The Task Force on Climate-related Financial Disclosures (TCFD) is a project of the Financial Stability Board that developed disclosure recommendations to help companies provide the information that investors, lenders, insurance underwriters and others need to appropriately assess and price climate-related risks and opportunities. Nielsen has developed this report based on the TCFD’s recommended disclosures, organized in order of the TCFD’s four key areas of focus: governance of climate-related risks; strategy for identifying climate-related risks and opportunities; risk management; and metrics and targets.
Our 2020 Nielsen Global Responsibility Report includes additional detail about our approach to addressing our environmental impacts; this detail can be found in the Environment narrative and Detailed Disclosure sections. We have published this standalone TCFD report to provide an additional level of disclosure for stakeholders interested specifically in the TCFD’s recommended disclosure areas. Nielsen has been included among the TCFD’s Supporters since the publication of our last Global Responsibility Report, which also aligned with the TCFD’s recommendations.
|DISCLOSE THE METRICS USED BY THE ORGANIZATION TO ASSESS CLIMATE-RELATED RISKS AND OPPORTUNITIES IN LINE WITH ITS STRATEGY AND RISK MANAGEMENT PROCESS.
|In addition to the metrics used in our climate risk assessment and scenario analyses (described in detail throughout this report), we also assess climate-related risks by measuring our own greenhouse gas (GHG) emissions footprint as well as our supply chain’s GHG emissions.
|DISCLOSE SCOPE 1, SCOPE 2 AND, IF APPROPRIATE, SCOPE 3 GHG EMISSIONS, AND THE RELATED RISKS.
|See the Environmental Data section of this report for 2019 and 2018 Scope 1, Scope 2 and Scope 3 GHG emissions data.
|DESCRIBE THE TARGETS USED BY THE ORGANIZATION TO MANAGE CLIMATE-RELATED RISKS AND OPPORTUNITIES, AND PERFORMANCE AGAINST TARGETS.
Energy and Waste
Our travel suppliers as a whole ranked high on their scorecards. Our major airline suppliers are engaged in reducing their impacts on climate change, with public goals for reducing emissions, focusing on fleet efficiency and research on more sustainable fuels. Our major suppliers in the hotel industry are actively engaged in reducing emissions, water and waste, with public goals and reporting. All of our major hotel suppliers participated in the Hotel Carbon Measurement Initiative Working Group, which developed a standard methodology for calculating and communicating carbon emissions associated with hotel stays based on the GHG Protocol Standards.