Climate change adaptation plan

Kern van de disclosure

Disclosure 102-2 requires an organization to describe its plan to adapt to the actual and potential effects of climate change across its activities and its upstream and downstream value chain. The disclosure distinguishes between impacts associated with climate change-related risks and opportunities, which inform the development of the adaptation plan, and impacts that arise from implementing the plan.

The organization must describe the impacts on people and the environment associated with its physical risks, transition risks relevant to adaptation, and climate change-related opportunities, and explain how these impacts were considered in developing the adaptation plan. Physical risks can be acute, such as storms and floods, or chronic, such as rising temperatures, heatwaves, drought and water scarcity.

The adaptation plan must include the organization’s policies and actions to adapt to climate change. Actions can include nature-based adaptation, engineering solutions, technological solutions, climate-proofing facilities, working with suppliers, supporting community disaster preparedness, and improving access to water and other essential services.

The organization must identify the climate change-related scenarios used, the temperature projections included in them, and the methodologies and assumptions applied. It should use a range of scenarios, including at least one high-emissions scenario with warming well above 2°C and one scenario compatible with the Paris Agreement. Where non-IPCC scenarios are used, the organization should explain the reason for their selection and how they align with the latest science.

The organization must report the expenditure incurred in implementing the adaptation plan both as a monetary value and as a percentage of its total expenditure for the reporting period. The percentage must be calculated using total organizational expenditure as the denominator, not the budget or total planned cost of the adaptation programme. The organization should reconcile the amounts with financial information and report the CapEx and OpEx breakdown.

The organization must identify the governance bodies or individual roles responsible for overseeing and implementing the adaptation plan and describe their responsibilities. It should distinguish the oversight responsibilities of the highest governance body from the implementation responsibilities of senior executives.

The organization must report the targets used to achieve the adaptation plan and its progress toward them. Targets can relate to physical-risk assessments, implementation of site adaptation plans, employee training, resilience testing, heat-related illness, damage costs and adaptive capacity.

The organization must explain how the adaptation plan aligns with just transition principles and how engagement with affected stakeholders informs its development and implementation. It should identify affected and potentially affected workers, trade unions, local communities, Indigenous Peoples, suppliers, governments and at-risk or vulnerable groups, and explain how their concerns influenced the plan.

The organization must describe the positive and negative impacts on people and the environment that result from implementing the adaptation plan and the actions taken to manage them. It must consider workers, local communities, Indigenous Peoples and biodiversity separately. It should also describe impacts that could arise if the adaptation plan is not implemented.

If the organization does not have an adaptation plan, it must explain why the plan does not exist, describe the steps being taken to develop it and report the expected time frame.

The organization should report how frequently the adaptation plan is reviewed, changes made since the previous reporting period and any alignment with applicable national, regional or sectoral adaptation plans. Information already reported under Disclosures 102-1, 2-12, 2-13, 2-23, 2-29, 3-3 or 101-2 can be incorporated through clear cross-references where it fully addresses the relevant requirement.

Disclosure 102-2 applies when climate change has been determined to be a material topic and the disclosure is relevant to the organization’s climate change-related impacts. It supplements and does not replace Disclosure 3-3. Reasons for omission are permitted in accordance with GRI 1.

Dit educatieve materiaal van LRA ondersteunt het opstellen van de disclosure. Raadpleeg voor de exacte vereisten altijd de officiële Global Reporting Initiative-bron.