TCFD Recommendations Index
This TCFD Recommendations Index lists references to the publicly available information in the Sustainability Report 2019 and CDP Questionnaire that is consistent, fully or partially, with the recommendations for reporting of climate-related financial disclosures. The classification of the Recommendations and Supporting Recommended Disclosures are based on the documents “Recommendations of the Task Force on Climate-related Financial Disclosures” and “Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures: Supplemental Guidance for Non-Financial Groups”, June 2017.
Governance
Recommendations |
Supporting Recommended Disclosures |
Reference to the related section of the Sustainability Report 2019 and to the CDP questionnaire |
|---|---|---|
Disclose the organization’s governance around climate-related risks and opportunities. |
a) Describe the board’s oversight of climate-related risks and opportunities. |
CDP: (C1.2a) |
b) Describe management’s role in assessing and managing climate-related risks and opportunities. |
CDP: (C2.2b) |
Strategy
Recommendations |
Supporting Recommended Disclosures |
Reference to the related section of the Sustainability Report 2019 and to the CDP questionnaire |
|---|---|---|
Disclose 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. |
CDP: (C2.1) |
b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. |
CDP: (C2.5) |
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c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. |
CDP: (C2.5) |
Risk management
Recommendations |
Supporting Recommended Disclosures |
Reference to the related section of the Sustainability Report 2019 and to the CDP questionnaire |
|---|---|---|
Disclose how the organization identifies, assesses, and manages climate-related risks. |
a) Describe the organization’s processes for identifying and assessing climate-related risks. |
CDP: (C2.2b) |
b) Describe the organization’s processes for managing climate-related risks. |
CDP: (C2.2b) |
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c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management. |
Mapping our sustainability risks |
Metrics and targets
Recommendations |
Supporting Recommended Disclosures |
Reference to the related section of the Sustainability Report 2019 and to the CDP questionnaire |
|---|---|---|
Disclose 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. |
CDP: (C1.3a) |
b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. |
IIndirect GHG emissions from electricity and heat |
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c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. |
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Specific Energy Group Metrics for the Oil and Gas Sector |
Expenditures (OpEx) for lowcarbon alternatives (e.g., R&D, equipment, products, or services) |
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Proportion of capital allocation to long-lived assets versus shortterm assets |
Climate-related business resilience and the energy transition |
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Percent water withdrawn in regions with high or extremely high baseline water stress |
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Investment (CapEx) in lowcarbon alternatives (e.g., capital equipment or assets) |