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The alignment degree of an asset or client is calculated using a specific indicator for each activity. In some sectors the indicator focuses on measuring technology substitution (for example, the generation mix in the power generation sector), while in other industries, without a mature technological alternative, the i...
1metrics
Asset owners should describe how they consider the positioning of their portfolio with respect to the transition to a lower carbon energy supply production and use. This could include explaining how asset owners actively manage their portfolio's positioning relative to this transition.
2strategy
With this in mind, the Resona Group helps its individual and SME customers, first to expand their knowledge of social issues, including climate change, and then encouraging them to join efforts to resolve such issues. The Group also helps customers identify latent related issues in order to resolve their anxiety about ...
2strategy
Maersk's proactive engagement with customers, inves- tors and lenders in relation to framework conditions for shipping is also part of managing the risk of encountering first mover disadvantages. New net-zero fuels will likely be more expensive than the current fuels, so for Maersk's vision of commercially viable net-z...
3risk
The attribution of the portion of annual variable pay tied to Corporate Social Responsibility criteria is based on a multi-criteria measurement founded on a holistic approach to the environmental, civic and social external initiatives undertaken by BNP Paribas.
4governance
Capital Dynamics is a global private asset manager headquartered in Zug, Switzerland. Our history dates back to 19882 and we currently oversee more than USD 16 billion in assets under management and advisement3 across our private equity, private credit and clean energy infrastructure platforms.
2strategy
Policy For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that fores...
2strategy
Arctic Oil and Gas Arctic oil and gas refers to new exploration and extraction of oil and gas in the area within the Arctic Circle which is subject to sea ice, and includes the Arctic National Wildlife Refuge (ANWR) and the Coastal Plains2 .
2strategy
However, based on the best available knowledge, Iberdrola's strong adaptive ability can be affirmed, which is due to, among other factors, the strong diversification of assets, proven capacity and experience over the years, and the consideration of climate change as a manageable risk, which means that new investments a...
2strategy
Of the 28 trade associations assessed, 25 are aligned with Eni position on climate policies, two (Methanol Institute and National Biodiesel Board) are partially aligned and one (American Fuel and Petrochemical Manufacturers) is not aligned.
4governance
Thermal coal has been excluded from this analysis, given that MC sold all of its thermal coal interests as the result of a review conducted from the perspective of strengthening its business portfolio.
2strategy
Shale oil and shale gas During shale oil and shale gas development, the use of hydraulic fracturing methods is assumed to cause groundwater contamination and induce earthquakes.Whether appropriate mitigation measures have been implemented for these issues is carefullymonitored, and environmental and social risk assessm...
2strategy
Air Pollution Measures: Expanded Verification Tests in California Freight trucks currently operate in coastal areas of the United States, releasing significant amount of carcinogens, diesel particulate matters (DPM) and other pollutants and causing serious problems for communities in the vicinity of the Port of Long Be...
2strategy
Origin has a robust risk-based inspection and infrastructure integrity program that is designed to manage venting and minimise leaks. It includes an annual maintenance program for wellheads and surface facilities, and testing of pipework and vessels. We continue to focus on our gas monitoring program, aiming to reduce ...
3risk
5.1.6 Commitment to monitor emissions from shipping finance Societe Generale is one of the founding signatories to the Poseidon Principles in collaboration with the Global Maritime Forum, and in league with a significant number of the shipping industry's leading banks.
4governance
Weather-related catastrophes: insured vs uninsured losses There is a substantial protection gap between total economic losses from weather-related catastrophes and insured losses in all regions. This data does not represent a company-specific metric but is an important overall risk indicator (see upper right table on p...
1metrics
Investec group including Investec Asset Management (now Ninety One) Includes permanent and temporary employees Addressing climate change risks within our business (ESG risks) Investec supports international best practice regarding the responsibilities of the financial sector in financing and investing transactions.
2strategy
The tool does this by tracking the generation technology capacity mix for the power companies that we lend to, as well as for forecasts of the change in that mix at those companies over the near-term.
3risk
Shimizu launched the company-wide, cross-organizational Task Force on Climate-related Financial Disclosures Working Group to extract and categorize the risks and oppor- tunities presented by these transitions and physical changes as impacts on each level: procurement, direct operations, and product demand.
4governance
Why is strong governance important to how we manage environmental risks and opportunities? Bharat: Anchored in our purpose to enrich the lives of our customers, communities and colleagues, strong governance is the cornerstone of long-term responsible growth.
