Climate Change Risk Management in Oceania
Climate Change Risk Management
The Fujitsu Group operates a group-wide risk management system to identify, prevent, and mitigate a variety of potential risks, in accordance with Fujitsu’s risk appetite. This risk management approach includes issues related to climate change and other environmental issues.
By addressing the physical and transitional climate risks that impact upon Fujitsu’s operations, supply chains, and customers, though implementation of appropriate mitigation and adaptation strategies, we can reduce loss and generate significant value throughout our value chain associated with the transition to a more sustainable world.
Fujitsu takes a methodical and structured approach to climate risk. Framed by the Taskforce for Climate Related Financial Disclosures (TCFD) framework, climate related risks and opportunities are captured, analysed and incorporated into Fujitsu’s risk management framework. To read more about our Governance, Strategy, Risks, Metrics and Targets at Fujitsu Group level
Climate risks and opportunities in Fujitsu Australia and New Zealand
Continuing the important work done at the Fujitsu Group level, Fujitsu Australia and New Zealand (FANZ) has been building upon this foundation with region-specific climate risk and opportunity management. Commencing in 2019 and refined most recently in 2023, this region-specific assessment of risks, opportunities and related actions is an integral part of our FANZ’s climate action strategy, which informs our responsible business growth strategy.
Our 2023 climate risk and opportunity workshop included key internal stakeholders from across our business, including:
- Finance
- Facilities
- Business Resilience
- Procurement
- Data Centres
- Field Services
- Health, Safety and Well-being
- Legal & Compliance
- Technology & Innovation
- Sales and Customer Service
- People & Culture
- Office of Purpose
Beyond identification of climate risks and opportunities, we are heavily focused on integration into existing management frameworks for traceability, consistency, and accountability. In the ANZ region, data centre operations, warehousing and distribution services are important parts of our business operations. To gain insights into potential exposure of these assets and some dependent infrastructure to various physical climate risks such as heat stress, flood risk and soil movement, we engaged a third-party climate risk consultant - XDI (Cross Dependency Initiative). By using XDI’s analysis, we gained important insights into the vulnerability of these assets to short-term and long-term physical climate change events out to 2100.
Climate risks table
Risks identified during our FANZ 2019 and 2023 workshops were found to align with those risks identified at Fujitsu Group level, as represented in the below table. Some risks were found to be more material in the context of our FANZ business operations. In these instances, we have added additional context and detail on risks and mitigation measures as they relate to FANZ operations.