At the company's highest level, we are taking action and making decisions for the climate. We have created an Ethics and CSR Committee within the Board of Directors to reinforce our climate governance. [...] The Board of Directors oversees climate strategy and related risks and opportunities. Each year, the Board of Directors examines issues related to climate change and validates Renault Group's strategy to reduce greenhouse gas emissions, its electrification strategy and the impact of new greenhouse gas emissions and pollution regulations. To explore environmental issues in depth and reinforce their governance, in 2019 the Board of Directors set up a specialized committee focusing on a range of topics, including ethics and corporate social responsibility issues: the Ethics and CSR Committee. Independent directors account for 66.7% of the committee's members, in line with the recommendations of the AFEP-MEDEF Code. On March 31, 2021, the committee was made up of five members designated by the Board of Directors. The BOD appoints the committee's Chair from among the independent directors, upon recommendation by the Governance and Compensation Committee. [...] The Ethics and CSR Committee is mainly tasked with: ensuring a high level of commitment in terms of extra-financial compliance, ethics and social and environmental responsibility; reviewing and assessing procedures for reporting and controlling non financial indicators (environmental, health and safety indicators and workforce-related reporting); receiving, every year, the presentation of the risk-mapping of the Group relating to ethics, social responsibility and sustainable development; the Board of Directors reviews the risks and opportunities identified and is kept informed of their evolution and the characteristics of the related management systems; reviewing reporting, assessment and control systems to ensure that the company is able to provide reliable non-financial information and, in particular, issue an opinion on the declaration of extra-financial performance that must be published in accordance with applicable law; working to ensure that the Group takes into account extra-financial issues and long-term outlooks; promoting ethics and ensuring that ethical rules are harmonized within Group entities and monitoring their application. The Ethics and CSR Committee meets at least twice a year and coordinates its work with that of the other specialized committees of the Board of Directors, in particular: the Audit, Risks and Compliance Committee (CARC), for matters relating to internal control, compliance, risk analysis and management (including of climate related risks) and non-financial information; the Strategy Committee, for matters relating to ethics policy, corporate social responsibility and sustainable development, including carbon neutrality. [...] The Board of Management (BoM) is responsible for defining and implementing Renault Group's mid-term strategy, within the scope of the guidelines set by the Board of Directors. It is assisted by the CSR Steering Committee created in 2020, which is chaired by the Chief Executive Officer. The focuses of Renault Group's environmental policy are debated twice a year and approved by the BoM on the recommendation of the Vice President of Strategic Environmental Planning. [...] The Strategic Environmental Planning department prepares, deploys and monitors the implementation of the environmental policy in all sectors of the company. To this end, it uses a network of representatives who are assigned to all company departments, as well as the expertise network created within the Group in 2010 in areas such as "energy, environment and raw materials strategy", "vehicle CO2" and "air quality and substances". These experts provide in-depth knowledge on these strategic topics and implement a cross-cutting approach that has been recognized internally for its rigor and neutrality. Within each operational department, one or more climate project contributors have been appointed. Their role is to adapt the Group's climate objectives to each business, build medium- and long-term roadmaps, coordinate action plans and report on performance. Reporting is carried out at operational department level and consolidated by the Strategic Environmental Planning department, for review by the CSR Steering Committee and the Ethics and CSR Committee of the Board of Directors. Monthly meetings serve to monitor the climate project's progress across all Group businesses and adjust the action plan, as needed.