9.4TCFD recommendations
TCFD recommendations
| TCFD Recommended Disclosures | Annual Report reference | Climate- and biodiversity Report 2023 reference | |
|---|---|---|---|
| Governance | a. Describe the board’s oversight of climate related risks & opportunities | 5.1, 6.2.1 | 3.5 |
| b. Describe management’s role in assessing and managing climate-related risks & opportunities | 3.6, 5.1, 6.2.1, 7.8 | 3.5 | |
| Strategy | a. Describe the climate-related risks & opportunities the organisation has identified over the short, medium, and long-term | 3.6, 6.2.1, 7.8 | 2, 3, 4 |
| b. Describe the impact of climate-related risks and opportunities on the organisation’s business, strategy & financial planning | 3.6, 6.2.1, 7.8 | 2, 3, 4 | |
| c. Describe the resilience of the organisation’s strategy, taking into consideration different climate-related scenarios, including two-degree or lower scenarios | 6.2.1 | 4 | |
| Risk management | a. Describe the organisation’s processes for identifying and assessing climate-related risks | 3.6, 7.8 | 4.2 |
| b. Describe the organisation’s processes for managing climate-related risks | 3.6, 6.2.1, 7.8 | 4.3 | |
| c. Describe how processes for identifying, assessing, and managing climate-related risks are integrated in the organisation’s overall risk management | 3.6, 7.8 | 4 | |
| Metrics & targets | a. Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process | 2.6, 2.7, 3.6, 6.2.1 | 3.3, 4 |
| b. Disclose Scope 1, Scope 2, and, if appropriate Scope 3 greenhouse gas (GHG) emissions, and the related risks | 3.5, 6.2.1 | 5.5 | |
| c. Describe the targets used by the organisation to manage the climate-related risks and opportunities and performance against targets | 2.6, 2.7, 3.1, 3.2, 6.2.1 | 3.3 | |