Academic Journal of Business & Management, 2023, 5(16); doi: 10.25236/AJBM.2023.051610.
Xinjie Gao
Business and Economics Faculty, University of Melbourne, Victoria, 3010, Australia
It is ever increasingly imperative that organisations around the globe further their knowledge and understanding of their risk positioning in a rapidly changing climate. Global investment powerhouse BlackRock in its 2020 Sustainability Survey noted that 37% of its invested assets by 2025 would be required to illustrate a sustainable management approach [1]. The Financial Stability Board created the Task Force for Climate Disclosures (TCFD) in order to assist the development of recommendations surrounding type of information that organisations should voluntarily disclose. The TCFD in 2017 released its climate- related risks and opportunities framework which aimed to create a standardised framework that better disclosed information surrounding capital allocation [2]. This report is a Scenario Analysis prepared for H&M Group based on the above TCFD guiding principles. It is divided into seven sections; company introduction, analysis of climate-related risks, understanding the selected climate scenarios, evaluation of business impacts, potential responses, a brief discussion outlining potential improvements to the scenario risk analysis and the conclusion.
TCFD, H&M, Scenario Analysis
Xinjie Gao. A Scenario Analysis of TCFD Implementation—As an Example of H&M. Academic Journal of Business & Management (2023) Vol. 5, Issue 16: 68-75. https://doi.org/10.25236/AJBM.2023.051610.
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