Climate scenario analysis and TCFD disclosure

Challenge

Rotork is working towards full-disclosure against the Taskforce on Climate Related Financial Disclosure framework. To achieve this, Rotork required a climate scenario analysis to assess transition and physical impacts in financial terms across its business.

Solution

• TCFD readiness review to assess gaps against TCFD recommendations
• Qualitative assessment of transition and physical risks and opportunities
• Quantification of financial impact for prioritised risks and opportunities
• TCFD implementation strategy and roadmap
• TCFD report

Impact

• Disclosure of results of TCFD analysis in Sustainability Report
• Handover and training on the TCFD quantification of climate risks and opportunities, and discussion on relevant variables and assumptions which sat behind the model and analysis