Grafton Group PLC

Given the strategic importance of sustainability to our businesses, we established an Executive Sustainability Committee chaired by me and whose membership includes the Group CFO, Group Head of Sustainability and the CEOs of our largest businesses. The purpose of the Committee is to develop and implement the Group's sustainability strategy subject to approval and ultimate oversight by the Board. It will also ensure that sustainability considerations are appropriately embedded into the wider business strategy and commercial decision-making process."
"Climate change governance follows the sustainability governance process set out on page 109. The Board has ultimate strategic responsibility and delegates day to day delivery and oversight to the CEO and Executive Sustainability Committee. Climate change risks and opportunities are captured as part of the corporate risk register and discussed at the Group Risk Committee. GHG emissions reduction targets are included in the remuneration framework for senior leaders and in the banking targets that Grafton's lenders hold us to account on.

Climate change governance follows the sustainability governance process set out on page 109. The Board has ultimate strategic responsibility and delegates day to day delivery and oversight to the CEO and Executive Sustainability Committee. Climate change risks and opportunities are captured as part of the corporate risk register and discussed at the Group Risk Committee. [...] GHG emissions reduction targets are included in the remuneration framework for senior leaders and in the banking targets that Grafton's lenders hold us to account on.

The Audit and Risk Committee is responsible for overseeing and monitoring the Group's risk management systems and the steps taken to mitigate key risks, including sustainability and climate change. [...] The Executive Sustainability Committee ('ESC') was established in 2023 to develop and implement the Group's sustainability strategy subject to approval and ultimate oversight by the Board. Its role is to ensure that sustainability considerations are appropriately embedded into the wider business strategy and commercial decision-making process, and that sustainability opportunities and risks have been identified and that measures are scheduled to capitalise on opportunities and mitigate risks. [...] The ESC comprises the Group CEO, Group CFO and Group Head of Sustainability as well as Business Unit leadership. It met three times in 2024. [...] Sustainability and climate risks and opportunities are assessed and reviewed by the Group Risk Committee (GRC) which is described in further detail on page 44. The GRC evaluates each of the Group's material risks, including sustainability and climate change, to confirm that the risk is appropriately described and prioritised, and that the current mitigating controls and actions are sufficient to manage the risk within the Group's appetite. [...] The Sustainability Working Group is led by the Group's Head of Sustainability and includes functional heads with expertise in property, people, environment and ethics. The Working Group is responsible for facilitating actions to help the Group and individual businesses implement the sustainability strategy, and respond to the identified climate risks and opportunities. [...] The Group Sustainability Strategy and climate programme is being implemented by the individual business units. The CEOs of those businesses are responsible for implementing and managing their own sustainability and climate change programme which is consistent with the Group's overall strategy. Each business has formed its own sustainability committee or working group to monitor and manage its sustainability actions.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Group's sustainability strategy is aligned with eight of the UN sustainable development goals. This strategy is implemented across all Group businesses. We work with our industry/trade bodies to directly and positively influence policy, law, or regulation that may impact the climate and our participation in this is consistent with our sustainability strategy.