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ANZ has defined three key elements that constitute a robust low-carbon transition plan for our customers regarding their level of governance, targets / long term plans and disclosures that are preferably TCFD-aligned3. | 2strategy |
Employee training While it is always necessary to have employees specialised in climate-related issues in charge of coordinating efforts, it is also important for all em- ployees to incorporate climate-related risks and op- portunities in the work they do each and every day. | 2strategy |
In terms of thermal coal, the Group has set an exit deadline, in line with the SDS (Sustainable Develop- ment Scenario) scenario of the International Ener- gy Agency (IEA), compatible with the climate goals of the Paris Agreement: In 2019 and in 2020, the Group strengthened its position on coal, announ- cing its plan t... | 1metrics |
Global warming was ranked in the Top 3 concerns of survey participants in each of these countries, sen- ding a strong signal of what civil society expects from the Group in terms of its contribution to the energy transition and decarboni- sation of the economy. | 2strategy |
Societe Generale's strategy is set to be reviewed in 2020. By then, the Group is considering taking more ambitious engagements, which are likely to be informed by 2 C scenario. announce-the-acquisition-of-Lumo-the-pioneering-renewable-energy-crowdfunding-platform 15 Only the corporate credit portfolio has been evaluate... | 2strategy |
Since the Fund is a small organisation, where several senior executives are directly involved in climate work, the executive management is judged to have a good knowledge of the work that is taking place. Thus, the Fund has god opportunities to assess and manage cli- mate-related risks and opportunities. | 4governance |
Opportunities. The adherence to these voluntary commitments provides us with references to integrate environmental, social and corporate governance issues into investment practices for the purpose of mitigating risks and identifying opportunities for our clients. | 2strategy |
As part of this process of transforming society as a whole Deutsche Borse Group is engaged in a continuous exchange with internal and external stakeholders on sustainability, climate action and sustainable finance. It sees this not only as part of its strategic approach but also as managing climate-related opportunitie... | 2strategy |
Scenario analysis is an emerging industry practice. TD is dedicated to undertaking the process thoughtfully to gain valuable insight into our overall business strategy. As such, we have embarked on a multi-year journey to conduct climate scenario analysis, using new methods, data and tools. In this report, we outline o... | 3risk |
Building on this, we took steps in 2019 to perform an eco- nomic analysis and engage with stakeholders in the Pearl River Delta in China, which was established as a hot spot. Maersk will finalise this analysis and report on it in 2020. | 0none |
4. We strictly comply with environment-related laws and regulations. 5. We practice the highest level of information disclosure related to the Group's environmental activities and consistently improve our efforts to contribute to environmental preservation by communicating with our staff as well as the third parties. | 2strategy |
ANZ acknowledges stakeholder interest in banks' exposure to the transition risks faced by some customers in the energy sector, including the potential risk of 'stranded assets' in the transition to a net zero economy. | 2strategy |
We have reduced carbonrelated assets on our balance sheet to 0.8% or USD 1.9 billion as of 31 December 2019, down from 1.6% at the end of 2018 and 2.8% at the end of 2017. | 1metrics |
Not surprisingly, the analysis (summarised in the table below) uncovered disparities between the nine sectors reviewed. The semi-conductor, tech and di- gital equipment, and pharmaceutical sectors had the highest exposure: the first two due to the depen- dence of their value chains on components made in countries (pred... | 3risk |
Compared to other forms of power generation, coal-fired power generation produces more greenhouse gases, in addition to producing harmful substances such as sulfur oxide and nitrogen oxide. Therefore, it presents a higher risk of contributing to climate change, air pollution, and other environmental impacts. | 2strategy |
In addition, our NGESO published an update to their operability strategy showing the milestones to deliver zero carbon operation of the Great Britain Transmission network by 2025. See page 39. | 2strategy |
As a first step towards performing a proper scenario analysis, UniCredit is partnering with the global think tank 2 Investment Initiative (2 ii) in road-testing their Paris Agreement Capital Transition Assessment (PACTA) methodology in a pool of 17 international banks. Originally developed to assess the exposure of bot... | 3risk |
