SUSTAINABILITY STATEMENT SUSTAINABILITY STATEMENT IFRS S2 CLIMATE RELATED DISCLOSURES (cont’d) GOVERNANCE Board’s Role Climate governance sits with the Board, which retains ultimate accountability for oversight of climate-related considerations and related policies. The structure is set down below: WHO SUSTAINABILITY ROLES AND RESPONSIBILITIES Board of Directors Deliberates and determines the Group’s sustainability strategies and policies with a focus on ESG aspects. Senior Management Oversees the overall strategy implementation process. Reviews sustainability-related information and presents it to the Board. Sustainability Working Group Develops, implements, monitors and reviews the strategies, plans and initiatives related to sustainability matters. Prepares, collectively or through a designated member, updates as well as advises senior leadership and/or the Board on its activities when requested. Business Units & Division Heads Operationalise the plan in the respective business units and divisions. Collate sustainability-related information against measurable indicators to provide resolution and facilitate informed decision-making. Working Level Implements the plan in their respective job functions. The Board provides oversight of climate-related matters and ensures climate change is monitored, managed, mitigated and reduced in a strategic and orderly manner, with the Group structured to give the Board key oversight over climate change policies and management. The Board’s climate oversight is reinforced by the Group’s position that climate change is a material topic under the oversight of the Board and Senior Management, alongside continued emissions monitoring and the commencement of Scope 3 emissions tracking. In governing climate-related disclosures, the Board’s oversight is supported by the Group’s sustainability governance structure, where the Board deliberates and determines sustainability strategies and policies with a focus on ESG aspects, and receives sustainability-related information for review and decision-making. The Sustainability Working Group (“SWG”) plays a pivotal role by driving the ESG agenda, ensuring effective implementation of sustainability strategies and plans, and disseminating the ESG plans of the Board and Senior Management across supervisory and working levels. The Board’s approach is also positioned to support IFRS S2-aligned reporting, as the climate risk assessment work is framed to align with IFRS S2 recommendations and serve as a foundation for ongoing implementation of the IFRS S2. In addition, the Group states its climate change approach is guided by the TCFD framework, where now it has been integrated within the IFRS S2, to which it commits to further align to going forward. From a broader governance standpoint, the Board sets the “tone from the top” on corporate governance and delegates specific oversight responsibilities through Board Committees established to support Board effectiveness and oversight. The Board Committees comprise the Nomination Committee, Remuneration Committee, Risk Management Committee and Audit Committee, each operating under written Terms of Reference and reporting to the Board. The Nomination Committee supports the Board by reviewing the effectiveness of the Board and its committees, including evaluating governance practices and ensuring that the Board continues to function effectively in providing oversight. The Remuneration Committee supports the Board in deliberating remuneration and incentive matters, and the Board may consider sustainability and climate-related considerations in aligning performance objectives with longterm value creation. Through these committees, the Board provides strategic direction, approves relevant policies, and monitors the Group’s progress in addressing climate-related risks and opportunities. 145
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