4governance
Percentage of 'Ultra Supercritical, GCC' in Existing Coal-Fired Thermal Power Plants Approximately 60% of existing loan balances for coalfired thermal power plants are highly-efficient, ultra-supercritical power plants or gas-turbine combined-cycle (GCC) power plants, which emit relatively less Carbon dioxide than conv...
1metrics
RUSAL's carbon footprint is one of the lowest in the world, owing to the Company's long-term strategy of fostering a responsible attitude towards climate change. The Company plans to continue work in this area, primarily by increasing the share of products with a minimum carbon footprint in our portfolio. This is the f...
1metrics
In the event that we identify any unlawful act during the term of a transaction, we urge the client to take immediate remedial measures. In the event that the client has not taken appropriate measures to address social issues, we undertake engagement with the client to promote remedial measures and, if the client's rem...
0none
Barclays recognises that MTR in the Appalachian region of the USA is a legal mining method, overseen by a robust regulatory framework. MTR has also, however, been subject to intense political, judicial and regulatory debate over the last decade, due to its negative environmental and social impacts on one hand, and posi...
2strategy
The carbon footprint of the hour of a digital branch manager is 26% lower than that of the physical branch due to their increased service capacity. This shows an efficiency gain in terms of Greenhouse gas emissions by the digital branches.
1metrics
For an airline, fuel right-sizing can largely be seen as a capital allocation strategy. We have a consistent strategy of investing in fuel-saving new airframes and engines, which are the largest factors in fuel consumption. In 2018, we made two major announcements related to fuel burn: A220s and New Engine Options. Mor...
2strategy
The eight companies that were divested from June 2018 are shown in appendix C. This is an ongoing process as companies divested from the fund could be repurchased if they improve, and other companies divested if they do not deliver on their sustainability plans.
2strategy
MN has various units of measurement and objectives that relate to climate risks and opportunities, and reports on these in regular reports.Units of measurement used MN maps out climate risks and opportunities in the portfolios using the units of measurement below.
1metrics
Energy efficiency Cement production is an energy-intensive process. Energy costs and security of supply are key business drivers. Improving our energy efficiency reduces the carbon intensity of our products and lowers our production costs.
2strategy
Since its approval in 1996, PSEG has adhered to a corporate EHS policy, which reflects the principles according to which PSEG operates in eight areas: - Associate health and safety - Nuclear safety - Climate change - Pollution prevention and resource conservation - Environmental compliance - Risk reduction - Open commu...
2strategy
As a result, the following training has been carried out: BBVA'S SUSTAINABILITY STANDARDS COURSE with corporate relationship managers AD-HOC TRAINING for employees of the business segments Sustainability training at BBVA is an ongoing effort.
3risk
Monitoring and studies During the year, we continued the Picarro 'sniffer truck' infrastructure survey operations and fugitive emission research with CSIRO. The sniffer truck survey covers all our operating wells and gathering lines at least twice during the year. We use the data from the sniffer truck inspections to e...
3risk
So far, those analyses have concluded that even in the 2 C Scenario, MC's fossil-fuel operations will remain com- petitive, and that the Company will remain resilient over the medium to long term due to its initiatives in other businesses where future market growth is anticipated owing to the spread of renewable energy...
2strategy
- We participated in launching Align17 - a WEF Young Global Leaders initiative - an independent platform which stands out in connecting a wider range of public, institutional, and private wealth investors with investment opportunities related to the Sustainable Development Goals.
4governance
48 National Australia Bank sold, frequency of accidents, and the share of renewable energies in Coriance's production mix. - Acting as a Joint Lead Agent & Environmental, Social, and Governance Structuring Agent on the Sydney Airport's A$100 million 20-year U.S. private placement (USPP) ESG-linked tranche. This sustain...
2strategy
As a result, we have not faced any new claims from climate-related litigation in recent years and the results of the litigation, which have remained in favour of the defendants, suggest that this trend will likely continue, but warrants continued monitoring.
2strategy
Absolute coal threshold Coal assets are particularly carbon-intensive and susceptible to stranded asset risk given the long life of these assets, as well as the evolving regulations on carbon emissions. To ensure we actively manage such risks, we implemented an absolute coal threshold to identify large carbon emitters ...
2strategy
We provide training on Environmental, Social, and Governance risks and opportunities to staff through our credit college and have an Environmental, Social, and Governance guideline handbook that is available to assist all staff in assessing Environmental, Social, and Governance matters.
3risk
He has worked for the French Environment Ministry, for a major-league energy firm (with positions as head of the R&D program on alternative fuels, head of the environment department in an oil & gas refinery, sustainable deve- lopment leader for new energies and head of low-carbon products and services), and headed up t...
