TCFD index
The requirements of the Task Force on Climate-related Financial Disclosures (TCFD) apply to the following areas: Governance, Strategy, Risk Management, and Metrics & Targets. The aim of TCFD-compliant reporting is to properly report on the risks and opportunities of climate change and thus strengthen the stability of the financial market. Since the CDP climate questionnaire incorporates most of the TCFD requirements, the Schaeffler Group already reports on the following information:
TCFD core elements |
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Required information |
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CDP questionnaire 2021 reference |
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Governance |
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A. Executive Board’s oversight of climate-related risks and opportunities |
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C1.1b |
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B. Management’s role in assessing and managing climate-related risks and opportunities |
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C1.2, C1.2a |
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Strategy |
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A. Description of climate-related opportunities and risks |
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C2.1, C2.1a, C2.2, C2.3, C2.3a, C2.4, C2.4a |
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B. Impact of climate-related risks on the organization’s businesses, strategy, and financial planning |
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C2.3, C2.3a, C2.4, C2.4a, C3.1 |
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C. Resilience of the organizational strategy |
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C3.1b |
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Risk Management |
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A. Organization’s processes for identifying and assessing climate-related risks |
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C2.2, C2.2a |
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B. Organization’s processes for managing climate-related risks |
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C2.2 |
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C. Integration of processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management |
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C2.2 |
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Metrics & Targets |
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A. Metrics used by the organization to assess climate-related risks and opportunities |
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C4.1, C4.2, C9.1 |
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B. Disclosure of Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions |
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C6.1, C6.3, C6.5 |
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C. Targets used by the organization to manage climate-related risks and opportunities |
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C4.1, C4.1a, C4.2 |
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Answers and results of the Schaeffler Group CDP questionnaire at: CDP Schaeffler Group