Task Force on Climate Related Financial Disclosures (TCFD)
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Wood supports the principles of the TCFD recommended disclosures through the information we publish in our Annual Report and Accounts, Sustainability Report and voluntary CDP Climate Change reporting. The below index is intended to guide our stakeholders to where we disclose information against each of the recommendations, where this is held in the public domain.

Governance

Disclose the organization’s governance around climate-related issues and opportunities.

a) Describe the board’s oversight of climate-related risks and opportunities
CDP (sections C1.1b), Sustainability Report (pg 22-24, pg 75), Annual Report (pg 58-64)

b) Describe the management’s role in assessing and managing climate-related risks and opportunities.
CDP (sections C1.2, C1.2a), Sustainability Report (pg 24, pg 75), Annual Report (pg 58-64)

Strategy

Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s business, strategy and financial planning where such information is material.

a) Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.
CDP (section C2.1a, C2.3, C2.3a, C2.4, C2.4a)

b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning.
CDP (section C2.3a, C2.4a, C3.1, C3.2a, C3.3, C3.4), Sustainability Report (pg 77-80, pg 86-90, PG 96-99), Annual Report (pg 58-64)

c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.
CDP (section C3.2, C3.2a,), Sustainability Report (77-80, pg 86-90), Annual Report (pg 15, pg 43-47, pg 58-64)

Risk management

Disclose how the organization identifies, assesses and manages climate-related risks.

a) Describe the organization’s processes for identifying and assessing climate-related risks
CDP (section C2.1, C2.2, C2.2a), Sustainability Report (pg 24 & pg 75), Annual Report (pg 58-64)

b) Describe the organization’s processes for managing climate-related risks.
CDP (section C2.1, C2.2), Sustainability Report (pg 24 & 75), Annual Report (pg 58-64)

c) Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management.
CDP (section C2.1, C2.2), Sustainability Report (pg 24 & 75), Annual Report (pg 58-64)

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 organization to assess climate-related risks and opportunities in line with its strategy and risk management process
CDP (section C4.2, C9.1), Sustainability Report (pg 76, pg 107), Annual Report (pg 15, pg 43-46)

b) Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 GHG emissions, and the related risks.
CDP (section C6.1, C6.3, C6.5), Sustainability Report (pg77, pg 107), Annual Report (pg 18, pg 43-46)

c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.
CDP (section C4.1, C4.1a, C4.2), Sustainability Report (pg 6-7, pg 15, pg 25, pg 76, pg78), Annual Report (pg 18, pg 43-47)