Shimizu launched the company-wide, cross-organizational Task Force on Climate-related Financial Disclosures Working Group to extract and categorize the risks and oppor- tunities presented by these transitions and physical changes as impacts on each level: procurement, direct operations, and product demand. The Working Group analyzed the impact and the response of the Shimizu Group. While the quantitative impact has not been calculated, the relative impact on business activities was predicted and expressed as three levels: Large, Medium, and Small.