Task Force on Climate-related Financial Disclosures–Risk Management

Disclose the company’s governance around climate-related risks and opportunities.

Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities.

Meeting the international climate and development objectives requires a massive reallocation of capital towards low-carbon technologies, including renewables, as well as the mobilisation of all available capital sources. USD 131 trillion will need to flow into the energy system by 2050, prioritising technology avenues compatible with the 1.5 ॰C pathway.

Disclose the actual and potential impacts of climate-related risks and opportunities on the company’s businesses, strategy, and financial planning.

The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets.

Carbon offsets are a mechanism that allows individuals, businesses, and governments to reduce their carbon footprint by investing in projects or activities that reduce greenhouse gas (GHG) emissions. The idea behind carbon offsets is that if an entity cannot reduce their emissions directly, they can compensate for their emissions by supporting projects that prevent or reduce GHG emissions in other parts of the world.