Summary
This report is a comprehensive climate-related risk assessment conducted by Netskope, aligning with the four pillars of the Taskforce on Climate-related Financial Disclosures (TCFD): Governance, Strategy, Risk Management, and Metrics and Targets. The assessment aims to support compliance with emerging climate disclosure regulations and establish a structured foundation for long-term climate risk oversight. It focuses on climate-related risks and opportunities pertinent to Netskope's cloud-native business model, which operates through a globally distributed network of leased data centers and a remote-first workforce. The report identifies transition risks driven by evolving regulations and market expectations, as well as physical risks assessed across key locations. Findings indicate that while transition risks are significant due to regulatory changes, physical risks are largely mitigated by Netskope's resilient architecture. The report also discusses opportunities for competitive differentiation through renewable energy procurement and enhanced sustainability governance.
