We have evaluated the following risks deriving from climate change as per the Integrated Risk Management System (IRMS) adopted by our company and pur- suant to the two main risk categories de- fined by the TCFD.
We have completed the first phase of the Short-term Risk Assessment (five years)
at company level, and are committed to furthering this analysis during 2019, tak- ing a top-down approach to focus on each business unit in the medium and long term. We have also identified the follow- ing opportunities of climate change in the areas defined by the TCFD and various steps to mitigate and strengthen our re- silience to climate change.
In order to achieve the aforementioned objectives, we measure our performance with regard to climate-related matters
at all levels of the company. The findings of these measurements in 2018 are pre- sented below.
These risks and opportunities will be in- cluded in our forthcoming Carbon Strat- egy in which we will endeavour to define them, including their medium- and long- term impact and the investments and
targets to cut GHG emissions. This infor- mation is shown in our Carbon Disclosure Project (CDP) Climate questionnaire re- sults. We achieved a B rating in the 2018 CDP.
Risks and opportunities
OPPORTUNITIES Efficient use of resources Energy sources. Products and services.
Policies and legislation. Technology. Markets. Reputation.
2018 ANNUAL AND CORPORATE RESPONSIBILITY REPORT
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