Annual report and accounts 2023 - Flipbook - Page 48
A.G. BARR p.l.c. Annual Report and Accounts 2023
Responsibility report continued
We respect the environment continued
Strategy
Our Board has ultimate responsibility for agreeing
our business strategy, taking into account, and
reflecting where appropriate, the risks and opportunities
associated with climate change. As detailed above,
the Board’s strategic thinking and decision making is
supported and informed by our Executive teams and by
a number of Board sub-committees. As detailed in the
metrics and targets section that follows, our key climate
related objective, borne out of our strategy, relates to
our achievement of our science-based targets and our
ultimate net-zero commitment. Our associated road
map is set out on pages 40 and 41.
Our strategic timeframes are as follows:
• Short-term: 0 to 1 years
• Medium-term: 1 to 5 years
• Long-term: 5+ years
The opportunities, as well as physical and transition
risks considered material to our business, are detailed
on the following pages along with our strategic
responses. Our methodology for defining material
financial and strategic impacts on our business is
aligned with our risk management approach, detailed
in the Risk Management section that follows. Gross risk
impacts that fall in the categories of “moderate”, “major”
or “critical” would be deemed to be material.
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Our climate-related governance
Emerging Risks
& Opportunities Group
Barr Soft Drinks and
FUNKIN Executive Teams
Board
Group Risk Committee
Audit and Risk Committee
“No Time To Waste” Steering Group
ESG Committee
Capital Allocation Committee
Remuneration Committee
Nomination Committee
