Responsible business
Embedding sustainability principles
We embed sustainability considerations into the way we manage our business. From enterprise risk management to responsible procurement, our governance processes help ensure sustainability is integrated into decision-making across the organisation.
Risk management
We use our Enterprise Risk Management Framework System (ERMFS) to manage risk. Our Internal Audit and Risk Management team maintains the ERMFS and coordinates risk management activities across the Group, leveraging a network of functional Risk Champions. Each principal risk has a risk mitigation plan incorporating management assessment, together with an assessment of the effectiveness of mitigating controls and activities to reduce the risk to the target-level commensurate with the Group’s risk profile.
Sustainability-related elements are found in many of our principal risks and climate change is identified specifically as a principal risk. Our TCFD report which can be found in our Annual Report and Accounts provides details on our approach to climate risk including governance structures, such as the Board Sustainability Committee.