FIRSTRAND LIMITED 2021
Climate-related Financial Disclosures
Introduction - FirstRand | Climate context for FirstRand's | Governance | Strategy | Risk | Metrics and | Climate | Moving | Alignment to TCFD | ||||||||
and climate change | operating jurisdictions | management | targets | roadmap | forward | recommendations | ||||||||||
TCFD provides a framework
for FirstRand's climate reporting
This report represents disclosure in line with the recommendations and requirements of the Task Force on Climate-related Financial Disclosures (TCFD).
This report covers the activities of FirstRand Limited (FirstRand or the group).
PAGE REFERENCES
1 Introduction - FirstRand and climate change
The chairman and CEO explain why climate change is an imperative for the group.
This section summarises the group's climate change approach, and provides updated ambitions and commitments.
4 Strategy
Explains the actual and potential impacts of climate-related risks and opportunities on the group's businesses, strategy and financial planning.
7 Climate roadmap
Tracks the group's progress against its five-year roadmap.
Refers readers to information elsewhere in this report or to the FirstRand group's 2021 annual integrated report
WEBSITE
Indicates that additional information is available on the internet. Click on links in the report
NAVIGATING THIS REPORT
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SEE FULL CONTENTS PAGE
SEE FIRSTRAND'S COMMITMENTS
2 Context
Provides context for the group's operating jurisdictions and climate pathways.
3 Governance
Explains how the group governs climate-related risks and opportunities.
5 Risk management
Explains how the group identifies, assesses and manages climate-related risks.
6 Metrics and targets
Provides the metrics and targets used to assess and manage relevant climate-related risks and opportunities.
8 Moving forward
The Chief Risk Officer provides insight into FirstRand's future focus areas for climate change.
Alignment to TCFD
9 recommendations
Maps the group's alignment with the TCFD framework.
TA S K F O R C E O N C L I M AT E - R E L AT E D F I N A N C I A L D I S C L O S U R E S 2021 REPORT
Introduction - FirstRand | Climate context for FirstRand's | Governance | Strategy | Risk | Metrics and | Climate | Moving | Alignment to TCFD | ||||||||
and climate change | operating jurisdictions | management | targets | roadmap | forward | recommendations | ||||||||||
Contents
1 Introduction - FirstRand and climate change
Message from the Chairman | 02 | |
Message from the Group Chief Executive Officer | 03 | |
Background | 04 | |
FirstRand's climate change approach | 05 | |
FirstRand's updated climate ambitions and | ||
commitments | 07 | |
Progress highlights | 09 | |
2 | Context | |
Portfolio of operations | 11 | |
South African context | 12 | |
Other operating jurisdictions | 15 | |
Industry forums and pilots | 19 | |
3 | Governance | |
Governance structure | 22 | |
Incorporation of climate change considerations | ||
into remuneration practices | 24 | |
4 | Strategy | |
Overview | 26 | |
Client solutions | 27 | |
Incorporating climate factors into financial | ||
resource management | 32 | |
Risks to the strategy | 33 |
5 Risk management
FirstRand's approach to climate | |
risk management | 35 |
Climate-sensitive sectors | 42 |
6 Metrics and targets
Financed emissions | 48 |
Own emissions | 50 |
7 Climate roadmap
Climate roadmap | 52 |
8 Moving forward
Message from group CRO | 55 |
9 Alignment to TCFD recommendations
Alignment to TCFD recommendations | 57 |
TA S K F O R C E O N C L I M AT E - R E L AT E D F I N A N C I A L D I S C L O S U R E S 2021 REPORT
Introduction - FirstRand | Climate context for FirstRand's | Governance | Strategy | Risk | Metrics and | Climate | Moving | Alignment to TCFD | ||||||||
and climate change | operating jurisdictions | management | targets | roadmap | forward | recommendations | ||||||||||
1
Introduction: FirstRand and climate change
This section summarises the group's climate change approach, and provides updated ambitions and commitments.
Message from the Chairman
Message from the Group Chief Executive Officer
Background
FirstRand's climate change approach
FirstRand's updated climate ambitions and commitments
Progress highlights
TA S K F O R C E O N C L I M AT E - R E L AT E D F I N A N C I A L D I S C L O S U R E S 2021 REPORT | 0 1 |
Introduction - FirstRand | Climate context for FirstRand's | Governance | Strategy | Risk | Metrics and | Climate | Moving | Alignment to TCFD | ||||||||
and climate change | operating jurisdictions | management | targets | roadmap | forward | recommendations | ||||||||||
Message from the Chairman
FirstRand is pleased to present this TCFD report
to all stakeholders. As we refine the disclosure of our climate-related risks, our shareholders and society in general will be better informed on our efforts to mitigate the severe impact of climate change on our planet.
The measures that we take today will have profound consequences for future generations.
ROGER JARDINE | CHAIRMAN
TA S K F O R C E O N C L I M AT E - R E L AT E D F I N A N C I A L D I S C L O S U R E S 2021 REPORT | 0 2 |
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Disclaimer
FirstRand Ltd. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 16:07:09 UTC.
