Sustainability Report 2020

TCFD annex

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