Future-Fit Business Benchmark Mapped to Other Sustainability Frameworks

Net-Zero Ambition Assessment Tool (NZAAT) Environment and Climate Change Canada (ECCC)Net-Zero Challenge
CDP Climate Disclosure Framework for SMEs United NationsRace to Zero ScienceBased Targets initiative (SBTi) Task Force on Climate-Related Financial Disclosures (TCFD)
(Based on the best and most SME-friendly questions Preliminary Participation Checklist Questionnaire
Question Topic in the other questionnaires) Comprehensive Participation Checklist Questionnaire

Generates a % score on each topic and overall.

Scores on some questions and topics are weighted. The scores determine Shall / Must Should / Optional Signatories pledge to commit to … Criteria and Recommendations Guidance on Metrics and Targets Minimum Requirement Optional / Contextual Information
the number of points earned by the supplier on this heavily-weighted
criteria in the bid appraisal.

Scope 1
from combustion in owned or controlled boilers, furnaces, vehicles, etc.

For participants with facilities reporting to Canada’s Greenhouse Gas Reporting Program (GHGRP), what were the • Does your company have a recent annual GHG emissions inventory for scope 1
□ We currently monitor and record our absolute Scope 1 emissions. • Absolute gross emissions (MT CO2e) emissions that follows the requirements as stipulated in the Technical Guide?
(Y/N) • Calculation methodology • Emissions Intensity: MT CO2e per unit of physical total amount of emissions, in absolute terms, from all of these facilities reporting to that program OR what are the • If yes, has your company had its most recent annual GHG emissions inventory
Reporting year / current • Any exclusions and their magnitude activity or per unit of revenue total scope 1 emissions for your Canadian facilities and operations, for the base year validated and verified by a recognized third-party verification body?
GHG emissions inventory □ We use a standard methodology to calculate our Scope 1 emissions. • Mechanisms to confirm the accuracy and integrity of • Breakdown of emissions from controlled boilers, Note: Companies that do not report to the GHGRP can indicate an answer of zero. Companies that are using a • If yes, is the most recent annual GHG emissions inventory clearly compared to the
(Y/N) emissions data furnaces, vehicles, etc. Canadian-only GHG emissions inventory, as indicated in question 4, are exempt from this question, since they must baseline GHG emissions inventory?
e.g., the GHG Protocol provide their total scope 1 GHG emissions as per question 7.) • If yes, are any emission reductions clearly highlighted?

• Did your company already have an established GHG emissions inventory baseline prior to joining the Net-Zero
Challenge?
• If yes, is your company using this already established GHG emissions inventory baseline in its net-zero plan and • Does your company include land-use change emissions in your Scope 1 GHG emissions
Base year □ We have chosen a base year and express our Scope 1 targets as a • What year Choose the most recent year for which data are available. do you indicate the base year? inventory baseline?
GHG emissions percentage reduction from absolute Scope 1 emissions that year. (Y/N) • Absolute emissions (MT CO2e) • If no, has your company now developed a GHG emissions inventory baseline, and does the base year fall within 5 • Has your company had its Scope 1 baseline GHG emissions inventory validated and
years of submitting this Participation Checklist? verified by a recognized third-party verification body?
• Has your company developed a GHG emissions inventory baseline for Scope 1 emissions including the year, in
absolute terms?

