Glanbia PLC

Lobbying Governance

AI Extracted Evidence Snippet Source

The Group's Board has overseen the continued evolution of our business to fulfil our purpose, including the review and approval of the Group's sustainability strategy and commitments. The Board and its Committees assess how the Group is performing against our commitments and our sustainability related impacts, risks and opportunities, as part of the overall risk management process. Our respective committee terms of reference were updated in 2024, outlining which elements of our sustainability strategy and related material topics each committee is responsible for, see 'Sustainability governance structure' on page 11. The terms of reference are available on www.glanbia.com. [...] The Board and/or its relevant Committees received four dedicated updates from senior leadership including the Senior Vice President of Sustainability and the Head of ESG Governance and Reporting on sustainability matters including the Group's performance on its climate goals and strategy, climate-related risks and opportunities and our sustainability reporting progress. [...] Climate change information is provided by other management as part of their reporting, ensuring that it is increasingly integrated into the broader strategic decision-making process. This includes climate change considerations relating to major capital expenditure and business acquisitions. The Board monitors and oversees progress against climate-related targets and goals through detailed reports of discussions and recommendations which are presented to it by the Sustainability Committee following the conclusion of each meeting. The Board also considers climate-related metrics as part of the Group's financial and business planning cycle, and strategy assessment.

https://www.glanbia.com/sites/glanbia-plc/files/glanbia/sustainability/reporting-centre/sustainability-report-2024.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The US Dairy Innovation Center is a trade association Glanbia partners with to address and collaborate on the relevant policies. We have introduced environmental and climate-related recommendations into our responsible sourcing policy in 2021. These are aimed at encouraging suppliers and partners to engage with us on the related matters and address climate impacts and risks. However, they are not mandatory at this stage.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, but we plan to have one in the next two years

CDP Questionnaire Response 2023