4. Metrics and targets
• GHG removals and GHG mitigation projects financed through carbon credits • Internal carbon pricing • Anticipated financial effects from material physical and transition risks and potential climate- related opportunities
Interactions with other ESRS: ESRS E2 Pollution, ESRS S1 Workforce, ESRS 2 Workers in the value chain, ESRS S3 Affected communities, ESRS S4 Consumer and users, ESRS 1 General Requirements, ESRS General disclosures
Additional information
Definitions of key terminology 1. Climate change adaptation: Climate change adaptation is the process of adjusting to the impacts of climate change. It involves modifying systems, policies, and practices to reduce vulnerability and enhance resilience. This concept is central to the Intergovernmental Panel on Climate Change (IPCC) reports and the Paris Agreement. 2. Climate change mitigation: Climate change mitigation means the process of reducing GHG emissions and holding the increase in the global average temperature to well below 2°C and pursuing efforts to limit it to 1,5°C above pre-industrial levels, as laid down in the Paris Agreement. (Based on the Regulation (EU) 2020/852) 3. Energy: Non-renewable energy is energy which cannot be identified as being derived from renewable sources. (Adapted from Annex 1 of the Delegated Regulation with regard to disclosure rules on sustainable investments pursuant to Art. 8(4), 9(6) and 11(5) of Regulation (EU) 2019/2088). Fossil fuels such as oil, natural gas, and coal are examples of non-renewable resources.
– Renewable energy is energy taken from sources that are
inexhaustible. As such, renewable energy covers wind, solar (solar thermal and solar photovoltaic) and geothermal energy, ambient energy, tide, wave and other ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas, and biogas. (Art. 2 (1) Directive (EU) 2018/2001)
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