Nestlé’s Task Force on Climate-related Financial ...

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nestl s Task Force on C li mate-r elate d Financial Disclosures (TCFD) Report202003 Introduction05 Governance06 2021 climate change governance 07 Strategy08 Climate modeling approach 09 Climate scenarios10 Modeling assumptions 11 Scenario analysis outcomes14 Assessment of resilience 17 Risk management19 Metrics and targets20 2020 Climate-related metrics and targets21 Footnotes and disclaimercontents2Nestle s TCFD Report 2020Risk managementMetrics and targetsIntroductionGovernanceStrategyAs the world s largest food and beverage company, nestl takes the threat of climate change seriously. While climate change poses risks to current business models, it also creates opportunities for companies that act decisively in a competitive environment.

Risks related to physical impacts of climate change: • Acute event-driven extreme weather, e.g. heatwaves, freeze events, drought and water stress, storms, extreme rainfall and flooding • Chronic longer-term climate shifts, e.g. sustained higher temperatures, sea level rise POTENTIAL IMPACTS Depending on the nature and, particularly, the

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