ESG Committee definition
Examples of ESG Committee in a sentence
The ESG Committee will meet at least once per Quarter, unless otherwise mutually agreed by the Parties.
GM and Supplier will establish an ESG committee (the "ESG Committee") to collaborate on key initiatives such as responsible sourcing.
The Environmental, Social & Governance Committee, or simply the "ESG Committee", an advisory body reporting directly to the Board of Directors, shall consist of four (4) members appointed by the Board of Directors, which shall establish the rules for convening, quorum, voting procedures, frequency of meetings, term of office, and qualification requirements for its members, among other matters.
As long as the Investor is entitled to appoint at least one (1) member to the Board of Directors, the Investor shall have the right to appoint one (1) member to each of the Company’s committees that is installed, including but not limited to the Audit and Risk Committee, Compensation Committee, and ESG Committee.
At any time where there is not an Investor Nominee member of the ESG Committee (for any reason), the Corporation shall invite an Investor Observer to attend all meetings of the ESG Committee in a nonvoting observer capacity and, in this respect, shall give such Investor Observer copies of all notices, minutes, consents, and other materials that it provides to members of the ESG Committee at the same time and in the same manner as provided to such members.
Our Board and ESG Committee are focused on cultivating an energetic, engaged and passionate culture that helps each of our employees achieve their own personal goals.
The primary function of the ESG Committee is to review and monitor the environmental, social and governance policies and practices of the Issuer to improve the governance structure of the Issuer and strengthen the decision-making function of the Board.
Our ESG Committee oversees Playa’s commitment to incorporating environmental sustainability, social responsibility and best governance practices into our daily operations at all levels with an emphasis on reducing our environmental impact, mitigating risks, developing our human capital, improving our communities and driving value for all our stakeholders.
Currently the ESG Committee consists of three members, namely, ▇▇.
In addition, the ESG Committee will help to measure our progress on Playa’s ESG initiatives and priorities, adding an element of accountability, which should also increase our effectiveness.