###### SUSTAINABILITY GOVERNANCE
Integrating sustainability at the highest governance level in LBGB enables strategic oversight of ESG matters for long-term value creation. The Board of LBGB, alongside senior management, bears direct responsibility for vigilantly monitoring significant ESG matters, prominently including climate change and its associated risks and opportunities.
Quarterly reviews convened during Board meetings serve as pivotal mediums fostering comprehensive discussions and informed decision-making processes. Through these reviews, risks and opportunities are thoroughly assessed, encompassing considerations for both financial and non-financial value creation across short, medium, and long-term horizons. This structured approach ensures a holistic perspective on sustainability, safeguarding the Group's interests and bolstering its resilience amidst evolving ESG landscapes.
SUSTAINABILITY GOVERNANCE FRAMEWORK
Within LBGB's Sustainability Governance framework, the Group's sustainability strategies are implemented, guided by a comprehensive approach ensuring integration across all operations and business units.
Sustainability Governance Framework
BOARD-LEVEL COMMITTEE
SUSTAINABILITY COMMITTEE
BOARD OF DIRECTORS
The Board Sustainability Committee ("BSC") supports the Board in overseeing the sustainability strategy, encompassing EESG aspects, [...] The Sustainability Team, led by Heads of Department ("HODs") from diverse functions, promotes the integration of sustainability considerations into all aspects of Group operations and decision-making processes. To strengthen the Group's commitment to sustainability, KPIs are established with the active involvement of employees and senior executives, directly linking their performance to the attainment of ESG targets. This effort aligns with sustainability reporting frameworks and includes strategic measures aimed at incentivising and rewarding the achievement of annual ESG performance targets. The strategic KPIs and targets pertaining to all significant ESG matters are detailed in the Our Sustainability Targets section.