The Board of Directors of Kernel has established a new committee – Sustainability Committee. It will be responsible for setting priorities and implementing the Company’s strategic activities in the areas of climate risks and opportunities, environmental protection, social and human capital development and sustainable development management.
The committee consists of Kernel’s CEO Yevhen Osypov, independent director Mykhailo Mishov and non-executive director Dariia Danylchuk, who was elected as the chairwoman of the committee. The secretary is Marta Trofimova, Kernel’s sustainability manager.
Among the main tasks to be performed by the new committee are the following:
1. Overseeing the effectiveness of the corporate sustainability function of the Company and the Group.
2. Advising the Board of Directors on ensuring that ESG principles and aspects of climate corporate governance are implemented in the Group’s strategy, business objectives and all business operations.
3. Advising the Board of Directors on key ESG and climate corporate governance trends in the areas of public policy, legislation and capital markets of new opportunities.
4. Providing recommendations on new business opportunities, associated with ESG and climate agenda, in international markets and strategic directions of the Group’s development.
“Despite the difficulties of wartime, Kernel continues to adhere to the defined priorities of the business. The establishment of the Sustainability Committee is an important milestone in the development of our climate corporate governance system and the integration of sustainability principles into our operations, which have been and remain an integral part of Kernel’s business strategy. The fact that from now on, a separate supervisory body in the Board of Directors will support the development of the ESG strategy, which will include the tasks and goals of the climate agenda, as well as take care of its implementation, is another proof of our readiness not only to cope with the challenges of the present, but also to continue investing in the future,” said Yevhen Osypov, CEO of Kernel.
The development of Kernel’s sustainability function touches upon many areas of the company’s activities. Fulfilment of the undertaken commitments, as well as the implementation of new business opportunities in this area is realised through the involvement of all segments of the Group in the relevant initiatives. In particular, these are initiatives related to defining the role of Kernel in achieving the Global Sustainable Development Goals and the goals of the Paris Agreement. At the same time, the company is constantly improving internal accounting systems for ESG indicators, working on building a climate risk management system, improving non-financial reporting in accordance with international standards, etc. The creation of a specialised sustainability committee at Kernel is a significant governance step towards the implementation of these processes.
