TCFD Recommendations Index
Governance
Recommendations |
Supporting Recommended Disclosures |
Reference to the Related Section of the Sustainability Report 2020 and to the CDP Questionnaire |
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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: (C2.2) |
Strategy
Recommendations |
Supporting Recommended Disclosures |
Reference to the Related Section of the Sustainability Report 2020 and to the CDP Questionnaire |
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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: (C2.1a) |
b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. |
CDP: (C2.3a) |
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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: (C3.1d) |
Risk Management
Recommendations |
Supporting Recommended Disclosures |
Reference to the Related Section of the Sustainability Report 2020 and to the CDP Questionnaire |
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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: (C2.2) |
b) Describe the organization’s processes for managing climate-related risks. |
CDP: (C2.2) |
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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. |
CDP: (C2.2) |
Metrics and Targets
Recommendations |
Supporting Recommended Disclosures |
Reference to the Related Section of the Sustainability Report 2020 and to the CDP Questionnaire |
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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. |
CDP: (C6.1) |
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c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. |
CDP: (C4.1b) |
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Specific Energy Group Metrics for the Oil and Gas Sector |
Expenditures (OPEX) for low-carbon alternatives (e.g., R&D, equipment, products, or services) |
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Proportion of capital allocation to long-lived assets versus shortterm assets |
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Percent water withdrawn in regions with high or extremely high baseline water stress |
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Investment (CAPEX) in low-carbon alternatives (e.g., capital equipment or assets) |
CDP: (C-OG9.6a) |