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Our ESG programme is a foundational part of our business transformation plan and is overseen by our Board of Directors and led by our Executive Committee. To ensure our business is resilient to the risks and responsive to the opportunities of the changing landscape, our leadership teams are aware of the need to build and maintain their knowledge of environmental, social and governance issues.

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In 2022 our Executive Committee and Chairman took part in a detailed training session, led by an external expert, to better understand the macro environmental, social and governance trends affecting the economy, retail and Asda. This session covered a range of topics but focused extensively on climate change, natural resource use and waste, given their materiality to Asda.

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Further board education sessions will take place as appropriate.

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Re-setting the ESG strategy

Through a process of in-depth immersion on macro ESG trends, competitor benchmarking, stakeholder engagement and reviewing upcoming legislation, the Asda Executive has, over the past year, led a reset of the ESG strategy to ensure alignment with the new business strategy and to deliver a programme that can withstand cultural shifts and other demands.

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Governance Structure

At Asda, ESG is designated as a strategic programme – meaning it is regarded as crucial to our future growth.

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Bellis TopCo 2

Shareholder and Non-Executive Board of parent company (Bellis TopCo 2), comprising five directors and two non-executive directors, including Dame Alison Carnwath and non-executive chairman Lord Stuart Rose.

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Asda Group Limited Executive Committee

Decision-making board for ESG matters.

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ESG Steering Group

Monitor delivery, approve new initiatives and propose overall strategic direction

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Environmental-Social-Governance

Focussed on ensuring delivery of key projects.

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ESG Central Team

Overall oversight of programme management and governance.