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Draft methodology for the 2024 Standardized Climate Scenario ExerciseStandardized Climate Scenario Exercise draft for consultation Date: April 11, 20241.Introduction..........................................................................................................................................
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What is standardized climate scenario exercisedraft?
The standardized climate scenario exercisedraft is a structured framework used by organizations to evaluate their climate-related risks and opportunities, focusing on different future climate scenarios to assess potential impacts on their operations.
Who is required to file standardized climate scenario exercisedraft?
Organizations that meet certain criteria established by regulatory authorities, typically those with significant environmental impact or public accountability, are required to file the standardized climate scenario exercisedraft.
How to fill out standardized climate scenario exercisedraft?
To fill out the standardized climate scenario exercisedraft, organizations must gather relevant climate data, assess risks and opportunities across scenarios, and provide detailed results and insights in the prescribed format.
What is the purpose of standardized climate scenario exercisedraft?
The purpose of the standardized climate scenario exercisedraft is to enhance transparency and accountability in how organizations manage and respond to climate-related risks, encouraging proactive strategies to mitigate those risks.
What information must be reported on standardized climate scenario exercisedraft?
Information that must be reported includes identified risks, potential impacts on business operations, strategic responses to those risks, and relevant performance metrics under varying climate scenarios.
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