Climate Lobbying Index

AI Extracted Evidence Snippet	Source
###### 2. Governance (continued) 2.1 Board oversight of climate risks and opportunities The Scales Board has responsibility for approving strategy and overseeing and responding to climate- related risks and opportunities. The Board approves strategy, sets metrics and targets, approves the annual CRD and delegates the duties below to two Board Committees: • The Health & Safety and Sustainability Committee (HSSC) has been delegated the responsibility for reviewing climate-related strategy, including associated metrics and targets, monitoring performance against these targets and making recommendations to the Board. The HSSC is also involved in the review of CRD processes, including review of Scales' Emissions Inventory, and Scales' climate-related risks and opportunities. The HSSC reviewed Sustainability progress five times in 2024 and will annually review performance against Scales' climate- related targets once these are set in 2025 • The Audit and Risk Management Committee (ARMC) has been delegated the responsibility to provide oversight of the annual CRD process and to recommend Scales' CRD for Board approval. The ARMC is responsible for managing and monitoring climate and non-climate risks, and ensuring climate risks are integrated into Scales' ERM process. The ARMC monitors risks and progress against any key actions quarterly. The ARMC formally reviews the risk register which includes climate-related risks at least annually. Additionally, where there are changes to the risk register, this is reported by management via internal audit reports to the ARMC. In 2024, sustainability and/or CRD were agenda topics three times in internal audit reports. Scales Corporation Limited, Climate-Related Disclosures Report 2024 ###### In 2024, as the full Board continues to understand and upskill on the Climate Reporting requirements, the Sustainability papers were part of the full Board agenda and ARMC meetings were convened during the full Board meeting meaning all directors were present. The Board delegates responsibility for implementing Scales' strategy (which includes climate responses), preparing the annual CRD report and managing Group risks to Scales' Management. Management personnel with key responsibility for climate-related activities are the Chief Risk Officer and the Group Sustainability Manager. Management is given appropriate guidelines and held accountable through: • Risk Management Policy • Emissions Inventory Policy • Sustainability Policy In 2024, the Group Sustainability Manager, Chief Operations Officer and latterly Chief Risk Officer updated the Board in relation to CRD matters at 5 of 8 board meetings. In 2024 the Board reviewed content relevant to this disclosure and has received advice from external advisers on Scales' risks and opportunities and on the CRD framework. Figure 1 outlines the flow of information and the governance roles for climate-related activities.	https://scalescorporation.co.nz/wp-content/uploads/2025/04/2024-Climate-Related-Disclosures-Report.pdf
###### 2.1 Board oversight of climate risks and opportunities Scales has considered climate risk within its Enterprise Risk Management (ERM) framework for the last five years, and we are in the process of formally embedding climate risk into our strategic framework. The Scales Board has responsibility for approving strategy and overseeing and responding to climate-related risks and opportunities. The Board approves strategy, sets metrics and targets, approves the annual CRD and delegates the duties below to two Board Committees: • The Health & Safety and Sustainability Committee (HSSC) has been delegated the responsibility for reviewing climate-related strategy, including associated metrics and targets, monitoring performance against these targets and making recommendations to the Board. The HSSC is also involved in the review of CRD processes, including review of Scales' Emissions Inventory, and Scales' climate-related risks and opportunities. The HSSC meets at least quarterly to discuss sustainability initiatives and will annually review performance against Scales' climate- related targets once these are set. • The Audit and Risk Management Committee (ARMC) has been delegated the responsibility to provide oversight of the annual CRD process and recommend Scales' CRD for Board approval. The ARMC is responsible for managing and monitoring climate and non-climate risks, and ensuring they are integrated into Scales' ERM framework. The ARMC monitors risks and progress against any key actions at least quarterly. The ARMC formally reviews the risk register which includes climate-related risks periodically. ###### The Board delegates responsibility for implementing Scales' strategy (which includes climate responses), preparing the annual CRD report and managing Group risks to Scales' Management. Management personnel with key responsibility for climate-related activities are the Chief Operations Officer and the Group Sustainability Manager. Management is given appropriate guidelines and held accountable through: • Risk Management Policy; • Emissions Inventory Policy; • Sustainability Policy. In 2023, the Board was periodically briefed by the Group Sustainability Manager and Chief Operations Officer in relation to CRD matters. In 2023 the Board reviewed content relevant to this disclosure, and has received advice from external advisers on Scales' risks and opportunities and on the CRD framework.	https://scalescorporation.co.nz/wp-content/uploads/2024/04/2023-Climate-related-Disclosures-Report-2.pdf

