- Describe the organizations processes for identifying and assessing climate related risks
NSG Group Approach
- The Group maintains a formal Enterprise Risk Management (ERM) process, managed by the Strategic Risk Committee (SRC) and based on ISO31000. The SRC defines the risk appetite and tolerance thresholds associated with the Group activities and undertakes a regular process to identify and assess the risks to the achievement of its strategy. Climate related risks are included within the risks identified and monitored by the SRC, and these are assessed using quantitative criteria across four vectors: financial impact; operational impact; compliance impact and reputation impact.
Further Disclosure / Information sources
CDP report 2022 C2.1 - 2.2a