ANNUAL REPORT 2025 85 SUSTAINABILITY REPORT IFRS S2 CLIMATE-RELATED DISCLOSURES CONTENT INDEX Reference number Requirement Page, reference or additional comment Governance IFRS S2.6 To achieve this objective, an entity shall disclose information about: (a) the governance body(s) (which can include a board, committee or equivalent body charged with governance) or individual(s) responsible for oversight of climate-related risks and opportunities. Specifically, the entity shall identify that body(s) or individual(s) and disclose information about: (i) how responsibilities for climate-related risks and opportunities are reflected in the terms of reference, mandates, role descriptions, and other related policies applicable to that body(s) or individuals(s) Page 45 to 50 (Climate Change) (ii) how the body(s) or individual(s) determines whether appropriate skills and competencies are available or will be developed to oversee strategies designed to respond to climate-related risks and opportunities Page 58 to 60 (Knowledge Empowerment) (iii) how and how often the body(s) or individual(s) is informed about climate-related risks Page 45 to 50 (Climate Change) (iv) how the body(s) or individual(s) takes into account climate-related risks and opportunities when overseeing the entity’s strategy, its decisions on major transactions, and its risk management processes and related policies, including whether the body(s) or individual(s) has considered trade-offs associated with those risks and opportunities Page 45 to 50 (Climate Change) (v) how the body(s) or individual(s) oversee the setting of targets related to climaterelated risks and opportunities, and monitors progress towards those targets (see paragraphs 33-36), including whether and how related performance metrics are included in remuneration policies (see paragraph 29(g)) Page 45 to 50 (Climate Change) (b) management’s role in the governance processes, controls and procedures used to monitor, manage, and oversee climate-related risks and opportunities, including information about: (i) whether the role is delegated to a specific management-level position or management-level committee and how oversight is exercised over that position or committee Page 27 to 29 (Sustainability Governance) (ii) whether management uses controls and procedures to support the oversight of climate-related risks and opportunities and, if so, how these controls and procedures are integrated with other internal functions. Page 45 to 50 (Climate Change) Strategy IFRS S2.10 An entity shall disclose information that enables users of general purpose financial reports to understand the climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects. Specifically, the entity shall: (a) describe the climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects Page 45 to 50 (Climate Change) (b) explain, for each climate-related risk the entity has identified, whether the entity considers the risk to be a climate-related physical risk or climate-related transition risk (c) specify, for each climate-related risk and opportunity the entity has identified, over which time horizons – short, medium or long term -– the effects of each climate-related risk and opportunity could reasonably be expected to occur (d) explain how the entity defines ‘short term’, ‘medium term’ and ‘long term’ and how these definitions are linked to the planning horizons used by the entity for strategic decisionmaking. IFRS S2.13 An entity shall disclose information that enables users of general purpose financial reports to understand the current and anticipated effects of climate-related risks and opportunities on the entity’s business model and value chain. Specifically, the entity shall disclose: (a) a description of the current and anticipated effects of climate-related risks and opportunities on the entity’s business model and value chain Page 45 to 50 (Climate Change) (b) a description of where in the entity’s business model and value chain climate-related risks and opportunities are concentrated (for example, geographical areas, facilities and types of assets).
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