Does the undertaking's process for identifying and assessing material climate-related impacts, risks, and opportunities include an explanation of whether and how the identification of climate-related hazards and the assessment of exposure and sensitivity are informed by high emissions climate scenarios, such as those based on IPCC SSP5-8.5, relevant regional climate projections, or NGFS climate scenarios with high physical risk like "Hot house world" or "Too little, too late"?

Question

Accepted Answer

Changes in specific climate variables are assessed using three of IPCC’s Shared Socioeconomic Pathways (SSP) SSP 1-2.6, SSP 2-4.5, and SSP 5-8.5. SSP 1-2.6 is an aggressive mitigation scenario, where consumption is focused on minimising material resources and energy usage, and net-zero is reached after 2050. SSP 2-4.5 is a ‘middle of the road’ scenario, where emissions remain around current levels until mid-century from where they decline towards 2100. SSP 5-8.5 is a high-emission, worst-case scenario, where fossil-fuel development and dependence continue throughout the 21st century.

Vestas Wind Systems

ESRS disclosure: E1.IRO-1_07

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