YouGov PLC

Lobbying Governance

AI Extracted Evidence Snippet Source

##### YouGov's commitment to environmental responsibility is driven by board-level leadership. The YouGov plc Board is committed to integrating climate-related and other environmental factors into the Company's strategic direction, financial planning, and operational activities as appropriate. The Board maintains oversight of climate-related risks and opportunities, which are assessed as part of the annual Group risk review process.\n\n#### Board-level Oversight of Climate Change\n\nThe Board has ultimate responsibility for YouGov's ESG commitments, including climate-related risks, targets, and disclosures. The Board, either directly or through their delegated authorities, ensures that transparent climate-related disclosures are made, the effectiveness of climate strategies is monitored, and capital expenditures in support of the company's Net Zero goals are authorised.\n\nThe Board engages with the Company's ESG Team annually via a Deep Dive session to receive education on ESG topics, assess the effectiveness of ESG strategies and initiatives, and progress against climate-related targets. In FY24, this session took place in March, and the discussions included reviews of performance and targets related to the Company's ESG strategy, including climate-related strategies and targets.\n\nThe Board is committed to ongoing professional development in sustainability and climate change. In addition to the Deep Dive, the Board were given a supplemental reading pack to expand their knowledge of climate change matters. The Board's deepened knowledge of sustainability and climate change informs both our commercial and ESG initiatives.\n\n###### Audit & Risk Committee\n\nThe Board has assigned the Audit & Risk Committee the responsibility for overseeing and scrutinising YouGov's risk management policy and processes, including those related to climate risks. This includes evaluating and prioritising potential climate-related risks and opportunities and their impacts and approving mitigation strategies to manage those risks effectively. Climate-related risks and opportunities, including the Company's Climate\n\n#### Management-level Oversight of Climate Change\n\nThe Executive Leadership Team (known as the Small Group) has been delegated the responsibility of overseeing YouGov's overall management. The Small Group is accountable for ensuring that ESG priorities, including climate change, are effectively integrated into the Company's operations and communicated across all levels of the organisation.\n\nThe Chief Governance and Compliance Officer (CGCO) and Company Secretary is an Officer of the Company and has the highest management position responsible for oversight of climate-related risks and opportunities. They oversee the process to assess, identify, and manage these risks and opportunities annually. The ESG team, led by the Head of Compliance & ESG, is a dedicated resource for developing and implementing ESG initiatives, including those related to the environment and climate change. Additionally, they are tasked with developing and implementing the annual ESG Roadmap, coordinating company-wide ESG training, facilitating ESG-related communications internally and externally, and ensuring compliance with all relevant ESG regulations, including disclosure requirements. The ESG team reports to the CGCO on an average once a month, though there is no formal reporting frequency. The CGCO, as a member of the Small Group, and as Company Secretary to the Board of Directors, ensures a high level of communication between the two bodies. The Small Group's activities are reported to the Board at each of its eight annual meetings.\n\n#### Communication of Climate Change-related Matters\n\nTo effectively communicate ESG matters, including those related to climate change, to the YouGov workforce, we employ a multi-channel approach, including annual ESG webinars, regular intranet articles, quarterly updates to senior leadership, monthly communications to line managers, and ESG training for new employees.\n\n#### Future Plans\n\nIn FY25, YouGov intends to establish an executive-level Sustainability Committee for escalation and decision-making on key sustainability matters. The Committee will also provide strategic guidance and recommendations to the Board on key sustainability matters. A dedicated budget supports ESG initiatives, ensuring adequate resources for effective management and progress against goals.

https://corporate.yougov.com/documents/422/YouGov_TCFD_Report_2024.pdf