Climate-related risks are embedded within our broader risk management framework, ensuring alignment with financial, operational, and reputational risks. This integration includes: INTEGRATION INTO ENTERPRISE RISK MANAGEMENT By integrating climate risks into corporate governance and financial planning, we enhance resilience and safeguard business continuity and long-term sustainability. Aligning climate risk assessments with existing risk categories such as credit, market, and operational risks. Establishing monitoring systems to track climate-related risks and their financial implications. Incorporating climate considerations into investment and operational decisions. Ensuring Board and senior management oversight, with regular reviews of climate risk exposure and mitigation actions. Broader Risk Management Framework To drive accountability and track progress, we are establishing a comprehensive set of climate-related metrics aligned with international reporting frameworks. By integrating these metrics into business performance reviews, we enhance data-driven decision-making and ensure continuous progress toward our climate commitments. METRICS AND TARGETS KEY CLIMATE INDICATORS Energy consumption & efficiency: Monitoring operational sustainability. GHG emissions: Enhancing data collection and optimising GHG emissions inventories. Climate resilience indicators: Evaluating extreme weather impacts on all business operations. Regulatory compliance tracking: Ensuring compliance with evolving climate policies to mitigate risks and uphold regulatory standards. These metrics are being integrated into our risk management and reporting frameworks, reinforcing data-driven decision-making. Further information can be found in Energy Management on page 148 of this report. Our GHG accounting framework is designed to ensure transparency, consistency, and alignment with global climate reporting standards. • Base Year: 2019 • Frameworks Referenced: United Nations Framework Convention on Climate Change (UNFCCC), Intergovernmental Panel on Climate Change (IPCC), and GHG Protocol • Boundary Approach: Operational control, covering emissions from FGV’s direct operations (Scope 1 & 2) and supply chain (Scope 3). • Emissions Factors: Derived from IPCC and other recognised sources to ensure standardised reporting. GHG METHODOLOGIES AND INVENTORY Category Emissions 2024 (tCO2e) Scope 1 3,707,519.25 Scope 2 210,819.96 Scope 3 18,684,551.92 Note: The 2024 emissions data is generated based on assumptions derived from 2022 data. 147 Sec 05 DRIVING VALUE THROUGH BUSINESS GROWTH (SUSTAINABILITY REVIEW)
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