Managing Climate Risk
Concho recognizes that the risks presented by climate change are a growing area of interest for our stakeholders. We are pleased to publish our first climate risk report, which has been informed by the recommendations of the Task Force on Climate-related Financial Disclosures. The report describes our approach to managing climate-related risks, including a discussion of our governance and risk oversight efforts, capital planning and development strategy.
This report strengthens our understanding of how climate change may impact our business, risks and processes. As climate change policy develops, we believe we have the leadership, culture, governance and strategic planning to identify and mitigate climate-related risks, while also identifying opportunities where we may enable a more sustainable future.