Climate-related considerations are integrated into the key business planning processes for the company:
- Scenario planning.
- Corporate strategy.
- Long-range plan.
- SD risk management process.
- Enterprise risk management.
Our SD risk management process, risk register and Climate Change Action Plan are used to track performance and guide goal setting. Line-of-sight goals for business units and key functions are shown as specific action items within the action plan. Progress against the plan is reported through our governance structure to the ELT and board of directors.
Management System Approach to Climate-Related Risk