This section presents the URD concordance table with TCFD recommendation, as detailed in the report entitled “Implementing the Recommendations of the Task Force on Climate related Financial Disclosures”, TCFD, June 2017.
| Concordance table with TCFD recommendations |
Relevant Sections of the URD
|
|---|---|
| Governance |
|
| a) Role of the Board of Directors in the oversight of climate-related issues in the organisation | a) Role of the Board of Directors in the oversight of climate-related issues in the organisation Relevant Sections of the URD
Section 3.2.1.1.2Sections 3.1.2.3.1, 4.2.2.3, 4.2.2.8, 4.2.3.1 and 4.2.3.4
|
| b) Role of the Management in the oversight of climate-related issues in the organisation | b) Role of the Management in the oversight of climate-related issues in the organisation Relevant Sections of the URD
Section 3.2.1.1.2Section 3.1.2.3.3
|
| Strategy |
|
| a) Climate-related risks and opportunities over the short, medium, and long term | a) Climate-related risks and opportunities over the short, medium, and long term Relevant Sections of the URD
Sections 3.2.1.1.7 and appendix 3.6.3Section 2.2.3
|
| b) Impact of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning | b) Impact of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning Relevant Sections of the URD
Sections 3.2.1.1.3 to 3.2.1.1.10
|
| c) Evaluation of the resilience of the organisation’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario | c) Evaluation of the resilience of the organisation’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario Relevant Sections of the URD
Section 3.2.1.1.7
|
| Risk management |
|
| a) Processes for identifying and assessing climate-related risks | a) Processes for identifying and assessing climate-related risks Relevant Sections of the URD
Section 3.2.1.1.2Sections 2.1 and 2.2.3
|
| b) Processes for managing climate-related risks | b) Processes for managing climate-related risks Relevant Sections of the URD
Section 3.2.1.1.2Sections 2.1 and 2.2.3
|
| c) Integration into the organisation’s overall risk management processes | c) Integration into the organisation’s overall risk management processes Relevant Sections of the URD
Section 2.1
|
| Metrics and targets |
|
| a) Financial and non-financial metrics used by the organisation for its climate-related strategy | a) Financial and non-financial metrics used by the organisation for its climate-related strategy Relevant Sections of the URD
Sections 3.2.1.1 and 3.4Sections 1.1.1 and 1.4Section 6.8
|
| b) Reporting of Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas emissions | b) Reporting of Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas emissions Relevant Sections of the URD
Sections 3.2.1.1.5 and 3.4
|
| c) Climate-related targets used by the organisation and performance against targets | c) Climate-related targets used by the organisation and performance against targets Relevant Sections of the URD
Sections 3.2.1.1.1 and 3.4Section 1.3.2
|
