TCFD Index
As a supporter of the TCFD and its recommendations, we are excited to provide climate-related information that is aligned with leading practices in climate disclosures. In future reporting, we will consider applying the IFRS S2 Climate-related Disclosures in place of the TCFD recommendations. The following table illustrates how our current climate-related disclosures connect with the 11 TCFD recommendations.
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Theme
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Recommendation
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Source and Reference
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Governance
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a) Describe the Board’s oversight of climate- related risks and opportunities
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2024 Proxy Statement, Information about the Board and Corporate Governance* Corporate Sustainability, Sustainability Governance; Building Climate Resilience 2024 CDP Corporate Questionnaire, C4. Governance**
Nominating and Corporate Governance Committee Charter
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b) Describe management’s role in assessing and managing climate- related risks and opportunities
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Corporate Sustainability, Sustainability Governance; Building Climate Resilience 2024 CDP Corporate Questionnaire, C4. Governance**
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Strategy |
a) Describe the climate- related risks and opportunities the organization has identified over the short, medium, and long-term
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2025 Annual Report on Form 10-K, Part I. Item IA. Risk Factors Corporate Sustainability, Building Climate Resilience; Products Enabling Sustainability 2024 CDP Corporate Questionnaire, C2. Identification, Assessment, and Management of Dependencies, Impacts, Risks, and Opportunities, C3. Disclosure of Risks and Opportunities**
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b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning
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Corporate Sustainability, Building Climate Resilience; Products Enabling Sustainability 2024 CDP Corporate Questionnaire, C3. Disclosure of Risks and Opportunities, C5. Business Strategy**
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c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario
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NOTE: The Building Climate Resilience discussion provides an update on our work to evaluate the resilience of our business as well as forward-looking actions we plan to take. As part of our roadmap, we are conducting a climate risk assessment between fiscal years 2025 and 2026. Additionally, our Climate and Energy discussion highlights our Science Based Targets (SBTs), as validated by the Science Based Target initiative (SBTi) in fiscal year 2024, as well as our progress against our targets. We plan to provide more information in future reporting. Corporate Sustainability, Climate and Energy; Building Climate Resilience; Products Enabling Sustainability 2024 CDP Corporate Questionnaire, C3. Disclosure of Risks and Opportunities, C5. Business Strategy**
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Risk Management |
a) Describe the organization’s process for identifying and assessing climate- related risks
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NOTE: We are conducting a climate risk assessment between fiscal years 2025 and 2026, and will be providing additional information in future sustainability reporting and other public disclosures.
Corporate Sustainability, Building Climate Resilience 2024 CDP Corporate Questionnaire, C2. Risks and opportunities**
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b) Describe the organization’s processes for managing climate-related risks
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NOTE: Climate risks and opportunities are evaluated on an annual basis and incorporated into our overall enterprise risk management process. Overseeing enterprise risk management, the Audit Committee reviews and considers our climate disclosures and the adequacy and effectiveness of applicable internal controls as part of its review of our company's enterprise risk registry and enterprise risk management process, which considers both the impact on our business in financial terms as well as in term of business disruption and/or brand related impacts. The Risk Committee oversees guidelines, policies, and processes for monitoring and mitigating key operational risks, including security, data management and privacy, and business continuity (the latter includes climate-related risks) as part of our Company's enterprise risk registry and enterprise risk management process. The NCG Committee oversees sustainability strategy and reporting, including climate-related disclosures, and is also appraised quarterly of our climate risks and mitigation activities. As part of our roadmap, we are conducting a climate risk assessment between fiscal years 2025 and 2026. Corporate Sustainability, Building Climate Resilience; Products Enabling Sustainability 2024 CDP Corporate Questionnaire, C2. Identification, Assessment, and Management of Dependencies, Impacts, Risks, and Opportunities, C3. Disclosure of Risks and Opportunities**
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c) Describe how processes for identifying, assessing, and managing climate- related risks are integrated into the organization’s overall risk management
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Please refer to our response to the TCFD Risk Management b) disclosure
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Metrics and Targets |
a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management processes
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Please refer to our response to the TCFD Risk Management b) disclosure |
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b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 GHG emissions, and the related risks
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NOTE: We continued to develop our GHG emissions reduction strategy in fiscal year 2025. We currently disclose our Scope 1, 2, and 3 emissions for fiscal years 2020, 2022, 2023, and 2024 in the Sustainability Data Tables and our progress towards meeting our SBTi Targets as well as our Operational GHG footprint for fiscal year 2024 in the Climate and Energy discussion. We also disclose the percent decrease in the estimated GHG emissions associated with our use of AWS between fiscal years 2022 and 2024 in the Product Sustainability discussion.*** As part of our roadmap, we are conducting a climate risk assessment between fiscal years 2025 and 2026. We expect to share additional Scope 3 data as well as the risks related to each Scope in future reporting. Corporate Sustainability, Climate and Energy; Building Climate Resilience; Products Enabling Sustainability; Sustainability Data Tables 2024 CDP Corporate Questionnaire, C7. Environmental Performance - Climate Change**
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c) Describe the targets used by the organization to manage climate- related risks and opportunities and performance against targets
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Corporate Sustainability, Climate and Energy; Building Climate Resilience 2024 CDP Corporate Questionnaire, C4. Governance; C7. Environmental Performance - Climate Change**
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*We expect to file our 2025 Proxy Statement with the SEC in late October 2025. Proxy Statement references will be updated and linked on or around February 2026.
**2025 CDP Corporate Questionnaire will be released on or around December 2025 and linked on or around February 2026.
***Estimated fiscal year 2025 GHG emissions associated with our use of AWS will be updated on or around February 2026.