BBVA seeks to publish environmental information on its strategy and impact management measures, so that external agents which interact with the Bank (analysts, investors, rating agencies, etc.) are able to internalize BBVA's current approach to these matters and the path it will take in the coming years. | 2strategy |
Regulatory developments on biofuels, including the new directive on renewable energies (RED II which will come into force as from 2021), will define the feedstocks that can be used for production, progressively privileging those that are not in competition with the food supply chain and those able to guarantee levels o... | 2strategy |
4.2.9 It is acknowledged that most AIs are at the stage of formulating their approaches to measuring exposures to climate risks. As such, the consideration of climate risks in the RAS may be qualitative in the initial stage. The RAS should however be regularly reviewed and enhanced, in the light of the evolving impacts... | 3risk |
We are planning to further define targets and limits so as to ensure that ABN AMRO's vulnerability to climate risks in both the short and longer term remains in line with a moderate risk profile. | 3risk |
Reducing Carbon dioxide Emissions in Production Activities In 2019, Toyota's plant manufacturing departments worked with production engineering and drive force departments to conduct energy diagnoses at production sites, propose improvements and implement measures. | 2strategy |
Projects for 2019 include: - Smart intelligent Uninterruptible Power Supply controls upgrade helps to reduce UPS power consumption and building electricity usage. - Continued improvement in data center energy efficiency by reducing unnecessary energy consumption associated with unused server equipment - Lighting upgrad... | 2strategy |
Replacing the clinker in our final cement products with alternative mineral components such as pozzolan, slag or fly ash reduces the carbon intensity of the cement. A significant portion of these constituents come from waste or byproducts recovered from other industries. Currently, our products use an average of 28 per... | 2strategy |
As such, BlackRock's exposure to climate-related risk is primarily indirect, with the potential to affect future revenues and expenses. Exhibits 6 and 7 provide a list of key climate-related opportunities and risks that BlackRock has identified.36 | 2strategy |
Joint article in Nature Climate Change on the climate change challenges for central banks and financial regulators, published in May 2018. This article presents the key controversies in central banks' and regulators' response to climate change, and potential areas for future research and policy; | 3risk |
La Poste SA's trajectory was SBTi-certified in 2019. It aims to achieve an overall objective of a 30% reduction in Scope 1, 2 and 3 emissions by 2025(1) compatible with the 2 C scenario of the Paris Agreement. This can be broken down into two sub-objectives: | 1metrics |
In terms of thermal coal, the Group has set an exit deadline, in line with the SDS (Sustainable Develop- ment Scenario) scenario of the International Ener- gy Agency (IEA), compatible with the climate goals of the Paris Agreement: In 2019 and in 2020, the Group strengthened its position on coal, announ- cing its plan t... | 2strategy |
Additional Australian context was also provided for these scenarios, using the Commonwealth Scientific and Industrial Research Organisation's (CSIRO) Australian National Outlook (ANO) scenarios, and the Australian Energy Market Operator's (AEMO) 2019 forecasting and planning scenarios. Three scenarios were developed ba... | 3risk |
When publishing its supervisory expectations, the PRA acknowledged that firms still face barriers to implementing the forward-looking, strategic approach necessary to minimise the risks. To reduce these barriers, in March 2019, the PRA together with the Financial Conduct Authority (FCA) set up the Climate | 3risk |
At the global level, in 2018 an agreement was reached within the IMO (International Maritime Organization) on the adoption of an initial strategy to reduce greenhouse gas emissions from the shipping sector. | 2strategy |
In North America, the resource sector is a very important contributor to the economy but also a source of carbon emissions. We expect the resource sector will be an important contributor to addressing environmental challenges including climate change globally. Addressing these challenges will require a balanced approac... | 2strategy |
Investment Management Investment Management operates in the strong belief that Environmental, Social, and Governance factors- including climate change-influence risk, return and opportunity. Investment Management teams strive to incorporate Environmental, Social, and Governance in their investment process, including co... | 3risk |
We are developing an operational carbon accounting data infrastructure: a prototype that calculates carbon intensities and footprints across a variety of metrics (see metrics section for more details). The calculations are based on emissions data of scope 1 and 2, and selected scope 3 data. | 3risk |
