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CDP Climate Change 2022 Reporting Guidance

(C1.1b) Provide further details on the board’s oversight of climate-related issues.

Question dependencies

This question only appears if you select “Yes” in response to C1.1.

Change from last year

Minor change for FS only

Rationale

This question provides an indication of the importance of climate-related issues to your business. Investors are interested in organizations’ understanding and approach to climate-related risks at the board level; how aligned this is with organizational strategy, plans of action, management policies, and performance objectives; and how the board monitors progress against targets and goals.

Connection to other frameworks

TCFD

Governance recommended disclosure a) Describe the board’s oversight of climate related risks and opportunities.

SDG

Goal 12: Responsible consumption and production

Response options

Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table.

Frequency with which climate-related issues are a scheduled agenda item Governance mechanisms into which climate-related issues are integrated [FINANCIAL SERVICES ONLY] Scope of board-level oversight Please explain

Select from:

  • Scheduled - all meetings
  • Scheduled - some meetings
  • Sporadic - as important matters arise
  • Other, please specify

Select all that apply:

  • Reviewing and guiding strategy
  • Reviewing and guiding major plans of action
  • Reviewing and guiding risk management policies
  • Reviewing and guiding annual budgets
  • Reviewing and guiding business plans
  • Setting performance objectives
  • Monitoring implementation and performance of objectives
  • Overseeing major capital expenditures, acquisitions and divestitures
  • Monitoring and overseeing progress against goals and targets for addressing climate-related issues
  • Other, please specify

Select all that apply:

  • Climate-related risks and opportunities to our own operations
  • Climate-related risks and opportunities to our banking activities
  • Climate-related risks and opportunities to our investment activities
  • Climate-related risks and opportunities to our insurance underwriting activities
  • The impact of our own operations on the climate
  • The impact of our banking activities on the climate
  • The impact of our investing activities on the climate
  • The impact of our insurance underwriting activities on the climate

Text field [maximum 3,000 characters]

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Requested content

General

  • You should consider the frequency that climate-related issues are a scheduled agenda item for the principal board-level committee having oversight for climate-related issues. This may be a subcommittee of the board, or the full board itself.
  • If you select “Other, please specify” provide a label for the Frequency with which climate-related issues are a scheduled agenda item.
  • Note that your response to this question may refer to the position of employees relevant to board oversight mechanisms. In this case, do not include the name of any individual or any other personal data in your response.

Governance mechanisms into which climate-related issues are integrated (column 2)

  • Select all of the governance mechanisms in which climate-related issues are included.

Scope of board-level oversight [FINANCIAL SERVICES ONLY]

  • Activities of a business may be both affected by climate change or contribute to climate change. For financial institutions these impacts may materialize via the organization’s own operations, the financial products and services offered to its clients, and/or its investments. This column seeks insight on whether an organization’s board considers both:

- How the risks posed or opportunities presented by climate change impact its business; and conversely
- How its business activities contribute either positively or negatively to climate change.

Please explain (column 3)

  • Describe the governance mechanisms selected in column 2 and how these mechanisms contribute to the board's overall oversight of climate-related issues.
  • Include such details as what climate issues are scheduled agenda items, who briefs the board and on which matters (e.g. "a report from each Business Head regarding performance against climate targets is reviewed quarterly").
  • As much as possible, please give examples from the reporting year.