NCC Group recognise the importance of identifying the financial and non-financial impacts of climate change on the business. To make more informed financial decisions, we and our investors, lenders and insurance under-writers need to understand how climate related risks and opportunities are likely to impact NCC Group’s future financial position.
A robust approach to assessing climate change risks and opportunities will support us to develop business strategies, which will support future sustainability and growth. While we are not required to report against the Task Force on Climate-Related Financial Disclosures (TCFD) requirements this year, we recognise the importance of the initiative. And we have established a partnership with Willis Towers Watson to further develop our approach to identifying and assessing climate change risk, which will support the development of a robust strategy.
The model to achieve this is summarised below: