TCFD REPORT.
CONTENTS.
PREPARED IN ACCORDANCE WITH THE RECOMMENDATIONS OF THE TASK FORCE ON CLIMATERELATED FINANCIAL DISCLOSURES (TCFD).
02 INTRODUCTION 03 GOVERNANCE 05 STRATEGY 13 RISK MANAGEMENT 15 METRICS & TARGETS
MENU 2022 TCFD REPORT
Climate change, actions to reduce emissions and the transition to a low carbon economy are shaping the world around us. Our strategy anticipates that our business will encounter both climate-related opportunities and risks. We want to play a leading role in New Zealand's successful transition. Many of the actions we are taking to play this leading role are featured throughout this report, such as: • our ongoing investment in development of renewable generation at Turitea and our broader wind pipeline, as part of the material contribution our sector will make to support decarbonisation across the economy; and • supporting our vulnerable customers, helping to ensure that the transition is equitable for all consumers, including those experiencing hardship. This specific disclosure statement provides further information on the climaterelated opportunities and risks for Mercury. It is titled a ‘TCFD report’ and we have used that framework to guide our disclosure. For future reports, we anticipate using the Aotearoa New Zealand Climate Standards as our framework for disclosure.
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MERCURY AND CLIMATE CHANGE.