The Task Force on Climate-related Financial Disclosures (TCFD) published its recommendations on information regarding climate change to be published by companies in June 2017.
The correspondence table below identifies the actions taken by the Group in response to these recommendations.
In addition to information published in the Universal registration document, this table also refers to the Group’s responses to the CDP "Climate Change" questionnaire, which have taken into account TCFD’s recommendations since 2018.
The Group’s responses are public and may be accessed at www.cdp.net.
| Theme | Recommendations of the TCFD | Renault Group | |
|---|---|---|---|
| Governance | Governance
Disclose the organization’s governance around climate related risks and opportunities. | Governance Recommendations of the TCFD a/ Describe the Board’s oversight of climate-related risks and opportunities | Governance Renault Group Climate Report: p.32-33 URD: 1.5.1, 2.1.6, 2.2.3.A CDP: C1, W6
|
Theme b/ Describe management’s role in assessing and managing climate-related risks and opportunities. |
Climate Report: p.34-35 URD: 1.5.1, 2.1.6, 2.2.3.A CDP: C2, W4
| ||
| Strategy | Strategy
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning where such information is material. | Strategy Recommendations of the TCFD a/ Décrire les risques et opportunités relatifs au climat que l’entreprise a aa/ Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term. à court, moyen et long terme. | Strategy Renault Group Climate Report: p.37-39 URD: 2.2.3.A
|
Theme b/ Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning. |
Climate Report: p.37-39 URD: 2.2.3.A
| ||
Theme c/ Describe the resilience of the organization's strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. |
Climate Report: p.40-44 URD: 2.2.3.A
| ||
| Risk Management | Risk Management
Disclose how the organization identifies, assesses and manages climate-related risks. | Risk Management Recommendations of the TCFD a/ Describe the organization's processes for identifying and assessing climate-related risks. | Risk Management Renault Group Climate Report: p.45 URD: 1.5.2, 2.1.6, 2.2.3.A
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Theme b/ Describe the organization’s processes for managing climate-related risks. |
Climate Report: p.46 URD: 1.5.2, 2.1.6, 2.2.3.A CDP: C2, W3
| ||
Theme c/ Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management. |
Climate Report: p.45-46 URD: 1.5.2, 2.1.6, 2.2.3.A CDP: C2, W3
| ||
| Metrics and targets | Metrics and targets
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material. | Metrics and targets Recommendations of the TCFD a/ Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. | Metrics and targets Renault Group Climate Report: p.47-49; p.51; p.54 |
Theme b/ Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas emissions and the related risks. |
Climate Report: p.52-53 URD: 2.2.3.A
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Theme c/ Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. |
Climate Report: p.50-51 URD: 2.2.3.A
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