Mitigating the impact of our operations 'Mitigation is a key component of a process, it is essential to achieve a healthy environmental plan' (USAID) Investing in internal projects We share the vision that there is no management without measurement. | 2strategy |
E M P L O Y E E E N G A G E M E N T AT PSEG, WE RECOGNIZE that our full workforce must rise to the challenge climate change presents. | 2strategy |
(CBI), the Association for Financial Markets in Europe (AFME) and the Institute of International Finance (IIF). On a senior level, we chair the UK Government's Global Resource Initiative and are members of the UK Finance Sustainable Finance Committee and the CBI Energy and Climate Change Board. | 4governance |
In the outlook we produced using the projections in the IEA's SDS, while overall power generation in Japan will remain more or less constant through 2050, thermal power generation will fall by approximately 90%, and restarted nuclear power generation and renewable energy will make up the gap. | 1metrics |
Furthermore, within the Business Lines there are specific functions and units responsible for achiev- ing what is stated in the strategy. For example, in the R&M Business, there is the Bio development, Sustainable mobility & Circular Economy (BSCE) unit, in the Chemicals business (Versalis) there is the Circular Econom... | 4governance |
The analysis can be used to identify companies that need to be placed on the watchlist, in which case their climate strategies are carefully observed during the next several non-financial performance assessment campaigns. | 3risk |
At present, about half of Eni's direct Greenhouse gas emissions are subject to the European Emission Trading Scheme (ETS) regulations which provide for charges for purchase of emissions certificates on the open market, after exceeding the free assignment limit of shares established according to the regulations. | 2strategy |
Its purpose is to identify strategic Environmental, Social, and Governance opportunities, Environmental, Social, and Governance Products Business Ethics Risk Compliance & Crisis Management Information Security Our Material Environmental, Social, and Governance Factors Environmental Management Board Diversity Board Gove... | 4governance |
Wealth Management Wealth Management's long-standing Investing with Impact platform (IIP) offers retail investors more than 130 products and strategies across thematic issues, including climate change. A 2018 internal survey of third-party managers on the platform found that over half of IIP strategies aligned with at l... | 2strategy |
As of November 2020, 100% of active portfolios and advisory strategies have met this goal, and as of December 2020 all Environmental, Social, and Governance integration statements for actively managed publicly offered funds are published directly on the relevant product pages. These statements are relevant for all acti... | 1metrics |
SEPTEMBER 2020 BBVA launched a basic course on sustainability addressed to the more than 125,000 employees of the Group around the world. This course focuses on environmental risks and includes specific content on the fight against climate change, on BBVA's direct and indirect impacts. | 3risk |
Awareness campaigns: As in previous years, BBVA joined the 'Earth Hour' initiative, during which 114 buildings and 183 Bank branches in 113 cities in Spain, Portugal, Mexico, Colombia, Argentina, Turkey, Peru, Uruguay and the United States turned off their lights to support the fight against climate change. In addition... | 2strategy |
In order to help FRM understand which risks may have substantive or strategic impact, Morgan Stanley is also conducting focused stress tests on concentrated physical and transition risk vulnerabilities as well as a broader scenario analysis. The findings will help our leadership refine our strategy and risk management ... | 3risk |
Principle 4 - Implementation Organisational structures, business policies, processes and resources availability should be reviewed and enhanced to ensure effective integration of climate strategy into the operation and corporate development of an AI. | 2strategy |
The cooperation with CICERO has also helped provide us with an overview of climate-related risks and opportunities in some of the industries we lend to. This is combined with our own analyses. The analysis is at the double-digit NACE code level. b) Describe manage- ment's role in assessing and managing climate- related... | 3risk |
Our analysis tells us that, among other things, an RCP 2.6 scenario results in a high risk in our loan portfolio due to high restructuring risk in our industries. RCP 6 results in an especi- ally high risk in the agriculture sector due to physical climate change. c) Describe how processes for identifying, assessing, an... | 2strategy |
Covers almost all chemical products. This is complex to estimate, since many chemicals have multiple applications, and the details of processing and conversion of chemicals by customers is not always known. Efforts will be considered to quantify these emissions for future reporting. Where customers request focused enga... | 2strategy |
