Sustainability
Governance

Within our Board of Directors, the Nominations and Remunerations Committee (NRC) is responsible for Environmental, Social and Governance (ESG) matters. The NRC also oversees the sustainability strategy and the progress made toward achieving sustainability targets, as well as the plans for environmental and climate action. Finally, the NRC advises the Board on programmes related to ESG matters. It further oversees e&’s material business risks in relation to ESG as well as risk management strategies and risk controls.

A Sustainability Steering Committee was established at management level to provide strategic direction on sustainability across the Group, and to drive the implementation of the sustainability programme. This Committee is chaired by our Group CEO and is composed of members of e&’s executive management. e&’s Senior Vice President of Sustainability reports directly to the Committee on all ESG and sustainability matters. Cross functional sub-committees that focus on environmental, social and governance issues were established to assist the Committee in its work. The Environment sub-committee is chaired by e& International Chief Technology Officer, while the Social and Governance sub-committee is chaired by the Group Chief Legal and Compliance Officer. The sub-committees are composed of Directors and Senior Directors who have sustainability integrated into their daily scope of work across the Group.

A committed group of sustainability experts with experience in all ESG pillars, advises and provides particular insight as needed to help integrate sustainability into the business on a daily basis.

In 2023 we worked on our incentive programme to add ESG factors to both our Company’s scorecard and the individual scorecards of four Executive team members, so that they are rewarded for how well e& performed in one ESG rating.