TCFD Recommendations Index

Governance

Recommendations

Supporting Recommended Disclosures

Reference to the Related Section of the Sustainability Report 2020 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)
Climate Strategy
Sustainability Governance
Enterprise-Wide Risk Management

b) Describe management’s role in assessing and managing climate-related risks and opportunities.

CDP: (C2.2)
Sustainability Governance
Enterprise-Wide Risk Management
Climate-Related Risks and Opportunities

Strategy

Recommendations

Supporting Recommended Disclosures

Reference to the Related Section of the Sustainability Report 2020 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: (C2.1a)
CDP: (C2.3a)
CDP: (C2.4a)
Mapping Our Sustainability Risks
Climate-Related Risks and Opportunities
Business Resilience

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

CDP: (C2.3a)
CDP: (C2.4a)
CDP: (C3.1d)
CDP: (C3.1e)
Climate-Related Risks and Opportunities
Business Resilience
GHG Emissions from Operations
GHG Emissions from the Product Portfolio
Mapping Our Sustainability Risks
Climate Strategy

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)
CDP: (C3.1e)
Mapping Our Sustainability Risks
Business Resilience

Risk Management

Recommendations

Supporting Recommended Disclosures

Reference to the Related Section of the Sustainability Report 2020 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: (C2.2)
Mapping Our Sustainability Risks
Enterprise-Wide Risk Management
Climate-Related Risks and Opportunities

b) Describe the organization’s processes for managing climate-related risks.

CDP: (C2.2)
CDP: (C2.2a)
Sustainability Governance
Enterprise-Wide Risk Management

c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.

CDP: (C2.2)
Mapping Our Sustainability Risks
Enterprise-Wide Risk Management
Climate-Related Risks and Opportunities

Metrics and Targets

Recommendations

Supporting Recommended Disclosures

Reference to the Related Section of the Sustainability Report 2020 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)
CDP: (C2.3)
CDP: (C2.4)
CDP: (C11.3a)
Sustainability Governance
Business Resilience

b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.

CDP: (C6.1)
CDP: (C6.2)
CDP: (C6.3)
GHG Emissions from Operations
GHG Emissions from the Product Portfolio
Environmental Data

c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.

CDP: (C4.1b)
Climate Strategy
GHG Emissions from Operations
GHG Emissions from the Product Portfolio
Flaring, Venting, and Fugitive Emissions

Specific Energy Group Metrics for the Oil and Gas Sector

Expenditures (OPEX) for low-carbon alternatives (e.g., R&D, equipment, products, or services)

Innovation

Proportion of capital allocation to long-lived assets versus shortterm assets

Business Resilience

Percent water withdrawn in regions with high or extremely high baseline water stress

Water
Environmental Data

Investment (CAPEX) in low-carbon alternatives (e.g., capital equipment or assets)

CDP: (C-OG9.6a)
Sustainability Strategy
Innovation