: East Japan Railway Company "TCFD Proposal Initiatives in East Japan Railway Company
• Lecture 10: "Approaches to TCFD Recommendations in the SMBC Group" by Sumitomo Mitsui Financial Group, Inc.
• Question and answer session
• Concluding and Closing Remarks National Institute for Environmental Studies

The third part of the session featured presentations by leading private companies on their TCFD initiatives.
［Figure 3: Impressions of Part 3] shows the impressions of Part 3 from 141 of the participants. 96% of the respondents answered that the program was helpful. ［96% of the respondents found the program useful, and some of their comments are shown in [Comments from the participants of Part 3].

Figure 3: Impressions of Part 3

Comments from the participants of Part 3

I was able to learn more about the company's specific initiatives and analysis process in detail. Each company was able to integrate risks and opportunities with their own business, which was very helpful. There are many things that I would like to incorporate in my company such as directions, etc., and this was very useful. I think that agriculture, infrastructure, and finance are industries where climate change risks are easily visible. Next, I would like to know more about the efforts of industries that are not directly affected by climate change, such as manufacturing and IT. This time, you introduced the initiatives of large companies, so if there is an opportunity to share the initiatives of small and medium-sized companies, I would love to participate.

［Figure 4: Topics you would like to know more about in the future] shows the number of respondents who selected the topics they would like to know more about in the future. Here are some of the comments from respondents who chose "Other.

Figure 4: Topics you would like to know more about in the future	Breakdown of "Other
	Initial explanations and suggestions for support measures for small and medium-sized businesses We would like to hear suggestions and information on how to respond to climate change in detail by industry.

The symposium was highly evaluated by the respondents. We also received opinions and requests regarding the symposium, as well as requests to the Center for Climate Change Adaptation and A-PLAT. The Center for Climate Change Adaptation will continue to work to provide useful information to all.

Please click on the link below to view the lecture materials, video of the lecture, and a summary of the results of the questionnaire survey conducted in advance of the event.