Climate change and business resilience

Based on the Swiss Ordinance on Climate Disclosures and TCFD recommendations, we analysed the risks and opportunities associated with climate change, evaluating their potential impact on our business model and overall operations.

The assessment was conducted using three different decarbonisation pathway scenarios,⁶ providing deeper insights into both the complexities and potential benefits of responsible climate stewardship. These scenarios highlighted key climate-related risks, including rising energy costs, shifting consumer demand, and increasing regulatory requirements. The findings indicate that SMG is well positioned to navigate these risks, supported by our diversified business model that demonstrates resilience across all scenarios. Further information on the identified climate-related risks, opportunities, and their impact on SMG, as well as applied methodologies, can be found in the Assessment of climate-related risks and opportunities section.