We have undertaken an analysis of the impact to our business model of transitional scenarios where decarbonisation goals are, or are not, met. The details of this are presented in the scenarios section of this disclosure. | 3risk |
For more information regarding the identification, analysis and management of risks at Iberdrola, see the following public documents, available on its website: - Section 'E' of the Annual Corporate Governance Report for financial year 2019. - The 'Principal risks and uncertainties' section of the Consolidated Managemen... | 3risk |
8.2 Generation Portfolio Metrics AGL has heavily invested and continues to invest in renewable energy generation. In the past decade AGL has increased its renewable energy generation fourfold to over 4.4 TWh. AGL's percentage of generation from renewables has also grown over this period. Table 15 below outlines the cha... | 1metrics |
Using a more narrow application of climate-related scenarios to inform Prudential's efforts to mitigate its environmental impact, the company initiated a high-level analysis of science- based target setting methods to inform an update to its Global Environmental Commitment. | 3risk |
In July 2020, BlackRock provided comments to the Department of Labor's proposed rule on 'Financial Factors in Selecting Plan Investments' (the 'DoL Proposal') highlighting our concern that the DoL Proposal could interfere with plan fiduciaries' abilities and willingness to consider financially material Environmental, S... | 2strategy |
Strategy. We assessed the risks and opportunities we may face in 2030 under two climate scenarios; a 'Pessimistic' scenario and an 'Optimistic' scenario. The 'Pessimistic' scenario is where the world fails to address climate change, leading to global temperatures continuing to rise well above 2 degrees. This scenario a... | 2strategy |
Impacts on societe generale's financial planning 3.5.1 Operating costs and revenues The deployment of climate-related product and services, investment in research and development as well as operational changes has led to changes in revenue and operational costs for Societe Generale, although we expect these changes are... | 2strategy |
The estimated associated emissions amounted to 780,000 Tonnes of carbon dioxide equivalent e. We do not believe these figures will have changed significantly since then, but we will regularly review them as part of our climate change strategy. | 1metrics |
2. Sustainable growth portfolio provides positive optionality - Under a 2 C scenario, a sustainable growth portfolio has stronger returns. We believe that this indicates investment returns will be best served through inclusion in the portfolio of a component of sustainable investments, particularly within equities, inf... | 2strategy |
Investec Limited banking book South Africa is significantly dependent on coal for its energy requirements, which makes it challenging to find a balance between the need for increasing energy access and economic growth in the country, and the urgency to reduce carbon emissions. The mix of our energy portfolio in South A... | 2strategy |
As the examples show, energy labels are a common way of qualitatively or quantitatively describing the transition risk for residential real estate. It is therefore important to note that the current availability and accuracy of energy label information is limited. Energy labels are not publicly disclosed in all countri... | 3risk |
In 2020, sustainability factors have been incorporated as one of the dimensions of the analysis in the Operating Frameworks of Autos, Energy, Utilities, Steel and Cement. All these sectors are included in the taxonomy as transition risk-sensitive. | 3risk |
AP2 follows up these decisions every two years with an analysis of whether additional companies are to be divested or whether companies should be re-included as they are no longer considered to have a significant financial climate risk. | 3risk |
Business risks and opportunities related to climate change are identified through an analysis of the sector and emerging trends, the study of market drivers and the identification of customer requirements. In terms of opportunities, Leonardo is mainly involved in the development of technologies for products and service... | 2strategy |
The AIETI will focus on ve supply chains critical to achieving the Paris Agreement temperature goals ('well-below two degrees Celsius and striving for 1.5 degrees Celsius') given their signicance to global emissions and their relatively higher abatement costs. | 3risk |
Sydney Airport's contribution to climate change solutions will also present new opportunities. These include: - Supporting the move to a carbon-constrained world by working with airline partners to provide infrastructure to support further electrification and low emission fuels - Integrating climate adaptation opportun... | 2strategy |