4governance
Management Management, like all employees at CN, are responsible for upstream and operations cost control, including energy efficiency, and are educated on energy management best practices through our EcoConnexions employee engagement program. Management at CN works collaboratively across the value chain to support sus...
4governance
Some entities, such as BNP Paribas Fortis, have also decided to use the game as a climate talking point with their clients, while others are using it inhouse to raise employee awareness.
2strategy
Also by means of BNDES Finem, we offer credit from the Prorenova line, a credit line aimed at supporting the renovation of sugar cane plantation and the introduction of new sugar cane plantations.
0none
5.2.2 Insurance Risk Management To control climate risks in insurance products, Ping An has developed insurance risk management mechanism and a scientific and consistent insurance risk management system within the Group.
3risk
The program includes a toolkit and business processes that help to build the capability within our various functions involved in product innovation to understand the environmental and climate impacts of product design, and to make sustainable choices.
3risk
Investec supports international best practices regarding the responsibilities of the financial sector in financing and investing transactions. Social, environmental and ethical risk considerations are implicit in our values, culture and code of conduct and are applied as part of our Environmental, Social, and Governanc...
2strategy
Deforestation Policy For projects which involve deforestation, support is provided after confirming that illegal logging and incineration are not carried out and the laws and regulations of each country are observed.For large-scale projects, environmental impacts, such as the destruction of primeval forests and ecosyst...
3risk
We have initiatives in place to optimize road transport operations. With our in-vehicle monitoring systems (IVMSs), we monitor critical aspects of driver behavior such as speeding, harsh acceleration and braking, and excessive cornering. In Europe, the IVMS is complemented with a load optimization initiative that aims ...
2strategy
With regards to opportunities, decarbonising the global economy is likely to require a world that is more interconnected, digitised and decentralised, providing Telstra the opportunity to develop new solutions for customers and to support emerging industries.
2strategy
Investec plc banking book The mix of the energy portfolio in our Investec plc banking book reflects the trajectory of the energy transition in developed countries. We have a global power and infrastructure business operating across the UK, Europe, the United States and Australia with a deliberate focus on financing sol...
2strategy
Our review did not find any significant differences in formal positions on climate change policy between Origin and key industry associations. It is pleasing that the BCA and APPEA are currently undertaking a review of their positions on climate change policy, in part because members such as Origin have pushed for grea...
4governance
5. Asset owners should describe metrics used to assess climate-related risks and opportunities in each fund or investment strategy. Where relevant, asset owners should also describe how these metrics have changed over time. Where appropriate, asset owners should pro- vide metrics considered in investment decisions and ...
1metrics
Currently, we have more than 100 EV charging ports installed at office locations for employee use; over 50,000 bank employees work at buildings with EV charging stations,13F 14 with more installations planned in 2020.
2strategy
The level of inclusion and control of RI, and by extension climate change factors, will vary by platform. Provided below is a high level look through into each platform's strategy.
2strategy
Clean Energy Infrastructure Our Clean Energy Infrastructure team works closely with Arevon Asset Management, our dedicated asset management group that is fully integrated with our Clean Energy Infrastructure investment platform and that helps oversee risk management and performance optimization functions related to our...
4governance
In September 2018, together with Index Initiative and the United Nations Foundation, we launched the World Benchmarking Alliance (WBA) on the eve of the General Debate of the 73rd session of the United Nations (UN) General Assembly. The WBA publishes free and transparent benchmarks ranking companies on contributions to...
2strategy
- BNZ was also a Joint Lead Manager on Mercury Energy's inaugural green bond in 2020, which raised NZ$200 million primarily earmarked for nancing the construction of the Turitea wind farm.
1metrics
In addition to the physical and transition risks, the solutions produced and distributed by Saint-Gobain also contribute to reducing Carbon dioxide emissions, in particular thermal insulation solutions that promote energy efficiency (see Chapter 3, Section 4.1.1).
2strategy
Asset Owners should describe metrics used to assess climate-related risks and opportunities in each fund or investment strategy. Where relevant, asset owners should also describe how these metrics have changed over time.
1metrics
Export market growth Changing policies in existing and future markets may impact growth due to the introduction and/or expansion of trading taxes, barriers on high emissions and water intensive products, and bans on non-recyclable packaging.
