East African Breweries PLC

The Board ensures that the long-term sustainability of the organisation is assured and demonstrated through the senior management's decisions on the operational aspects of the business. The Board holds the management to account for corporate sustainability performance as a fiduciary responsibility to stakeholders. The Board makes decisions, reviews and approves the strategy of the Company in relation to sustainability. The Board ensures that the business has in place ESG frameworks, and sustainability matters are incorporated into purpose, governance, strategy, decision-making, risk management, and accountability reporting. The Board also has oversight on execution of the ESG strategy. [...] The Board Corporate Governance (BCG) Committee has ESG as a standing agenda as sustainability is one of the key pillars of good corporate governance. The BCG Committee makes decisions, reviews, and approves the strategy of the Company in relation to sustainability. The Board Nominations and Remuneration Committee (BNRC) incorporates ESG priorities into compensation and incentives. The Board Investment Committee (BIC) considers ESG-related financing and investment decisions.

Our Chief Executive, Jane Karuku, is ultimately accountable for overall performance against ESG goals and targets, while responsibility for the component parts of Society 2030: Spirit of Progress is shared between members of our Executive Committee. In this way, Society 2030: Spirit of Progress is embedded across the whole organisation, with senior executives being accountable for its delivery. To continue to improve our oversight of ESG, our Board receives updates on our ESG strategy and performance every quarter. [...] For EABL, senior management bonuses are directly linked to performance against Society our 2030 targets. While sustainability as a business function sits in our Corporate Relations Department, we are striving for strong sustainability principles, and reporting frameworks across the entire business. Building awareness and ownership around Society 2030 is a continuing priority for us, and as a result we can observe a positive correlation between the extent to which Society 2030 has affected the bonuses.