Auckland International Airport Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

The Board has delegated risk oversight and monitoring (including in relation to climate change) to the Safety and Operational Risk Committee (SORC) which currently comprises four Board Directors. The SORC is responsible for assisting the Board in discharging its responsibilities in relation to risks, and oversees, reports and makes recommendations to the Board on the safety, environmental (including climate change) and operational risk profile of the business. The SORC receives a quarterly report from management on whole-of-company risks and controls, including the physical and transitional impact of climate change on the business. [...] Management has developed an enterprise risk management framework, designed to promote a culture which ensures a proactive and consistent approach to identifying, mitigating and managing risk on a companywide basis. Our Chief Executive oversees the risk framework and reporting to the SORC, including climate-related risks, and the Chief of each business unit is responsible for assessing and monitoring the risks specific to their business unit. [...] The Sustainability team oversees the implementation of the sustainability programme including material climate change initiatives and controls. This includes ongoing monitoring of climate change modelling and research, and the advancement of our ongoing climate change disclosures.

https://prod-slot.corporate.aucklandairport.co.nz/-/media/Files/Corporate/Annual-Report-2023/AIAL192-Climate-Disclosure---Spread-for-Website.ashx

The Board has delegated risk oversight and monitoring (including in relation to climate change) to the Safety and Operational Risk Committee (SORC) which currently comprises four Board Directors. The SORC is responsible for assisting the Board in discharging its responsibilities in relation to risks, and oversees, reports and makes recommendations to the Board on the safety, environmental (including climate change) and operational risk profile of the business. The SORC receives a quarterly report from management on whole-of-company risks and controls, including the physical and transitional impact of climate change on the business. [...] Management has developed an enterprise risk management framework, designed to promote a culture which ensures a proactive and consistent approach to identifying, mitigating and managing risk on a companywide basis. Our Chief Executive oversees the risk framework and reporting to the SORC, including climate-related risks, and the Chief of each business unit is responsible for assessing and monitoring the risks specific to their business unit. The Sustainability team oversees the implementation of the sustainability programme including material climate change initiatives and controls. This includes ongoing monitoring of climate change modelling and research, and the advancement of our ongoing climate change disclosures.

https://corporate.aucklandairport.co.nz/-/media/Files/Corporate/Annual-Report-2023/AIAL192-Climate-Disclosure---Spread-for-Website.ashx