Boliden's climate disclosure using TCFD structure

Principles

Reference

     

Governance

Frequency by which the board and/or board committees are informed about climate-related risks

ASR 61-63

Board and/or board committees consider climate-related issues when reviewing and guiding strategy

SI 23

Board monitors and oversees progress against goals and targets for addressing climate-related issues

ASR 63

Description provided of the processes by which the board is informed about climate-related
issues disclosed

ASR 62

Organization has assigned climate-related responsibilities to management-level positions or committees

ASR 63SI 23

Description provided of the associated organizational structure(s)

SI 23

Description provided of how management monitors climate-related issues

SI 23

   

Strategy

Assessment of potential climate-related impacts on business conducted

ASR 4-7, SI 27

Description provided of what they consider to be the relevant short-, medium-, and long-term time horizons

ASR 4-7, SI 25-26

Description provided of the specific climate-related issues potentially arising in each time horizon

ASR 54, SI 24-25

Company discloses information on the potential impacts of climate-related risks and opportunities

ASR 4-7, 54, SI 24-27

Description provided of how the organization’s strategies might be affected by climate-related risks and opportunities

ASR 4-7, 54, SI 23-24

Climate-related scenario analysis conducted by the company

SI 25-27

Company discloses how resilient the organization’s strategies are to climate-related risks and opportunities

ASR 4-7, 35, SI 24

   

Risk management

Processes for identifying climate-related risks defined, covering potential size and scope of identified
climate-related risks

ASR 35, 54, SI 7-8, 924-27

Description provided of processes used to manage climate-related transition risks (policy and legal,
technology, market, reputation)

SI 24

Description provided of processes used to manage climate-related physical risks (acute and/or chronic)

SI 24-26

Description provided of processes used to manage climate-related opportunities (resource efficiency, energy source, products & services, markets, resilience)

SI 27

Processes for managing climate-related risks defined

SI 27-29

Processes for identifying, assessing, and managing climate-related risks are integrated into overall
enterprise risk management framework

SI 7-8, 927-29

Climate-related risks and opportunities are integrated into current decision making and strategy
formulation

ASR 1-6SI 27-29

   

Metrics and targets

Company discloses GHG emissions quantitative metrics used to measure & manage climate-related risks & opportunities

ASR 9, 110-116SI 27-29

Company discloses quantitative metrics (other than GHG emissions) used to measure & manage
climate-related risks & opportunities

SI 27-29

Company discloses quantitative information regarding the financial implications on its metrics used to measure & manage climate-related risks & opportunities

SI 27-29

Quantitative disclosures relate to climate-related opportunities, such as revenue from products and
services designed for a lower-carbon economy

SI 27-29

Performance metrics are incorporated into remuneration policies

SI 44, ASR 71, note 5

Company defines an internal price of carbon, which is factored into business decision-making

ASR 81, Note 13, SI 14-15

Industry-specific GHG efficiency ratios disclosed

SI 27-29

GHG targets in place

ASR 9, SI 18

Climate change non-GHG targets in place, covering: water, energy, land use, and waste management where relevant and applicable

ASR 9, 11SI 18, 19