Climate Risk Scenarios and Internal Carbon Pricing

This document is a Climate Risk Assessment (CRA) developed by Persistent Systems Ltd. It aligns with global best practices, including the Task Force on Climate-related Financial Disclosures (TCFD), and employs scenario analysis, peer benchmarking, and internal risk management frameworks. The CRA outlines the potential climate-related risks, categorized into transition risks and physical risks, detailing their implications for business operations. Transition risks include policy, market, technology, and reputation risks, while physical risks encompass acute and chronic risks. The document also discusses the methodology used for assessing these risks, emphasizing the importance of a double materiality approach. Additionally, it presents a decarbonization roadmap, highlighting the company's commitment to achieving net-zero emissions by 2050 through renewable energy procurement, phasing out fossil fuel usage, and enhancing operational efficiency. The CRA underscores the necessity of comprehensive assessment methodologies that integrate scientific, socio-economic, and policy considerations to effectively manage climate risks.