Targets & Action Plan
In 2024, our Board of Directors approved our comprehensive ESG Strategy in response to climate risks and stakeholder expectations, recognizing the impact of ESG on our business. The launch of our ESG Strategy represents a crucial advancement in our dedication to embedding sustainable practices across all facets of our operations. This ensures our alignment with the highest standards of environmental stewardship, social responsibility, and solid governance. Our ESG Strategy has been formulated in response to global sustainability and robust governance megatrends and risks. Our Key Enablers: Leadership Commitment Strategic Partnerships Technological Innovations Digitization of ESG Sustainability Culture Robust Governance Resource Availability and Expertise Stakeholder Engagement Incentivization of ESG Performance Transparency and Communication.
Our approach was based on conducting a baseline review of our ESG performance against a number of widely adopted frameworks and standards, collecting perspectives from internal and external stakeholders, identifying key focus areas through a double materiality assessment, quantifying the company’s ESG maturity based on benchmarking against peers, standards and frameworks and formulating key ESG initiatives to close our gaps towards best practice. We have refreshed our decarbonization strategy in 2024 with GHG Emissions targets for the group and identified levers to achieve short term, medium-term and long-term targets considering different business case growth scenario. We aim to achieve our ESG Strategy & Decarbonization Strategy targets with collective efforts of the ESG & Sustainability Center of Excellence, Internal & External stakeholders and Employees.