No significant financial risk on our balance sheet identified in past stress tests. A group of 16 banks, including UBS, and United Nations Environment Programme FI have partnered to refine methodologies for risk and opportunities. | 3risk |
We can engage on our own (via our own funds) and also together with other investors. Joint engagements are for example done via our active membership of the IIGCC (Institutional Investor Group on Climate Change) and the Principles for Responsible Investment. Kempen is also part of an international engagement initiative... | 4governance |
The Trustee has a preference for engagement, rather than exclusion, as a method in encouraging greater disclosures and practices with regard to climate-related risks. Two examples of such engagements are: | 3risk |
Greenhouse gas Mitigation Measures Our five year Greenhouse gas mitigation plan consists of three key elements - Energy Efficiency (Reduce), Renewable Energy (RE) Purchase (Replace) and Travel Substitution (Reduce and Replace); of this, RE procurement will contribute the maximum, 80% share to Greenhouse gas emission mi... | 2strategy |
We have updated our external sector statements to include positions on six new sectors including manufacturing, automotive, agriculture, animal welfare, fisheries and UNESCO World Heritage Sites. This is in addition to the existing statements on power, coal, mining, oil and gas, forestry and defence. www.lloydsbankingg... | 2strategy |
STOREBRAND'S USE Task Force on Climate-related Financial Disclosures Alignment and Current Use Storebrand will mainly use consistent and comparable risk metrics and values information that shows how climate-related risks are considered, compared with other areas of risk management. | 3risk |
Estimations of nanced emissions indicate the indirect impact the Group could have on achieving environmental outcomes in the real economy as a result of the Group's nancing activities and highlights the crucial role nancing can play in achieving environmental outcomes. | 1metrics |
Prime services, through our globally integrated platform, offers hedge funds and institutional clients execution, financing, cus- tody, clearing and risk advisory services across various asset classes through prime brokerage, synthetic financing and listed and OTC derivatives. In addition, we partner with the most esta... | 0none |
The asset management industry is also expected to resume its growth trend assuming an effective containment of the COVID- 19 pandemic, with positive support from increasing global wealth. At the same time, asset managers face a number of challenges, including regulatory complexities and revenue and margin com- pression... | 0none |
Central banks and other bank regulators, financial services agen- cies, securities agencies and exchanges and self-regulatory orga- nizations are among the regulatory authorities that oversee our businesses. There is coordination among many of our regulators, in particular among our primary regulators in Switzerland, t... | 0none |
We continually manage the impact of funding spreads through careful management of our liability mix and opportunistic issu- ance of debt. The effect of funding spreads on interest expense depends on many factors, including market conditions, product type and the absolute level of the indices on which our funding is bas... | 0none |
The global economic system as we know it is undergoing transformation. This is also affecting agriculture. Globalization and digitalization have become key issues in the industry, alongside agricultural developments. The spread of protection- ism and disruptive policy are posing challenges to CLAAS, which over t... | 0none |
Net sales in Germany totaled €805.5 million (prior year: €800.6 million). The slight rise in sales was predominantly due to service and parts business and sales of used machinery. In addition, sales of forage harvesting machines and telehandlers also rose year on year. | 0none |
Against this backdrop we saw sales decrease by 2% to $27.6 billion (2019: $28.1 billion) reflecting lower volumes in our materials businesses in certain European and North American markets as public health restrictions resulted in reduced construction activity. This was partially offset by increased sales in our Buildi... | 0none |
For the purposes of determining the number of shares held by the executive Directors, the relevant calculation will include shares beneficially owned by the executive Directors, annual bonus awards which are deferred into shares for three years and PSP awards that have met the performance criteria but are subject to a ... | 0none |
A special resolution will be proposed at the 2021 AGM to renew the authority of the Company, or any of its subsidiaries, to purchase up to 10% of the Company’s Ordinary Shares in issue at the date of the AGM. | 0none |
As mentioned above, CRH's financial and business performance was robust in 2020 in spite of the unprecedented challenges that were faced during the year, and which persist into 2021. Taking this performance into account, as well as the experience of our stakeholders and the value delivered for shareholders, the Committ... | 0none |
