Our ESG Steering Committee is chaired by our Chief Executive. Other members are the Finance Director and six members of our senior management from the Human Resources and Administration, Portfolio Management, Projects, Public Affairs and Technical Services and Sustainable Development Departments. In 2022, an Independent Non-Executive Director of the Company joined the ESG Steering Committee; this person is also the Chair of our Audit Committee. The Chair of the ESG Steering Committee reports relevant SD matters, including climate-related issues, to the Board five times a year. [...] The ESG Steering Committee meets at least quarterly and, in accordance with its terms of reference, has the following overall responsibilities related to climate change: * Formulate and review the Company's SD 2030 Strategy and climate strategy, including approving targets or key initiatives related to climate change mitigation, adaptation and building climate resilience. * Review any significant risks, opportunities and investments regarding climate change, energy/carbon management and low-carbon transition. * Review on an annual basis the performance of the Company in achieving our energy/carbon intensity reduction targets, including progress towards achieving our science-based targets, and other climate change- and energy-related KPIs. * Review and approve internal carbon pricing ("ICP") funded projects to assess the potential impacts of carbon emissions on our investments, quantify carbon risks to our business operations, and allocate capital more effectively towards low-carbon and energy efficient investments and opportunities. * Oversee the overall ICP mechanism and project approvals, and monitor the performance of approved projects. [...] The Board provides oversight of our risk management framework and SD risks, including climate-related risks. Our SD agenda and the progress of our SD 2030 Strategy are reported at least quarterly by the ESG Steering Committee and discussed at board meetings. We also conduct regular risk identification and analysis and review management processes throughout the year through the Audit Committee and our ERM system. This includes our Corporate Risk Register in which climate change has been identified as an emerging risk.