1 minute read

ESG STRATEGY ROOTED IN ACCOUNTABILITY

Next Article
The Future Outlook

The Future Outlook

As a Group we understand that robust corporate governance underpins any successful strategy for business growth, and our Sustainability Business Priorities are no exception.

Throughout 2022, our leadership teams have been engaged in training and awareness initiatives across the ANSA McAL Group in order to ensure comprehensive understanding of ESG and sustainability across the sectors and to prepare leadership at all levels for the development of the ESG framework beginning in 2023.

In addition, we have strengthened our corporate governance framework to ensure rigorous and continuous oversight of our ESG initiatives. The Governance, Nomination and Remuneration Committee (GNRC) of the Board has the responsibility to oversee the effectiveness of the Group’s Sustainability Framework and to report to the full Board. The GNRC’s responsibilities are outlined in its governing Charter which is available on our website at www.ansamcal.com.

In addition to the GNRC, a Sustainability and Enterprise Risk Committee at the Executive Level and a supporting working group will be established in 2023 to oversee and drive the Group’s Integrated ESG agenda. In addition to providing periodic updates on the progress of the Group’s ESG KPIs, this Committee will consider and make recommendations for approval by the GNRC on matters such as the appropriate ESG reporting standards.

Once the ESG reporting standards are selected, we will be better positioned to analyse and report on the business’ sustainability-related material impacts (both positive and undesirable) on the economy, people and the environment, sustainability-related risks and opportunities, and the associated management plans, all in consideration of the relevant ESG disclosure requirements. The Committee will also report to the GNRC on the systems in place to ensure the integrity of ESG data collection processes and reporting which will be the subject of both internal and external auditing.

This article is from: