04 / OUR SUSTAINABILITY APPROACH 01 02 03 05 06 07 08 09 53 SUSTAINABILITY STATEMENT FY2024 Emissions Profile and Breakdown • Portfolio emissions amount to 243,736.4 tCO₂e, representing 69.7% of total emissions, driven primarily through exposures to the Utilities, Energy, and Industrials sectors. • Facilitated emissions totaled up to 79,071.8 tCO₂e, accounting for 22.6% of total emissions, with higher contributions from the Transportation and Storage, Industrials and Energy sectors, reflecting the emission intensity of capital market activities. • Financed emissions stand at 27,045.6 tCO₂e, representing 7.7% of total emissions, with concentrations in the Sovereign, Energy and Industrials sectors, consistent with sovereign energy-linked profiles and industrial activity. • In FY2024, 100% of financed, facilitated, and portfolio emissions were assessed, compared with 98% coverage in FY2023. Financial Effects The CROs Identification Exercise establishes the Group’s key physical, transition and liability risks while highlighting emerging opportunities. These insights are further strengthened through the CRST, which validates the Group’s climate resilience by showing minimal ECL impact and immaterial physical vulnerability across the branch network. With no material financial effects identified, no immediate corrective actions are required. Complementing this, the CRSA provides forward-looking insights into how different climate pathways may influence our business model, portfolio composition and value chain over time. In parallel, the measurement of financed emissions enhances visibility of portfolio-level climate impacts and informs more targeted sectoral strategies and client engagement. Nonetheless, the Group remains committed to progressing planned initiatives under the Decarbonisation Roadmap and exploring relevant transition opportunities. Climaterelated financial effects—across both transition and physical risks—are assessed to be immaterial over the current short, medium and long-term horizons, with no expected material adjustments to the Group’s financial position, performance or cash flows in the short term. Integrated Climate Assessments • CROs Identification Exercise establishes key physical, transition and liability risks while highlighting the emerging climate-related opportunities. • CRST quantifies potential financial impacts, with recent results indicating no material ECL impact and a resilient portfolio. • CRSA provides a forward-looking view of how different climate pathways may influence strategy, business model, portfolios and value chain. • Financed emissions measurement strengthens understanding of portfolio-related climate impacts, supporting client engagement and sector-level decarbonisation priorities. Together, these assessments provide a structured basis of shaping the Group’s climate strategy and guide the activation of key strategic levers across the organisation, in line with the Group’s Decarbonisation Roadmap. Strategic Opportunities Arising from the Assessment • Strengthening the integration of ESG and climate across key policies, processes and reporting. • Enhancing portfolio resilience by increasing exposure to green and low-carbon sectors. • Expanding climate-aligned products and transitionfocused financial solutions. • Gradually reducing exposure to carbon-intensive sectors through refined thresholds and targeted engagement. • Building internal capabilities through training, improved analytical tools and expanded climate-related data. • Advancing decarbonisation initiatives under the Group’s Decarbonisation Roadmap, including exploring sectorspecific decarbonisation pathways. For a more detailed breakdown by sectors and asset class, refer to Metrics & Targets, from pages 94 to 97 of our Sustainability Report 2025. Scan here for the Supplementary Methodology Note for Calculating Scope 3 Category 15 Investment Emissions.
RkJQdWJsaXNoZXIy NDgzMzc=