Digital Realty 2023年 TCFD 报告

TCFD Alignment Report Governance Digital Realty has robust internal processes and an effective internal controlenvironment that facilitate the identification and management of risks. These includean enterprise risk management program, regular internal management DisclosureCommittee meetings, a code of business conduct and ethics, and a comprehensiveinternal and external audit process. Management regularly communicates with andupdates the Board of Directors, committees and individual directors on the significantrisks identified and how they are being managed. Board oversight of climate-relatedrisks and opportunities The Nominating and Corporate Governance Committee has direct oversight of thestrategy and performance of, and Digital Realty's procedures for identifying, assessing,monitoring and managing risks and opportunities related to our ESG programs,including corporate responsibility, sustainability, climate change, and diversity, equityand inclusion activities. Due to the nature of Digital Realty’s business and the variety of climate-related risks andopportunities, climate-related risk is managed through multiple verticals. Market risks,such as increasing energy prices and renewable energy opportunities, are managed byour Vice President of Sustainability and Vice President of Supply Chain and Procurement.Policy and legal risks are managed through our Operations team, Legal team, andPortfolio Management Group. Physical risks are managed by risk owners throughoutthe company, in consultation with our Vice President of Risk Management and our VicePresident of Sustainability. Our Management is responsible for managing risk through ourEnterprise Risk Management Program, with oversight by our Board of Directors. Management role in assessingand managing climate-relatedrisks and opportunities Strategy Physical climate-related risks Acute risks –Short-term weather events exacerbated by climate change such as hurricanes,floods, and extreme temperatures may lead to increased risk of property damageand operational impacts. Increased severity of acute weather-related events couldimpact the operational resilience of our sites, result in insured and uninsured losses,lead to higher operational and recovery costs, and necessitate future mitigationefforts. This could happen in the medium-term (2-4 years). To mitigate these risks, weconsider exposure to weather events, flooding, and climate change at all stages ofthe property’s lifecycle. –We evaluate portfolio concentration and related geographic risks as part of our enterpriserisk management program. We manage potential risks first via our siting and designstandards, then by implementing recommendations to proactively mitigate losses relatedto short-term acute weather events. We maintain appropriate levels of insurance for ourportfolio of assets. Our Risk Management team receives reports from insurance providersthat identify opportunities to enhance protection for each facility and improve lossexpectancy values. We annually measure the reductions in value-at-risk achieved throughthe implementation of these measures. Measures implemented include reinforcing roofsto prevent collapse, securing roof-mounting equipment and installing wind-rated dockdoors to prevent wind impacts and providing physical stormwater protection to preventflood impacts. We ensure each site has emergency response and mitigation plans inplace specific to its location and exposure to climate risk. –Our global Operations team actively implements and refines operating proceduresto ensure our data centers are safe and resilient. This includes regular emergencyresponse plan updates and other measures that result from property-specific riskreports. Fuel delivery agreements for backup power systems are on par with thoseheld by the Federal Emergency Management Agency (FEMA) and allow for power tobe maintained in the event of an extended power outage. 2023 TCFD Alignment I2 TCFD Alignment Report Strategy(continued) Chronic risks –Long-term climate impacts may pose several risks to our portfolio. Extreme heat causes thermalstress to outdoor equipment, increases the demand for cooling and can overwhelm power gridinfrastructure. These factors can elevate the likelihood for physical damage and cause businessinterruptions. Impacts from extreme heat as well as sea level rise and drought may contributeto increased insurance premiums and incremental planning and prevention costs. These effectsare expected to occur in the long-term (5-10 years) and the mitigation measures mentioned foracute physical risks are also applicable to chronic risks. –In addition to sensitivity analyses and climate change scenarios, we continue to implementsustainability projects to minimize our environmental impacts and reduce our contribution toglobal carbon emissions that contribute to climate-related risks. These efforts include, but arenot limited to, supporting the development of new renewable energy supplies, designing