MRM // 2021 Universal Registration Document
3
General information on the issuer and its share capital Management report for the nancial year ended 31 December 2021
Adaptation to climate change • identification of transition risks: identification of the main risks of the energy-climate transition according to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and mapping of these risks including the application of adaptive actions;
• physical risk mapping by building according to two main hazards (heat waves and flooding) and including the implementation of adaptive actions.
Probability
1
Almost certain Probable Possible Unlikely Rare
2
4 3
5
6
7
8
3
2
6 5
7
8
4
1
Impact
Not significant
Minor
Very significant
Moderate
Major
The eight energy-climate risks identified: 1 Energy (regulatory risk) 2 Energy (market/technological risk) 3 Energy (reputational risk) 4 GHG emissions (regulatory risk) 5 GHG emissions (market/technology risk) 6 GHG emissions (reputational risk) 7 Resilience (physical risk – heat waves) 8 Resilience (physical risk – flooding)
Review High Moderate Minor
Gross risk Net risk
While the gross risks can be classified as “moderate” to “major” with a high probability, the adaptive measures implemented by M.R.M. make it possible to significantly mitigate them.
Thus, the net risks finally emerge with a “non -significant” or “minor” impact with a “rare” or “low” probability.
M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT
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