TCFD index

TCFD (Task Force on Climate-Related Financial Disclosures) index
Guidance for all sectors Supplemental guidance for non-financial groups (Section “1. Energy Group”)According to “Annex: Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures” (2021). The Report section
GOVERNANCE
Disclose the organisation’s governance around climate-related risks and opportunities a) Describe the Board’s oversight of climate-related risks and opportunities

Sustainability management / Risk management

Sustainability management / Sustainability governance

b) Describe management’s role in assessing and managing climate-related risks and opportunities

Sustainability management / Risk management

Sustainability management / Sustainability governance

STRATEGY
Disclose the actual and potential impacts of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning where such information is material a) Describe the climate-related risks and opportunities the organisation has identified over the short-, medium-, and long-term

Transition impacts (policy requirements, new technologies, changes in market demand)

Expansion of renewable energy

Sustainability management / Risk management

Sustainability management / Innovation

Environment / Climate change

b) Describe the impact of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning Opportunities for increased investment in renewable energy, carbon-capture technologies, and more efficient water usage

Sustainability management / Risk management

ACWA Power at-a-glance / Key 2022 sustainability projects

Environment / Climate change

c) Describe the resilience of the organisation’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario Sustainability management / Risk management
RISK MANAGEMENT
Disclose how the organisation identifies, assesses, and manages climate-related risks a) Describe the organisation’s processes for identifying and assessing climate-related risks Sustainability management / Risk management
b) Describe the organisation’s processes for managing climate-related risks Sustainability management / Risk management
c) Describe how processes for identifying, assessing, and managing climate-related risk are integrated into the organisation’s overall risk management Sustainability management / Risk management
METRICS AND TARGETS
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material a) Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process

Water withdrawn in regions with high baseline water stress

Scope 1 emissions

Environment / GHG emissions

Environment / Water management

b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks Environment / GHG emissions
c) Describe the targets used by the organisation to manage climate-related risks and opportunities and performance against targets

Introduction / CEO’s message

Environment / GHG emissions