The risks stemming from climate change include: • Increased energy costs. • Greater impact and frequency of natural disasters affecting places where we have units, thus affecting operations. • Disruptions in distribution routes due to natural disasters. • Increased costs for raw materials and products due to limited availability of non-renewable resources, such as water and agricultural products. • Changes in climate change legislation, which could impact the cost for raw materials and/ or overall operation. • Taxes or regulatory limits for either direct carbon emissions or in the supply chain.