Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We are committed to reducing our own operational impact on the environment including our greenhouse gas (GHG) emissions. To better meet international goals to foster climate resilience and limit global temperature increase, we have set targets to reduce our Scope 1 and 2 GHG emissions 30% by 2025 and 50% by 2035, based on our 2016 baseline. These reductions align with the recommendations of the Paris Agreement, which aims to limit average global temperature increase to well-below 2° Celsius compared to pre-industrial levels.
Our Supplier Code of Conduct outlines our expectations that suppliers comply with all applicable environmental laws and regulations and strive to exceed those requirements by implementing policies and practices that reduce their carbon footprint, better protect and preserve the environment, and aim to keep the rise in global temperature to well below 2- degrees Celsius, in accordance with the stated goals of the 2015 Paris Agreement. We expect suppliers to measure their greenhouse gas emissions, set public goals for reducing those emissions, take meaningful action to do so, and disclose progress and challenges annually using widely accepted methods and public disclosures frameworks.
ESG matters, including climate change oversight are delegated to the Chief Risk Officer and Chief Financial Officer to ensure that Citizens' direct and indirect activities are consistent with our overall climate change strategy.