GOVERNANCE AND TRANSPARENT REPORTING
INTRODUCTION
SUSTAINABILITY OBJECTIVES AND STRATEGY
ENVIRONMENTAL
CORPORATE CITIZENSHIP
APPENDICES
RISK AND CRISIS MANAGEMENT
A key part of our business and decision-making process is to maintain an effective risk oversight program to enable the company and board to proactively monitor, assess, manage, and respond to identified potential sustainability risks.
AUDIT COMMITTEE Oversees company’s enterprise risk management program, which includes sustainability risks.
NOMINATING AND CORPORATE GOVERNANCE COMMITTEE
Oversees reputational and corporate governance risks, including potential conflicts of interest, director independence, and board refreshment, and receives quarterly sustainability updates on opportunities and progress.
Our senior management team oversees the day-to-day management of enterprise risk, which includes the implementation of the company’s Enterprise Risk Management (ERM) program. This program identifies, monitors, and mitigates risks through strategic actions. Under the ERM program and the oversight responsibilities outlined in the committee charters, management provides regular updates to the board and relevant committees to ensure alignment and accountability. The board has engaged an independent consultant to supplement management’s activities on the enterprise risk assessment, which rotates through each area of our activities and reports on a quarterly basis to the Audit Committee. With input from management, the consultant provides a heat map to prioritize risks based on urgency and potential impact. The board engages additional consultants as it deems necessary to investigate and prepare for potential emerging risks.
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2024 SUSTAINABILITY REPORT
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