40 Inizio Sustainability Report 2023 TCFD report Introduction •Conducting a full climate disclosure Governance example of a recent climate-related track progress on mitigation targets target setting, data collection and At Inizio, we acknowledge the gap analysis to examine our current Maintaining a strong governance decision was the Board’s approval of that Inizio has set, for which climate-regulatory requirements, significance of risks and opportunities alignment to the expectations of the framework is a core component of the Group’s science-based targets, more information is provided in all with a formalized terms of faced from climate change. This UK Government mandate (BEIS), the our business to ensure longevity upon recommendation from the the Metrics and Targets section. reference document highlighting includes the impacts of extreme TCFD, and the International Financial in our value creation and delivery. Sustainability Committee. In doing Where practicable, the environment the above key responsibilities the weather on our high-quality service Reporting Standards (IFRS) S2 At Inizio, climate-related issues so, the Board demonstrated its and climate-related metrics will Committee is expected to deliver on. delivery and the growing movement standards recently released by are integrated into our existing understanding of the importance be reported to the Board on a to Net Zero within the healthcare the International Sustainability governance processes across of Inizio’s contribution to a low- six-monthly basis. In parallel, and reporting directly industry. To ensurewe fulfill our Standards Board (ISSB). different levels of the business, carbon economy. to our CEO, is the role of the Group purpose to offer our world-class from our Board-level Committee to Management’s role in assessing Development Director, who acts •Identifying physical and The Board is also responsible for and managing climate-related as the Executive ESG Sponsor. His support to achieving a healthier transitional climate-related risks the various business units that we world, we have committed to operate globally to deliver our high- reviewing and guiding the setting risks and opportunities responsibility is to integrate climate- and opportunities relevant to our of annual budgets. This includes A Non-Executive Director has related issues into our broader achieving Net Zero emissions business and undertaking a climate- quality services to clients. A detailed by 2040 and have set near-term description of these, including the the allocation of a sustainability been assigned the role of Board ESG commercial strategy as one of related scenario analysis using data budget, which is reviewed and Sponsor where hewill be responsible four enterprise-wide initiatives. science-based targets to underpin and scenarios developed by the roles and responsibilities for climate- this overall commitment. We have related risks and opportunities, is approved each year. for liaising with the executive Intergovernmental Panel on Climate management on all climate-related Reporting to the Group also implemented processes to Change (IPCC) and the International provided below. identify, assess, and manage climate- Energy Agency (IEA). Finally, our Board undertakes issues. The Board ESG Sponsor also Development Director is the related risks and opportunities The Board’s oversight of climate- the role of reviewing our enterprise chairs our Sustainability Committee, position of our Chief Sustainability across our business. •Engaging our Enterprise Risk related risks and opportunities risks, whereby any climate-related which facilitates the provision of Officer (CSO), who is also titled the Management team to better Sustainability matters, including risks captured in the Enterprise regular updates to the Board on Head of ESG. This assigned role During 2023, we have been working integrate, monitor, and manage those relating to climate change, are Risk Management process are key sustainability issues, including entails the management of annual on integrating the recommendations climate-related risks and reported on, and considered at every highlighted within a Sustainability climate-related matters. budgets for climate mitigation of the TCFD within our strategy and opportunities into our Enterprise Board meeting through a standalone Risk Dashboard. This dashboard initiatives, developing Inizio’s climate reporting, and have responded to Risk Assessment processes across sustainability update, followed by is then presented to the Board’s The Board has delegated authority to transition plan, which includes the CDP questionnaires since 2022. business units and divisions. updates from the Non-Executive Audit Committee for review and the Board Sustainability Committee our 2040 Net Zero commitment, Director (ESG Sponsor) on the latest assessment of relevant mitigation to oversee the development, conducting regular climate-related This reporting year, we have enhanced In the sections that follow, we outline Sustainability Committee meetings plans. More information on the risk implementation, and execution scenario analysis exercises to assess our processes for identifying, assessing, the outcomes of our work to address that occur at least twice a year. Each assessment and management of the Group’s decarbonization climate risks and opportunities, and and managing our climate-related our climate responsibilities across year, the Board reviews and guides process can be found in the Risk strategy, including monitoring wider monitoring progress against risks and opportunities. These include: the four pillars of the TCFD and our climate-related strategy as part Management section. As part of stakeholder expectations on climate- climate-related targets. IFRS S2, with close alignment to of Inizio’s broader Sustainability Inizio’s Sustainability Strategy, the related issues and ensuring the the UK Government climate risk Strategy to monitor and assess Board additionallyapproves all Board is kept frequently informed disclosure mandate. progress against corporate targets environmental and climate-related on progress. The Sustainability and supply chain engagement. A key KPIs and scorecards to measure and Committee additionally discusses