A strategy with a long-term vision to fight climate change.

In 2022 Línea Directa Aseguradora adhered to the global commitment to disclose information on the management of risks and opportunities arising from climate change, under the recommendations of the Task Force on Climate-Related Financial Disclosures, a working group created in 2015 by the Financial Stability Board to set a reference framework that has served as an international standard to address climate risks and opportunities.

With the intensity and frequency of physical impacts of extreme weather events expected to increase worldwide, and given the efforts generated by the transition to a decarbonised economic model, there is a growing demand from different stakeholders for information on how the risks and opportunities arising from climate change are managed.

In 2023, the company included in its Sustainability Plan roadmap a series of initiatives to incorporate the recommendations of the TCFD. So far, this is on schedule, and good progress has been made in shaping the governance framework, strategy, Risk and Opportunity management and the development of metrics and setting short-, medium- and long-term targets.

As an objective approved by the Board of Directors in the 2023-2025 Sustainability Plan, a first internal draft is expected to be prepared in 2023 and will help in the coming years to publish a final report containing the way in which the company's climate strategy is integrated into the governing bodies and in different decision-making processes with a long-term vision, as well as information on climate change scenarios.

This initiative is in line with Línea Directa's firm commitment to sustainability and its progress in the transition to a low-carbon economy.