Task Force on Climate-related Financial Disclosures
| Recommended Disclosures | References |
Governance | |
Disclose the organization’s governance around climate-related risks and opportunities
| |
| Describe the board’s oversight of climate-related risks and opportunities | Climate change: Governance; 2020 CDP Response (C1.1, C1.1a, C1.1b, C2.2) |
| Describe management’s role in assessing and managing climate-related risks and opportunities | Climate change: Governance; 2020 CDP Response (C1.2, C1.2a, C1.3, C1.3a, C2.2) |
Strategy | |
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material
| |
| Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term | Climate change: Climate risk assessment; 2020 CDP Response (C2.1a, 2.1b, C2.2, 2.2a, C2.3, 2.3b, C2.4 and C2.4b) |
| Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning | Climate change: Climate risk assessment; 2021 Form 10-K, pages 16-17; 2020 CDP Response (C2.3, C2.3b, C2.4, C2.4b, C3.1, C3.1b, C3.1d, C3.1e) |
| Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario | Climate change: Climate risk assessment, Adaptation; 2020 CDP Response (C3.1a, C3.1b, C3.1d) |
| Describe how risks and opportunities are factored into relevant products or investment strategies and describe related transition impact | Climate change: Climate risk assessment, Adaptation; 2020 CDP Response (C3.1d) |
Risk Management | |
Disclose how the organization identifies, assesses, and manages climate-related risks
| |
| Describe the organization’s processes for identifying and assessing climate-related risk | Climate change: Climate risk assessment; 2020 CDP Response (C2.1a, C2.1b, C2.2, C2.2a) |
| Describe the organization’s processes for managing climate-related risks | Climate change: Climate risk assessment; 2020 CDP Response (C2.1, C2.1a, C2.2, C2.2a, C3.1d, C3.1e) |
| Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management | Climate change: Climate risk assessment; 2020 CDP Response (C2.2) |
Metrics & Targets | |
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material
| |
| Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process | Climate change: Goals & metrics, Mitigation; 2020 CDP Response (C2.1, C2.2, C2.3, C2.4) |
| Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks | Climate change: Goals & metrics, Mitigation; 2020 CDP Response (C2.2, C5.1, C5.2, C6.1, C6.2, C6.3, C6.4, C6.5, C6.10, C7.1, C7.2, C7.3a, C7.3c, C7.5, C7.6a, C7.6c, 7.9a) |
| Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets | Climate change: Goals & metrics, Mitigation; 2020 CDP Response (C4.1, C4.1a, C4.2, C4.2a, C4.2b, C4.3, C4.3a, C4.3b, C4.3c, C4.5a) |