Our sustainability governance framework enables climate risk and sustainability to be embedded across all levels of the organisation”
Milton McCann
Group Manufacturing and Supply Director
Our Governance Framework
Climate change presents various economic, business and social risks which will affect our business over the short, medium and longer term. Given its importance, climate change is overseen at the highest level of the Company and integrated into business processes wherever possible.
The Advisory Committee of our shareholders established an ESG Sub-Committee. The ESG Sub-Committee is responsible for overseeing the development of the Group’s Sustainability strategy, advising on objectives and targets for the Group’s ESG activities and oversee the measurement and reporting of performance against these targets.
The Senior Executive Team (SET) is responsible for delivering on the climate-related objectives within their functional areas and business units. The SET own the risk management process and is responsible for managing specific Group risks. Climate risk has been identified as a principal risk and has been discussed with each SET member. The SET have delegated the overseeing the development and implementation of the Group’s Sustainability strategy, establish Sustainability strategic goals, short and long term science-based target and key Sustainability metrics and overseeing the measurement and reporting of performance against these targets to a Sustainability Committee.
Read more information about our Governance Framework and the key duties of the Sustainability Committee
Read moreThe key duties of the Sustainability
Committee are to:
- make recommendations to the ESG Sub-Committee regarding the Group’s Sustainability Strategy;
- establish objectives and targets for the Group’s Sustainability activities and oversee the measurement and reporting of performance against these targets;
- review and approve any Sustainability related policies and their implementation and to monitor and review their ongoing relevance and effectiveness;
- make recommendations to the ESG Sub-Committee in relation to projects, or elements of a project, that will or may have significant Sustainability impact;
- identify the Sustainability matters that do, or are likely to, affect the Group and/or its overall strategy;
- monitor current and emerging Sustainability trends and relevant regulations and review their impact on the strategy, operations and reputation of the Group and, where necessary, update Sustainability Strategy and policies; and
- work with the Head of Internal Audit and Risk Assurance to identify and mitigate Sustainability risk.
