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TCFD Disclosures
TCFD Disclosures Governance Describe the board’s oversight of climate-related risks and opportunities.
Risks are reviewed regularly in the Board meetings. Climate risks are not discussed separately but may fall under other types of risks (i.e., market changes). The board has a five-year horizon.
Describe management’s role in assessing and managing climate-related risks and opportunities.
Project risks, including potential climate related risks, are reported monthly to management. Risks are reviewed prior to tender submission and approved by management.
Strategy Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.
See table below (Risks and Opportunities).
Describe the impact of climaterelated risks and opportunities on the organization’s businesses, strategy, and financial planning
Strategic plans are based on national budgets in Norway, Sweden and Finland, outlook in adjacent markets, various reports and own expertise, including National Transportation Plans in Norway and Sweden. Where those budgets or plans are adjusted in respect to climate-related responses, it is likely to require adjustment accordingly to business, strategy and financial planning. These adjustments may present both risks and opportunities. Client ESG requirements or expectations vary, including for climate-related impacts.
Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.
The foundation of NRC Group is to capitalize on an increasing demand for maintenance and construction of low carbon infrastructure and is thereby well positioned for the transition to a low carbon economy.