• Does your company have a publicly announced Scope 1 net-zero target for 2050 or earlier?
• Target type (absolute, intensity, net-zero) • At a minimum, scope 1 targets must be consistent with • Does your company’s net-zero target cover scope 1 emissions from its global operations?
• Year the target was set the level of decarbonization required to keep global • If no, does your company’s net-zero target cover scope 1 emissions from only its Canadian operations?
□ We have a net-zero target to reduce our Scope 1 emissions by 100%, • Target year • Long term emissions target to reach net zero Scope 1 temperature increase to well-below 2°C compared to • Does your company have a publicly announced first interim target for Scope 1 emissions, anchored to a specific
relative to emissions in our base year, by 2050 or earlier, regardless of • Targeted % reduction from base year emissions in the GHG emissions by 2050 at the latest. pre-industrial temperatures, though companies are • Organizations may find it useful to disclose medium-term or long-term targets for 2030 year (i.e. 2030)?
organization growth. (Y/N) target year • One mid-term target to reduce GHG emissions by 50% encouraged to pursue greater efforts towards a 1.5°C and 2050, which have become key target dates following the publication of the IPCC’s Special • If yes, is the date of the first interim target set at least five years after joining the Net-Zero Challenge, but no
• % Target achieved in reporting year by 2030 at the latest from a base year not more than 2 trajectory. Report on Global Warming of 1.5°C. This report noted that in order to limit global warming to later than the year 2035?
Targets □ We have a net-zero target to reduce our Scope 1 emissions by 50%, • For a net-zero target, include a near-term emissions years back in time. • Targets that combine scopes (e.g. 1+2 or 1+2+3) are 1.5°C “global net human-caused emissions of carbon dioxide (CO2) would need to fall by about • Does the first interim target for scope 1 emissions meet the minimum ambition threshold, as stipulated in
for GHG reductions relative to emissions in our base year, by 2030 or earlier, regardless of reduction target aligned with science • Annually publish progress towards interim and long- permitted. 45 percent from 2010 levels by 2030, reaching ‘net zero’ around 2050. Section 6.2.2 Target Threshold of the Technical Guide?
organization growth. (Y/N) • Whether the target is science-based and/or Race to term targets. Reports can be published through the use • Publicly report company-wide GHG emissions inventory • Organizations should report on climate-related targets on at least an annual basis, including any • Is the first interim target for scope 1 emissions at least a 40% GHG emissions reduction target relative to the
Zero aligned of any public channel. Reports should not only provide and progress against published targets on an annual new targets as well as progress against existing targets. baseline?
□ We have a net-zero target to reduce our Scope 1 emissions by a • Dependance on neutralization / carbon removal progress being made towards targets, but also how that basis. • The organization’s reporting is subject to independent review or third-party assurance. • Are the interim targets for scope 1 emissions absolute reduction targets?
specific %, relative to emissions in our base year, within the next 2 years, activities progress has been made. • Targets must be reviewed, and if necessary, • Does your company have a publicly announced second interim target for Scope 1 emissions, anchored to a specific
regardless of organization growth. (Y/N) • If no targets, explain why not and whether they intend recalculated and revalidated, at a minimum every 5 year (i.e. 2040)?
to set targets in the next two years years. SBTi recommends that companies check their • If yes, is the date of the second interim target set at least five years after the first interim target, but no later
target-related projections annually. than the year 2045?
• Are the interim targets for scope 1 emissions absolute reduction targets?

□ We participate in a third party net-zero assessment and / or challenge

that includes Scope 1 emissions. (Y/N) • A plan demonstrating how interim and long term
e.g., Canadian Net-Zero Challenge, UN Race to Zero, CDP, Science-Based Targets • Description of action/initiative type (e.g., operational • Estimated annual emissions savings as a result of targets will be met (provided within 12 months of joining • The use of offsets must not be counted as emissions • A transition plan should articulate specific initiatives and actions the organization will undertake to
initiative (SBTi)
Planned actions efficiency, process efficiency, low carbon energy action taken Pledge To Net Zero. The plan must provide details reduction toward the progress of companies’ science- effectively execute the transition plan, including regular milestones. For example, the transition
to reach targets □ We plan to take action in the next two years, or sooner, to consumption, etc.) • How emissions in the reporting year regarding the organizations progress and the steps which based targets. plan may articulate how an organization plans to reduce Scope 1 GHG emissions by investing
substantially reduce our Scope 1 emissions in each relevant category, • Initiative start date have changed compared to previous years, why, and are expected to be taken. • Immediate action within months to reduce emissions in new technologies and processes or by encouraging suppliers to reduce GHG emissions in their
other than purchasing carbon offsets. (Y/N) • If no initiatives, explain why not reason(s) for any deviation from set target(s). • Immediate action within months to reduce emissions and meet mid-term target. operations.
Describe one action you plan to take, by when, and expected percentage reduction of and meet mid-term target.
Scope 3 GHGs as a result. (See the Action Worksheet for sample actions.)

Scope 2
from electricity purchases and purchased heat, steam and cooling

• Absolute gross emissions (MT CO2e) Does your company have a recent annual GHG emissions inventory for scope 2
□ We currently monitor and record our absolute Scope 2 emissions. emissions that follows the requirements as stipulated in the Technical Guide?
(Y/N) • Calculation methodology (location-based and/or • Emissions Intensity: MT CO2e per unit of physical • If yes, has your company had its most recent annual GHG emissions inventory
Reporting year market-based) activity or per unit of revenue validated and verified by a recognized third-party verification body?
GHG emissions inventory □ We use a standard methodology to calculate our Scope 2 emissions. • Any exclusions and their magnitude • Breakdown of emissions from purchased • If yes, is the most recent annual GHG emissions inventory clearly compared to the
(Y/N) • Mechanisms to confirm the accuracy and integrity of electricity, heat, steam and cooling baseline GHG emissions inventory?
e.g., the GHG Protocol emissions data • If yes, are any emission reductions clearly highlighted?

