TCFD

AEON Credit have in place a robust Sustainability Governance structure in which the Board and Top Management have oversight and management responsibilities in respect of climate-related issues. Sustainability considerations have been integrated in business strategies and operations and form an integral part of decision making. Climate considerations has gradually gained increased attention in Board and Management deliberations and decision making and will become more deeply embedded as familiarity with the inherent complexities build within the Board and Management. Climate-related training will form a formal part of the Board’s and Management’s training agenda in next year.

AEON Credit has identified the climate- related risks and opportunities across defined timelines, specifically the short-, medium- and long-term horizons. We have also identified and assessed the attendant impacts these risks and opportunities on our business operations. Collective, these basic data will support the formulation of appropriate strategies which will be more targeted, precise and possess greater efficacy. This process will be formalised and integrated into AEON Credit strategic planning process, hence giving credence to climate change.

AEON Credit’s climate-related risk management is in its infancy, nevertheless we made an important first step in recognising climate change risk as one of our enterprise risks. Next, we will move to incorporate climate-related matters in Board and Management deliberations to embed climate awareness and enhance familiarity and understand of the inherent complexities which will facilitate infusion of climate into risk management processes through a top-down approach – this approach explicitly signals top level commitment and ownership. The intent is, in the longer term, to infuse climate into the process of identifying, assessing, prioritising, and managing risks.

AEON Credit has commenced the monitoring and disclosure several climate related metrics such as energy consumption, Scope1 and 2 emissions and water consumption. This the current year, AEON Credit has disclosed the limited Scope 3 emissions data. We have also set medium-and long-term targets for all climate-related metrics. AEON Credit will establish a data collection process for Scope 1 and Scope 2 GHG emissions using a digital tool for carbon management data which will automate data collection and compilation for greater efficiency. We have yet to establish specific climate- related performance metrics into Board and Top Management performance scorecards which can is most effectively done when a sufficient level of climate understanding has developed at the top levels.