Has the company used biodiversity and ecosystems scenario analysis to identify and assess material risks and opportunities over short-, medium-, and long-term time horizons? If so, please describe: (a) why the selected scenarios were chosen, (b) how the scenarios are updated according to evolving conditions and emerging trends, (c) whether the scenarios are informed by expectations published by authoritative intergovernmental bodies, such as the Convention for Biological Diversity, and by scientific consensus, such as that expressed by the Intergovernmental Science-policy Platform on Biodiversity and Ecosystem Services (IPBES)?
CSRD
If your company has used biodiversity and ecosystem scenario analysis to inform the identification and assessment of material risks and opportunities, provide the following details:
Selection of Scenarios:
Explain why the considered scenarios were selected for the analysis.
Include the criteria used for choosing these scenarios, such as relevance to your operations, the severity of potential impacts, or alignment with strategic goals.
Updating Scenarios:
Describe how the scenarios are updated over time, taking into account evolving conditions and emerging trends.
This could include updates based on new environmental data, regulatory changes, scientific advancements, or shifts in market dynamics.
Sources of Scenario Information:
Specify whether the scenarios are informed by expectations published by authoritative intergovernmental bodies, such as the Convention for Biological Diversity or, where relevant, by scientific consensus such as that expressed by the Intergovernmental Science-policy Platform on Biodiversity and Ecosystem Services (IPBES).
If applicable, mention any other recognized sources or frameworks that have influenced your scenario analysis.
Ensure your response outlines how scenario analysis has been used to assess potential risks and opportunities related to biodiversity and ecosystems over various time horizons, and how this information informs strategic decision-making.
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