Targets to actively source renewable electricity at a rate

that is consistent with 1.5°C scenarios are an acceptable
• Total energy consumption • Details of their renewable energy consumption alternative to scope 2 emission reduction targets. The
Reporting year (purchased and/or self-generated) (i.e., is it self-generated, green tariff, wind, water, SBTi has identified 80% renewable electricity
energy consumption (No questions) • % of energy from purchased and self-generate solar, geothermal, procurement by 2025 and 100% by 2030 as thresholds
renewable energy biofuels, etc.) (portion of renewable electricity over total electricity
use) for this approach. Companies that already source
electricity at or above these thresholds shall maintain or
increase their use of renewable electricity to qualify.

• Did your company already have an established GHG emissions inventory baseline prior to joining the Net-Zero
Challenge?
Companies shall disclose whether they are using a • If yes, is your company using this already established GHG emissions inventory baseline in its net-zero plan and • Does your company include land-use change emissions in your Scope 2 GHG emissions
Base year □ We have chosen a base year and express our Scope 2 targets as a • What year location- or market-based approach as per the GHG do you indicate the base year?
GHG emissions percentage reduction from our absolute Scope 2 emissions that year. • Absolute emissions (MT CO2e) Protocol Scope 2 Guidance to calculate base year • If no, has your company now developed a GHG emissions inventory baseline, and does the base year fall within 5 inventory baseline?
• Has your company had its Scope 2 baseline GHG emissions inventory validated and
(Y/N) emissions and to track performance against a science- years of submitting this Participation Checklist? verified by a recognized third-party verification body?
based target. • Has your company developed a GHG emissions inventory baseline for Scope 2 emissions including the year, in
absolute terms?

• Does your company have a publicly announced net-zero target for 2050 or earlier?
• At a minimum, scope 2 targets must be consistent with • Does your company’s net-zero target cover scope 2 emissions from its global operations?
• Target type (absolute, intensity, net-zero) the level of decarbonization required to keep global • If no, does your company’s net-zero target cover scope 2 emissions from only its Canadian operations?
□ We have a net-zero target to reduce our Scope 2 emissions by 100%, • Year the target was set temperature increase to well-below 2°C compared to • Does the net-zero target cover all emissions that are present in your GHG emissions inventory?
relative to emissions in our base year, by 2050 or earlier, regardless of • Target year • Long term emissions target to reach net zero Scope 2 pre-industrial temperatures, though companies are • Does your company have a publicly announced first interim target for Scope 2 emissions, anchored to a specific
organization growth. (Y/N) • Targeted % reduction from base year emissions in the GHG emissions by 2050 at the latest. encouraged to pursue greater efforts towards a 1.5°C • Organizations may find it useful to disclose medium-term or long-term targets for 2030 year (i.e. 2030)?
target year • One mid-term target to reduce GHG emissions by 50% trajectory. and 2050, which have become key target dates following the publication of the IPCC’s Special • If yes, is the date of the first interim target set at least five years after joining the Net-Zero Challenge, but no
□ We have a net-zero target to reduce our Scope 2 emissions by 50%, • % Target achieved in reporting year by 2030 at the latest from a base year not more than 2 • Targets that combine scopes (e.g. 1+2 or 1+2+3) are Report on Global Warming of 1.5°C. This report noted that in order to limit global warming to later than the year 2035?
Targets relative to emissions in our base year, by 2030 or earlier, regardless of • For a net-zero target, include a near-term emissions years back in time. permitted. 1.5°C “global net human-caused emissions of carbon dioxide (CO2) would need to fall by about • Does the first interim target for scope 2 emissions meet the minimum ambition threshold, as stipulated in
for GHG reductions organization growth. (Y/N) reduction target aligned with science • Annually publish progress towards interim and long- • Publicly report company-wide GHG emissions inventory 45 percent from 2010 levels by 2030, reaching ‘net zero’ around 2050. Section 6.2.2 Target Threshold of the Technical Guide?
• Whether the target is science-based and/or Race to term targets. Reports can be published through the use and progress against published targets on an annual • Organizations should report on climate-related targets on at least an annual basis, including any • Is the first interim target for scope 2 emissions at least a 40% GHG emissions reduction target relative to the
□ We have a net-zero target to reduce our Scope 2 emissions by a Zero aligned of any public channel. Reports should not only provide basis. new targets as well as progress against existing targets. baseline?
specific %, relative to emissions in our base year, within the next 2 years, • Dependance on neutralization / carbon removal progress being made towards targets, but also how that • Targets must be reviewed, and if necessary, • The organization’s reporting is subject to independent review or third-party assurance. • Are the interim targets for scope 2 emissions absolute reduction targets?
regardless of organization growth. (Y/N) activities progress has been made. recalculated and revalidated, at a minimum every 5 • Does your company have a publicly announced second interim target for Scope 1 emissions, anchored to a specific
• If no targets, explain why not and whether they intend years. SBTi recommends that companies check their year (i.e. 2040)?
to set targets in the next two years target-related projections annually. • If yes, is the date of the second interim target set at least five years after the first interim target, but no later
than the year 2045?
• Are the interim targets for scope 2 emissions absolute reduction targets?

