Techtronic Industries Co Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

The ESG Executive Committee is led by the CEO and the Vice Chairman and is comprised of executives from various functions representing both the corporate and BU leadership. This committee helps drive the sustainability agenda for the company, oversees the ESG Working committee and updates the Board quarterly. This committee meets a minimum of once a quarter to discuss the short, medium, and long-term sustainability strategies. [...] The ESG Working Committee is comprised of 20 members with at least one member from each of our BUs to ensure complete coverage. Each of the BUs operate independently and develop their own plan to mitigate and share best practices on climate related issues. The committee meets monthly to implement strategies set by the Board and the executive committee. During the meetings they communicate and collaborate amongst each other, leverage knowledge, discuss performance monitoring, collect and report data, and set targets to meet objectives. The committee also discusses current goals, deadlines, metrics, risks, reporting concerns and opportunities for each BU and at the Group level. [...] At the BU level, climate-related issues are assessed, reviewed, and monitored by the appointed BU sustainability leader who is also the representing member of the ESG Working Committee. At the Group level, the finance department manages the overall ESG reporting process, that includes, tracking all KPIs, managing company-wide disclosures, such as CDP, working with Investor Relations to support shareholder inquiries, and any support the individual BUs require. The CEO (Chief Executive Officer) is ultimately responsible for managing climate change issues at the Group executive level. The CEO follows health and safety as well as climate-related operations via business performance meetings where these aspects are included. Quarterly, each BU gives an update to the CEO and the global executive team. The CEO updates the Board quarterly on business unit performance and sustainability. The Board assesses, reviews, and monitors any Health and Safety or climate-related issues brought to their attention. If any decisions are made by the Board on these issues, the decision is communicated to both the CEO and BUs for any necessary action to be taken.

https://www.ttigroup.com/wp-content/uploads/2023/04/TTI_ESG_2022_ENG_Final.pdf