Task Force on Climate-Related Financial Disclosures (TCFD) Index

Appendix

The TCFD developed recommendations for voluntary climate-related financial disclosures as a tool for investors and other stakeholders to assess risks associated with climate change.

Core Element TNFD Disclosure Reference
GovernanceDisclose the organization’s governance around climate-related risks and opportunities. a) Describe the board’s oversight of climate-related risks and opportunities Governance ESCR Committee p. 103; Pay for Performance & ESG Metrics p. 108; Risk Management & ESG Oversight p. 109; Proxy; CDP Questionnaire: Climate Change
b) Describe management’s role in assessing and managing climate-related risks and opportunities Pay for Performance & ESG Metrics p 108; Risk Management & ESG Oversight p. 109; CDP Questionnaire: Climate Change
StrategyDisclose 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. a) Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term. Climate-related Risks and Opportunities p. 28; 2023 Form 10-K;
CDP Questionnaire: Climate Change
b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. Climate-related Risks and Opportunities p. 28
b) Describe the resilience of the organization’s strategy taking into consideration different climate-related scenarios, including a 2°C or lower scenario. Task Force on Climate-related Financial Disclosures p. 24;
CDP Questionnaire: Climate Change
Risk ManagementDisclose how the organization identifies, assesses, and manages climate-related risks. a) Describe the organization’s processes for identifying and assessing climate-related risks. Risk Management p. 109;
CDP Questionnaire: Climate Change
b) Describe the organization’s processes for managing climate-related risks Emissions and Climate Change p. 34; Risk Management p. 109;
CDP Questionnaire: Climate Change
c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management. Risk Management p. 109;
CDP Questionnaire: Climate Change
Metrics and TargetsDisclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material. a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. Annual methane reduction and methane intensity reduction targets p. 34; Commitment to GHG Emissions Reduction p. 37; Performance Scorecard p. 121; CDP Questionnaire: Climate Change
b) Disclose Scope 1, Scope 2, and if appropriate, Scope 3 greenhouse gas emissions and the related risk. Commitment to GHG Emissions Reduction p. 37; Performance Scorecard p. 121,
CDP Questionnaire: Climate Change
c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. Annual methane reduction and methane intensity reduction targets p. 34;
Commitment to GHG Emissions Reduction p. 37; Performance Scorecard p. 121;
CDP Questionnaire: Climate Change