□ We participate in a third party net-zero assessment and / or challenge

that includes Scope 2 emissions. (Y/N) • A plan demonstrating how interim and long term
e.g., Canadian Net-Zero Challenge, UN Race to Zero, CDP, Science-Based Targets • Description of action/initiative type (e.g., operational • Estimated annual emissions savings as a result of targets will be met (provided within 12 months of joining • The use of offsets must not be counted as emissions • A transition plan should be a part of, and aligned with, an organization’s broader activities for
initiative (SBTi)
Planned actions efficiency, process efficiency, low carbon energy action taken Pledge To Net Zero. The plan must provide details reduction toward the progress of companies’ science- addressing climate-related risks and opportunities, which in turn should be a part of, and aligned
to reach targets □ We plan to take action in the next two years, or sooner, to consumption, etc.) • How emissions in the reporting year regarding the organizations progress and the steps which based targets. with, the organization’s overall business strategy.
substantially reduce our Scope 2 emissions in each relevant category, • Initiative start date have changed compared to previous years, why, and are expected to be taken. • Immediate action within months to reduce emissions • A transition plan should articulate specific initiatives and actions the organization will undertake to
other than purchasing carbon offsets. (Y/N) • If no initiatives, explain why not reason(s) for any deviation from set target(s). • Immediate action within months to reduce emissions and meet mid-term target. effectively execute the transition plan, including regular milestones.
Describe one action you plan to take, by when, and expected percentage reduction of and meet mid-term target.
Scope 3 GHGs as a result. (See the Action Worksheet for sample actions.)

Scope 3
from 15 sources in the value Upstream / Supply Chain-related sources
chain 1. Purchased goods and services Downstream / Customer-related sources
2. Capital goods 9. Downstream transportation and distribution
3. Fuel-and-energy-related activities 10. Processing of sold products
(not already included in operational emissions) 11. Use of sold products
4. Upstream transportation and distribution 12. End of life treatment of sold products
5. Waste generated in operations 13. Downstream leased assets
6. Business travel 14. Franchises
7. Employee commuting 15. Investments
8. Upstream leased assets

(Note: Because NZAAT is designed to be used buy buyers with their • Absolute gross emissions (MT CO2e) from relevant Does your company have a recent annual GHG emissions inventory for applicable scope
Reporting year suppliers, the supplier's Scope 3 emissions that are of most interest are categories • Does your company include scope 3 emissions in its baseline and annual GHG emissions inventory? 3 emissions that follows the requirements as stipulated in the Technical Guide?
GHG emissions inventory the supplier's "Downstream transportation and distribution" GHG emitted • Calculation methodology • If yes, is the single most relevant scope 3 emissions category included in the scope 3 GHG emissions inventory, • If yes, has your company had its most recent annual GHG emissions inventory
for each relevant category / during delivery of the goods and services from the supplier to the buyer.) • Any exclusions and their magnitude including the baseline? validated and verified by a recognized third-party verification body?
source • Mechanisms to confirm the accuracy and integrity of • If yes, does the scope 3 GHG emissions inventory, including the baseline, include any additional scope 3 • If yes, is the most recent annual GHG emissions inventory clearly compared to the
□ We monitor and track Scope 3 emissions (tCO2e) from "Downstream emissions data emissions categories, which ones, and are they the next most relevant for your company? baseline GHG emissions inventory?
transportation and distribution" • If yes, are any emission reductions clearly highlighted?

