This section illustrates the main responsibilities allocated in relation to sustainability, including climate- and nature-related matters.
Board oversight
Our Board oversees the long-term success of the Company, setting strategy, purpose and governance. It has direct oversight of sustainability, ensuring climate and nature considerations are embedded in decisions on budgeting, capital allocation and risk management. The Board approves all environmental targets and receives regular performance updates.
The Audit Committee supports the Board by reviewing the effectiveness of risk management and internal controls, including those related to climate and nature. It also reviews progress against sustainability targets and the Group risk register.
Management's role
We integrate climate and nature-related risk management across our business at Group, regional and local levels, supported by structured information flows and oversight. Our Management Board, led by the Chief Executive, is responsible for implementing the Group’s strategy and sustainability policies set by the Board. Each Management Board member is accountable for delivering climate, nature and broader sustainability targets within their remit, supported by cross-functional teams working with markets to drive progress.
Find out more on Sustainability Governance in our 2025 Combined Annual and Sustainability Report.
Integrating sustainability considerations into remuneration
In 2025, we introduced a climate-related performance metric into our Group Short-Term Incentive Plan. This metric—representing 10% of the incentive—links compensation for Executive Directors and eligible employees to reductions in Scope 1 and 2 GHG emissions from our 2020 baseline. Our Director of Operations, a Management Board member, oversees delivery of these climate targets, which are publicly communicated and tied to individual performance assessments. Achievement of environmental objectives, including emissions and energy-reduction goals, is a key factor in determining annual bonus eligibility.
For further details, refer to the Annual Statement on Remuneration on page 230 of our 2025 Combined Annual and Sustainability Report.
Governing our material impacts
To manage our material sustainability impacts we have set up topic-specific Centres of Excellence at the middle management level. These include Climate, Circularity, Nature, Communities, and Operations Reporting Centres of Excellence. In addition, individual business functions, such as Legal, Corporate and Regulatory Affairs, and HR manage material issues relevant to their areas.
Issues considered in these forums are raised, where appropriate, at Management Board level or with the Audit Committee or the Board.
More details can be found in the table below: