Has the company set GHG emissions reduction targets or other targets related to renewable energy, energy efficiency, adaptation, and risk mitigation?
CSRD
1. Disclosure of GHG Emissions Reduction Targets and Other Climate-Related Targets
GHG Emissions Reduction Targets:
The company should clearly disclose whether it has set GHG emissions reduction targets and how those targets are designed to mitigate material climate-related risks and manage opportunities.
This includes targets to reduce Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions in the value chain) emissions.
2. Other Relevant Targets
Additional Climate-Related Targets:
In addition to GHG emissions reduction targets, the company should also disclose any other relevant targets to manage climate-related impacts, risks, and opportunities. These could include:
Renewable Energy Deployment:
Targets to increase the share of energy sourced from renewable sources (e.g., solar, wind).
Example: "Achieve 50% renewable energy use by 2030."
Energy Efficiency:
Targets focused on improving energy efficiency across operations, such as reducing energy consumption per unit of output or achieving specific reductions in energy intensity.
Example: "Reduce energy consumption by 20% per unit of output by 2025."
Climate Change Adaptation:
Targets related to improving the resilience of infrastructure and operations to physical climate risks (e.g., extreme weather events, flooding).
Example: "Upgrade all critical facilities to be climate-resilient by 2025."
Risk Mitigation:
Physical or Transition Risk Mitigation:
Targets related to addressing both physical risks (e.g., risk of floods or heatwaves) and transition risks (e.g., changes in regulations, market shifts towards sustainability).
Example: "Implement a climate risk mitigation strategy to reduce vulnerability to extreme weather events by 2025."
3. Explanation of How These Targets Are Set and Managed
Setting of Targets:
Explain how these targets are set, based on the company’s climate strategy, risk assessment, and business model.
Discuss whether the targets are science-based (e.g., aligned with the Paris Agreement or Science-Based Targets initiative (SBTi)) or based on internal assessments.
Integration with Overall Strategy:
Describe how these targets are integrated into the company’s broader business strategy, ensuring alignment with long-term objectives like sustainability, risk management, and financial performance.
4. Monitoring and Reporting of Targets
Tracking Progress:
Explain how the company monitors progress toward these targets, including the use of key performance indicators (KPIs) or other measurement tools.
Indicate how often progress is reviewed and reported (e.g., annually, quarterly).
https://xbrl.efrag.org/e-esrs/esrs-set1-2023.html#926