Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change

Governance Achievements

• Appointed a Chief Risk Officer with ESG experience.
• Established a Sustainability Committee and a Planet Positive subcommittee.
• Created a TCFD working group for climate risk assessment.
• Improved climate risk identification, assessment, and management methodologies with external consultant support.
• Streamlined climate risk categories from four to two (physical and transition).
• Consolidated twelve identified risks to nine.
• Introduced ESG filters within investment platforms to allow clients to access climate-friendly investments.

Climate Goals & Targets

Environmental Challenges

• Identifying and assessing climate-related risks and their financial impacts.
• Setting meaningful metrics and targets for climate-related risks.
• Data collection and reporting on Scope 3 emissions.

Mitigation Strategies

• Conducted a review of the climate risk register and assessment methodology with external consultants.
• Undertook climate scenario analysis using the NGFS scenarios.
• Improved risk prioritisation methodology.
• Defined clear time horizons for assessing climate-related risks.
• Began defining Scope 3 emissions.
• Planning to align with Science Based Targets Initiative (SBTi) in 2024.
• Established obtaining a better understanding of the Group’s carbon profile as a key operational goal.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Floods and storms
• Heatwaves

Transition Risks

• Technology (energy)
• Regulatory and compliance
• Reputational
• Market
• Litigation
• Investment
• Cost of capital

Opportunities

• Climate-related products and services
• Enhanced stakeholder relationships

Reporting Standards

Frameworks Used: TCFD

Sustainable Products & Innovation

• ESG filters within investment platforms