Our Approach to Sustainability
Great Eastern's brand promise, Reach for Great, is the heart of our Sustainability Strategy. Our approach is based on three key imperatives – Accelerating the Transition to a Net Zero future, Bringing Impact to Communities and Conducting our Business Responsibly
Sustainability Governance Structure
Good governance and integrity are fundamental to the way Great Eastern operates and are critical for our business success. They are also key tenets in our approach to sustainability.
The Board of Directors has ultimate ownership and responsibility for the long-term success of the organisation and the sustainability agenda at Great Eastern. In 2020, the Sustainability Committee was established to supervise and oversee the Group’s Sustainability Strategy and related projects and priorities that are relevant to the Group's material ESG factors. The Sustainability Committee also provided guidance to shape and refine our sustainability endeavours ensuring they are robust and effective.
To ensure an aligned approach across the Group with respect to the Group’s sustainability-related strategy, its implementation and results thereof, the GEH Group Sustainability Council (SC), which comprises members from the Board of GEH and its principal subsidiaries, was established on 1 February 2024, in place of the Sustainability Committee which was dissolved on 31 January 2024. Regular trainings on current and emerging sustainability issues are provided to Board members. Great Eastern also provides capacity building and training in sustainability-related topics for employees across all levels of the organisation.
The Risk Management Committee (RMC) plays a crucial role in reviewing and approving risk governance matters related to sustainability within our organisation. The RMC ensures that ESG risks such as climate change are integrated into our enterprise risk management strategy, protecting the organisation against related risks.
The Group Management Committee (GMC), led by the Group Chief Executive Officer, is responsible for providing leadership, direction and operational oversight to ensure the Group’s sustainability performance. The GMC embeds ESG considerations into corporate strategy planning at every level, reinforcing our commitment to sustainability.To ensure the successful implementation of the Sustainability Strategy, a sustainability taskforce comprising GMC members has been established to report regularly to the SC on the progress of key sustainability initiatives.
