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Assessment of CAP according to the management of its greenhouse gas emissions and of risks and opportunities related to the low-carbon transition.
Current level
Integrating into Operational Decision Making
Level 0: Unaware of Climate Change as a Business Issue
1. Does the company acknowledge climate change as a significant issue for the business?
Level 1: Acknowledging Climate Change as a Business Issue
2. Does the company recognise climate change as a relevant risk and/or opportunity for the business?
3. Does the company have a policy (or equivalent) commitment to action on climate change?
Level 2: Building Capacity
4. Has the company set greenhouse gas emission reduction targets?
5. Has the company published information on its Scope 1 and 2 greenhouse gas emissions?
Level 3: Integrating into Operational Decision Making
6. Has the company nominated a board member or board committee with explicit responsibility for oversight of the climate change policy?
7. Has the company set quantitative targets for reducing its greenhouse gas emissions?
8. Does the company report on Scope 3 emissions?
9. Has the company had its operational (Scope 1 and/or 2) greenhouse gas emissions data verified?
10. Does the company support domestic and international efforts to mitigate climate change?
11. Does the company have a process to manage climate-related risks?
12. Does the company disclose materially important Scope 3 emissions?
Level 4: Strategic Assessment
13. Has the company set long-term quantitative targets for reducing its greenhouse gas emissions?
14. Does the company's remuneration for senior executives incorporate climate change performance?
15. Does the company incorporate climate change risks and opportunities in their strategy?
16. Does the company undertake climate scenario planning?
17. Does the company disclose an internal price of carbon?
18. Does the company disclose the actions necessary to meet its emissions-reduction targets?
Level 5: Transition Planning and Implementation
19. Does the company quantify the key elements of its emissions reduction strategy and the proportional impact of each action in achieving its targets?
20. Does the company's transition plan clarify the role that will be played by offsets and/or negative emissions technologies?
21. Does the company commit to phasing out capital expenditure on carbon intensive assets or products?
22. Does the company align future capital expenditures with its long-term decarbonisation goals and disclose how the alignment is determined?
23. Does the company ensure consistency between its climate change policy and the positions taken by trade associations of which it is a member?
Carbon Performance alignment of companies in the CAP sector with the Paris agreement benchmarks.
The company has set targets to reduce its absolute emissions, but the target refers to the company as a whole and not to steel activities specifically. To calculate this company’s targeted emissions intensity, TPI has assumed that the company’s steel production grows according to the global growth rate projected in the Mission Possible Project’s (MPP) Steel Sector Transition Strategy Model (ST-STSM). When interpreting TPI Carbon Performance data, it is important to bear in mind that climate science shows temperature change is proportional to cumulative absolute CO2 emissions.