The Dis-Chem Board is accountable for environment, social and governance (ESG) aspects. The Board mandates the relevant committees to provide oversight, guidance, controls and to implement our ESG strategy.
The Board has oversight of key ESG risk areas, which includes the responsibility of setting Dis-Chem’s level of risk tolerance and limits for our risk appetite on an annual basis. The Audit and Risk Committee is mandated to play an integral role in the risk management process and oversees the development and annual review of the risk policy and plan to manage the Group’s risks. The Committee also ensures executive management maintains a risk register that includes ESG risks and considers and implements appropriate risk responses.
ESG risk management is integrated into Dis-Chem’s enterprise risk management framework.