OUR JOURNEY TO CLIMATE ACTION CLIMATE RISK MANAGEMENT Climate risk management is embedded in the Group’s Enterprise Risk Management (ERM) Policy and Framework, involving the participation of management committees and working groups. Our climate-related risks are identified, assessed, and managed through the ERM Model and Approach summarised below: ERM Pillars BPlant Vision and Mission Leader and Commitment of Management and Board ERM Policy Governance and Reporting Structure Authorities and Responsibilities Risk Parameter ERM Procedures Sustainability of ERM Value Creation and Protection Communication and Consultation Authorities and Responsibilities Risk Parameter ERM Procedures METRICS AND TARGETS BPlant quantifies carbon emissions, waste, energy and water consumption. We measure carbon emissions in tCO₂e, electricity in kWh, water in m3, and waste in MT. To determine GHG, energy and water intensity, we calculate absolute values and normalise them by dividing against the total production volume of our operations. We have been utilising the RSPO PalmGHG calculator to monitor and track GHG emissions from our operations since 2019. In 2023, we quantified and categorised our GHG emissions into Scope 1, 2, and 3 in line with the GHG Protocol Standard. Additional details regarding our management approach and performance data can be found in the section of Energy Efficiency and Climate Resilience on page 157 to 161 and page 175 to 177 respectively. Strategic Plan Investment/ Business Decision Operational Process Performance Management System/ Automation Risk-Based Internal Audit 01 Scope, Context and Criteria 02 Risk Assessment 05 Risk Action Plan Monitoring 03 Risk Action Plan 04 Key Risk Indicator ERM PROCESSES INTEGRATION Integrated Report 2023 147
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