Contents Foreword 4 Executive Summary 6 Climate Strategy 7 ESG Strategy 7 Why disclose a Climate and ESG Report? 8 Our Scope for Action 12 Ircantec Governance 13 The Roadmap 2016-2020: incorporating climate issues into the SRI plan Invest, Measure, Analyse 16 Climate Strategy 17 Strategy: investing with climate criteria, measuring climate risks and opportunities 17 Climate Risk Management 18 Contribution to Energy and Ecological Transition 31 Aligning the Portfolio with Climate Scenarios 40 ESG Strategy 42 Strategy and Context 42 ESG Assessment 43 Votes and Engagement 50 Votes 51 Engagement 53 Appendix 58 Edition: July 2020 3
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