Ryanair Holdings PLC

Lobbying Governance

AI Extracted Evidence Snippet Source

The Board has ultimate oversight of our sustainability goals including climate-related issues and the Group's climate strategy. The Board and Audit Committee receive quarterly updates on climate-related risks and our performance from the Director of Sustainability. [...] The Sustainability Committee maintains an effective and continual dialogue with the Board and stakeholders (via the Director of Sustainability and Group CFO). The Committee is responsible for identifying, assessing and making recommendations for addressing climate-related risks and opportunities. [...] On a monthly basis, the Sustainability Committee, made up of senior management from Operations, Engineering, Finance, Legal and Ryanair Labs, meets to monitor our climate-related impacts and upcoming environmental legislation, fuel efficiency and energy performance. This committee identifies, assesses and makes recommendations for addressing climate-related risks and opportunities. The Director of Sustainability reports to the Board quarterly with respect to performance on climate-related issues.

https://corporate.ryanair.com/wp-content/uploads/2021/12/2021-Sustainability-Report_Spreads.pdf

External and internal stakeholders' views were considered when drafting this Policy and such views were shared as part of Ryanair's DMA. Insights were also gathered through other stakeholder fora, including the Group's annual Corporate Governance Forum, trade association engagement, legislator engagement and other forms of stakeholder engagement. [...] **Board & Audit Committee** Ryanair's Board has ultimate oversight and responsibility for Ryanair's climate transition plan, strategy in achieving sustainability goals and managing climate related risks and opportunities. Ryanair's Director of Sustainability & Finance and the Group CFO provide updates to the Ryanair Board and Audit Committee at least quarterly. [...] **Sustainability Committee** The Sustainability Committee is an Executive/Management level committee that meets regularly (typically monthly). It is chaired by the Director of Sustainability & Finance and is tasked with identifying, assessing and managing day-to-day climate-related risks and opportunities. It covers all airlines within the Ryanair Group and its members are drawn from all areas of the business, including senior managers from Operations (both Ground and Flight Operations), Engineering, Labs, Sustainability, Safety and Finance. [...] **Sustainability Team** Ryanair's Sustainability Team is responsible for the day-to-day management and delivery of Ryanair's sustainability strategy and targets. The team reports to the Group CFO with a dotted line to the Ryanair Board and Audit Committee. The Sustainability Team are key members of the Sustainability Committee and provide weekly and monthly emission intensity analysis to Ryanair leadership. The team is also responsible for procuring SAF blends in line with the targets set by the Ryanair Board and executive management team, ensuring compliance with carbon trading schemes, most notably, the EU & UK Emission Trading System and CORSIA. Finally, monitoring of emission savings from projects implemented by the Sustainability Committee is performed by the Sustainability Team with regular updates provided to the Committee.

https://corporate.ryanair.com/wp-content/uploads/2024/09/Environmental-Policy.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Ryanair has a Public Affairs team based permanently in Brussels. As part of its remit, the team engages with all relevant stakeholders in Brussels regarding the environment and sustainability. This team receives updates of the Group climate change strategy directly from the Sustainability team who receive direction from the Board

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023