Climate Action Plan

BCI's Climate Action Plan and Approach to the TCFD Recommendations

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PART TWO / BCI'S APPROACH TO THE TCFD RECOMMENDATIONS 21 The TCFD recognizes that as understanding and developing approaches to climate-related issues evolve, so too will reporting on these issues. Driving Effective Disclosure Present relevant information 1 Be specific and complete Be clear, balanced, and understandable Be consistent over time Be comparable among organizations within a sector, industry, or portfolio Be reliable, verifiable, and objective Be provided on a timely basis 2 3 4 5 6 7 Ultimately the TCFD's goal is for organizations to produce disclosures that are consistent, comparable, reliable, clear, and efficient. With that in mind, the TCFD established a set of principles to help guide current and future developments in climate-related financial reporting. The principles are intended to connect climate-related issues with an organization's governance, strategy, risk management, and metrics and targets. As part of integrating the TCFD recommendations into our reporting, BCI is committed to using these principles going forward to guide our own approach to disclosure. TCFD's Seven Principles Climate-related financial disclosures should:

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