RHI Magnesita NV

Lobbying Governance

AI Extracted Evidence Snippet Source

The Board of RHI Magnesita guides the development of our strategy and appetite towards risk. It also has oversight of other material matters such as regulatory developments or reputational and financial topics. Responsibility for and oversight of climate-related risks and opportunities has been assigned to the Corporate Sustainability Committee (CSC). The Chairman of the Committee, who is responsible for overseeing RHI Magnesita's climate strategy, engages directly with RHI Magnesita managers and employees on climate topics as required between the regular Committee meetings. Certain members of the Executive Management Team regularly attend the Committee meetings. The Committee Chairman reports to the Board on climate-related matters on a regular basis. The CSC regularly reviews climate risks and opportunities, strategy and performance, while the Remuneration committee reviews and approves bonus payment linked to climate. Climate-related progress is discussed at every CSC meeting, with the Chair engaging directly with those driving the CO2 strategy in between CSC meetings as needed. Recommended disclosures are presented on Table 1. The Audit & Compliance Committee oversees any material ESG risks, including climate-related risks. [...] 5. Lobbying governments to invest in the necessary infrastructure to decarbonise the refractory industry and other energy intensive industries, including additional renewable energy generation, hydrogen supply networks, CO2 transportation and storage and carbon capture and utilisation technologies.

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