Montana Aerospace has a global ESG team. Within the management board, Group HRO Vicky Welvaert is responsible for this diverse team. Alongside Director ESG, Thomas Schwella, it consists of four additional members with fixed assigned responsibilities. This team centrally manages the process of data collection and reporting in line with regulatory requirements. Subsequently, this ESG team also sets the objectives and targets for the divisions. Each individual division also has its own ESG team. From there, local initiatives are initiated and managed, and they are presented to management and the central ESG team during monthly business review meetings. Exchange between the central ESG team and the responsible board member occurs at least weekly, or more frequently as needed. In the fiscal year 2023, the board of directors decided to establish an ESG Committee within this supervisory body. This committee will commence its work in 2024. This will ensure that sustainability is represented both organizationally and substantively in both the management board and the supervisory board. [...] Purpose of the ESG committee: • Referring any material ESG matters to the board for decision or resolution [...] Focus points: • Controlling & monitoring of regulatory frameworks • Strategy & target setting • Risk & impact assessment (inside out & outside in) [...] - Evaluation of stakeholder requirements - Evaluation of statements made to date to customers, regulatory authorities, or other stakeholders to achieve certain standards - Determination of immediate need for action - Reporting obligations and other challenges for the board of directors - Reports on monitoring and updating the current and changing ESG regulations