Sustainability Report 2024

Climate Risk Management

CPChem uses climate-specific scenario analyses to assess climate-related risks, categorized into physical risks (e.g., flooding, extreme heat, hurricanes, water scarcity) and transition risks (e.g., policy changes, market responses). These analyses inform CPChem’s Enterprise Risk Management and strategic planning, ensuring resilience and competitiveness.

SDG #13, Climate Change

In 2024, CPChem revisited our Climate Risk Assessment. Incorporating data from the latest IEA NZE scenario and other third-party sources aligned to IPCC RCP 7 and RCP 8.5, we utilized scenario-planning tools for our internal analysis of transition and physical risks. The 2024 results identified risks consistent with our previous analyses. Risks discussed in previous reports are summarized at the end of this document.

The image shows a serene landscape at sunset. The sky has long, streaky clouds that blend towards the darker parts of the frame, with the warm colors of the sun partially obscured. To the left side of the photo is a silhouette of a windmill against the sky, which stands out as the focal point in the lower part of the image. In front of the windmill and set against a flat horizon, there's an expanse that looks like a desert with no visible vegetation. The field is bordered by an area of bushes or shr
The image shows an individual wearing a hard hat and holding what appears to be a digital device, possibly for communication or data analysis. The person is posing in front of industrial equipment, indicative of an oil or gas plant environment. In the background, there are tanks with various labels and logos, suggesting a process industrial setting.

Our Approach to Sustainability

Our Approach to Sustainability

This image shows an individual wearing safety gear who appears to be involved in some kind of construction or maintenance work. The person is standing on a roof, looking down at what might be a new roofing material or some task related to the roofing project. The person is also wearing a vest and has a headset with a microphone on their helmet, which suggests they may be in communication with others on the site or via other workers who might be out of view.

Climate Change

Climate Change

Topics Filter

Topics Filter

Results for