A successful integration and effective management of sustainability requires a committed leadership and clear sustainability governance principles, underpinned by clear direction and decision-making processes.
Risk management
We manage Environmental, Social & Governance (ESG) criteria as a risk
The management approach to our material issues describes the business risks and opportunities related to our most important material issues. The identified ESG risks are incorporated in the company’s Enterprise Risk Management process, and assessed and monitored through the Audit and Risk Committee. From 2022 onwards, climate risks and opportunities will be reported following the recommendations of the Taskforce on Climate-related Financial Disclosure (TCFD).
Risk management
We manage Environmental, Social & Governance (ESG) criteria as a risk
The management approach to our material issues describes the business risks and opportunities related to our most important material issues. The identified ESG risks are incorporated in the company’s Enterprise Risk Management process, and assessed and monitored through the Audit and Risk Committee. From 2022 onwards, climate risks and opportunities will be reported following the recommendations of the Taskforce on Climate-related Financial Disclosure (TCFD).
Business practices
We anchor sustainability in our business practices and include ESG targets in executive remuneration and incentive plans
We are committed to make ESG criteria an integral part of our business practices. ESG criteria are taken into account when the business agenda is set and we will regularly inform our stakeholders of the progress we have made on our strategic plan. Increased attention will be paid to our environmental responsibility.
ESG targets are in included in de CEO remuneration plan and the long-term incentive plans of senior leaders. An ESG target has also been incorporated in our company-wide objectives in order to increase internal awareness and adoption of sustainability practices by the broader Telenet employee community.
Business practices
We anchor sustainability in our business practices and include ESG targets in executive remuneration and incentive plans
We are committed to make ESG criteria an integral part of our business practices. ESG criteria are taken into account when the business agenda is set and we will regularly inform our stakeholders of the progress we have made on our strategic plan. Increased attention will be paid to our environmental responsibility.
ESG targets are in included in de CEO remuneration plan and the long-term incentive plans of senior leaders. An ESG target has also been incorporated in our company-wide objectives in order to increase internal awareness and adoption of sustainability practices by the broader Telenet employee community.
Roles & responsibilities
We sharpen the roles and responsibilities of the sustainability governance bodies
The Board of Directors remains in charge of providing strategic direction on ESG-related topics and approving the annual non-financial reporting. The Audit and Risk Committee is responsible for monitoring and assessing sustainability-related risks related to the company’s material issues, including climate change. The Senior Leadership Team provides management guidance and monitors progress on the sustainability agenda. A dedicated Sustainability Expert team oversees the day-to-day operations and program implementation.
Roles & responsibilities
We sharpen the roles and responsibilities of the sustainability governance bodies
The Board of Directors remains in charge of providing strategic direction on ESG-related topics and approving the annual non-financial reporting. The Audit and Risk Committee is responsible for monitoring and assessing sustainability-related risks related to the company’s material issues, including climate change. The Senior Leadership Team provides management guidance and monitors progress on the sustainability agenda. A dedicated Sustainability Expert team oversees the day-to-day operations and program implementation.
Reporting
We disclose our sustainability performance through non-financial reporting and participation in third-party assessments
We continue to report on our sustainability performance annually and engage in an open and transparent dialogue with all our stakeholders.
We keep track of new sustainability reporting standards and will review the requirements of the new EU Corporate Sustainability Reporting Directive, with the ambition to evolve towards integrated financial and non-financial reporting.
In addition, we actively participate in external sustainability performance reviews and assessments, with focus on the Dow Jones Sustainability Index, CDP and the EcoVadis CSR Performance Scorecard.
Reporting
We disclose our sustainability performance through non-financial reporting and participation in third-party assessments
We continue to report on our sustainability performance annually and engage in an open and transparent dialogue with all our stakeholders.
We keep track of new sustainability reporting standards and will review the requirements of the new EU Corporate Sustainability Reporting Directive, with the ambition to evolve towards integrated financial and non-financial reporting.
In addition, we actively participate in external sustainability performance reviews and assessments, with focus on the Dow Jones Sustainability Index, CDP and the EcoVadis CSR Performance Scorecard.
