As governments take steps to limit greenhouse gas emissions and mandate reporting in line with the Task Force on Climate-related Financial Disclosure; disclosing reduction targets, detailing strategies for embedding climate change throughout their business models and services and providing progress therein to shareholders, is an important means of assuring shareholders that management is taking seriously the physical and transition risks associated with climate change.

The Climate Action 100+, an investor-led initiative focused on reducing corporate greenhouse gas emissions, has established a benchmark — the Climate Action 100+ Net-Zero Company Benchmark (the “Benchmark”) — to asses a company’s performance in the areas of emissions reduction, governance, and disclosure.

TCI is asking the Company to disclose to shareholders whether, how and to what extent the Company’s plans to reduce its greenhouse gas emissions are aligned with the following ten Disclosure Indicators:



(1)
Net-zero GHG Emissions by 2050 (or sooner) ambition;

(2)
Long-term (2036-2050) GHG reduction target(s);

(3)
Medium-term (2026-2035) GHG reduction target(s);

(4)
Short-term (up to 2025) GHG reduction target(s);

(5)
Decarbonisation strategy;

(6)
Capital allocation alignment;

(7)
Climate policy engagement;

(8)
Climate Governance;

(9)
Just transition: The company considers the impacts from transitioning to a lower-carbon business model on its workers and communities; and

(10)
TCFD Disclosure.