What are Climate-related Financial Disclosures?
Climate-related Financial Disclosures (CFD) represent a framework for businesses to report on climate-related risks and opportunities that may impact their business. Following recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), these reports provide stakeholders with transparent information about how organisations like ours are addressing climate change in our business strategy and risk management processes.
Why do Climate Disclosures Matter?
Climate change presents significant financial and operational risks to businesses across all sectors. Through comprehensive CFD reporting, we’re demonstrating our commitment to understanding and managing these risks while capitalising on opportunities in the transition to a low-carbon economy. These disclosures help us to:
- Identify climate-related risks and opportunities to our projects and our people under different climate scenarios
- Develop effective adaptation and mitigation strategies
- Build trust with investors, clients and communities
Approach to Climate Disclosures
We view climate reporting as an integral part of our business strategy. Our latest disclosure provides an overview of our climate-related risks, opportunities and emissions data across all business divisions.
We're proud to hold ISO 14064 accreditation, the international standard for greenhouse gas accounting and verification. This certification demonstrates our commitment to accuracy and transparency in measuring our carbon footprint, providing a solid foundation for our climate-related financial disclosures.
Our Group-wide climate risk committee meets quarterly to review emerging risks and opportunities, ensuring that climate considerations are embedded in our strategic planning and operational delivery.
