Experian ESG Presentation Deck
Executive Summary
Environment - TCFD reporting (part 2)
Improving Financial Health
59
We are committed to identifying, assessing and managing risks and opportunities
presented by climate change both now and in the future.
Step 1
Risk identification
Climate-related risks are identified and prioritised using our established Global Risk
Management governance structure (outlined on page 85 of the FY22 Annual Report).
This well-established process for identifying, assessing, responding to and reporting
business risks (see below) is completed at least twice a year to ensure that it remains
appropriate and that any new activities or changes to variables have been captured.
The framework combines a bottom-up approach - engaging with local subject matter
experts who have in-depth knowledge of business activity (First and Second Lines of
Defence) - with a top-down global strategic review of risks (Third Line of Defence).
> Consider key business
objectives
Data
Identify principal risks
> Identify key controls
Employees
O Experian Public
Risk management
Supply Chain
Step 2
Risk assessment
> Assess controls
> Estimate likelihood, impact and
velocity
Environment
Consider legal, reputation and
conduct exposure
Step 3
Risk response
Governance
> Accept or remediate current
risk and control environment
Policies & Data tables
Because of their nature, climate-related risks can be presented to the organisation in
different ways (for example: through policy and regulation, product adaptation,
operational disruption, market volatility and other external factors), and therefore to
ensure a thorough analysis and identification we ran a series of focus groups with
internal stakeholders from areas where key climate-related risks could arise; this
supported the process of identification of any specific risks to, and opportunities for,
our business. The resulting climate specific risks and opportunities register was used
to perform a scenario analysis (please see pages 65-67) to assess their likelihood and
impact to our business.
> Determine corrective action if
needed
Key risks that are identified as a result of this process are maintained in the Global
Risk Inventory, reviewed by the ERMC, approved by the Audit Committee and
presented to the Board. At present, climate change is classified as an emerging risk.
Appendix
Bexperian.
Step 4
Risk reporting & monitoring
Business unit and regional
level
> RRMCs and ERMC
> Audit CommitteeView entire presentation