Porsche achieves sustainable growth in 2020 financial year Porsche AG set a new revenue record in the 2020 financial year: its value grew to 28.7 billion euros, surpassing the previous year’s figure by more than 100 million euros. | 0none |
2020 was a record-breaking year for us: For the first time ever, we broke the 100-billion-euro revenue barrier. The additional revenue from the business combination with Sprint in the United States was a decisive factor. But we are also growing organically on both sides of the Atlantic – even given the difficult market... | 0none |
After a strong year in 2019, Beiersdorf’s shares held up well in the first half of 2020 amid an unusually volatile market environment. This was thanks to their defensive nature. The losses of over 20% at the peak of the coronavirus crisis were moderate by comparison with the wider market. During the second half of the ... | 0none |
The Company’s operating environment has continued to trans- form over the years, and our accounting and finance department predecessors navigated these changes by building foundations for financial and capital strategies that remain viable even today. Komatsu’s resilience to maintain a certain performance in the curren... | 0none |
In light of the massive changes seen in the operating environ- ment, the group revised its material issues for the first time in a decade to clarify the priorities it should emphasize in pursuing sustainable growth over the next century. | 0none |
Komatsu has not established numerical targets for growth, profitabil- ity, and financial position in its mid-term management plan. We had set such targets in the past. However, demand is incredibly volatile in our business; in the mining equipment business, for example, demand can fluctuate by nearly 30%. As a result, ... | 0none |
Emissions of CH4, which account for approximately 22.2% of our carbon footprint (Scopes 1 and 2), are mainly due to fugitive emissions (15.3%) and natural gas venting (6.9%). Venting may occur as a result of operation and maintenance, operating safety, pneumatic valves and analysis equipment (chromatographs, etc.) | 1metrics |
Alibaba has a unique corporate culture. Over the years, Alibaba has remained true to being a people-centric organization that encourages innovation. We believe that only a caring organization can do great things. And the best way to attract the right talent is by continuously developing new business runways and fosteri... | 0none |
Our ability to offer and deliver value has driven increased consumer engagement over time. Generally, the longer consumers have been with us, the more orders they tend to place across a more diverse range of product categories. In fiscal year 2021, annual average GMV per consumer on our China retail marketplaces reache... | 0none |
Alibaba Cloud’s unique advantages lie in its proprietary technology and Alibaba Group’s continued commitment to invest in research and development in new product offerings and industry-specific solutions for our customers and partners. Alibaba Cloud served approximately 4 million paying customers across a wide range of... | 0none |
Throughout the year we saw strong business momentum in mortgages, resulting in higher market shares in all four Nordic countries compared with last year. We also launched several digi- tal services to improve customer experi- ence. For example, we launched a digi- tal mortgage loan promise in Denmark and Norway. In Den... | 0none |
Risks and uncertainties Within the framework of its normal business operations, Nordea faces various risks and uncertainties. Maintaining risk awareness in the organisation is engrained in Nordea’s busi- ness strategies. Nordea has defined clear risk and liquidity management frameworks including policies and instructio... | 0none |
Own funds Own funds are the sum of Tier 1 and Tier 2 capital. Tier 1 capi- tal consists of both Common Equity Tier 1 (CET1) and Addi- tional Tier 1 capital. CET1 capital is considered to be capital of the highest quality with ultimate loss-absorbance characteris- tics and consists predominately of paid-in capital and r... | 0none |
Continued performance evaluation With the objective of promoting constant evolution at Vale, every year, the Board of Directors conducts a performance evaluation with the support of the People, Remuneration and Governance Committee. Based on the result, they create the development plan for the agency and its members. | 0none |
Life matters most is one of our values. The obsession with safety and risk management, one of our key behaviours. Vale's entire health, safety and risk strategy considers that every accident can be avoided. The constant search to identify and control risks is an integral part of our routine, and its main objective is t... | 0none |
In 2020, approximately 7,900 of our own employees undertook training in human rights, totaling more than 8,800 hours. Since 2017, this number has reached more than 26 thousand hours of training. | 0none |
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