Task Force on Climate-related Financial Disclosures (TCFD)

Recommendations from the Task Force on Climate-related Financial Disclosures (TCFD)

The TCfD was established by the financial Stability Board to develop a consistent framework for reporting on climate-related risks and opportunities. It focuses on disclosing financial risks to which companies are exposed as a result of climate change. We believe the TCfD’s recommendations represent a useful addition to our current reporting, in particular due to the forward-looking elements included.

In addition to reporting under the GRI, we would first like to reference the TCfD’s recommendations. Given the increasing significance of climate change, our future goal is to ensure comprehensive reporting in accordance with the TCfD, ensuring transparency when disclosing how LEG Immobilien SE handles climate-related risks and opportunities.

This year’s reporting already includes some information covered by the TCfD’s recommended core areas of governance, strategy, risk management, key figures and targets. It primarily relates to energy modernisation for our properties and financial risks arising from CO2 pricing. The following table highlights the relevant sections in the LEG sustainability report and non-financial report (shown in blue colour), in the annual report and on our website.