Targets to Manage Climate Related Risks and Performance Against Them
We help you describe the targets you use to manage climate related risks and opportunities and your performance against them
What this element is and why it matters
TCFD Metrics and Targets Disclosure (c) asks your organisation to describe the targets you use to manage your climate risks and opportunities and your performance against them. These targets typically include SBTi validated near term and long term emission reduction alongside energy and water efficiency, renewables and capital deployment, and our team helps you set them and report on them honestly.
Individual significance for organisations
Disclosure MT c is where TCFD reporting discloses commitment with a timeline attached. Investors look here for evidence of a credible decarbonisation pathway, and an SBTi validated target carries far more weight than one you have simply declared yourself.
Contribution to Climate Risk and TCFD and ISSB S2 Aligned Disclosure
Disclosure MT c connects every previous TCFD disclosure into firm commitments. Reporting your performance against those targets becomes the ongoing accountability signal that runs through all your investor communication.
What compliant execution looks like
How we implement this element
A focused six step methodology calibrated to deliver targets to manage climate related risks and performance against them as a working capability rather than a documented compliance artefact.
Working to the SBTi Net Zero Standard or an equivalent, we define your near term targets over five to ten years and your long term target for 2050 and align them with a 1.5°C pathway.
We define your base year, typically between 2018 and 2020, document the inventory boundary per MT b and specify whether the targets are intensity based or absolute.
We submit to the SBTi per the Net Zero Standard, respond to the validation queries, secure validation approval and commit you to public reporting.
We build a multi year capital and operational plan to reach the targets and align it with your corporate strategic planning.
Each year we report on your emission trajectory against target, document the drivers and the variances and integrate it with your annual report and CDP.
We author MT c to TCFD with the target detail, the baseline, the performance and the roadmap, all aligned with IFRS S2 and CSRD ESRS E1.
Element implementation flow chart
A decision gated workflow that shows the actual sequence of activities from initiation through steady state operation, with key decision points highlighted.
What we produce
- An SBTi validated target submission
- A decarbonisation roadmap
- Disclosure MT c content to TCFD
- A marginal abatement cost curve
- A target baseline and boundary definition note
- An annual performance against target tracker
Where execution fails
- Targets self declared with no external validation behind them
- A roadmap that is missing, leaving the targets with no path to reach them
- Performance reporting that is absent or pushed to the back of the period
- A net zero claim that leans on avoidance offsets rather than durable removals
Codes this element is built on
Explore related elements in this framework
Climate Risk and TCFD and ISSB S2 Aligned Disclosure full element index
Talk to us about implementing Targets to Manage Climate Related Risks and Performance Against Them
We can scope this element implementation against your facility, regulatory context, and existing management system maturity, then integrate it with the other Climate Risk and TCFD and ISSB S2 Aligned Disclosure elements you already operate.