Power
Water
Drainage
Natural Gas
Phone: 1-866-654-7992
Phone: 1-877-930-3337Email: waterdevelopment@epcor.com
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.
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.
Our annual ESG reporting also expands on our Environment and Climate Change Strategy with:
In alignment with global reporting standards, our ESG reporting discloses Scope 1 and Scope 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. Our Scope of Reporting provides additional detail on the emissions data reported, including material assumptions, assurance processes and range of uncertainty.