Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The One Planet strategy has central strategic oversight and sponsorship by the Group Executive Committee and day-to-day oversight by the Group Sustainability Management Committee (GSMC). Implementation is supported at a Group level through the six strategic initiatives and two strategic projects, which each have an Executive sponsor, an initiative lead, and a cross-business working group. The GSMC meets regularly to discuss the initiatives and support each other where required and in turn informs the Group Executive Committee on their progress. The Group Chief Executive is the overall Executive sponsor for the strategy.
Responsibility for implementing the strategy sits at a Business level, with the strategy embedded into the core Business strategies of Steam Specialties, Electric Thermal Solutions and Watson-Marlow. Each Business and Operating Company is responsible for implementing the One Planet strategy through their own Business strategy; ensuring that all colleagues have the opportunity to get involved; meeting and, where possible, exceeding minimum expectations; delivering timely and accurate data and collaborating to share learning across the Group.
The Board received an update at every Board meeting and the Group Executive Committee received monthly updates on progress during 2021, as well as holding quarterly Steering Committee meetings following the launch of the strategy, to receive reports on performance and review progress against the strategic initiatives and targets.
This combination of Board and Executive Committee oversight, ensures that the One Planet strategy is a key focus area for the Group.