He is supported by the Board and Corporate Responsibility Committee in ensuring that an appropriate environmental programme and performance objectives are set and flowed down across the business. The CR committee monitors progress in this area.
Risk is a regular agenda item at Board meetings and the Board reviews risk, including climate change risk, as part of its annual strategy review process. Each business completes and manages risk registers that includes non-financial risk such as climate change.
The approach we take to managing our impact on the environment is governed by our Environment Policy and embedded in the Company’s Operational Framework.
We recognise that environmental and climate risks could directly impact our ability to meet our strategic priorities, namely to continuously improve competitiveness and efficiency. Key aspects which are likely to influence our organisation and future strategic decisions include:
- Constrained supply and volatile prices of fuel and the associated taxes;
- Availability of critical materials;
- Increasing stringency of environmental legislation; and
- Contribution towards the UN Sustainable Development Goals.