• Did your company already have an established GHG emissions inventory baseline prior to joining the Net-Zero
Challenge?
• If yes, is your company using this already established GHG emissions inventory baseline in its net-zero plan and
• What year, for each relevant category do you indicate the base year?
Base year □ We have chosen a base year and express our Scope 3 "Downstream • Absolute emissions (MT CO2e) for each relevant • If no, has your company now developed a GHG emissions inventory baseline, and does the base year fall within 5 • Does your company include land-use change emissions in your Scope 3 GHG emissions
GHG emissions transportation and distribution" targets as a percentage reduction from category years of submitting this Participation Checklist? inventory baseline?
for each relevant category / our absolute Scope 3 "Downstream transportation and distribution" • Category base year emissions as a % of total Scope 3 • Has your company developed a GHG emissions inventory baseline for relevant categories of Scope 3 emissions • Has your company had its Scope 3 baseline GHG emissions inventory validated and
source emissions that year. (Y/N) base year emissions including the year, in absolute terms? verified by a recognized third-party verification body?
• If yes, is the single most relevant scope 3 emissions category included in the scope 3 GHG emissions inventory
baseline?
• If yes, does the scope 3 GHG emissions inventory baseline include any additional scope 3 emissions
categories, and are they the next most relevant for your company?

• Does your company have a publicly announced net-zero target for 2050 or earlier?
• Does your company’s net-zero target cover scope 3 emissions from its global operations?
□ We have a net-zero target to reduce our Scope 3 "Downstream • Target type (absolute, intensity, net-zero) • Companies must complete a scope 3 screening for all • If no, does your company’s net-zero target cover scope 3 emissions from only its Canadian operations?
transportation and distribution" emissions by 100%, relative to emissions • Year the target was set • Long term emissions target to reach net zero Scope 3 relevant scope 3 categories. • Does the net-zero target cover all emissions that are present in your GHG emissions inventory?
in our base year, by 2050 or earlier, regardless of organization growth. • Target year GHG emissions by 2050 at the latest, for Scope 3 • If a company’s relevant scope 3 emissions are 40% or • Does your company have a publicly announced first interim target for relevant scope 3 emissions, anchored to a
(Y/N) • Targeted % reduction from base year emissions in the categories for which sufficient data is available. more of total scope 1, 2, and 3 emissions, a scope 3 specific year (i.e. 2030)?
target year • One mid-term target to reduce GHG emissions by 50% target is required. • If yes, is the date of the first interim target set at least five years after joining the Net-Zero Challenge, but no
Targets □ We have a net-zero target to reduce our Scope 3 "Downstream • % Target achieved in reporting year by 2030 at the latest from a base year not more than 2 • Absolute emission reduction targets that are consistent later than the year 2035?
for GHG reductions transportation and distribution" emissions by 50%, relative to emissions • For a net-zero target, include a near-term emissions years back in time. with the level of decarbonization required to keep global (The TCFD acknowledges the importance of scope 3 emissions and their disclosure, but does not • Does the first interim target for relevant scope 3 emissions meet the minimum ambition threshold, as
for each relevant category / in our base year, by 2030 or earlier, regardless of organization growth. reduction target aligned with science • Annually publish progress towards interim and long- temperature increase to 2°C compared to pre-industrial provide guidance on target setting.) stipulated in Section 6.2.2 Target Threshold of the Technical Guide?
source (Y/N) • Whether the target is science-based and/or Race to term targets. Reports can be published through the use temperatures. Absolute targets can be expressed in • Is the first interim target for relevant scope 3 emissions at least a 40% GHG emissions reduction target relative
Zero aligned of any public channel. Reports should not only provide intensity terms based on units that are consistent and to the baseline?
□ We have a net-zero target to reduce our Scope 3 "Downstream • Dependance on neutralization / carbon removal progress being made towards targets, but also how that representative of companies’ activities. • Are the interim targets for relevant scope 3 emissions absolute reduction targets?
transportation and distribution" emissions by a specific %, relative to activities progress has been made. • Publicly report its company-wide GHG emissions • Does your company have a publicly announced second interim target for relevant scope 3 emissions, anchored to
emissions in our base year, within the next 2 years, regardless of • If no targets, explain why not and whether they intend inventory and progress against published targets on an a specific year (i.e. 2040)?
organization growth. (Y/N) to set targets in the next two years annual basis. • If yes, is the date of the second interim target set at least five years after the first interim target, but no later
than the year 2045?
• Are the interim targets for relevant scope 3 emissions absolute reduction targets?

