1. Governance: Disclosure of the organization’s governance and climate-related risks and opportunities.
Recommended disclosure
- Describe the Board’s oversight of climate-related risks and opportunities.
- Describe management’s role in assessing and managing climate-related risks and opportunities.
2. Strategy: Disclosure of the actual and potential impacts of climate-related risks and opportunities on the organization’s business, strategy, and financial planning where such information is material.
Recommended disclosure
- Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.
- Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.
- Describe the resilience of the organization’s strategy, taking into consideration different climate related scenarios, including a 2ºC or lower scenario.
3. Risk management: Disclosure of how the organization identifies, assesses, and manages climate-related risks.
Recommended disclosure
- Describe the organization’s processes for identifying and assessing climate-related risks.
- Describe the organization’s processes for managing climate-related risks.
- Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.
4. Metrics and targets: Disclosure of the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.
Recommended disclosure
- Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.
- Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 GHG emissions, and the related risks.
- Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.
Reference