TCFD index

The requirements of the Task Force on Climate-related Financial Disclosures () 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 climate questionnaire incorporates most of the requirements, the Schaeffler Group already reports on the following information:

TCFD core elements

 

Required information

 

CDP questionnaire 2022 reference

Governance
Disclosure of the organization’s governance around climate-related risks and opportunities

 

A. Executive Board’s oversight of climate-related risks and opportunities

 

C1.1b

 

B. Management’s role in assessing and managing climate-related risks and opportunities

 

C1.2, C1.2a

Strategy
Disclosure of 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. Description of climate-related opportunities and risks

 

C2.1, C2.1a, C2.2, C2.3, C2.3a, C2.4, C2.4a

 

B. Impact of climate-related risks on the organization’s businesses, strategy, and financial planning

 

C2.3, C2.3a, C2.4, C2.4a, C3.1

 

C. Resilience of the organizational strategy

 

C3.1

Risk Management
Disclosure of how the organization identifies, assesses, and manages climate-related risks

 

A. Organization’s processes for identifying and assessing climate-related risks

 

C2.2, C2.2a

 

B. Organization’s processes for managing climate-related risks

 

C2.2

 

C. Integration of processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management

 

C2.2

Metrics & Targets
Disclosure in the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material

 

A. Metrics used by the organization to assess climate-related risks and opportunities

 

C4.1, C4.2

 

B. Disclosure of Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions

 

C6.1, C6.3, C6.5

 

C. Targets used by the organization to manage climate-related risks and opportunities

 

C4.1, C4.1a, C4.2

 

 

 

 

 
Answers and results of the Schaeffler Group CDP questionnaire at: CDP Schaeffler Group
Task Force on Climate-related Financial Disclosure (TCFD)
Expert commission of the G20 that develops recommendations on standardized climate reporting. These cover the areas of governance, strategy, risk management, metrics and targets.
CDP
Formerly known as the Carbon Disclosure Project. A non-profit organization that runs a global disclosure system for environmental data and evaluates the information for investors, companies and governments in the areas of climate, water and forests.
Task Force on Climate-related Financial Disclosure (TCFD)
Expert commission of the G20 that develops recommendations on standardized climate reporting. These cover the areas of governance, strategy, risk management, metrics and targets.

GRI