2022 Sustainability Report | Page 35

ADDRESSING CLIMATE RISK
Climate considerations are integrated throughout TRC ’ s business and strategic planning processes . We regularly evaluate both transitional and physical climate-related risks and opportunities , in line with the recommendations of the Task Force on Climate Related Financial Disclosures ( TCFD ). The table below along with the following sections , summarize our alignment with the TCFD recommendations .
Governance Strategy Risk Management Metrics and Targets
■ Board oversight of climate risks and opportunities
■ ESG Steering Committee
■ Transparency in climate disclosures , including CDP reporting and annual Sustainability Report
■ GHG Inventory Management Plan and third-party assurance
■ Incentives for climate-related revenue growth and operational efficiencies
■ Drive growth in climate-related solutions through ESG and Climate Advisory Platform and crosssector collaboration
■ Acquisitions and key hires
■ Elevate climate thought leadership and participation in net zero aligned organizations
■ Net Zero Commitment with Science-based Interim targets
■ Incorporate climate risks in mergers and acquisitions strategy
Transitional Risk
■ Growth in revenue from climate-related solutions
■ Real estate optimization
■ RECs procurement
■ Fleet vehicle optimization , including idling reductions & vehicle replacements
■ Indirect travel policy
Physical Risks
■ Physical risk assessment using RPC4.5 and RPC8 Scenarios
■ Business Continuity / Disaster Recovery Management ( BCM ) Policy and planning
Metrics
■ Scope 1 , 2 , and 3 GHG emissions MT CO2e absolute & per FTE
■ Energy Use ( Gigajoules / FTE )
■ % Revenue Growth from Clean Energy Services ( efficiency , renewables , storage )
■ Avoided emissions for clients ( kWh and therms ) (> 100 x our footprint )
■ % revenue from climate solutions
■ % renewable energy ( offices )
Targets
■ Net Zero by 2040
■ Near term targets for 2030
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