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TCFD Recommendations (690.0KB).pdf

TCFD-recommendations-2022.pdf

Preview of TCFD recommendations (690.0KB)

🔗 Source: philips.com

📊 Size: 689 KB

📄 Pages: 20 pages

⬇️ Downloads: 101

Summary

Philips recognizes the importance of identifying, assessing, and mitigating climate-related risks to ensure business continuity and resilience. The company provides annual Task Force on Climate-related Financial Disclosures (TCFD) recommendations to inform stakeholders about climate-related risks and opportunities. Philips has identified 15 climate-related vulnerabilities, including physical, regulatory, technological, market, reputational, and social risks. The company's governance around climate-related risks and opportunities is overseen by the Executive Committee and the ESG Committee, which defines Philips' ESG strategy and monitors progress. Philips has conducted a site-specific analysis of physical risk factors using external tools and internal expertise, considering four acute physical risks and one chronic risk. The company's approach to assessing and managing climate-related risks and opportunities is driven by its Environmental, Social & Governance (ESG) commitments, including reducing CO2 emissions in line with a 1.5 °C global warming scenario.

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Description

Philips recognizes the importance of identifying, assessing, and mitigating climate-related risks to ensure business continuity and resilience.

Technical Information

File Format: PDF
File Size: 689 KB
Pages: 20
Language: EN
Total Downloads: 101
Last Updated: 2 weeks ago

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This PDF document about TCFD recommendations (690.0KB) provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into TCFD recommendations (690.0KB).