RBS 2013 Annual Report Download - page 67
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Report of the Group Sustainability Committee
65
Report of the Group Sustainability Committee
Meetings
The Group Sustainability Committee held six Committee meetings in
2013 in addition to seven stakeholder engagements sessions. Both were
attended by senior representatives from the customer facing divisions as
well as Human Resources, Sustainability, Risk Management,
Communications, Legal, Strategy and Corporate Services. The Chairman
of the Board regularly attends the meeting as well as internal and
external specialists who may be requested to attend for specific items.
Stakeholder Engagement Sessions
Balancing the needs of stakeholders means understanding the views of
all those who have an interest in our business. In addition to ongoing
engagement throughout RBS with internal and external stakeholders,
during the year, the Group Sustainability Committee participated in seven
stakeholder engagement sessions covering the following topics:
• Fair Banking;
• Safety and Security;
• Citizenship;
• Supporting Enterprise;
• Sustainability priorities in the USA;
• Investor Perspective; and
• Employee Engagement.
These stakeholder engagement discussions help inform decision making
across the Group, shape future polices and influence strategic priorities
and will continue to play a key role. For more information see pages 31 to
33.
In 2013, a programme of UK based events aimed at individual
shareholders was introduced. These events provided an opportunity for
shareholders to meet directors and senior management to learn more
about the business.
Membership
The Group Sustainability Committee comprises three independent non-
executive directors. The Chairman and members of the Committee,
together with their attendance at meetings, are shown below.
Attended/
scheduled
Sandy Crombie (Chairman) 6/6
Alison Davis (1) 5/6
Penny Hughes (2) 3/3
Notes:
(1) One meeting missed due to time zone differences.
(2) Appointed to the Committee with effect from 30 July 2013.
Performance evaluation
An internal review of the effectiveness of the Group Sustainability
Committee took place in 2013. Overall the review concluded that the
Group Sustainability Committee continued to operate effectively. An
ongoing challenge will be to ensure that the Group’s strategy covers the
long term needs of all stakeholders and that the work of the Group
Sustainability Committee is fully aligned with that strategy.
Role and responsibilities of the Group Sustainability Committee
The Group Sustainability Committee is responsible for overseeing and
challenging how management is addressing sustainability and reputation
issues relating to all stakeholder groups, except where such issues have
already been dealt with by another Board committee.
Authority is delegated to the Group Sustainability Committee by the
Board and the Committee will report and make recommendations to the
Board as required. The terms of reference of the Group Sustainability
Committee are available on the Group’s website rbs.com and these are
considered annually by the Group Sustainability Committee and
approved by the Board. A report on the activities of the Group
Sustainability Committee in fulfilling its responsibilities is provided to the
Board following each Committee meeting. The principal responsibilities of
the Group Sustainability Committee are shown below aligned to the
Group’s values.