To reinforce our commitment to responsible practices, the Board and Senior Management have positioned sustainability as a key enabler of the Group’s strategy, ensuring clear alignment with long-term value creation.
In crafting sustainability strategies and priorities, the Board maintains keen oversight on all matters identified as material across the Environmental, Social and Governance spectrum.
To effectively discharge its duties, the Board is supported by various committees within our sustainability governance structure, namely the Board Governance & Risk Committee ("BGRC"), the Sustainability Management Committee ("SMC") and the Sustainability Working Group ("SWG"). These committees feature distinct subgroups overseeing ESG matters, with the SMC oversee Economic strategies and performance.
Velesto’s President serves as the Chairman of the SMC, enabling direct guidance to Senior Management leaders in effectively operationalising the Group's sustainability strategy.
For more details on the Board's roles and responsibilities, composition, independence, and performance.
Collaborates closely with the Sustainability Management Committee to formulate an integrated approach for efficient risk management, encompassing the identification, assessment and management of material ESG matters, including ESG and climate-related risks and opportunities
Ensures the progressive inclusion of potential impacts of ESG matters within the Group’s risk matrix and risk register
Chaired by the Group’s President and Vice President of Corporate Services as Co-chair/ Secretary
The Group’s Senior Management Team
Functions
Ensures alignment of sustainability strategies with the Group’s vision and mission
Reviews and recommends the Sustainability Statement to the Board
Evaluates and recommends sustainability strategies, policies and other related matters, including management systems, performance monitoring, policies, commitments and regulations
Actively monitors stakeholders’ expectations on Velesto’s ESG activities through effective communication strategies
