Task Force on Climate-Related Financial Disclosures (TCFD) Index
Governance
Governance: Disclose the organization’s governance around climate-related risks and opportunities
| Topic | Disclosure Indicator | Location/Response | Page |
|---|---|---|---|
| a) Describe the Board’s oversight of climate-related risks and opportunities. | Frequency at which the Board and/or committees are informed about climate-related issues | How We Operate/Governance | Page 6 and the 2025 Report (page 6) |
| The Board and/or committees consider climate-related issues when reviewing and guiding strategy. | How We Operate/Governance | ||
| The Board monitors and oversees progress against goals and targets for addressing climate-related issues. | How We Operate/Governance | ||
| b) Describe management’s role in assessing and managing climate-related risks and opportunities. | The organization has assigned climate-related responsibilities to management-level personnel or committees. | How We Operate/Governance | |
| Description provided of the associated organizational structure(s) | How We Operate/Governance | ||
| Description provided of how management monitors climate-related issues | How We Operate/Governance | ||
| Description provided of the processes by which management is informed about climate-related issues. | How We Operate/Governance |
Strategy
Strategy: Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning.
| Topic | Disclosure Indicator | Location/Response | Page |
|---|---|---|---|
| a) Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term. | Description provided of what they consider to be the relevant short-, medium-, and long-term time horizons. | The Company is currently defining our short-, medium- and long-term horizons, with these timelines being guided by our assessment of climate-related risks. | |
| Description provided of the specific climate-related issues potentially arising in each time horizon that could have a financial impact | The Company does not fall under any high-risk categories as defined by TCFD, yet we do acknowledge the significant impacts of climate change and apply thorough consideration of climate-related risks and their respective time horizons. The short- and medium-term risks prevalent to the Company relate to physical risks to our facilities: floods, hurricanes, wildfires and weather changes that have critical impact to our material supply chain. The long-term risks relate to changing agricultural regions and droughts that can impact our timber growing regions and the cost and supply of wood. The Company will continue to conduct assessments and use associated insights to bolster the climate resilience of our operations and supply chain. | ||
| Description provided of the process(es) used to determine the risks and opportunities that have a material financial impact on the organization | Considering the Climate in Business Decision-Making | 2025 Report, page 18 | |
| b) Describe the impact of climate-related risks and opportunities on the organization’s business, strategy and financial planning. | The Company discloses information on the potential impacts of climate-related risks and opportunities. | Considering the Climate in Business Decision-Making | 2025 Report, page 18 |
| Description of how climate-related issues serve as an input to their financial planning process, the time period(s) used, and how these risks and opportunities are prioritized. | The Company recognizes the significant impact climate change could have on our business. Therefore, we assess its related challenges and opportunities quarterly alongside other significant potential risks. By keeping a consistent pulse on climate change and what is happening across our business, we are able to leverage opportunities and minimize risks to maintain favorable position within the furniture retail marketplace. | ||
| c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. | Climate-related scenario analysis conducted by the Company. | We are conducting TCFD risk assessments for both physical and transition risks. The physical risk assessments also include analyses for our top 50 suppliers, providing insight into how we can help strengthen climate resilience along our supply chain. | |
| The Company discloses how resilient its strategies are to climate-related risks and opportunities. | We have conducted risk analysis for all categories of risk specified by TCFD. We were either below or in the moderate range for all categories of risk. For the Company, climate risk assessment and evaluation is a continuous process and we’ll keep conducting these evaluations as needed and will realign our strategy, if required. |
Risk management
Risk management: Disclose how the organization identifies, assesses and manages climate-related risks.
| Topic | Disclosure Indicator | Location/Response | Page |
|---|---|---|---|
| a) Describe the organization’s process for identifying and assessing climate-related risks. | Processes for identifying climate-related risks defined, covering potential size and scope (materiality determination) of identified climate-related risks. | Considering the Climate in Business Decision-Making | 2025 Report, page 18 |
| Description of whether they consider existing emerging regulatory requirements related to climate change (e.g., limits to emissions). | The Company has conducted a policy risk exposure assessment to measure the enterprise carbon pricing risk. | ||
| The Company defines risk terminology used or makes a reference to the existing risk classification frameworks. | The Company uses the TCFD – Climate Physical Risk and Climate Transition Risk framework | ||
| b) Describe the organization’s process for managing climate-related risks. | Description provided of processes used to manage climate-related risks (policy and legal, technology, market, reputation, physical). | Considering the Climate in Business Decision-Making | 2025 Report, page 18 |
| c) Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management. | Processes for identifying, assessing and managing climate-related risks are integrated into the overall enterprise risk management framework. | The Company’s enterprise risk management process engages key business and functional leaders to identify the major risks faced by the Company, including environmental and sustainability risks, and management identifies ways to mitigate and monitor such risks. At least annually, the Company’s executive leadership reviews with the full Board the key risks identified in the enterprise risk management process, as well as the steps identified to mitigate such risks. The business and functional leaders responsible for management of the identified risks also regularly discuss changes in the assessment of those risks and mitigation plans with the Board. We are continually refining and updating our risk management framework and procedures to account for both existing and future climate-related risks. We also consistently engage with our suppliers to communicate our sustainability goals, discuss sustainable sourcing practices, and support them in making their operations less carbon intensive. |
Metrics and Targets
Metrics and Targets: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.
| Topic | Disclosure Indicator | Location/Response | Page |
|---|---|---|---|
| a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. | The Company discloses key metrics used to measure and manage climate-related risks. |
Improving Our Environmental Footprint
We are not a water- or land-use intensive business. |
9-11 |
| The Company includes metrics on climate-related risks associated with energy, emissions, materials and waste management where relevant and applicable. | |||
| The Company discloses cross-industry, climate-related metric categories. | Improving Our Environmental Footprint/Emissions and Energy Management/Scope 3 Emissions | 11 | |
| b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas emissions, and the related risks. | The Company discloses Scope 1 and 2 GHG emissions. | Improving Our Environmental Footprint/Emissions and Energy Management/Scope 1 and 2 emissions | 11 |
| The Company discloses Scope 3 emissions. | Improving Our Environmental Footprint/ Emissions and Energy Management/Scope 3 Emissions | 11 | |
| Industry-specific GHG efficiency ratios disclosed. | The Company is in the process of developing GHG efficiency ratios for our operations. | ||
| c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. | GHG targets are in place. | Improving Our Environmental Footprint/Emissions and Energy Management | 11 |
| Climate change non-GHG targets are in place, covering energy and waste management where relevant and applicable. |
We strive to divert 90% of manufacturing waste from landfill. We also aim to reduce the amount of hazardous waste produced year-over-year. We are not a water- or land-use intensive business. |
10 | |
| The organization, disclosing medium- or long-term targets, should also disclose associated interim targets in aggregate or business-wise where available. | We are currently working toward a decarbonization roadmap that will guide this work from FY 2027 onward. | 11 |