We are committed to the responsible and proactive management of our environmental, social and governance (ESG) impacts, risks and opportunities. This includes a strategic focus on supporting the global energy transition and delivering value to all our stakeholders. These efforts are supported by regular stakeholder engagement to maintain the responsiveness of our approach, as well as close collaboration with our suppliers and customers.
In 2018, we first published our Climate and Sustainability Principles to provide the foundation for how we identify, understand and address our risks and opportunities related to ESG topics. These principles underpin our strategic, collaborative approach across both our own operations and our supply chain. They provide the “North Star” that guides our actions and helps us execute our strategies to the benefit of both internal and external stakeholders. The principles require us to ground our actions and decisions on science and data, and work to continuously improve our performance. Lastly, they set out our commitment to open, honest and proactive communication with all our stakeholders.
The Board of Directors provides oversight of Cheniere’s sustainability considerations, including overseeing the management of relevant ESG issues. The Board receives regular updates on ESG-related issues such as environmental management, human capital, safety, community, governance and Cheniere’s broader sustainability performance. The Governance and Nominating Committee of our Board is responsible for reviewing the company’s climate and sustainability strategies and policies. The Audit Committee oversees Cheniere’s Enterprise Risk Assessment process, which includes consideration of climate-related and other sustainability risks. A senior and executive-level CR Steering Committee updates the Board on these matters at every regular Board meeting, at a minimum.
Executive-level managers oversee all of our major ESG focus areas, including climate, environment, human capital, safety, community and governance, and brief the Board on these topics regularly. Executive responsibility includes risk assessment and risk management for each business area governing our priority ESG risks. Key risks are incorporated into our Enterprise Risk Assessment procedure, overseen by the Chief Risk Officer, who is independent of the business line. The Board receives updates on climate and sustainability efforts at least quarterly, including climate risks and opportunities as well as regulatory and policy change, and progress on our culture and engagement strategy.
To help embed a culture of sustainability and integrate our approach across the organization, we have a cross-functional Corporate Responsibility (CR) program comprising leaders and subject-matter experts covering a range of business units. This program is managed by our executive-level CR Steering Committee and management-level CR working group, which are collectively responsible for the development of our annual CR Report.