TCFD Index
The Financial Stability Board Task Force on Climate-related Financial Disclosure (TCFD) has developed voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers and other stakeholders. The table below links to where the relevant information can be found on our website, in our 2023 Annual Report, Form 10-K, and in our most recent CDP Climate Change survey response.
| TCFD Disclosure | Location of Disclosure | |
|---|---|---|
| Governance | ||
| a) Board’s oversight of climate related risks | ||
| Process and frequency of information | ||
| Influence on business planning and goals | ||
| How the board assesses progress against goals | ||
| b) Management’s role in assessing and managing climate-related risks | ||
| Responsibilities for climate-related risks | ||
| Description of organization structure | ||
| Process of communication | ||
| Process for monitoring | ||
| Strategy | ||
| a) Near, medium and long-term climate- related risks | ||
| Description of time horizons | ||
| Specific risks that could be material for each time horizon | Short, medium and long-term risks CDP 2022 |
|
| Process to determine material risks | Assessing climate-related risks Managing sustainable development risks |
|
| b) Impact on business, strategy and planning | ||
| Impact on business and strategy | ||
| Impact on financial planning, timing and prioritization | ||
| How risks are integrated into current decision-making and strategy formulation | ||
| Describe climate-related strategies | Scenario planning | |
| c) Resilience of strategy using 2-degree or lower scenarios | Scenario planning Financial planning |
|
| Risk Management | ||
| a) Process to assess climate-related risks | ||
| Risk management process | Assessing climate-related risks Managing sustainable development risks |
|
| Existing and emerging regulatory requirements | ||
| Process for assessing size and scope of risk | Assessing climate-related risks Managing sustainable development risks |
|
| b) Process to manage climate-related risks | ||
| c) Integration of risk process into overall risk management | Managing climate-related risks Key processes |
|
| Metrics and Targets | ||
| a) Metrics used to assess climate-related risks | Our performance Plan for the Net-Zero Energy Transition GHG emissions Water Verification and assurance |
|
| b) Scope 1 and Scope 2 emissions | GHG emissions | |
| c) Describe targets used | GHG emissions intensity target CDP 2022 |
|