Governance Financial Statements
Strategic Report
53
Information on the Group’s greenhouse gas emissions, energy consumption and efficiency during 2024 are also included in the Sustainability TCFD section on pages 40 to 42. In preparing the TCFD disclosures, the Group has considered the guidance for all sectors and supplemental guidance for insurance companies within the TCFD Annex “Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures.”
In accordance with Listing Rule 6.6.6R(8), climate- related financial disclosures consistent with the Task Force on Climate-related Financial Disclosures (“TCFD”) recommendations and recommended disclosures are contained in the Sustainability TCFD section on pages 40 to 52 and in the Risk Management section on pages 65 to 67.
TCFD Pillars
Recommended Disclosures
Disclosure location Page 44 Pages 94-99 Pages 104-107 Page 44 Pages 60-63 Pages 45-50
Governance: Disclose the organisation’s governance around climate-related issues and opportunities
a. Describe the Board’s oversight of climate-related risks and opportunities.
b. Describe management’s role in assessing and managing climate-related risks and opportunities.
Strategy: Disclose the actual and potential impacts of climate-related risks and opportunities on the organisation’s business, strategy and financial planning where such information is material.
a. Describe the climate-related risks and opportunities the organisation has identified over the short, medium, and long-term. b. Describe the impact of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning. c. Describe the resilience of the organisation’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. a. Describe the organisation’s processes for identifying and assessing climate-related risks. b. Describe the organisation’s processes for managing climate-related risks. c. Describe how processes for identifying, assessing, and managing climate related risks are integrated into the organisation’s overall risk management. a. Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process. b. Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas emissions (GHG), and the related risks. c. Describe the targets used by the organisation to manage climate-related risks and opportunities and performance against targets.
Pages 45-51
Pages 45-52
Risk management: Disclose how the organisation identifies, assesses and manages climate-related risks.
Pages 47-48
Pages 45, 49 and 52 Pages 45, and 65-67
Metrics and targets: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.
Pages 47, 48, 50 and 51
Pages 40-42 and 51
Pages 40-43
Powered by FlippingBook