Integrated Report / JSL 2021 slide image

Integrated Report / JSL 2021

JSL ENTENDER PARA ATENDER INTRODUCTION JSL PLANNING AND FUTURE PEOPLE AND CULTURE BUSINESS IMPACT ENVIRONMENTAL MANAGEMENT CLIMATE CHANGE: OUR APPROACH CLIMATE GOVERNANCE: HOW WE MANAGE RISKS AND OPPORTUNITIES GRI 102-15, 102-18, 102-19, 102-20, 102-26, 102-27, 102-29, 102-31, 102-32, 201-2, TCFD - GOVERNANCE (A) (B); STRATEGY (A) (B) (C); RISK MANAGEMENT (A) (B) (C); METRICS AND GOALS (A) (B) (C) JSL follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and works to improve monitoring, metrication and analysis of risks and opportunities related to climate change. The Sustainability Committee leads discussions related to climate change and encourages executives from different areas to participate in discussions and project preparations. The Board of Directors is responsible for monitoring social and environmental performance, defining policies, authorizing financial operations, evaluating reports and balance sheets and defining performance targets. The identification of climate risks and their financial impacts occurs through self assessment, the objective of which is to generate a comprehensive list of risks and opportunities that may threaten or enhance the achievement of the Company's objectives. Once this is done, the information is documented and categorized to support the assessment of causes, consequences and probability of implementation. The processes to prioritize climate-related risks consider the relationship between the financial impact and the probability of occurrence or materialization of the factors. In 2021, the mapping of risks and opportunities associated with climate change was reassessed by the Sustainability area and, in order to meet the issuance of the Sustainability Linked Bond, SIMPAR assumed the goal of reducing the intensity of emissions by 15% by 2030, in addition to the inclusion of scope 1 and 2 emissions, directly related to the Company, and scope 3 emissions. JSL has developed a strategic plan to transition to a low carbon economy. In addition to the analysis of scenarios being part of the risk management process, the company considers studies and reports published by organizations specialized in the climate theme, counts on the assistance of consulting and participates in groups with other companies committed to the theme. Thus, the potential financial impact of the identified risks is assessed, allowing JSL to strategically decide on the treatment. Aware that climate risks and opportunities influence the expansion of its business, JSL's strategy is to implement low-carbon technologies that guarantee lower GHG emissions in the coming years, considering the trend towards the development of technologies for electric vehicles, with proper infrastructure in Brazil, in addition to projects such as trucks fueled with biomethane or other fuels that enable the reduction of the emission of harmful gases to the environment. In Brazil, until 2021, there were no mandatory regulatory requirements for the sector in which JSL operates related to climate change. However, the Company takes into account the discussions at a global level, which includes the developments of COP26, as well as the possibilities of carbon pricing. CHECK THE DETAILS OF ALL OUR RISKS AND OPPORTUNITIES IN THE ATTACHMENT, PAGES 91 TO 99 FINANCIAL PERFORMANCE GRI AND SASB SUMMARY INTEGRATED REPORT / JSL 2021 ASSURANCE REPORT BAB 64
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