Our commitment to professionalising our sustainability and climate-related efforts existed many years before the Task Force on Climate-Related Financial Disclosures (TCFD) formalised a process for climate disclosure reporting.
We have always held the view that as a world leader in the production of electrical cables for the energy and telecommunications sector, we play an instrumental role in making products that help to achieve environmental sustainability and reduce carbon and greenhouse gas emissions.
We see climate risk as an opportunity. For this reason, our climate journey started long ago.
Our process isn’t fixed, however, and we are always discovering ‘new frontiers’ and adopting new methods for evaluating and calculating our climate-related risks and opportunities.
Integrating climate, TCFD and ERM
Of course, risk management is at the heart of this and one of our early steps was integrating our climate risk process (for identifying, assessing and responding to risks and opportunities); and the TCFD reporting framework into our company-wide ERM framework.
So, what does this mean in practice?
First, risks and opportunities are defined as factors that will have a direct…
