#### Executive management
Communicates the
climate-related strategy,
policies and standards to
the Corporate
Responsibility Committee
– The Board has overall responsibility for oversight of the
management of climate-related risks and opportunities, which it
exercises through the Corporate Responsibility (CR) Committee and
the Audit Committee
– The Corporate Responsibility Committee meets at least three times
a year and comprises all the Non-Executive Directors of the Board,
together with the Chair of the Board, Group Chief Executive Officer
(CEO) and Group Chief Financial Officer (CFO). It receives reports at
every meeting from the Group Chief Commercial Officer (CCO), the
Global Director of Sustainability and other senior managers to
ensure that progress is being made towards meeting the Group's
specific CR KPIs and ongoing CR commitments, including
greenhouse gas (GHG) emissions and food waste reduction targets
– The Audit Committee meets at least three times a year and
comprises all the independent Non-Executive Directors of the Board.
In line with the governance process used for financial management,
it considers the potential impact of climate change on the financial
statements, including the output of the Group's scenario analysis, the
costs to achieve the Group's climate net zero commitments, and their
impact on the financial statements and related disclosures
– Executive sponsorship is shared jointly between the Group CEO and
Group CCO, who have the highest management-level responsibility
to form, review and communicate the Company's climate-related
global strategy, policies and standards. This includes setting and
reviewing progress towards targeted KPIs, assessing climate-related
risks and managing and monitoring associated opportunities
– They are supported at an operational level by the Global Director of
Sustainability, who leads the Group Sustainability function. This
function provides support to the Group's regions and countries to
ensure sustainability strategies are implemented and climaterelated risks and corresponding controls and mitigations are
reviewed on an ongoing basis
– At Executive Committee level, the Regional Managing Directors
(RMDs) are responsible for managing climate-related risks and
opportunities for their respective regions. At a country level, the
country Managing Directors are responsible for managing
climate-related risks and opportunities in their respective countries