Mainfreight Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

Executive Management is responsible for ensuring the business is identifying, managing, and controlling climate-related risks alongside other risks. Risk mitigation strategies directed by the Board are implemented and monitored by management. The Group finance and Group sustainability teams reporting to the Chief Financial Officer support the practical implementation of climate-related risk mitigation strategies. The Group sustainability team is also responsible for preparing climate risk assessments provided to management and the Audit Committee. [...] The Board approves the Group Risk Management Process. It receives and reviews reports provided to it, by the Audit Committee. [...] The Audit Committee reviews all major risks and those escalated by management. The Committee ensures risks are being managed in accordance with the Group's Risk Management Process. [...] The Board has an established Audit Committee with responsibility for overseeing the framework of internal control mechanisms that ensure proper management of the Group's affairs including oversight of business risks. On an annual basis or as necessary, recommendations are then made by the Committee to the Board. [...] The Board delegates the conduct of the day-to-day affairs of the company to the Group Managing Director and Executive Management.

https://www.mainfreight.com/getmedia/ef663c93-de3f-47dc-8bdc-28904bf8f998/TCFD_V2_Aug-2023-Email.pdf?ext=.pdf