OECD Guidelines for Multinational Enterprises on Responsible Business Conduct (2023 Update) OECDMNE-5: Environment, Climate, and Biodiversity

Adhere to OECD MNE Guidelines Chapter VI (Environment) covering environmental management + climate + biodiversity per the 2023 Update reinforcement. MNEs should (a) establish and maintain a system of environmental management appropriate to the enterprise including collection and evaluation of adequate and timely information regarding the environmental + climate + and biodiversity impacts of their activities + (b) align greenhouse gas emission targets with the goal of limiting global warming to 1.5 degrees Celsius above pre-industrial levels + (c) take appropriate action to address actual and potential adverse impacts on biodiversity + (d) provide the public and workers with adequate + measurable + and verifiable information on the potential environment + health and safety impacts of the activities of the enterprise + (e) consult and communicate with the communities directly affected by the environmental + health and safety + (f) maintain contingency plans for preventing + mitigating + and controlling serious environmental + health and safety damage including accidents and emergencies + (g) continually seek to improve corporate environmental performance + (h) provide adequate education and training to workers in environmental + health and safety matters + (i) contribute to the development of environmentally meaningful and economically efficient public policy. Climate and biodiversity must address (a) science-based targets + transition plans + (b) Scope 1 + 2 + 3 emissions accounting per GHG Protocol + (c) disclosure aligned with TCFD + IFRS S2 + ESRS E1, (d) biodiversity impact assessment + dependency analysis + (e) just transition planning for workforce and communities.