Governance and accountability
Climate change management is embedded within our existing governance framework, with clear accountability across the Board, the Executive Committee, and the Management Boards.
The Executive Committee oversees the delivery of our climate goals within an approved Transition Plan. Ongoing progress and any material updates are reviewed through established governance processes. The CEO holds ultimate accountability for climate-related matters, with day-to-day management delegated to the Group Management Boards.
The CFO, as Chair of the Sustainability Committee, has delegated responsibility and ensures effective reporting to the Executive Committee and Board. The Sustainability Committee, supported by cross-functional working groups focused on fleet and carbon-intensive repair operations, assesses climate risks and proposes mitigation actions across all territories.
Monitors the transition plan.
Board – Review the Plan
Responsible for ensuring ZIGUP’s long‑term strategy is resilient in a low‑carbon transition. They approve the Plan and ensure it is credible, deliverable, financed and transparently reported to investors and other key stakeholders.
Nomination Committee
Ensures there is sufficient climate literacy on the Board to challenge senior executives effectively.
Audit Committee
Monitors the integrity of climate-related disclosures and data reporting through internal and external assurance.
Remuneration Committee
Responsible for incentivising and monitoring performance against climate targets and approving related remuneration
Delivers the transition plan.
Executive Committee – Oversight of Plan delivery
Translates the climate strategy into a credible, operational Transition Plan and quantifies the Group wide impacts on cost and revenue.
Ensures accountability and responsibility are operationalised throughout ZIGUP.
Group Management Boards
Assigning clear ownership at senior management levels to deliver carbon reduction objectives.
Group Risk Committee
Identifying, assessing, and reporting climate-related risks and material impacts.
Sustainability Committee
Supporting the development of a systematic and collaborative approach to climate action.
The practices and policies that direct our business activities and balance the interests of ZIGUP’s many stakeholders, including shareholders, employees, customers, suppliers, and the community, can be reviewed here.
In FY2023, we first reported on how scenario analysis enhanced our understanding of physical and transition risks to our business over short, medium and long-term time horizons. In our FY2026 annual report, we provide a comprehensive overview of the potential impacts on the Group and its stakeholders under different climate scenarios. The potential climate outcomes considered this year when reviewing climate risks and opportunities range from an orderly transition scenario that limits global warming to 1.5°C to an adaptation scenario where emissions continue the current pathway, which leads to around 4°C warming.
The climate risk management section, found on pages 62 – 65 of our FY2026 annual report, provides further details on the potential risks and our mitigating actions in line with the Task Force on Climate-Related Financial Disclosures (TCFD).