□ We participate in a third party net-zero assessment and / or challenge • Does your company plan to use offset credits to help meet its interim and net-zero targets?
that includes Scope 3 emissions. (Y/N) • If yes, do you report in the net-zero plan which scopes of emissions (i.e. scope 1, scope 2, and scope 3) your
e.g., Canadian Net-Zero Challenge, UN Race to Zero, CDP, Science-Based Targets • A plan demonstrating how interim and long term • A plan demonstrating how interim and long term company plans to apply the offset credits against?
Planned actions initiative (SBTi) • Estimated annual emissions savings as a result of targets will be met (provided within 12 months of joining targets will be met (provided within 12 months of joining • Does your company provide increased disclosure on planned and implemented use of offset credits, including
to reach targets • Description of action/initiative type action taken Pledge To Net Zero. The plan must provide details Pledge To Net Zero. The plan must provide details specifying the organization(s) where the offset credits have been purchased or where they will be purchased?
for each relevant category / □ We plan to take action in the next two years, or sooner, to • Initiative start date • How emissions in the reporting year regarding the organizations progress and the steps which regarding the organizations progress and the steps which • For your Canadian facilities and operations, are you using offset credits from Canadian federal and/or
source substantially reduce our Scope 3 "Downstream transportation and • If no initiatives, explain why not have changed compared to previous years, why, and are expected to be taken. are expected to be taken. provincial offset systems?
distribution" emissions, other than purchasing carbon offsets. (Y/N) reason(s) for any deviation from set target(s). • Immediate action within months to reduce emissions • Immediate action within months to reduce emissions • If yes, then are at least 50% of the offset credits used for your Canadian facilities and operations from
Describe one action you plan to take, by when, and expected percentage reduction of and meet mid-term target. and meet mid-term target. Canadian federal and/or provincial offset systems?
Scope 3 "Downstream transportation and distribution" GHGs as a result. • Are 100% of the offset credits used for your Canadian facilities and operations from Canadian federal and/or
(See the Action Worksheet for sample actions.) provincial offset systems?

Governance and Management Commitment to Net-Zero

• Is the organization’s governance enabling oversight, assessment, and management of climate-

Oversight responsibility □ CEO compensation is linked to our performance on net-zero targets. • Identify senior individual responsible for overseeing • If the company has a board, is there board-level related risks and opportunities?
(Y/N) climate change action oversight of climate change matters? • Climate-related metrics, such as remuneration, can show how directors and managers are
incentivized to achieve climate-related objectives.

□ Our multi-stakeholder purpose, as well as our vision / mission /

values, reflect providing value for all stakeholders, including the
environment and society. (Y/N)
i.e., We treat the environment and society-at-large as stakeholders, and commit to net-
zero targets so that we protect and enhance the wellbeing of all stakeholders. • State if strategy and/or business model aligns with the
Business model □ Net-zero considerations are embedded in our policies, practices, latest and most ambitious science (i.e., halving • Is the organization aligning its businesses, strategy, and financial planning in light of climate-related Does your company incorporate net-zero planning and/or climate change targets into business and/or investment
processes. (Y/N) emissions by 2030 and reaching net-zero by 2050 at the risks and opportunities? decisions?
□ Our business model is resilient and acknowledges climate-related latest, thereby limiting global warming to 1.50C).
dependencies.
i.e., We are able to respond to climate change-related crises, quickly reconfigure our
supply chains, use new channels to serve our customers, and ensure adequate financial
reserves to recover from disruptions in our value chain.

• What is the organization’s exposure to climate-related risks?

• Does company identify, assess, and manage • An organization’s climate-related targets should inform, and be informed by, its strategy and risk
climate risks? management and be linked to its climate-related metrics.
(i.e., frequency of climate risk assessments; value chain stages
Climate risks assessment covered; time horizon(s) covered; risk types considered) • Climate-related metrics support the measurement of risk exposures and levels as part of an
• For identified risks, does the company assess the organization’s broader risk management processes and be linked to its climate-related metrics.
□ Climate-related risks and opportunities are included in our strategic type of risk, its time horizon, its likelihood, potential • Describe processes used for scenario analysis; the range and assumptions of scenarios used; key
planning and scenario analysis (Y/N) business impacts, how it is being managed? findings; whether it is a standalone analysis or integrated with company’s risk management and
i.e., We assess the potential direct and indirect short-, medium- and long-term impacts strategy processes.
of climate change on our operations, investment decisions, and on our financial
statements (i.e. TCFD-like disclosures).

