During 2025, Phenna developed its inaugural Task Force on Climate-related Financial Disclosures (TCFD) report, covering the 2025 reporting period. The report was published in March 2026 and strengthened transparency around Phenna’s approach to climate governance, strategy and risk management. As part of this work, Phenna carried out a climate risk assessment with support from Oakley’s Sustainability Team, drawing on Oakley’s portfolio-wide climate risk assessment approach to identify relevant physical and transition risk drivers across Phenna’s operating footprint. This supported consistency with Oakley’s broader sustainability framework, while enabling Phenna to apply the resulting insights directly in its own planning and decision-making.

Phenna’s data collection capability supported a robust assessment and helped translate insights into clearer priorities for monitoring and resilience planning. By advancing its climate reporting and risk assessment capabilities, Phenna is strengthening its readiness for evolving regulatory expectations and building a foundation to respond effectively to the transition to a low-carbon economy over time.