EDF / 2020 Universal Registration Document

3 NON-FINANCIAL PERFORMANCE Carbon neutrality and the climate

Implementation of Task Force on 3.1.3.2 Climate-related Financial Disclosures (TCFD) recommendations The EDF group and the TCFD 3.1.3.2.1 The TCFD (Task force on Climate-related Financial Disclosures) is a G20 Financial Stability Board (FSB) working group set up after the 2015 COP 21 conference with a view to improving companies’ financial transparency in climate-related matters. The EDF group was one of the world’s first organisations to commit to supporting this approach and is officially listed on the TCFD site as a “TCFD supporter” (1) . The TCFD (2) recommendations set out the climate reporting components companies are expected to provide in their reference documents, in four broad areas: governance, strategy, risk management, and indicators. Since 2018, the EDF group’s non-financial performance statement has included a concordance table enabling exhaustive identification of the Group’s responses to the TCFD’s recommendations (see section 3.9.3 “Further details relating to compliance with TCFD requirements”). The EDF group also responds every year to questionnaires from non-financial rating agencies specialised in analysing corporate strategies to combat climate change. One

of the best-known is the CDP (originally “Climate Disclosure Project”) questionnaire, which is structured to match the TCFD’s recommendations. The EDF group’s response to the CDP questionnaire is public. Section 3.8 “Non-financial rating” features all the EDF group’s 2020 reporting results.

Identifying climate change risks 3.1.3.2.2 and opportunities

To assess climate risks, the EDF group uses the classification proposed by the TCFD that distinguishes between physical risks (extreme and chronic climate events) and transition risks (legal risks, political and regulatory risks, customer-market risks, technological risks, financial risks). The EDF group identified climate risk as a priority in 2018, addressing it in a report from the Group’s Scientific Council in March 2019, as well as in the detailed analysis presented to the EDF group’s Executive Committee and the Board of Directors Audit Committee in October 2019. section 3.9.4 “Summary of EDF group climate risks” provides a detailed description of the risks and opportunities identified in this analysis, as well as their potential impact on the Group’s business. These risks are also listed in section 2.2.3 “Group transformation and strategic risks”, risk factor 3B, “Adapting to climate change: physical and transition risks”.

(1) fsb-tcfd.org/tcfd-supporters. (2) Recommendations of the Task Force on Climate related Financial Disclosures, TCFD, June 2017.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020