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  "documentTitle": "PwC Network Climate-related disclosures report",
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  "authorName": "PwC",
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  "notes": "This slide is part of a sustainability report, specifically addressing climate risk management.",
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      "text": "Approximately 20% of our global revenues in FY25 came from clients that operate in industries for which the SASB Materiality Finder has identified “physical impacts of climate change” as a potentially relevant topic.",
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      "text": "revenue exposure: 20%",
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      "text": "The PwC network has not experienced material financial effects as a result of this risk in FY25.",
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      "text": "As we work with our clients locally and regionally, we will provide our expertise and input to support them with their strategic planning, to identify and respond to climate-related risks and related developments (within relevant independence requirements). This is an important factor in how we can mitigate this risk for our own business as well as supporting them to build greater resilience.",
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      "text": "This type of event also presents much wider societal and economic risks. We expect to work with multiple stakeholders, governments, clients and other ecosystem participants to plan for and reduce these risks as much as possible – to build resilience and minimise negative impacts.",
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      "text": "To identify, at a high level, the segments of our portfolio where clients may be exposed to higher levels of climate-related physical risk than others, we have referred to the International Financial Reporting Standards (IFRS) Foundation’s Sustainability Accounting Standards Board (SASB) Materiality Finder resource. Approximately 20% of our global revenues in FY25 came from clients that operate in industries for which the SASB Materiality Finder has identified “physical impacts of climate change” as a potentially relevant topic.",
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      "text": "We anticipate that the most significant impacts for our business will arise in the long-term, particularly if global temperatures continue to trend upwards. We estimate that the most significant financial effects will arise due to our business being indirectly impacted by decreased market demand (decreased revenue) due to disruption to our clients in high-risk sectors and/or regions.",
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      "text": "Business responses to mitigate this risk",
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      "text": "Disruption caused by increasing levels of extreme weather events is anticipated to affect industries and business sectors differently. As a portfolio business, we have a broad base of clients which includes businesses from almost all sectors within the economy, which in itself provides some element of risk mitigation for our business.",
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      "text": "The disruption felt by our clients means we may encounter uncertainty within our own business. A key response to mitigate this risk will be to identify those clients who face the highest levels of exposure, and to support them to adapt their business models and supply chains to build resilience. This is reflected in the opportunity for our business in sustainability-related services (see ‘Climate-related opportunities’ detailed below).",
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