Sustainability Report Board Level Wasco’s Board holds ultimate responsibility of the Group’s sustainability agenda and provides oversight of the integration of ESG matters in Wasco’s corporate strategy with the aim of balancing stakeholder interests while ensuring that we grow responsibly and create long-term value. Governance, Compliance and Risk Committee (“GCRC”) The Governance, Compliance and Risk Committee (“GCRC”) was introduced in 2023 to provide enhanced Board oversight on Sustainability issues across Wasco Group. This change underlines our top-down approach and our commitment to embracing sustainability as a Group-wide agenda. The GCRC also has oversight of climaterelated matters, including climate risks and opportunities. The members of GCRC comprises of a Non-Independent Non-Executive Director and two Independent NonExecutive Director. The GCRC is chaired by an Independent Non-Executive Director. The GCRC met two times in the year under review and among the matters discussed were: • Reviewing Wasco’s sustainability performance and activities. • Sustainability Report enhancement recommendation. • TCFD adoption recommendation. Management Level The overall management responsibility and oversight of sustainability-related matters lies with our Managing Director/Group CEO. The Managing Director/Group CEO is supported by the Group Chief Strategy Officer, who oversees Group Sustainability, and other senior management within their areas of responsibility. For accountability, sustainability-related KPIs are included in our Managing Director/Group CEO as well as Business Unit’s Senior Leadership Teams (“SLTs”) annual remuneration-linked KPIs. All Business Units CEOs are also authorised to sign off on sustainability-related governance as part of internal control assurance. Working Level Wasco Sustainability Steering Committee (“SSC”) Chaired by the Managing Director/Group CEO, the SSC consists of representatives from Group Sustainability (“GS”) and selected Heads or nominees from key Group corporate functions. The SSC is responsible for supporting the management of ESG matters and ensuring collaboration to streamline the approach within the Group and promote sharing. 56 Integrated Annual Report 2023
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