HIGHEST GOVERNANCE BODY’S ROLE IN RISK MANAGEMENT
These Standard Disclosures describe whether the highest governance body is accountable for risk management process and its overall efectiveness. The highest governance body’s and senior executives’
consideration of longer term and broader-reaching risk elements and their integration into strategic planning are important governance disclosures.
See references 74,106, 107, 108.
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G4-45
a. Report the highest governance body’s role in the identiication and management of economic, environmental and social impacts, risks, and opportunities. Include the highest governance body’s role in
the implementation of due diligence processes. b. Report whether stakeholder consultation is used to support the highest governance body’s identiication
and management of economic, environmental and social impacts, risks, and opportunities.
G4-46
a. Report the highest governance body’s role in reviewing the efectiveness of the organization’s risk management processes for economic, environmental and social topics.
G4-47
a. Report the frequency of the highest governance body’s review of economic, environmental and social impacts, risks, and opportunities.
HIGHEST GOVERNANCE BODY’S ROLE IN SUSTAINABILITY REPORTING
These Standard Disclosures show the extent of the highest governance body’s involvement in developing and approving the organization’s sustainability disclosures, and the degree by which it may be aligned with
processes around inancial reporting.
G4-48
a. Report the highest committee or position that formally reviews and approves the organization’s sustainability report and ensures that all material Aspects are covered.
SEE IMPLEMENTATION MANUAL
HIGHEST GOVERNANCE BODY’S ROLE IN EVALUATING ECONOMIC, ENVIRONMENTAL AND SOCIAL PERFORMANCE
These Standard Disclosures show how the highest governance body is involved in monitoring and reacting to the organization’s performance for economic, environmental and social topics. Economic, environmental
and social performance presents major risks and opportunities that the highest governance body ensures are monitored and addressed, where appropriate. These Standard Disclosures also address the organization’s
processes for communicating critical concerns to the highest governance body.
G4-49
a. Report the process for communicating critical concerns to the highest governance body.
G4-50
a. Report the nature and total number of critical concerns that were communicated to the highest governance body and the mechanisms used to address and resolve them.
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