Climate Related Risk Management and Opportunity Guidance Document

This document is a guidance report that outlines the process for identifying, assessing, managing, and integrating climate-related risks and opportunities in accordance with New Zealand Climate Standard 1 (NZ CS 1). It details the steps taken by Contact Energy to comply with the risk management clauses of NZ CS 1, specifically focusing on clauses 17, 18, and 19. The document describes the engagement of stakeholders, the definition of scope boundaries, and the establishment of time horizons for risk assessments. It also presents the methods used to identify physical and transitional climate-related risks through workshops and the application of assessment tools. Additionally, the report explains how risks are recorded in Contact's risk management database and the strategies for managing these risks to align with the company's decarbonisation objectives. The guidance material is developed in accordance with Contact's Risk Management Policy and Framework.