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ESG governance

An overview of our governance structure and responsibilities.

Governance

Our ESG commitments are underpinned and supported by a strong and robust governance structure.

In October 2020, we established an Environmental, Social and Governance (ESG) Committee comprising members of our board and senior leadership team.

The committee is responsible, on behalf of the board, for overseeing the development of the group’s ESG strategy and governance structure, and the establishment of related goals and policies.

The committee is supported by an ESG Steering Group and an ESG Working Group, both of which implement the strategy and facilitate the delivery of ESG initiatives across the business.

The ESG Committee

The main purpose of the committee is to represent the board in defining the company’s strategy relating to ESG matters and to review the practices and initiatives of the company relating to ESG matters, while ensuring they remain effective and up to date. The ESG committee is chaired by a senior independent non-executive director every quarter. Established in October 2020, the ESG Committee is primarily responsible for:

The ESG Committee Terms of Reference

Oversight

Overseeing the development of the group’s ESG strategy and governance structures and associated goals and policies.

Reporting

Ensuring that management establish appropriate ESG KPIs and related targets, and for overseeing their ongoing performance measurement and reporting.

Monitoring

Monitoring ESG trends and related standards and legislative requirements and how those are likely to impact on the group’s strategy and financial performance.

Transparency

Making sure that the Group is transparent in its reporting of ESG matters to all its key constituents and that an ESG awareness is promoted throughout the organisation.

Governance

Our ESG Committee is chaired by Martin Lea, one of our independent non-executive directors.

The ESG Steering Group

The ESG Steering Group consists of senior leadership team members who are responsible for implementing the ESG strategy and related policies. The group is chaired by the group operations director. The ESG Steering Group reports to the ESG Committee and has the following responsibilities:

Implementation

Implement the recommendations of the ESG Committee and the senior leadership team regarding ESG.

Perspectives

Build an external perspective by exploring investor preferences, disclosure levels of other relevant companies, customer standards, and employee and prospective employee perspectives.

Alignment

Ensure group ESG policies are proportionate with Gamma’s business priorities and cultural dynamics.

Culture

Nurture a positive culture of transparency and adoption towards ESG matters.

Targets

Propose & agree targets and related planning.

Disclosure

Ensure Gamma can fulfil mandatory and desired levels of disclosure.

Approval

Agree matters for approval / sponsorship by the ESG Committee and Gamma senior leadership team.

Monitor

Monitor ESG related risks and market opportunities and agree associated planning.

The ESG Working Group

The ESG Working Group has been established to develop and support the activities relating to the environment, social and governance programme across the UK and Europe. The ESG Working Group typically meets monthly and its terms of reference are as follows:

Structure

The ESG Working Group carries out the specific work of ESG management under the guidance of the ESG Committee and the ESG Steering Group.

Cross-Functional

The ESG Working Group is a cross-functional group representing Finance, Procurement, Facilities, Gamma People, Operations, Products & Marketing, with members from our businesses in the UK and Europe.

Objectives

The ESG Working Group helps to formulate and implement specific ESG work plans based on agreed ESG objectives.

Delivery

The representatives on the working group help to shape activity from their area of expertise and contribute to the delivery of the wider ESG plan.

Best Practice

The members of the ESG Working Group take ESG best practice back into their functional areas with the aim of embedding awareness into everyday business activity.