TCFD reconciliation table

TCFD Recommendations

Reference

GOVERNANCE

Organization’s governance around climate related risks and opportunities

 

a) Describe the Board’s oversight of climate-related risks and opportunities

 

Sustainability governance, pages 55-66

b) Describe management’s role in assessing and managing climate-related risks and opportunities

Sustainability governance, pages 67-68

     

STRATEGY

Actual and potential impacts of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning

a) Describe the climate-related risks and opportunities identified over the short-, medium-, and long-term

 

 

 

Risk Management, pages 80-84

b) Describe the impact of climate-related risks and opportunities on businesses, strategy, and financial planning

 

 

 

Risk Management, pages 80-84

c) Describe the resilience of the strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario

 

 

 

Sustainable development strategy, pages 38-51

     

RISK MANAGEMENT

Process for identifying, assessing, and managing climate -related risks

a) Describe the processes for identifying and assessing climate-related risks

Risk Management, pages 69-80

 

b) Describe processes for managing climate-related risks

 

Risk Management, pages 69-80

c) Describe how the processes for identifying, assessing, and managing climate-related risks are integrated into the overall risk management

Risk Management, pages 69-80

     

METRICS AND TARGETS

Metrics and targets used to assess and manage relevant climate-related risks and opportunities

a) Disclose the metrics used to assess climate-related risks and opportunities in line with the strategy and risk management process

Sustainable development strategy, pages 4 7-51 (e.g. installed capacity from renewable sources)

Risk Management, pages 80-84 (e.g. Strategic Plan investments)

Governance tools, pages 90- 92 (e.g. MbO system)

b) Disclose Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions, and related risks

Decarbonization and process efficiency, pages 133-139

c) Describe the objectives used to manage climate change risks and opportunities and performance against the objectives

Sustainable development strategy, pages 47-51