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KOREA TOMORROW & GLOBAL

Environmental ManagementSowing seeds of green in the world

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System/Activities TCFD Alignment/Plan

TCFD Report

KT&G has established a climate change risk management process to cope with climate change. We are planning to improving the risk management process by integrating it with the business strategy.

Climate Change Risk Management Process

Identify Risks & Opportunities - Create a long list for potential risk/opportunity due to climate change - Long- list Adjustment , Discussion with relevant departments - Review financial impact of risks & opportunities - Report financial impact of prioritized management areas - Executive Review ,  External Expert Consultation - Manage and Respond -  Set key management area based on the risks/opportunities identified - Establish general approach by seeking measures to mitigate risks and realize opportunities - Align company’s business plan with climate change mitigation approach - Implement activities for each relevant department and gather performance result - Monitor and Evaluate - Assess progress against objectives and analyze results - Report results to executive - Review the results analysis and select key issues - Report key issues to the Board - Review ESG key issues - Present ESG issues as agenda to the Board - Set overall ESG strategy approach - The process is repeated annually

ESG Planning Team & relevant departments Executive Board of Directors

Identify Risks & Opportunities

KT&G annually conducts climate change risk management process to ensure that climate change issues are considered in all management decisions. We create a long list for climate change risks and opportunities to establish short, medium and long-term approach through internal evaluation, executive review and external consultation.

Manage and Respond

The executive reviews the climate change risks and opportunities approach and their linkage to company’s business strategy. By reviewing the necessary mid- to long-term investment expenditures or financial resources, the executive will consider them in the overall business plan.

Monitoring and Evaluation

To efficiently manage the impact of climate change risks and opportunities, we are considering to establish monitoring and evaluation system. Also, we will include those in KPIs and organizational management performance.

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