Describe the organisation's processes for managing climate-related risks
TCFD Risk Management Disclosure (b) requires organisations to describe how identified climate risks are MANAGED — accept, avoid, transfer, or reduce decisions; risk-treatment plans; monitoring; performance against treatment plans.
RM-b is where TCFD discloses what the organisation DOES with identified risks. Investors look for evidence of substantive treatment rather than passive acceptance.
RM-b operationalises RM-a identification. It also feeds Metrics & Targets disclosures by providing the metrics that measure treatment effectiveness.
A focused 6-step methodology calibrated to deliver process for managing climate risks as a working capability — not a documented compliance artefact.
Per ISO 31000 — define accept / avoid / transfer / reduce options per risk; align with corporate risk appetite.
Per material climate risk, develop treatment plan with owner, target date, KPI, budget.
Identify hedging instruments (carbon offsets, weather derivatives), insurance coverage (catastrophe, transition); specify scope.
Catalogue capital investments addressing climate risks — physical adaptation, technology substitution, supply chain diversification.
Establish monitoring cadence; integrate with management committee reviews and board reporting.
Author RM-b per TCFD; align with IFRS S2 / CSRD ESRS.
Decision-gated workflow showing the actual sequence of activities — from initiation through steady-state operation — with key decision points highlighted.
We can scope this element implementation against your facility, regulatory context, and existing management-system maturity — and integrate it with the other Climate Risk & TCFD / ISSB S2-Aligned Disclosure elements you already operate.