Task Force on Climate-related Financial Disclosures 2023 Report

This report is a comprehensive document detailing DataBank's alignment with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. It outlines the organization's approach to identifying and disclosing climate-related risks and opportunities, emphasizing the importance of governance, strategy, risk management, and metrics. The report describes DataBank's long-standing commitment to resilience within its data center operations and its integration of climate risk assessments into its Environmental, Social, and Governance (ESG) program. Key actions taken in 2023 are documented, including the establishment of a Company Climate Policy and enhancements to the climate risk assessment framework. The report also presents the governance structure overseeing climate-related activities, detailing the roles of the Board of Directors and the ESG Committee. Furthermore, it discusses the scenario analysis conducted to evaluate climate-related risks, identifying both physical and transition risks that may impact the organization. The report serves as DataBank's first standalone TCFD report, reflecting its commitment to transparency and accountability in climate risk management.