Separate Ethics and Compliance Committee is tasked with safeguarding an impartial and competent assessment of internally and externally submitted misconduct reports alleging a potential violation of laws, the Code of Conduct or the company's policies. The Compliance Committee reports periodically to the Audit Committee. The members of the Ethics and Compliance Committee have expertise in the areas of legal compliance, business ethics, conducting investigations and human resources leadership. [...] Governance information [...] ESRS G1 G1-5 Political influence and lobbying activities 157 [...] Governance information [...] The Audit Committee complies with Kemira's sustainability reporting in all meetings. The main sustainability topics discussed by the Audit Committee and prepared by Kemira's management in 2023 and 2024: - Sustainability reporting developments related to EU taxonomy and the implementation of the Corporate Sustainability Reporting Directive (CSRD) - The Corporate Sustainability Reporting Directive and the European Sustainability Reporting Standard implementation plan, including a timeline, gap analysis and roles and responsibilities - The Financial Supervisory Authority's inquiry on sustainability reporting implementation - The progress of the materiality assessment process and results, material impacts, risks and opportunities - Risk related to the implementation of new sustainability reporting practices - A validation review of the Science Based Target initiative - The Sustainability Statement 2024 draft [...] Integration of sustainability-related performance in incentive schemes To ensure that sustainability transformation remains a high priority and drives profitable growth, Kemira has integrated key sustainability priorities into its incentive programs. Kemira provides performance-driven remuneration packages. Key sustainability priorities are reflected in the Group's incentive programs and are aligned with Kemira's sustainable and profitable growth strategy. Kemira has both long- and short-term incentive plans, with the long-term incentive plans targeted for selected individuals of senior management. Safety, with a 5% weight, has been a key performance indicator of the short-term incentive plan for several years and the short-term incentive program for 2024 includes a new target for strategic revenue growth. The aim of the long-term incentive plan is to align the objectives of the shareholders and the persons participating in the plan, to increase the value of Kemira, to commit the participants to Kemira and to offer them a competitive reward plan. In addition to financial targets, sustainability targets are incorporated in the two latest performance periods (2023–2025 and 2024–2026) of the long-term incentive program. Revenue Growth of Renewable Solutions and the climate target for Scope 1 and 2 have been included in the long-term incentive plan since the beginning of 2023, both with a weight of 10%. The climate target reflects Kemira's commitment to annual reduction rate, in line with the Science Based Targets Initiative (SBTi) commitment.The Board of Directors defines and approves the main principles for the incentive schemes within Kemira, its values, sustainability targets and the Code of Conduct. More details on remuneration can be found in Kemira's Remuneration Report."
"Kemira's engagement in the EU law making process is conducted by its Public Affairs department, managed by the Corporate Communications Department, and supervised by Kemira's Management Board. Members of the Management Board determine and oversee the strategic direction of Kemira's public affairs objectives and act like a supervisory and approval body.