SEC Climate Disclosure Rule 1503(a): Item 1503(a): processes for identifying, assessing and managing material climate-related risks

What does 1503(a) require?

Describe any processes the registrant has for identifying, assessing and managing material climate-related risks, addressing as applicable how it identifies whether it has incurred or is reasonably likely to incur a material physical or transition risk, how it decides whether to mitigate, accept or adapt to a particular risk, and how it prioritises whether to address the risk.