34 Inizio Sustainability Report 2023 Overview of our Governance Strategy Governance is a core Our Governance Strategy comprises the following priorities: pillar of our business. It determinesour ability Building a strong ethical culture Enhancing internal governance to create and maintain Inizio’s culture is based on processes and controls throughout value, and to deliver openness, accountability, all of Inizio’s legal entities the environmental and and disclosure. social components ofsustainability.During 2023, we continued toimprove our governance framework, 1Our Code of Ethics is at theheart of everything we do,outlining the behaviors werequire of all our people andthose who represent us.Inizio’s Commitments are 2During 2023, we establishedan operational framework ofcouncils to support theExecutive team.The Group DevelopmentDirector is responsible for allHead of DEI also joinf the Board,meetings oBoard Committees, andCouncils during the year,to provide relevant updates.Furthermore, in 2023 we as we look to create a Group which integral to the Code. They set areas of sustainability at animplemented Inizio’s Policy all our stakeholders can trust, with out how we should act and Executive level and attendsGovernance Standard to outstanding governance and the interact with others, helping each council meeting. Thegovern our Group policy highest ethical standards. to foster the culture we Head of ESG and the Global documentation. mutually create. As part of Inizio’s sustainability strategy update,we reviewed the key priorities under the governance pillar and reframed Ensuring robust data Managing our supply our priority areas to reflect more broadly the various elements governance and cyber chain responsibly which fall under governance. Set security controls are in place out opposite is an overview of Inizio’s key governance priorities. 3 4 Significant progress has been made during 2023 Managing Inizio’s supplyFollowing a review of Inizio’s in this area, with the publication of data security chain in a responsiblesupplier management policies and group wide training. An IT governance and sustainable manneroperating model, we are function has been formalised and Inizio has been is a critical element ofcurrently exploring the certified to the new EU-U.S Data Privacy Framework. our sustainability strategy.implementation of a digital platform to engage with our Further details are key suppliers on material available on page 37. sustainability topics.