259994 Phoenix Energy Responsible Business Report 2025.pdf

Climate Related Risks and Opportunities Following the completion of climate related risks and opportunities workshops facilitated by external climate change experts, Phoenix developed our Net Zero Climate Change Risks & Opportunities Register. The register is reviewed and updated by EMT on a regular basis to maintain accuracy and mitigate any newly identified risks. Risks are categorised into two categories as outlined by the TCFD: 1. Transition risks – created by the world’s transition to a low-carbon economy as a result of carbon policy changes; and 2. Physical risks – created from a changing climate. As part of our risk management activities, we have assessed our risks to identify those most adversely impacted by climate change. While the most significant are all transition risks, physical risks are also managed through our risk management framework.

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