Risks and Opportunities in Nonferrous Metals
Society faces greater and greater uncertainties, including the global spread of COVID-19, and companies continue to find forecasting difficult. In order to achieve sustainable growth, the Group will strive to minimize business risks while steadily linking medium- to long-term business opportunities to growth.
Global Environment / Resource Issues
Environmental Changes and Social Issues
- Deepening climate change issues
- Depletion of raw material resources, rising difficulty of development
- Degrading biodiversity, water resources, etc.
- Tightening environmental regulations and requirements
Risks and Opportunities
Risks
- Strengthening corporate roles in decarbonization
- Increasing physical risks (e.g. flooding/droughts) due to climate change
- Resource nationalism/hoarding
- Increasing environmental action costs
Opportunities
- Growing demand for essential advanced materials in society with low environmental impact
- Growing demand for recycled resources
Advancements in Smart Society
Environmental Changes and Social Issues
- Spread of IoT/AI technologies, etc.
- Growing data transmission and storage volume
Risks and Opportunities
Risks
- Obsolescence of existing technologies due to accelerating technological development
- Growing risk of information security incidents and IT infrastructure failures
Opportunities
- Growing demand for advanced materials facilitating the data society
- Growing demand for electronic devices due to growth in emerging countries
- Improving market assessments of supply stability
Changes in the Social Environment and Social Culture
Environmental Changes and Social Issues
- Increasing importance of diversity and diverse work styles
- Coexistence with the local community
- Societal demands for stronger governance
- Stronger needs for disaster resilience
Risks and Opportunities
Risks
- Recruitment risk, reputation risk
- Negative impact on business and reputation due to non-compliance, incidents, etc.
- Lack of preparedness/response to disasters and pandemics
Opportunities
- Promoting innovation and securing human resources by promoting diversity
- Improving labor productivity and motivation by introducing diverse work styles
- Increasing corporate value by promoting coexistence with society and local communities
