GOVERNANCE
TCFD 103-2
The Group’s general ESG strategy covers the management of climate risks and opportunities. Identifying and assessing climate risks and opportunities and integrating such processes into the activities of the Group companies are part of Moscow Exchange’s Sustainability Roadmap. In implementing the Roadmap, the Group companies and management bodies get a better understanding of the climate agenda and the tasks faced by the Group.
Moscow Exchange Group works to improve its business processes with due regard for climate risks and introduce new operating models. This approach facilitates the taking of more weighted strategic decisions in planning out the Group’s activities.
- build resilience to climate risks;
- take full advantage of climate change;
- contribute to achieving the Paris Agreement objectives.
The Supervisory Board and the Risk Management Committee consider climate risks and opportunities, analyzing the quality of their management and the effectiveness of the Group companies’ activities. Members of the Supervisory Board participate in climate risk management by preparing instructions for the Group companies and ensuring that the climate agenda is included in the Group’s medium-term and long-term strategy. Members of the Executive Board oversee the Group’s climate risk management plans and actions.
- UN Framework Convention on Climate Change, and the Paris Agreement dated 12 December 2015;
- Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) The Task Force operates under the Financial Stability Board and provides recommendations on the voluntary disclosure of risks posed by global climate change. .