At Capital A, the Board of Directors has overall responsibility for sustainability and setting the Group’s strategic direction, including matters involving climate strategy. To further strengthen our sustainability governance, the remit of the Board’s Risk Management Committee was expanded to include oversight of sustainability matters and renamed the Risk Management and Sustainability Committee. The Board is supported by the Sustainability Working Group (SWG), which comprises heads of departments and lines of business (LOBs) across the Group. The SWG is chaired by the Head of Group Sustainability, who takes the lead in managing sustainability targets by collaborating closely with various departments and internal functions within Capital A. The SWG was also revamped and slimmed down for greater effectiveness. Since our focus in 2021 was to strengthen our climate strategy, the SWG includes heads of departments/LOBs with direct deliverables on reducing emissions, cutting waste and greening our operations. Henceforth, membership of the SWG will be reviewed annually by the Head of Group Sustainability to reflect our targeted priorities for the year. Throughout the reporting year, the SWG and the Board convened to discuss the following matters: Governance Level Responsibilities Board of Directors • Provides oversight of the Group’s overall sustainability strategy and direction • Has overriding authority as the ultimate decision-making body to endorse activities on sustainability matters for the Group and its stakeholders Risk Management and Sustainability Committee • Oversees the entire Group’s sustainability performance • Integrates sustainability into strategic decisions by taking into account EES impacts arising from business operations Sustainability Working Group (SWG) • Identifies, assesses, evaluates, manages and reports on current and emerging sustainability risks and opportunities relevant to the Group • Implements approved sustainability initiatives across the Group • Monitors the Group’s sustainability performance Sustainability Governance Capital A Berhad Board of Directors Risk Management and Sustainability Committee Risk Management Finance Legal People & Culture airasia Super App AirAsia Foundation BigPay Teleport Operations Procurement Information Security Strategy & Growth Sustainability Working Group (SWG) (Chaired by Head of Group Sustainability) Review of key stakeholders, material matters and materiality matrix Sustainability strategy, targets and initiatives Sustainability reporting performance and updates S U S T A I N A B I L I T Y S T A T E M E N T A N N U A L R E P O R T 2 0 2 1 0 9 9
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