The TCFD framework is a set of voluntary, consistent disclosure recommendations for companies to better inform investors and stakeholders about climate-related risks and opportunities.(1)
TCFD RECOMMENDATIONS
A&F CO. REFERENCE(S)
GOVERNANCE: Disclose the organization’s governance around climate-related risks and opportunities.
a) Describe the board’s oversight of climate-related risks and opportunities.
b) Describe management’s role in assessing and managing climate-related risks and opportunities.
STRATEGY: Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material.
a) Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.
2023 CDP Climate Change Disclosure (C2.1a, C2.3, C2.3a, C2.4, C2.4a)
2023 Annual Report Item 1A. Risk Factors (pages 13-25)
b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.
2023 CDP Climate Change Disclosure (C2.3a, C2.4a, C3.1, C3.2a, C3.2b, C3.3, C3.4)
2023 Annual Report Item 1A. Risk Factors (pages 13-25)
c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.
RISK MANAGEMENT: Disclose how the organization identifies, assesses, and manages climate-related risks.
a) Describe the organization’s processes for identifying and assessing climate-related risks.
b) Describe the organization’s processes for managing climate-related risks.
2023 CDP Climate Change Disclosure (C2.1, C2.2)
c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.
METRICS AND TARGETS: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.
a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.
b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.
c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.
2023 CDP Climate Change Disclosure (C4.1, C4.1a, C4.2, C4.2a)
(1) The inclusion of information contained in this disclosure should not be construed as a characterization regarding the materiality or financial impact of that information to current or prospective investors in, or other stakeholders of, Abercrombie & Fitch Co. When we refer to “materiality” and our “materiality assessment”, we are referring to the identification of material issues for purposes of guiding our ESG (Environmental, Social and Governance) strategies, goals, and programs, and we are not using the definition of materiality for purposes of our financial statements or other filings with the U.S. Securities and Exchange Commission (SEC).