By KYIV. Nov 8 (Interfax-Ukraine) – The Board of Directors of the Kernel agro-industrial group has established a new Sustainability Committee, which will be responsible for setting priorities and implementing the company’s strategic activities in the areas of climate risks and opportunities, environmental protection, social and human capital development and sustainable development management.
As reported on the Kernel website, the committee consists of Kernel’s CEO Yevhen Osypov, independent director Mykhailo Mishov and non-executive director Dariia Danylchuk, who was elected as the chairwoman of the committee. The secretary is Marta Trofimova, Kernel’s sustainability manager.
The committee will perform the following tasks: overseeing the effectiveness of the corporate sustainability function; advising the board of directors on ensuring the implementation of ESG principles (Environmental, Social, Governance), key ESG trends, as well as climate corporate governance in the areas of public policy, legislation and capital markets; providing recommendations on new business opportunities, associated with ESG and climate agenda, in international markets and strategic directions of the group’s development.
"The fact that from now on, a separate supervisory body in the Board of Directors will support the development of the ESG strategy, which will include the tasks and goals of the climate agenda, as well as take care of its implementation, is another proof of our readiness not only to cope with the challenges of the present, but also to continue investing in the future," Kernel CEO Osypov said.
The holding also said that its sustainable development concerns initiatives related to determining the role in achieving the Global Sustainable Development Goals and the goals of the Paris Agreement. At the same time, the company is constantly improving internal accounting systems for ESG indicators, working on building a climate risk management system, improving non-financial reporting in accordance with international standards, etc.
