E1-IRO-1 – Description of the processes to identify and assess material climate-related impacts, risks and opportunities

The process for determining and assessing material climate-related impacts, risks and opportunities corresponds to the double materiality assessment process described above. The quantitative results of the GHG accounting and the SDG mapping used to assess impacts and opportunities in the downstream value chain were incorporated into the assessment carried out by specialised units.

The calculated environmental impacts of arising from operational ecology were also included in the double materiality assessment. In addition to qualitative factors, the results of these calculations were used in particular to assess the positive and negative impacts on climate change. Physical risks of the company's own operations were mapped in particular through the involvement of the Administration Department.

The Risk Controlling department was involved in the assessment of climate-related risks in the credit portfolio. It is the specialised unit responsible for assessing ESG risks arising from our financing activities. Rentenbank’s integrated risk management and, in particular, its annual risk inventory take into account both physical and transitory climate risks.

As part of the assessment described above, it was determined that the positive and negative impacts of the credit portfolio significantly exceed those arising from Rentenbank’s own operations.