Organizational Governing Structure for Sustainability and Risk Management
We believe in the importance of Sustainability and Risk Management functions, which enables the Company to anticipate and manage current and future economic, environmental and social opportunities and risks arising from the company’s business activities.
Sustainability and Risk Management Committee
The Board has appointed Members of the SRM Committee, each of whom possess in-depth knowledge and vast expertise in sustainability and risk management. The SRM Committee is the second highest authority in the Company. Currently, the SRM Committee comprises six members of the Board, including three Independent Directors.
Sustainability Steering Committee
The SRM Committee is supported by the Sustainability Steering Committee, formed in 2014, which consists of 14 senior executives of the Company, each of whom have diverse experiences across different functions and businesses and who bring together considerable subject matter expertise. The Sustainability Steering Committee advances the objectives of sustainability and implements the sustainability practices across all IVL entities.
Sustainability Area Champions
In 2015, the Sustainability and Risk Management Committee nominated champions for each area of sustainability as mentioned in the governing structure for sustainability and risk management. The champions, with their leadership abilities, vast expertise and industry knowledge will drive efficiencies throughout the organization by implementing new initiatives or modifying existing practices in-line with industry best practices. Through this structure, the Committee is ensuring the development of a sustainability culture into the Company’s corporate DNA and day-to-day operations.
The following is the governing structure for Sustainability and Risk Management:
As of December 13, 2016