TCFD Recommendations
Overview of the TCFD Recommendations |
INPEX’s disclosures |
|
|---|---|---|
Governance |
||
Disclose the organization’s governance around climate-related risks and opportunities |
||
1 |
Describe the board’s oversight of climate-related risks and opportunities |
|
2 |
Describe management’s role in assessing and managing climate-related risks and opportunities |
|
Strategy |
||
Disclose the organization’s governance around climate-related risks and opportunities |
||
1 |
Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term |
|
2 |
Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning |
|
3 |
Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario |
|
Risk Management |
||
Disclose how the organization identifies, assesses and manages climate-related risks |
||
1 |
Describe the organization’s processes for identifying and assessing climate-related risks |
|
2 |
Describe the organization’s processes for managing climate-related risks |
|
3 |
Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management |
|
Metrics and targets |
||
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material |
||
1 |
Disclose the metrics used by the organization to assess climate change-related risks and opportunities in line with its strategy and risk management process |
|
2 |
Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 GHG emissions, and the related risks |
|
3 |
Describe the targets used by the organization to manage climate change-related risks and opportunities and performance against targets |
|
Overview of metrics |
INPEX’s disclosure |
Pages |
|
|---|---|---|---|
1 |
Capital Deployment |
Investment from 2022 to 2030 |
Long-term Strategy and Medium-term Business Plan (INPEX Vision @2022) |
2 |
Climate-Related Opportunities (Five net zero businesses) |
Operating cash flow around 2030 |
Long-term Strategy and Medium-term Business Plan (INPEX Vision @2022) |
3 |
Remuneration |
Climate Change Response and Directors’ Compensation |
|
4 |
Physical Risks |
Assessment process for physical risks |
|
5 |
Transition Risks (Assessment of Financial Impact) |
Assessment of Financial Impact of Climate-related Risks |
|
6 |
Internal Carbon Prices |
Assessment of Financial Impact of Climate-related Risks |
|
7 |
GHG emissions |
Scope 1, 2, 3 (ESG Performance Data) |
|