Vidrala SA

The Executive Committee delegates responsibility to the ReNEWed Energy Taskforce to review business cases of investments related to our sustainability strategy, as well as reviewing if any investments counter our sustainability strategy, and longer-term goals. This working group thus plays a key role in ensuring continuous monitoring of the Group's sustainability strategy. Comprised of seven members, including our Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operations Officer (COO), Encirc's Managing Director (MD), Technical Director, Sustainability Director, and Energy Procurement Manager. The Executive-level ReNEWed Energy Taskforce is co-chaired by our Chief Financial Officer (CFO), and Sustainability Director, this team draws from a wide range of perspectives and personal experience. [...] The focus of the Taskforce is to develop, oversee, and implement our 4Ps strategy's targets and direction to ensure we're taking the right action on climate change, energy efficiency, innovation, diversity & inclusion, employee well-being, biodiversity, and our communities. The Taskforce is responsible for the alignment and coordination of efforts across the different functional units and advocating and supporting all the actions required for the Group to achieve its Near-Term Science Based Target (SBT), and Net Zero Target. It is also accountable for the top risks and opportunities, keeping track of the potential impact these risks could pose across various climate scenarios. The Taskforce are responsible for ensuring the appropriate risk management is adopted, this includes the implementation of mitigation actions and controls as required.

The Executive Committee delegates responsibility to the ReNEWed Energy Taskforce to review business cases of investments related to our sustainability strategy, as well as reviewing if any investments counter our sustainability strategy, and longer-term goals. This working group thus plays a key role in ensuring continuous monitoring of the Group's sustainability strategy. Comprised of seven members, including our Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operations Officer (COO), Encirc's Managing Director (MD), Technical Director, Sustainability Director, and Energy Procurement Manager. The Executive-level ReNEWed Energy Taskforce is co-chaired by our Chief Financial Officer (CFO), and Sustainability Director, this team draws from a wide range of perspectives and personal experience. The focus of the Taskforce is to **develop, oversee, and implement our 4Ps strategy's** targets and direction to ensure we're taking the right action on climate change, energy efficiency, innovation, diversity & inclusion, employee well-being, biodiversity, and our communities. The Taskforce is responsible for the alignment and coordination of efforts across the different functional units and advocating and supporting all the actions required for the Group to achieve its Near-Term Science Based Target (SBT), and Net Zero **Target. It is also accountable for the top risks and opportunities, keeping track of the** potential impact these risks could pose across various climate scenarios. The Taskforce are responsible for ensuring the appropriate risk management is adopted, this includes the implementation of mitigation actions and controls as required. Finally, the **Sustainability Director is responsible for the** **day-to-day strategy building,** **goal setting, execution, and progress of all 4Ps related performance metrics. The Sus-** tainability Director also has management responsibility for climate-related issues, including sustainability initiatives, targets, and disclosure of emissions annually. Our Human Resources (HR), Health and Safety Executive (HSE) and environmental teams bring a broad spectrum of experience to ensuring our sustainability strategy is fit for the future, and further support us in the achievement of our 4Ps targets. This joined up approach helps to ensure our 4Ps strategy is integrated to all areas of the business. Functional units including Procurement, HR, Technical, Communications & Marketing, Regulatory, Sales and Operations, are responsible for the implementation of all areas of our strategy.

Governance of our Sustainability Strategy\n\nOur sustainability strategy is ensured at Group level in accordance with the following governance framework:\n\n###### Executive Board of Directors Committee\n\nMonitors progress and advises on our 4 Responsible for the company's\nP's sustainability strategy. performance related to the key targets of\nthe 4 P's sustainability strategy.\n\n|Col1|Col2|Col3|\n|---|---|---|\n\nThe ReNEWed Energy Taskforce is made\nup of 7 key stakeholders that includes\nour Chief Executive Officer (CEO), Chief\nFinancial Officer (CFO), Chief Operations\nOfficer (COO), Encirc's Managing Director\n(MD), Technical Director, Sustainability\nDirector, and Energy Procurement manager.\n\nThe focus of the taskforce is to develop,\noversee, and implement our 4 P's\nstrategy's targets and direction to ensure\nwe're taking the right action on climate\nchange, energy efficiency, innovation,\ndiversity & inclusion, employee well-being,\nbiodiversity, and our communities.\n\n###### ReNEWed Energy Taskforce\n\nResponsible for day-to-day strategy\nbuilding, goal setting, execution, and\nprogress reporting of all 4 P's related\nperformance metrics. There are also\na broad group of stakeholders which\nincludes HR, HSE and others, that bring\na broad spectrum of experience to our\nsustainability strategy, and which further\nsupports us in achieving our people, place,\nand prosperity initiatives. This joined\nup approach helps to ensure our 4 P's\nstrategy is integrated to all areas of the\nbusiness.\n\n###### Sustainability Director

Governance and responsibility of our 4 P's business strategy is shared throughout the business and championed from the top by our board of directors, executive committee, and senior leadership, through to the factory floor. [...] Checks and balances are robust, and our strategy and operations are transparent to our stakeholders. This includes remuneration, board composition, accountability oversight, selection of pension funds, and payment of the fair amount of taxes in all geographies that we operate. [...] Our sustainability strategy is ensured at Group level in accordance with the following governance framework: Board of Directors: Monitors progress and advises on our 4 P's sustainability strategy. Executive Committee: Responsible for the company's performance related to the key targets of the 4 P's sustainability strategy. ReNEWed Energy Taskforce: The ReNEWed Energy Taskforce is made up of 7 key stakeholders that includes our Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operations Officer (COO), Encirc's Managing Director (MD), Technical Director, Sustainability Director, and Energy Procurement manager. The focus of the taskforce is to develop, oversee, and implement our 4 P's strategy's targets and direction to ensure we're taking the right action on climate change, energy efficiency, innovation, diversity & inclusion, employee well-being, biodiversity, and our communities. Director of Sustainability: Responsible for day-to-day strategy building, goal setting, execution, and progress reporting of all 4 P's related performance metrics. There are also a broad group of stakeholders which includes HR, HSE and others, that bring a broad spectrum of experience to our sustainability strategy, and which further supports us in achieving our people, place, and prosperity initiatives. This joined up approach helps to ensure our 4 P's strategy is integrated to all areas of the business.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Vidrala Group only engages with those that support climate science and the Paris Agreement. The Group does not support and engage with anyone who openly disagrees with or discredits climate science. Our engagement is widely collaborative and solutions orientated, with an aim for bringing about long-term change across our industry.

In 2021, our SBT was submitted and was approved in 2022. In 2022, we plan to develop a long-term net zero target to show our commitment to decarbonisation. To ensure our engagement activities are consistent with our overall climate change strategy, we identify the influence that our engagement may have and evaluate whether there are any risks and opportunities that may arise as a result of the engagement. We ensure that who we are engaging with has a climate change strategy consistent, or superior to our own. We will then disclose our engagement and report any outcomes of the engagement to encourage full transparency.

We continue to formalise this process to ensure our engagement activities are consistent with our overall climate change strategy and drive towards sustainable decarbonisation of the glass industry.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes