We have a robust climate-related risk framework that consists of strong governance, strategic capability, risk management processes and disclosures to demonstrate resilience across a range of future scenarios. There are many possible future pathways and uncertainties which will likely evolve at different times, at different paces, in different regions. We aim to align our actions with shareholder interests for long-term value and competitive returns.
We use our Climate-related Risk Strategy to help us manage climate-related risks, optimize opportunities and equip the company to respond to changes in key uncertainties, including government policies around the world, emissions reduction technologies, alternative energy technologies and changes in consumer trends. The strategy guides our choices around portfolio composition, emissions reductions, targets, incentives, emissions-related technology development, and our climate-related policy and financial sector engagement.
In This Section
-
Governance framework
A comprehensive governance process. -
Strategy
Climate-related risks integrated into strategic planning. -
Risk management
Assessing and managing climate-related risks. -
Climate-related metrics
Key metrics and targets to measure and monitor our performance. -
Collaboration and engagement
Gaining external perspectives. -
Public policy engagement
Playing a constructive role in public policy dialogue.