2strategy
Bank is a founding member of the NGFS. The Network was co-founded by eight central banks and supervisors in December 2017. As of April 2020, membership has grown to over 65 members and 12 observers representing countries responsible for approximately 60% of global carbon emissions. Through the NGFS, the
4governance
We are therefore focusing on sustainably sourcing major commodities like palm oil and cane sugar, as well as partnering and collaborating with suppliers, peers, and other stakeholders to implement and influence better practices on-farm.
2strategy
Over the past few years, we have taken steps to facilitate a shift towards improved access to public transport for employees (buses, commuter trains) and carpooling. Our carpooling initiative now has over 1 Lakh registered users across locations. Around 22.7 Million kms of rides were shared in the reporting year saving...
1metrics
In addition to providing the facility with steam needed for operations, the cogeneration units may export an additional 800 megawatts (MW) of electricity to the provincial grid, equivalent to roughly 7% of Alberta's current electricity demand, and reduce emissions by approximately 2.5Mt/y, equivalent to displacing 550,...
1metrics
Optus has been proactive through ABR on research and policy influence on government, given the major interdependencies on policy and funding. We also actively monitor and engage in the regulatory development relating to reporting and carbon emission taxes. In Australia, Optus provides annual comprehensive energy report...
4governance
However, compared with large corporations, SMEs are typi- cally in a disadvantageous position. For example, they have few opportunities to study about how climate change and other social issues may impact their operations while lacking sufficient resources to plan and execute countermeasures.
3risk
We calculated that credit costs on mortgage loans at SuMi TRUST Bank would increase by around $7.0 billion by the year 2100 compared to the end of March 2020 based on the probability of floods occurring and the rate of change in property value caused by flood damage in each scenario.
2strategy
Of these scenarios, 'Autonomy' is the scenario we consider best represents the technology and policy context that would be essential to meet the aspiration of limiting cumulative emissions to 450 ppm.
3risk
Supporting our agribusiness customers Last year, we undertook climate scenario analysis to beer understand the potential impacts that a changing climate may have on farm productivity and the long-term outlook for the sector. Separately, we have also used historical industry data to map productivity levels for regions i...
3risk
Review Process We review the environmental materiality once every five years at the timing of the formulation of the five-year action plan. If there are any major shifts in society or Toyota, we will conduct flexible reviews regardless of the regular interval.
3risk
The members of the Student Manifesto called on the Group, at the annual EpE dinner held on 18 March 2019, to lead an ecological awakening, asking the EpE business leaders attending the event to 'communicate that (they) need students who have taken classes addressing ecological issues included in their general course re...
4governance
A group of 80 employees, from all Group bu- siness lines and regions (many working di- rectly with major BNP Paribas clients), was created to share best practices Groupwide with the aim of seizing on as many energy transition opportunities as possible together.
3risk
From July 2023, we will no longer provide individual insurance cover for those oil and gas companies that are responsible for the world's 10% most carbon intensive oil and gas production.
2strategy
Screening Process for Loan and Investment Proposals When reviewing and making decisions on loan and investment proposals, MC has adopted a process in which the Investment Committee deliberates all proposals to be discussed by the Board of Directors and the Executive Committee comprehensively based not only on economic ...
4governance
Here are a few examples: Electric vehicle charging stations at branches and at the next head office Innovative energy use management system rolled out to over 100 branches LEED assessment system criteria applied to many existing buildings Construction of a new head office designed to meet LEED v4 Gold criteria End of p...
2strategy
Barclays' approach to sensitive sectors The Energy Sector and Electric & Gas Utilities Sectors The energy industry is essential for almost all economic and human activity, and is at the heart of important opportunities and challenges faced by the world today.
2strategy
To analyze what impacts there would be on Mizuho's credit costs in the event that damage to buildings by typhoons and other storms causes stagnation in our clients' businesses and affects their business performance, we employed two approaches: a bottom-up approach reflecting estimates of the number of days of business ...
3risk
A historically late and severe hurricane season on the US southern and eastern coastlines led to a significant increase in property damage and subsequent spike in insurance claims across impacted states, affecting the credit quality of certain non-life insurance companies and local municipalities.
2strategy
The dedicated Environmental, Social, and Governance Engagement Committee that oversees TDAM's overall Environmental, Social, and Governance strategy, integration and implementation facilitates discussion around Environmental, Social, and Governance issues, engagements and policy direction. Discussions are shared across...
4governance
For a more detailed explanation of how our performance this year has been impacted by weather, please refer to page 41. Also, information on our carbon emissions and renewable energy generation can be found in section 31.
2strategy
This work will be instrumental in constantly evolving Maersk's approach to manage physical risk from climate change in a way that is adequate given the increased challenges Maersk will see in the future.
