Principles |
Reference |
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Governance |
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Frequency by which the board and/or board committees are informed about climate-related risks |
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Board and/or board committees consider climate-related issues when reviewing and guiding strategy |
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Board monitors and oversees progress against goals and targets for addressing climate-related issues |
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Description provided of the processes by which the board is informed about climate-related |
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Organization has assigned climate-related responsibilities to management-level positions or committees |
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Description provided of the associated organizational structure(s) |
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Description provided of how management monitors climate-related issues |
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Strategy |
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Assessment of potential climate-related impacts on business conducted |
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Description provided of what they consider to be the relevant short-, medium-, and long-term time horizons |
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Description provided of the specific climate-related issues potentially arising in each time horizon |
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Company discloses information on the potential impacts of climate-related risks and opportunities |
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Description provided of how the organization’s strategies might be affected by climate-related risks and opportunities |
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Climate-related scenario analysis conducted by the company |
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Company discloses how resilient the organization’s strategies are to climate-related risks and opportunities |
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Risk management |
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Processes for identifying climate-related risks defined, covering potential size and scope of identified |
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Description provided of processes used to manage climate-related transition risks (policy and legal, |
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Description provided of processes used to manage climate-related physical risks (acute and/or chronic) |
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Description provided of processes used to manage climate-related opportunities (resource efficiency, energy source, products & services, markets, resilience) |
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Processes for managing climate-related risks defined |
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Processes for identifying, assessing, and managing climate-related risks are integrated into overall |
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Climate-related risks and opportunities are integrated into current decision making and strategy |
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Metrics and targets |
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Company discloses GHG emissions quantitative metrics used to measure & manage climate-related risks & opportunities |
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Company discloses quantitative metrics (other than GHG emissions) used to measure & manage |
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Company discloses quantitative information regarding the financial implications on its metrics used to measure & manage climate-related risks & opportunities |
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Quantitative disclosures relate to climate-related opportunities, such as revenue from products and |
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Performance metrics are incorporated into remuneration policies |
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Company defines an internal price of carbon, which is factored into business decision-making |
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Industry-specific GHG efficiency ratios disclosed |
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GHG targets in place |
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Climate change non-GHG targets in place, covering: water, energy, land use, and waste management where relevant and applicable |