Disclosure in accordance with TCFD guidelines
| Section | Reporting element | Climate Change Report section | Assured by the auditor |
|---|---|---|---|
| Governance Disclose the organization’s governance around climate-related risks and opportunities | a. Describe the board’s oversight of climate-related risks and opportunities | Approaches to climate change management. | |
| 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 organization’s businesses, strategy, and financial planning where such information is material | a. Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term | Approaches to climate-related risks and opportunities assessment. Assessment results. | |
| b. Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning | Sustainability assessment of Nornickel's product portfolio under three global economy and climate change scenarios. | ||
| c. Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario | Scenario analysis of the consolidated financial and economic model until 2050. | ||
| Risk Management Disclose how the organization identifies, assesses, and manages climate-related risks | a. Describe the organization’s processes for identifying and assessing climate-related risks | Approaches to climate-related risks and opportunities assessment. Assessment results. | |
| b. Describe the organization’s processes for managing climate-related risk | Approaches to climate-related risks and opportunities assessment. Assessment results. | ||
| Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management | Approaches to climate change management | ||
| Metrics and Targets Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material | a. Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process | Approaches to climate change management | |
| b. Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks | Greenhouse gas emissions. | ||
| c. Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets | Approaches to climate change management |