Corporate Governance and Sustainability Development Committee
GGC has established the Corporate Governance and Sustainable Development Committee, comprising at least three members of the Board of Directors, of which at least one must be an Independent Director. The Chairperson of the Committee must be an Independent Director. Each term of office is three years. The Committee’s primary responsibilities are to propose policies and guidelines related to business ethics and the Business Code of Conduct in accordance with Corporate Governance principles, as well as to plan and oversee sustainable development. The Committee operates at the policy level. Committee members are presented in the table below.
Corporate Governance and Sustainable Development Committee, BOD CG&SD
| Composition |
Roles and Responsibilities |
- An Independent Director – Chairperson
- At least one Independent Director – Member
|
- Define approaches and propose policies and practices related to business ethics and the Business Code of Conduct, including anti-corruption policies and measures, in line with Corporate Governance principles, to the Board of Directors and Management.
- Oversee approaches related to greenhouse gas emission reduction toward Net Zero targets (Decarbonization Roadmap), as well as other sustainability strategies.
- Propose and review policies and practices related to responsibility toward Stakeholders, and provide oversight, guidance, progress monitoring, and effectiveness assessment of Corporate Governance implementation.
- Promote integrated management by supporting resources, Corporate Governance, Risk Management, and internal control, as well as oversight of operations to enhance engagement with internal and external parties, including the GC Group.
|
Sustainability Development Committee, SDC
GGC has established the Sustainability Development Committee, consisting of four members, to function as both a committee and a working team responsible for directing sustainability operations and strategies in alignment with the Sustainable Development Goals (SDGs) and GGC’s business strategy. The SDC operates under the Corporate Governance and Sustainable Development Committee, with the following roles and responsibilities.
| Composition |
Roles and Responsibilities |
- Managing Director – Chairperson
- Deputy Managing Director, Operational Excellence (C-Suite)
- Deputy Managing Director, Commercial Excellence (C-Suite)
- Sustainability Management Manager (Chief Sustainability Officer) – Secretary
- All relevant Department Managers Quality, Safety and Occupational Health Manager
- Corporate Communications and Social Enterprise Manager – Members
|
- Define and review sustainability policies, operational approaches, and targets, and serve as a sustainability role model at national and international levels.
- Oversee, monitor, and review sustainability implementation, driving practical execution and engagement with internal and external organizations, including the GC Group.
- Monitor and assess performance against ESG policies and commitments.
- Assess and manage environmental and social risks, opportunities, and impacts.
- Analyze scenarios and plan for climate transition.
- Manage engagement in public policies related to environmental and social issues.
- Develop business strategies aligned with sustainability goals.
- Oversee mergers, acquisitions, and divestments in relation to ESG considerations.
- Manage ESG budgets, including capital expenditure and operating expenditure.
- Define compensation and incentives linked to ESG performance.
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