AI Extracted Evidence Snippet

Source

###### 2. Governance (continued)

2.1 Board oversight of climate risks and opportunities

The Scales Board has responsibility for approving strategy and overseeing and responding to climate- related risks and opportunities. The Board approves strategy, sets metrics and targets, approves the annual CRD and delegates the duties below to two Board Committees:

• The Health & Safety and Sustainability Committee (HSSC) has been delegated the responsibility for reviewing climate-related strategy, including associated metrics and targets, monitoring performance against these targets and making recommendations to the Board. The HSSC is also involved in the review of CRD processes, including review of Scales' Emissions Inventory, and Scales' climate-related risks and opportunities. The HSSC reviewed Sustainability progress five times in 2024 and will annually review performance against Scales' climate- related targets once these are set in 2025

• The Audit and Risk Management Committee (ARMC) has been delegated the responsibility to provide oversight of the annual CRD process and to recommend Scales' CRD for Board approval. The ARMC is responsible for managing and monitoring climate and non-climate risks, and ensuring climate risks are integrated into Scales' ERM process. The ARMC monitors risks and progress against any key actions quarterly. The ARMC formally reviews the risk register which includes climate-related risks at least annually. Additionally, where there are changes to the risk register, this is reported by management via internal audit reports to the ARMC. In 2024, sustainability and/or CRD were agenda topics three times in internal audit reports.

Scales Corporation Limited, Climate-Related Disclosures Report 2024

###### In 2024, as the full Board continues to understand and upskill on the Climate Reporting requirements, the Sustainability papers were part of the full Board agenda and ARMC meetings were convened during the full Board meeting meaning all directors were present.

The Board delegates responsibility for implementing Scales' strategy (which includes climate responses), preparing the annual CRD report and managing Group risks to Scales' Management. Management personnel with key responsibility for climate-related activities are the Chief Risk Officer and the Group Sustainability Manager. Management is given appropriate guidelines and held accountable through:

• Risk Management Policy

• Emissions Inventory Policy

• Sustainability Policy

In 2024, the Group Sustainability Manager, Chief Operations Officer and latterly Chief Risk Officer updated the Board in relation to CRD matters at 5 of 8 board meetings. In 2024 the Board reviewed content relevant to this disclosure and has received advice from external advisers on Scales' risks and opportunities and on the CRD framework. Figure 1 outlines the flow of information and the governance roles for climate-related activities.

https://scalescorporation.co.nz/wp-content/uploads/2025/04/2024-Climate-Related-Disclosures-Report.pdf

###### 2.1 Board oversight of climate risks and opportunities

Scales has considered climate risk within its Enterprise Risk Management (ERM) framework for the last five years, and we are in the process of formally embedding climate risk into our strategic framework.

The Scales Board has responsibility for approving strategy and overseeing and responding to climate-related risks and opportunities. The Board approves strategy, sets metrics and targets, approves the annual CRD and delegates the duties below to two Board Committees:

• The Health & Safety and Sustainability Committee (HSSC) has been delegated the responsibility for reviewing climate-related strategy, including associated metrics and targets, monitoring performance against these targets and making recommendations to the Board. The HSSC is also involved in the review of CRD processes, including review of Scales' Emissions Inventory, and Scales' climate-related risks and opportunities. The HSSC meets at least quarterly to discuss sustainability initiatives and will annually review performance against Scales' climate- related targets once these are set.
• The Audit and Risk Management Committee (ARMC) has been delegated the responsibility to provide oversight of the annual CRD process and recommend Scales' CRD for Board approval. The ARMC is responsible for managing and monitoring climate and non-climate risks, and ensuring they are integrated into Scales' ERM framework. The ARMC monitors risks and progress against any key actions at least quarterly. The ARMC formally reviews the risk register which includes climate-related risks periodically.

###### The Board delegates responsibility for implementing Scales' strategy (which includes climate responses), preparing the annual CRD report and managing Group risks to Scales' Management. Management personnel with key responsibility for climate-related activities are the Chief Operations Officer and the Group Sustainability Manager. Management is given appropriate guidelines and held accountable through:

• Risk Management Policy;
• Emissions Inventory Policy;
• Sustainability Policy.

In 2023, the Board was periodically briefed by the Group Sustainability Manager and Chief Operations Officer in relation to CRD matters. In 2023 the Board reviewed content relevant to this disclosure, and has received advice from external advisers on Scales' risks and opportunities and on the CRD framework.

https://scalescorporation.co.nz/wp-content/uploads/2024/04/2023-Climate-related-Disclosures-Report-2.pdf

Scales Corp Ltd

Lobbying Governance