The board is responsible for our strategy, including our commitment to delivering shareholder value and progressing our environment, social and governance (ESG) objectives. The board believes it, and its committees, have the necessary experience and independence to oversee the company's management and are also sufficiently agile to plan for and respond to external changes. Our board committees review matters and provide recommendations on the management of Nufarm's impacts on the economy, environment, and people. They each support the board, by providing oversight of the following functions: Sustainability and environment committee To assist the board in relation to sustainability and environment related performance, risks and reporting, including compliance with related laws, regulation and policies, sustainability and environmental related risks (including climate change), human rights and the annual sustainability, modern slavery and environmental reporting program. [...] Board oversight Our board is responsible for our strategy and approves Nufarm's sustainability report and our climate change policy, which includes our commitment to addressing climate change. The board is also responsible for Nufarm's overall climate change approach. Our newly established board sustainability and environment committee (formed on 1 July 2023) is responsible for: - overseeing material environmental and sustainability risks and opportunities, including climate-related risks - reviewing and advising on climate objectives and declarations - monitoring Nufarm's strategic progress towards its sustainability and environment goals. During FY23, and prior to the creation of the board sustainability and environment committee, oversight of climate-related risk was tasked to the board risk and compliance committee. In FY23, the risk and compliance committee received four reports on Nufarm's activities to progress towards its 2030 carbon reduction target. More detail on board oversight and committee responsibilities is in our FY23 annual report and the corporate governance section of our website. [...] Management's role The executive risk and compliance committee has oversight of climate-related risks. It convenes three to four times annually to (among other things):: - guide and endorse the risk management framework - oversee internal compliance and control systems, including those encompassing climate-related risks - review reports from Nufarm's Group ESG manager on progress towards the 2030 carbon reduction target and updates on climate-related reporting frameworks.