Climate change presents a significant risk to businesses on a global scale. Extreme weather events driven by climate change can cause detrimental consequences to businesses involving damage to infrastructure, disruption to supply chains, and loss of revenue. To address these risks, there is a pressing need to implement effective strategies for climate risk management in business operations.
One international framework for climate-related disclosure is the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations, established by the Financial Stability Board in 2015. In Hong Kong, the Green and Sustainable Finance Cross-Agency Steering Group is planning to require all listed companies to disclose climate risk by 2025. One group member, the Hong Kong Exchange and Clearing Limited (HKEX) has continued to enhance its mandatory environmental, social, and governance (ESG) disclosure requirements for all listed companies towards the TCFD framework. In November 2021, HKEX published the Guidance on Climate Disclosure in accordance with TCFD.
SGS Hong Kong Limited (SGS) is committed to helping companies navigate the complexities of climate risk management. The climate risk solution covers all four core elements of TCFD:
• Risk management
• Metrics and targets
Depending on your needs, we can assist you with establishing climate framework and strategy, identifying climate risk, conducting scenario analysis, and disclosing climate performances in compliance with TCFD.
SGS’s Climate Risk solutions
SGS provides companies with clear policies and best practices for managing climate risk, develops a long-term plan for low-carbon transition, sets pragmatic corporate goals for managing climate risk effectively, and supports informed decision-making and their businesses’ positioning for long-term success.
If you seek for climate solution, please e-mail firstname.lastname@example.org