TSM Climate Change Protocol

The purpose of this TSM protocol is to facilitate continual performance improvements in the mining sector related to the management of climate-related risks and opportunities, including associated mitigation and adaptation strategies, target-setting and reporting. Implementation of this protocol is intended to support companies, at both the corporate and facility levels, in advancing the goals of the Paris Agreement.1 The Paris Agreement aims to strengthen the global response to the threat of climate change by keeping a global temperature rise this century at well below 2°C above pre-industrial levels and by pursuing efforts to limit the temperature increase even further to 1.5°C. This protocol is also intended to align with the Recommendations of the Task Force on Climate-related Financial Disclosures,2 which aim to improve the ability to appropriately assess and price climate-related risk and opportunities.