□ Climate-related innovation is prioritized in the design and delivery of

our products and services.
i.e., The climate-beneficial attributes of the sourcing, content and performance of our
product and service offerings differentiate us from our competitors. Our product design
incorporates decarbonized and circular economy principles by designing for their reuse,
repair, refurbishing and recycling, and our services include product-as-a-service (PaaS)
offerings.

1 07/02/2024
 Future-Fit Business Benchmark Mapped to Other Sustainability Frameworks

Net-Zero Ambition Assessment Tool (NZAAT) Environment and Climate Change Canada (ECCC)Net-Zero Challenge
CDP Climate Disclosure Framework for SMEs United NationsRace to Zero ScienceBased Targets initiative (SBTi) Task Force on Climate-Related Financial Disclosures (TCFD)
(Based on the best and most SME-friendly questions Preliminary Participation Checklist Questionnaire
Question Topic in the other questionnaires) Comprehensive Participation Checklist Questionnaire

Generates risks
□ Climate-related a % and score on eachare
opportunities topic andinoverall.
included our strategic
planning
Scores on and
some scenario analysis
questions (Y/N) are weighted. The scores determine
and topics
i.e., We assess the potential direct and indirect short-, medium- and long-term impacts Shall / Must Should / Optional Signatories pledge to commit to … Criteria and Recommendations Guidance on Metrics and Targets Minimum Requirement Optional / Contextual Information
ofthe number
climate changeofonpoints earned by
our operations, the supplier
investment on this
decisions, heavily-weighted
and on our financial
criteria in the bid appraisal.
statements (i.e. TCFD-like disclosures).

□ Climate-related innovation is prioritized in the design and delivery of

our products and services.
i.e., The climate-beneficial attributes of the sourcing, content and performance of our
product and service offerings differentiate us from our competitors. Our product design
incorporates decarbonized and circular economy principles by designing for their reuse, • Do you provide climate-related financial disclosures based on the recommendations identified by the Task Force on
Task Force on Climate- repair, refurbishing and recycling, and our services include product-as-a-service (PaaS) Climate-related Financial Disclosures (TCFD)?
Related Financial Disclosures
offerings. • Did your company use scenario analysis to inform the development of the net-zero plan, including the pathway to
(TCFD) net-zero and interim targets?
• Does your company identify mitigation strategies, including completed actions, ongoing actions, or actions that
will be implemented to help reach its targets, for each applicable emissions scope?

□ We use a similar questionnaire to this one with our own suppliers.

Net-zero procurement used (Y/N)
by suppliers with their □ We give preferential treatment to suppliers with the best scores on Has your company published a stand-alone net-zero plan for its Canadian operations and facilities?
suppliers our similar questionnaire (e.g., 10-30% weight in our bid appraisal
process) (Y/N)

□ Our disclosures / public reports include our progress toward net-zero

Public disclosure targets (Y/N) (See above, for each scope.) (See above, for each scope.) (See above, for each scope.) Has your company published a stand-alone net-zero plan for its Canadian operations and facilities?
i.e., We disclose / report on our Scope 1, Scope 2, and Scope 3 GHG reduction targets
and progress.

Note: Commitment to circular design not only reduces waste and the
extraction of raw materials, it also significantly reduces GHG emissions
associated with those Tier 4, 3, and 2 suppliers in the upstream supply
Circular Design chain.)
□ (9 questions about the degree of circular design in supplier physical
products and offerings, and their packaging)

Align lobbying and advocacy activities with Race to Zero Align lobbying and advocacy activities with Race to Zero
Lobbying criteria by proactively supporting climate policies at the criteria by proactively supporting climate policies at the
subnational and national level consistent with the Race subnational and national level consistent with the Race
to Zero criteria to Zero criteria

