2021 Universal Registration Document
4 CORPORATE RESPONSIBILITY
Environmental Responsibility: Carbon-neutral trajectory – Net-zero emissions by 2028
Incorporating climate risks 3.3. and opportunities into the Group’s strategy
Every year since 2015, this analysis has identified, leading up to 2040, the physical risks (increased probability of extreme weather events), transition-related risks (new carbon regulations) and opportunities, the key ones being set out in section 4.2.2. “Including digital sustainability in our value proposition" (pages 136 to 138). Risks and opportunities identified at the local or national level are flagged up by correspondents to the Group Environmental Sustainability Committee (GESC), which undertakes more in-depth analysis. The findings of this analysis are presented to the relevant business unit heads at meetings of the Corporate Responsibility and Sustainable Development Committee for inclusion in action plans. The most significant issues for the Group may be discussed at meetings of the Group Executive Committee and the Nomination, Governance, Ethics and Corporate Responsibility Committee, which submit their conclusions to the Board of Directors. The CR&SD Director, who is a member of the Group’s Executive Committee, directly informs the Executive Committee of any environmental or climate-related issues requiring particular attention and any decisions that need to be made. Details of our analysis are published every year in Sopra Steria’s responses to the CDP Climate Change questionnaire.
The Group analyses and reviews the impacts of climate change in its general risk mapping each year, but it does not include climate change amongst key residual risks in its five-year risk map (set out in section 1, “Risk factors ” of Chapter 2 of this Universal Registration Document on pages 38 to 44) because the nature of the Group’s business, the variety of sectors in which it operates and its expanding programme of preventative and mitigating actions limit its exposure to such risks. IDENTIFICATION PROCESS 3.3.1. In accordance with the recommendations of the TCFD, Sopra Steria has analysed two climate scenarios , in both qualitative and quantitative terms: the Sustainable Development Scenario (SDS) developed by the International Energy Agency (IEA), which is aligned with the Paris Agreement; and the RCP 8.5 “business as usual” scenario developed by the Intergovernmental Panel on Climate Change (IPCC).
CLIMATE CHANGE RISKS & OPPORTUNITIES 3.3.2. Risks and opportunities relating to climate change are classed as either physical risks or transition risks (changes in the market and reputational risk). They are assessed in light of their time horizon and severity of impact.(non present en FR)
Severity of impact
Market: change in client behaviours Disruption due to increasingly violent and severe weather events and their impact on the Group’s supply chain Physical risk: extreme weather phenomena such as cyclones and flooding Changes in clients’ environmental requirements and impact on the types of solutions and services provided by the Group Reputation: increased stakeholder concerns Brand reputation among all stakeholders and its impact on the Group’s long-term success
Severity of impact
Sustainable digital Sustainable design approach to the development and reduction of the environmental impact associated with the use of digital services, while maintaining a consistently high level of quality and service. IT for Sustainability Harnessing the potential offered by new technologies to develop innovative solutions that protect the environment and the climate.
PHYSICAL RISKS 3.3.3. Risk description: The most significant physical risks for Sopra p Steria are the consequences of increasingly frequent and high-impact extreme climate events such as cyclones and flooding. The potential magnitude of these risks is considered intrinsically low for the Group’s own sites given their current geographical distribution and processes in place. However, the risk is more pressing in the upstream supply chain. Any major event affecting the Group’s suppliers or partners could disrupt the supply of components and the manufacturing and shipping
of equipment. Such situations could adversely affect the Group’s ability to meet its operational and contractual commitments to
Risk management measures: Mitigation plans are in place to p minimise or eliminate the consequences of these physical risks. In particular, these involve agreeing alternative supply arrangements and requiring our suppliers to put in place robust business continuity plans to shift production from affected sites to sites not affected by weather events.
SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021
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