CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Environment
The board of Kaveri Steels Ltd wants to disclose climate risks in a structure built around four pillars: governance, strategy, risk management, and metrics and targets. Which framework uses this four-pillar structure?
The TCFD recommendations use the four pillars of governance, strategy, risk management, and metrics and targets for climate-related financial disclosure. The Kyoto, Montreal and Basel instruments address emission commitments, ozone-depleting substances and hazardous waste respectively, not a disclosure structure.
- ATCFD recommendationsCorrect
- BKyoto Protocol
- CMontreal Protocol
- DBasel Convention
Explanation
The Task Force on Climate-related Financial Disclosures recommendations are organised around governance, strategy, risk management, and metrics and targets. The Kyoto Protocol deals with emission reduction commitments, the Montreal Protocol with ozone-depleting substances, and the Basel Convention with hazardous waste movements.
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