Helping to Reduce Others' / Global GHGs

□ Our products and services help others use energy significantly more
efficiently, or have access to low-impact renewable energy. (Y/N)
□ We give in-kind or monetary donations to organizations that help • Product category: low carbon product (has a low
others use energy significantly more efficiently, or have access to low- • % of total revenue from low-carbon products carbon footprint or embedded emissions) or enables
Products & Services / impact renewable energy. (Y/N) • Product type or description/name of product(s) avoided emissions (reduces customer emissions) or • Company targets to drive the adoption of science-
Donations or service(s) both based emission reduction targets by their suppliers
□ Our products and services help others emit significantly fewer GHGs, • Methodology/taxonomy used to classify product(s)/ • For low carbon products: Embedded emissions of and/or customers are considered acceptable.
(Bonus points are added to or remove GHGs from the atmosphere. (Y/N) service(s) as low-carbon or as product(s)/service(s) low carbon products • Companies should recommend that their suppliers use
the average score on the □ We give in-kind or monetary donations to organizations that help that enable third parties to reduce emissions (e.g., EU • For products that enable third parties to avoid the SBTi guidance and tools available to set science-
other questions) others emit significantly fewer GHGs, or remove GHGs from the Taxonomy, Low Carbon Investment Registry Taxonomy emissions: Estimated avoided emissions compared based targets.
atmosphere. (Y/N) to the reference product
□ We use Net-Zero Procurement to give preferential treatment to our
suppliers who are most committed to net-zero targets. (Y/N)

2 07/02/2024
Future-Fit Business Benchmark Mapped to Other Sustainability Frameworks

Canadian Treasury Board Secretariat (TBS) RFI for Disclosure of Emissions and the Setting of Reduction Targets

Possible questions

• Does your organization quantify its Scope 1 GHG emission

inventory?
• If yes, what standards or initiatives does your organization
currently use to complete its GHG emissions inventory?
• Does your organization work with any third-party
organization(s) to complete its GHG emissions quantification,
verification and disclosure, and if so, which?
• If no, does your organization have plans to begin GHG emissions
quantification for its GHG emissions inventory in the next two
years?

• Does your organization have GHG reduction targets for Scope 1

emissions?
• If yes, what is the level of ambition of your targets? (i.e., 2030
Net Zero, under 1.5°C warming, etc.)
• What national or international standard(s) or initiative(s) does
your organization currently use for its reduction targets?
• Have you heard of the Government of Canada’s proposed Net-
Zero Challenge initiative? If yes, does your organization have the
intention to participate in the Challenge?
• If the answer to Question 1 is no, does your organization have
plans to set GHG reduction targets in the next two years?

• Does your organization quantify its Scope 2 GHG emission

inventory?
• If yes, what standards or initiatives does your organization
currently use to complete its GHG emissions inventory?
• Does your organization work with any third-party
organization(s) to complete its GHG emissions quantification,
verification and disclosure, and if so, which?
• If no, does your organization have plans to begin GHG emissions
quantification for its GHG emissions inventory in the next two
years?

• Does your organization have GHG reduction targets for Scope 2

emissions?
• If yes, what is the level of ambition of your targets? (i.e., 2030
Net Zero, under 1.5°C warming, etc.)
• What national or international standard(s) or initiative(s) does
your organization currently use for its reduction targets?
• Have you heard of the Government of Canada’s proposed Net-
Zero Challenge initiative? If yes, does your organization have the
intention to participate in the Challenge?
• If the answer to Question 1 is no, does your organization have
plans to set GHG reduction targets in the next two years?

• Does your organization quantify its Scope 3 GHG emission

inventory from relevant sources?
• If yes, what standards or initiatives does your organization
currently use to complete its GHG emissions inventory?
• Does your organization work with any third-party
organization(s) to complete its GHG emissions quantification,
verification and disclosure, and if so, which?
• If no, does your organization have plans to begin GHG emissions
quantification for its GHG emissions inventory in the next two
years?

• Does your organization have GHG reduction targets for relevant

Scope 3 categories ?
• If yes, what is the level of ambition of your targets? (i.e., 2030
Net Zero, under 1.5°C warming, etc.)
• What national or international standard(s) or initiative(s) does
your organization currently use for its reduction targets?
• Have you heard of the Government of Canada’s proposed Net-
Zero Challenge initiative? If yes, does your organization have the
intention to participate in the Challenge?
• If the answer to Question 1 is no, does your organization have
plans to set GHG reduction targets in the next two years?

3 07/02/2024
Future-Fit Business Benchmark Mapped to Other Sustainability Frameworks

Canadian Treasury Board Secretariat (TBS) RFI for Disclosure of Emissions and the Setting of Reduction Targets

Possible questions

Does your organization publicly disclose its GHG emissions

inventory?

4 07/02/2024