Task Force on Climate-related Financial Disclosures–Strategy

Environmental

:

Climate Change

June 1, 2023

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

Recommended Disclosures

a) Describe the climate-related risks and opportunities the company has identified over the short, medium, and long term.

b) Describe the impact of climate-related risks and opportunities on the company’s businesses, strategy, and financial planning.

c) Describe the resilience of the company’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.

‍

Explore more insights

See All Insights

NZE

The Net Zero Emissions by 2050 Scenario (NZE Scenario) is a normative scenario that shows a pathway for the global energy sector to achieve net zero CO2 emissions by 2050, with advanced economies reaching net zero emissions in advance of others.

Emission Factors for Scope 2 Market-Based Method

The Scope 2 Market-Based Method for calculating greenhouse gas (GHG) emissions focuses on using emission factors that reflect the specific electricity purchases of an organization, rather than using the average emissions from the local grid (which is the approach for the Location-Based Method).

SDG 7 Affordable and Clean Energy

Goal 7 is about ensuring access to clean and affordable energy, which is key to the development of agriculture, business, communications, education, healthcare and transportation. The lack of access to energy hinders economic and human development.

Net Zero

Net zero refers to balancing the amount of greenhouse gases (GHGs) emitted into the atmosphere and the amount removed.

Intergovernmental Panel on Climate Change

The Intergovernmental Panel on Climate Change (IPCC) is a United Nations body that was established in 1988. Its mandate is to provide policymakers with objective, scientific information on climate change, its impacts, and possible adaptation and mitigation options.

International Energy Agency

The International Energy Agency (IEA) is an intergovernmental organization that was established in 1974 to promote reliable, affordable, and clean energy for its member countries and the world.