Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Board appoints the members of an Environmental, Social and Governance (ESG) Committee. The role of the ESG Committee includes to: "develop and review regularly
the policies, programmes, practices, targets and initiatives of the Group relating to ESG matters ensuring they remain effective and up to date and consistent with good
industry practice", and to "provide oversight of the Group's management of ESG matters and compliance with relevant legal and regulatory requirements, including applicable
rules and principles of corporate governance, and applicable industry standards".
The Board is briefed not less than four times per year on the activities and recommendations of the ESG Committee. This provides senior oversight for all issues concerning
climate change and the wider environmental and sustainability agendas, as well as a single line of reporting within the business. The Sustainability Strategy is used to drive new carbon emission reduction targets and a large number of related projects and investments as part of our plans for the next 3 years. The Board also has overall responsibility for the Group's system of internal control, for reviewing its effectiveness and for confirming that there is a process for identifying, evaluating and managing the principal risks affecting the achievement of the Group's strategic objectives. This includes management of key risks and uncertainties including Sustainability, Compliance with laws and regulations, Brand and reputation, and Economic, political and environmental. This process ensures that any external engagements are consistent both with climate change and Sustainability Strategy as well as with our wider Brand and reputational values.