Governance is important to Just as a business in all aspects and our transition is no exception. We are keen to ensure that the actions we take are having the desired effect on our emissions reduction but also doing no harm. Therefore, embedding sustainability across the business is key to good governance and supports enacting our strategy whilst providing assurance.
Just's Chief Risk Officer is the executive sponsor for sustainability and the business has in place a cross-functional team of sustainability professionals. The team work together on a regular basis but remain integrated in different areas of the business. This is to ensure sustainability considerations are embedded broadly across the business. The team make up the core elements of a weekly working group, which continues to progress our key strategic objectives. For 2022, this included enhancing the coverage for measuring our baseline emissions and planning our transition to Net Zero. The working group includes representation from the following areas: Strategy, Investments, Pricing and Underwriting predominantly covering LTMs, Capital Management, Prudential Compliance, Financial Risk and Financial Reporting.
The working group is governed by an executive steering committee, which is chaired by the Chief Risk Officer, with the Chief Financial Officer, the Group Capital Management and Investment Executive and the Chief Digital Information Officer as members as well as attendance from the Chief Investment Officer. Other executives are invited as appropriate. The Sustainability Strategy Manager and the Responsible Investment Lead engage with the steering committee each month to ensure appropriate oversight and implementation of sustainability initiatives across the Group. Second line oversight is provided by the Head of Investment Risk.
The Steering Committee raises sustainability issues to the Group Executive Committee (GEC) with the Group Risk and Compliance Committee (GRCC) overseeing matters in relation to climate risk, the Investment Committee (IC) providing oversight in relation to investments and the Group Board maintaining overall oversight of the Sustainability Strategy and disclosures.
Wider sustainability initiatives and decisions are regarded as strategic and therefore receive governance from the GEC or the appropriate committee. The key outcomes are tracked as part of the Group's strategic execution plan, which is approved by the Group Board and has its progress monitored by the GEC. Sustainability is considered as part of the wider environmental considerations when approving the Group's strategic direction. [...] The Group Board includes a Non-Executive Director who is sponsor for sustainability. The Group Board is responsible for ensuring sustainability including climate related risks and opportunities, environmental and social considerations and the implementation of appropriate levels of governance, are discussed and challenged in conjunction with other issues raised at the Group Board and other relevant entity Boards. The Board sponsor for sustainability interacts with the Chief Risk Officer, when appropriate and with the Sustainability Strategy Manager and the Responsible Investment Lead on a quarterly basis.