3risk
From July 2021, we will no longer provide individual insurance covers for those oil and gas companies that are responsible for the world's 5% most carbon-intensive oil and gas production.
2strategy
The eleven companies that were divested from as at 30 June 2019 are shown in Appendix C. This is an ongoing process, as companies divested from the fund could be repurchased if their sustainability planning improves, and other companies divested if they do not deliver on pledges.
2strategy
As demonstrated by the results of the first assessment, if these points of view contradict one of the fundamental principles of our climate strategy, Eni will take the possibility of withdrawing from the association into consideration.
2strategy
Ralph Izzo has been a catalyst for climate action since assuming this position in 2007. He has been a respected voice among energy industry leaders on the need for comprehensive climate change policies, such as a nationwide price on carbon. As chairman of the Nuclear Energy Institute, he has advocated for policies to p...
4governance
For example, the primary responsibility for the application of the ESR Framework lies with Front Office (FO) which includes relationship managers and deal principals. They act as the first line of defence, identifying environmental (including climate) and social risks in the transactions. The FO must evidence complianc...
4governance
We also make use of a wide range of weather and climate products such as highly detailed weather forecasts, rainfall radar data, coastal conditions such as sea state and tidal information, and warnings and alerts from our partners at the Flood Forecasting Centre, the Met Office and the EA.
3risk
3) Considering that there can be different types of industry within a single sector, the methodology proposes a sector segmentation that differentiates the impact in each segment in terms of cost, revenue and investment. The objective is to create homogeneous groups, which will respond in a common way to the different ...
3risk
The environmental management system encompasses a series of metrics related to Greenhouse gas emissions and capture, forest restoration, water withdrawal and use, energy use and generation, as well as waste generation and disposal.
1metrics
AIA continues to engage with businesses on raising awareness of these risk issues, and encouraging them to address these in a transparent way, thereby contributing in the transition to a low carbon economy.
2strategy
The detailed methodologies underpinning the joint MDB approach to alignment with the Paris Agreement are currently under development and are being tested to support the assessment of alignment at a project level. The MDBs will report periodically on the process of defining these methodologies and their applications.
3risk
Emissions from flaring are predominantly CO2, as the majority of the methane is combusted during the flaring process. Through targeted planning and implementing learnings from previous field turndowns during major maintenance shutdown operations, as well as the development of field turndown tools utilising artificial i...
1metrics
Methane emissions from the landscape Shallow gas and seeps are naturally occurring, but we know gas developments can change the natural methane migration and emission patterns, as observed in the Surat Basin.
2strategy
As regards to risks, as the first line of defence (LOD1), the Business Units and Service Units (for their own activities) bear primary responsibility for assessing, managing and monitoring their risk levels in all risk categories, including climate-related risks.
4governance
Of the Carbon dioxide produced in the course of cement manufacture, approximately 45% is derived from the thermal energy used to heat the raw materials and the consumption of electricity for cement, and 55% from the decarbonation of limestone used as raw material during the calcination process.
1metrics
As renewable penetration of the NEM continues to increase, Eraring will increasingly be run at lower loads and operated in response to changes in renewable energy supply. The flexibility of Eraring continues to support increased renewables in the NEM, however this may lead to a higher emissions intensity of Eraring ove...
2strategy
This year, Sydney Airport joined Bioenergy Australia's Sustainable Aviation Fuel Alliance, together with airlines and other airports, to create a collaborative environment to advance sustainable aviation fuel production, policy, education and marketing in Australia and New Zealand.
2strategy
The Granny Smith mine solar power plant will reduce our carbon footprint by some 10,000t Carbon dioxide -e per year - Following our public commitment to have at least 20% renewable energy in all new mines, we completed evaluations at our recently approved Salares Norte project in Chile, located in the Atacama desert.
1metrics
The accelerator programs have sub-portfolios of climate- focused entrepreneurs supported by BlackRock's grantee partners, including the Echoing Green Climate Change Fellowship, and the Draper Richards Kaplan Environment & Climate Change Fellows.
2strategy
Shadow carbon pricing FirstRand has set an internal shadow carbon price that will be used to consider carbon costs during the evaluation of new projects and infrastructure for the group's operations. This will help incentivise and prioritise low-carbon projects and support emission reductions.
3risk
The Ofunato Biomass Station was constructed on the premises of the Ofunato cement plant over a period of three years and started commercial operations in January 2020. The power station can supply all of the electricity required by the plant as well as for the community. It uses palm kernel shell (PKS) and a small amou...
1metrics