The Finance, Risk and Audit Committee (FRAC) oversees the process and is closely monitoring the risks on a quarterly basis. The Board of Directors receives regular risk updates from FRAC which are taken into consideration in the Board's overall strategic considerations and decisions. [...] All risks have assigned risk owners, normally at the executive level, and assigned risk-responsible employees who monitors and mitigates the risks closely. [...] Oversight of sustainability reporting is placed with our Finance Risk and Audit Committee (FRAC), while oversight of sustainability strategy is placed with the Board of Directors, which is reflected in their respective terms of reference. [...] We have incorporated sustainability as a recurring item on the agenda for all Finance Risk and Audit Committee (FRAC) meetings. Depending on the need and the sustainability reporting cycle, various topics are presented by the ESG Finance and Corporate Sustainability departments to inform and/ or request a decision from the committee on the following topics: - Sustainability reporting, including progress, controls and risks - Methodology and outcome of the double materiality assessment and material IROs [...] The Chief Financial Officer and Chief People & Sustainability Officer are present at the FRAC meetings together with supporting staff when deemed relevant. The Board of Directors and FRAC meet when deemed necessary, at least four times a year each, respectively. In 2024, FRAC held an extraordinary meeting where the sole focus was on implementation of CSRD reporting and the outcome of the 2024 double materiality assessment.