Sustainability

Task Force on Climate-Related Financial Disclosures

ATCO has always been a proponent of reporting core non-financial information and indicators to provide meaningful, efficient and transparent disclosures in priority areas for customers of our sustainability reporting (i.e. investors, business partners, customers, communities, Indigenous groups, employees, and governments).

In 2020, ATCO expanded alignment to the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) recommendations. We have provided detail and available mapping to existing disclosures below, and plan to continue to evolve our external disclosure around climate risks and opportunities in alignment with the TCFD recommendations. 

For more information on the TCFD please visit www.fsb-tcfd.org.

  • Governance
    Describe the board’s oversight of climate-related risks and opportunities.

    For more information on our overall approach to governance, please visit the Management Proxy Circular (p. 24-31).

     

    Our Sustainability Report (p. 41-42) outlines the role of the board and management in managing climate-related risks and opportunities. 

    Describe management’s role in assessing and managing risks and opportunities.

    For more information on our overall approach to governance, please visit the Management Proxy Circular (p. 24-31).

     

    Our Sustainability Report (p. 41-42) outlines the role of the board and management in managing climate-related risks and opportunities. 

    Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.

    For more information on how we identify climate-related risks and opportunities, please visit the Management’s Discussion & Analysis (p. 7-12) and the Management’s Discussion & Analysis (p. 41-45).

  • Strategy
    Describe the impact of climate related risks and opportunities on the organization’s businesses, strategy, and financial planning.

    For more information on how we incorporate climate-related risks and opportunities into strategy and planning, please visit the Management’s Discussion & Analysis (p. 41-45) and the Management’s Discussion & Analysis (p. 59-66).

     

    In the ‘Climate Change Strategy’ section of the Sustainability Report (p. 14-15), we outline our enterprise strategy as it relates to climate-related risks and opportunities. 

     

    Describe the resilience of the organization’s strategy, taking into consideration different Climate-related scenarios, including a 2°C or lower scenario.

    For more information on how we incorporate climate-related risks and opportunities into strategy and planning, please visit the Management’s Discussion & Analysis (p. 41-45) and the Management’s Discussion & Analysis (p. 59-66).

     

    In the ‘Climate Change Strategy’ section of the Sustainability Report (p. 14-15), we outline our enterprise strategy as it relates to climate-related risks and opportunities. 

  • Risk Management
    Describe the organization’s processes for identifying and assessing climate-related risks.

    For more information on how we identify and assess climate-related risks, please visit the Management’s Discussion & Analysis (p. 59-66)

     

    For more information on how manage climate-related risks, please visit the Sustainability Report (p. 16-18).

     

    Climate-related risks are identified through an established enterprise risk-management process. Please see the Sustainability Report (p. 41-42) for more information. 

    Describe the organization’s processes for managing climate-related risks.

    For more information on how we identify and assess climate-related risks, please visit the Management’s Discussion & Analysis (p. 59-66)

     

    For more information on how manage climate-related risks, please visit the Sustainability Report (p. 16-18).

     

    Climate-related risks are identified through an established enterprise risk-management process. Please see the Sustainability Report (p. 41-42) for more information. 

    Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.

    For more information on how we identify and assess climate-related risks, please visit the Management’s Discussion & Analysis (p. 59-66)

     

    For more information on how manage climate-related risks, please visit the Sustainability Report (p. 16-18).

     

    Climate-related risks are identified through an established enterprise risk-management process. Please see the Sustainability Report (p. 41-42) for more information. 

  • Metrics & Targets
    Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.

    In our Management Proxy Circular (p. 49-63), we outline our strategic priority targets and our performance.

     

    The Performance Summary in our Sustainability Report (p. 46-47) outlines the metrics we use and our performance. 

    Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks

    The Performance Summary in our Sustainability Report (p. 46-47) outlines our Scope 1 and Scope 2 emissions.

     

    In the Sustainability Report (p. 16-18), we outline how we continue to work with an internal team of experts to calculate Scope 3 emissions. 

    Describe the targets used by the organization to manage climate related risks and opportunities and performance against targets.

    In the ‘Scorecard’ section of the Management’s Discussion & Analysis (p. 16-20), we outline our strategic priorities and progress towards targets.

     

    In the Sustainability Report (p. 16-18), we outline how we continue to work with an internal team of experts to define sustainability goals and targets.