Our Approach and SDGs Economy Society Reporting Center Sustainability in Actions Awards and Recognitions
Environmental Management System and Investments Energy Management Air Quality Sustainable Water Waste Management Product Stewardship Circular Economy Biodiversity
Climate Change Strategy and Target Climate Change Governance GHG Reduction Initiatives Climate Partnership

Climate Change Risks and Opportunities

GC is committed to building climate resilience and aligning its business strategy with the Paris Agreement by targeting Net Zero greenhouse gas emissions (Scope 1 and 2) by 2050 through its Decarbonization Pathway. Climate-related risks and opportunities are continually assessed across all departments and integrated into strategic planning to ensure effective mitigation and adaptation.

In 2025, GC complied with IFRS S2: Climate-related Disclosures by conducting physical and transition risk analyses across all consolidated entities included in its financial statements as of 31 December 2025. To extend oversight of physical risks throughout the value chain, GC also carried out climate-related risk assessments of upstream (suppliers) and downstream (customers) to identify potential impacts and establish mitigation plans.

Physical Risks Transition Risks
GC utilizes Shared Socioeconomic Pathways (SSPs) scenarios from the IPCC's Sixth Assessment Report, which incorporate macroeconomic factors such as population growth, urbanization, and technological advancements. It selects 3 scenario levels to reflect the best-case, base-case, and worst-case scenarios.

GC utilizes scenarios from the IEA, including:

  • Stated Policies Scenario (STEPS): Reflects announced and implemented climate policies and targets, such as NDC2.0 and NDC3.0.
  • Net Zero Emissions by 2050 Scenario (NZE2050): Aligns with global commitments under the Paris Agreement, illustrating a low-carbon emission pathway.

These analyses informed mitigation and adaptation strategies that cover 100% of operations. Guided by these insights, GC has adopted a three-pronged decarbonization strategy—Efficiency-driven, Portfolio-driven, and Compensation-driven—to address identified risks and opportunities and keep the company on track to achieve its 2050 Net Zero greenhouse gas emissions target in Scope 1 and 2.

To strengthen oversight, GC adopted the COSO ERM 2017 framework, embedding climate-related risks and opportunities into its ERM processes. Identified risks and opportunities are cascaded to executives and operational teams with clear KPIs and reviewed annually for effectiveness. Progress is reported monthly to the Enterprise Risk Management and Management Committees and quarterly to the Risk Management Committee, ensuring continuous monitoring and alignment with GC’s Net Zero ambition.

IFRS S2 2025 Report