TCFD disclosures
| Section | Disclosure | Page |
|---|---|---|
| G – Governance Disclose the organisation’s governance around climate‑related risks and opportunities | Ga) Describe the board’s oversight of climate‑related risks and opportunities | Climate change governance at the end of 2024 |
| Gb) Describe management’s role in assessing and managing climate‑related risks and opportunities | Climate change governance at the end of 2024 | |
| S – Strategy Disclose the actual and potential impacts of climate‑related risks and opportunities on the organisation’s businesses, strategy, and financial planning | Sa) Describe the climate‑related risks and opportunities the organisation has identified over the short, medium, and long term | Physical risks |
| Sb) Describe the impact of climate‑related risks and opportunities on the organisation’s businesses, strategy, and financial planning | Sustainability assessment of Nornickel’s product portfolio | |
| Sc) Describe the resilience of the organisation’s strategy, taking into consideration different climate‑related scenarios, including a 2 °C or lower scenario | Sustainability assessment of Nornickel’s product portfolio | |
| R – Risk Management Disclose how the organisation identifies, assesses, and manages climate‑related risks | Ra) Describe the organisation’s processes for identifying and assessing climate‑related risks | Physical risks, Transition risks and opportunities |
| Rb) Describe the organisation’s processes for managing climate‑related risks | Climate‑related risks and opportunities | |
| Rc) Describe how processes for identifying, assessing, and managing climate‑related risks are integrated into the organisation’s overall risk management | Climate‑related risks and opportunities | |
| M – Metrics and Targets Disclose the metrics and targets used to assess and manage relevant climate‑related risks and opportunities where such information is material | Ma) Disclose the metrics used by the organisation to assess climate‑related risks and opportunities in line with its strategy and risk management process | Nornickel’s climate change strategy and goals |
| Mb) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks | Environmental and Climate Change Strategy, Scope 1 and 2 GHG emissions | |
| Mc) Describe the targets used by the organisation to manage climate‑related risks and opportunities and performance against targets | Nornickel’s climate change strategy and goals, Nornickel’s Key Focus Areas of Carbon Neutrality |