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Skip Navigation LinksEPCOR / About EPCOR / Who We Are and What We Do / Sustainability Reporting / Climate-Related Disclosures

The Task Force on Climate-related Financial Disclosures (TCFD) recommendations form a global foundation for climate-related disclosures. The standards set by the Sustainability Accounting Standards Board (SASB), Climate Disclosure Standards Board (CDSB), and Global Reporting Initiative (GRI) support implementation of the TCFD recommendations by providing structures for collecting and disclosing uniform quantitative and qualitative information on material, climate-related risks and opportunities. This section provides an overview of the EPCOR disclosures that align with these standards, with a climate-related focus.

Corporate governance and risk management

Our approach to risk management, including our governance of climate-related risk and its integration into the company's Enterprise Risk Management (ERM) system, as well as the roles of the board and company leadership in that process, are described in our quarterly MD&As​ and our Annual Information Forms. The MD&As discuss weather and climate change risks the company faces, including physical and transitional risks.

Our ESG reporting expands on these disclosures with additional information on physical climate risks from flooding, drought and weather pattern changes, and our work to monitor and mitigate those impacts.

​Strategy

Our annual ESG reporting also expands on our Environment and Climate Change Strategy with:

  • Broadened and accelerated targets for greenhouse gas mitigation, and information on how the 2025 target will be met and what work will remain.
  • A description of risks to certain utility infrastructure from river flooding, the investments and timelines for mitigating those risks, and the residual risk that will remain following completion of that work.
  • A description of risks to water sources in Canada and the United States, and our programs and investments to monitor and sustain water volume and quality.
  • Information on the capital investment opportunities and benefits from our community flood mitigation programs.
  • Links to additional public information that describes these programs and investments in greater detail.

​Metrics and targets

In alignment with global reporting standards, our ESG reporting discloses Scope 1 and Sco​pe 2 greenhouse gas emissions for EPCOR-owned operations by volume and by source type along with targets for net emissions in 2025, 2035 and 2050. These targets have been broadened and accelerated from those disclosed in the 2020 Annual Information Form. We also report on the activities underway to meet the 2025 targets, and the residual emissions that will remain to be addressed to achieve medium- and long-term targets. O​ur Scope of Reporting provides additional detail on the emissions data reported, including material assumptions, assurance processes and range of uncertainty. ​

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