DP WORLD ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2021
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RISK MANAGEMENT
Risk management receives a Group-wide approach in the identification, assessment and prioritisation of risks. Our ESG commitment is now one of the key strategic risks that is regularly
The GSI team identifies, assesses, and supports the mitigation of sustainability- related risks and opportunities. These are reported to the Group Enterprise Risk and Resilience team who are responsible for ensuring a consistent approach to risk management across the Group.
The Governance and Sustainability Committee reports on these various risk components to the Group Enterprise Risk and Resilience team, who are responsible for developing Group-wide consistent risk management frameworks. The Audit and Risk Committee monitors the nature and extent of key risks Group-wide, which now includes ESG risks. Further information on our key ESG performance metrics is provided in the ESG scorecard of this report, which you can find on page 36.
monitored and reported to Senior Management, the Audit and Risk
Committee and the Board. ESG risks are made up of several components, including human rights and ensuring that we conduct ethical business activities.
SUSTAINABILITY MANAGEMENT FRAMEWORK
BOARD LEVEL
GOVERNANCE AND SUSTAINABILITY COMMITTEE
AUDIT AND RISK COMMITTEE Under delegation from the Board, it monitors the nature and extent of key risks facing the Group, including environmental and social risks.
New committee created in 2020 to set strategy and represent sustainability agenda at board level.
Communicate strategy
Communicate risks & mitigation
GROUP SUSTAINABILITY AND IMPACT TEAM • Guides and implements DP World’s global sustainability and impact strategy and approach. • Identifies, assesses, and oversees the mitigation of sustainability-related risks and opportunities. • Monitors impacts of sustainability programmes and initiatives. • Reports sustainability-related risks to the Group Enterprise Risk & Resilience team, including the progress of mitigation.
Implement strategy and approach
SUSTAINABILITY CHAMPIONS • Our team of Regional Sustainability Champions coordinate with Head Office and provide a key link to our global network of Sustainability Champions. They enable us to maintain strategic alignment and support our community projects globally. • Our global Sustainability Champions drive implementation of the sustainability and impact strategy across DP World Group businesses, and Lead on local initiatives and creates valuable partnerships.
“GOOD GOVERNANCE IS CORE TO OUR BUSINESS. IT ENABLES US TO ACHIEVE OUR OBJECTIVES AND VISION AS A GROUP, WHICH IS TO LEAD THE FUTURE OF WORLD TRADE. AS PART OF OUR COMMITMENT TO GOVERNANCE, SUSTAINABILITY AND EFFECTIVE RISK MANAGEMENT, AND IN LINE WITH OUR STRATEGIC VISION, OUR GOVERNANCE AND SUSTAINABILITY COMMITTEE SUCCESSFULLY MANAGES ENVIRONMENTAL, SOCIAL, AND GOVERNANCE MATTERS AND OVERSEES OUR SUSTAINABILITY STRATEGY AND POLICIES.”
MOHAMMAD AL HASHIMY DEPUTY GROUP GENERAL COUNSEL AND COMPANY SECRETARY — GROUP COMPANY SECRETARIAT
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