TCFD recommendations Index
Recommendations: Disclose the organization’s governance around climate- related risks and opportunities | ► Disclosure a) Describe the board’s oversight of climate related risks and opportunities. | ► Sustainability Strategy ► Sustainability Governance ► How we manage sustainability ► Mapping our Sustainability Risks |
| ► Disclosure b) Describe management’s role in assessing and managing climate related risks and opportunities. | ► Sustainability Governance ► How we manage sustainability ► Mapping our Sustainability Risks ► OMV Petrom Annual Report 2020, Risk management governance section | |
Recommendations: Disclosure the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning were such information is material. | ► Disclosure a) Describe the climate related risks and opportunities the organization has identified over the short, medium, and long term. | ► Mapping our Sustainability Risks ► Climate Change and Energy Transition ► OMV Petrom Annual Report 2020, Risks taxonomy section |
| ► Disclosure b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning. | ► Mapping our Sustainability Risks ► Climate Change and Energy Transition | |
| ► Disclosure c) Describe the resilience of the organization’s strategy, taking into consideration different climate related scenarios, including a 2°C or lower scenario. | ► Climate Change and Energy Transition | |
Recommendations: Disclose how the organization identifies, assesses and manages climate-related risks | ► Disclosure a) Describe the organization’s processes for identifying and assessing climate-related risks. | ► Mapping our Sustainability Risks ► Climate Change and Energy Transition |
| ► Disclosure b) Describe the organization’s processes for managing climate related risks. | ► Sustainability Governance ► Mapping our Sustainability Risks ► OMV Petrom Annual Report 2020, Climate Change risk management section | |
| ► Disclosure c) Describe how processes for identifying, assessing, and managing climate related risks are integrated into the organization’s overall risk management. | ► Mapping our Sustainability Risks ► Climate Change and Energy Transition | |
Recommendations: Discloses the metrics and targets used to assesses and manage relevant climate related risks and opportunities where such information is material. | ► Disclosure a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. | ► Sustainability Governance ► Sustainability strategy |
| ► Disclosure b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. | ► Sustainability strategy ► Performance in detail – Environmental data | |
| ► Disclosure c) Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets. | ► Sustainability strategy |