Risk management Disclose how the organisation identifies, assesses and manages climate-related risks. a) Describe the organisation’s processes for identifying and assess- ing climate-related risks.
Climate-related risks have been integrated into Metsä Board’s overall risk management:
SR: Sustainability management pp. 2–3 SR: Climate-related risks and opportunities pp. 18–19 BDR: Most significant risks and uncertainties pp. 85–88 CG: Risk management p. 174 BDR: Most significant risks and uncertainties pp. 85–88 CG: Risk management p. 174
b) Describe the organisation’s processes for managing climate-re- lated risks. c) Describe how the processes for identifying, assessing and manag- ing climate-related risks are integrated into the organisation’s overall risk management.
Climate-related risks have been integrated into Metsä Board’s overall risk management:
SR: Sustainability management pp. 2–3 BDR: Most significant risks and uncertainties pp. 85–88 CG: Risk management p. 174
Climate-related risks are assessed as part of Metsä Board’s assessment process for overall risks. The results of the risk assessment are presented to the Board of Directors and the Audit Committee twice a year. The risks are assessed with a risk matrix which accounts for the magnitude of a risk’s potential financial impact and the likelihood of the risk’s materialisation.
Metrics and targets Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material. a) Disclose the metrics used by the organisation to assess cli- mate-related risks and opportunities in line with its strategy and risk management process. SR: Sustainability targets pp. 4–5 SR: Sustainable products pp. 12–13 SR: Forests, climate and the environment pp. 9–23
b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 green- house gas emissions and the related risks. c) Describe the targets used by the organisation to manage climate related risks and opportunities and performance against targets.
Scope 1, Scope 2 and Scope 3 emissions: SR: Climate and energy pp. 14–19
SR: Sustainability targets pp. 4–5 SR: Sustainable products pp. 12–13 SR: Forests, climate and the environment pp. 9–23
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METSÄ BOARD SUSTAINABILITY REPORT 2022
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