EDF / 2018 Reference document

ENVIRONMENTAL AND SOCIETAL INFORMATION – HUMAN RESOURCES Appendices and correspondence tables

3.8.3

TCFD RECOMMENDATIONS

In addition to section 3.2.1 “Committed to climate action”, this section summarises climate change governance and presents a concordance table between the different sections of this Reference Document and TCFD recommendations.

Risk identification and management The process of identifying and prioritising risks, both at EDF Group level and entity level, takes into account climate change-related risks, including existing and emerging regulatory risks. We incorporate the identified risks into our general risk control processes.

Governance

3.

The Board of Directors and its various committees examine the risks (primarily by mapping Group risks) and opportunities arising from climate change, as well as their impact on the Group’s strategy and business activities.

The Sustainable Development Department is responsible for issues

relating to climate change, including the assessment and

Defining the strategy

management of climate change-re- lated aspects, in partnership with the relevant Group departments, particularly in the SD Committee. This responsibility is part of the strategic management of all CSR issues exercised by the Strategic Social Responsibility Committee chaired by a member of the Executive Committee.

Identified climate change-related risks and opportunities have an impact on EDF Group’s strategy, particularly as regards developing products and services for the various subsidiaries, implementing measures to adapt and mitigate these risks, research and develop- ment investment and Group operations.

The Executive Committee reviews the emissions balance annually in the light of the Group’s decarboni- sation trajectory.

Settings goals

Goals are set as part of the strategy defined by the Group, which include reducing direct emissions to 30 Mt CO 2 by 2030, and achieving carbon neutrality by 2050. Key indicators are monitored to assess the Group’s environmental and climate performance (direct and indirect emissions, water consump- tion, etc.), to make the strategy adapt accordingly and to identify potential emerging risks.

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