Main risks and opportunities linked to climate change

The process of defining the Group’s strategy is accompanied by a careful analysis of the risks and opportunities connected to it, also including the aspects related to climate change. Every year, before approving the Strategic Plan, the Control and Risk Committee, which is appointed by the Board of Directors, is presented with a quantitative analysis of the risks and opportunities related to the Group’s strategic positioning, which includes aspects related to the climate, such as regulatory factors and weather-climatic events.

Climate change and the energy transition will impact Group activities in a variety of ways. In order to identify the main types of risk and opportunity and their impact on the business associated with them in a structured manner consistent with the TCFD, we have adopted a framework that explicitly represents the main relationships between scenario variables and types of risk and opportunity, specifying the strategic and operational approaches to managing them, comprising mitigation and adaptation measures

Main risks and opportunities linked to climate change

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