Zero Emission: Climate Governance & Risk Management

SD Guthrie’s climate governance covers the Board’s oversight of climate-related risks and opportunities, and the role of Management in assessing these risks and opportunities.

Climate-related roles and responsibilities

The Board

• The Board is responsible for the oversight of climate-related risks and is aware of the potential impacts, risks and opportunities from climate change on SD Guthrie’s operations. The Board includes climate-related considerations in the Company’s governance and risk management
• The Board provides strategic oversight of the company’s sustainability initiatives, including climate-related initiatives

Management

• The Management monitors climate-related risks and opportunities and manages the Company’s risk management strategy including climate-related strategies
• The Group Managing Director is accountable for monitoring sustainability-related matters for the entire Group, including climate-related risks and opportunities
• The Chief Sustainability Officer, is responsible for quarterly reporting on updates, progress, and critical concerns to the Board Sustainability Committee, including climate-related matters
• The Management ensures the implementation of sustainability initiatives, including climate-related initiatives. A sustainability team, including the Climate Change Unit, drives operational execution of our sustainability and climate strategy. The team works together with Renewable Energy, Supply Chain and Conservation and Biodiversity teams on the implementation of renewable energy and land use transformation projects. 

SD Guthrie has implemented a proactive and ongoing process to identify, evaluate, and manage significant climate-related risks and opportunities. They are fully integrated in Guthrie’s Group Risk Management Framework and are managed with the same rigour as other risks.

Identification of Climate-related Risks

• Climate-related risks are identified through risk identification, risk assessment, and risk mitigation, supported by continuous monitoring.
• Significant risks are escalated to the Risk Management Committee and the Board.
• The Board and relevant committees meet at least four times annually to review strategic business matters, including climate-related issues.

Managing Climate-related Risks

• The Risk Management Committee and Sustainability Committee actively monitor and manage sustainability and climate risks, assessing their anticipated or actual impact on operations.
• These committees oversee the implementation of mitigation actions for identified sustainability and climate risks.
• The Group’s Risk Management Framework guides climate risk identification, analysis, evaluation, treatment, reporting, communication, monitoring, and review.

Integration of Climate Risk

• Climate-related risks are integrated into Guthrie’s Risk Management Framework, ensuring structured oversight and comprehensive risk mitigation.