Page 14 - BeachBooklet_2020

Managing

Sustainability

Governance

Our approach to sustainability is governed by our
Sustainability Policy which outlines our commitment
to effectively manage our material sustainability
risks. Other company policies assist Beach in
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fulfilling its sustainability commitment. Beach’s Board
provides oversight of the company’s sustainability
management. The Sustainability Steering Committee
is a management committee set up to assist in the
development of Beach’s sustainability strategy, policy
and practices. The committee membership includes
representation from all relevant business functions
and reviews performance against yearly targets set
in the Sustainability Report. Further information on
the role of the Sustainability Steering Committee
and its members is documented in the Sustainability
Steering Committee Charter. Visit our website to view
more information on Corporate Governance at Beach
and Sustainability at Beach.
We also participate in and track our performance
against several external benchmarks such as the
Dow Jones Sustainability Index (DJSI), and the CDP
(formerly, Carbon Disclosure Project), and endeavour
to improve or maintain ratings provided by other
independent industry analysts.

Risk oversight and management

Risk is inherent in Beach’s business, so effective risk
management is crucial to the long-term viability
of the company. The Board and its Risk, Corporate
Governance and Sustainability Committee provide
oversight of sustainability risks and proactively
consider and review risks relating to social, economic
and environmental issues. Risks to Beach include
those associated with maintaining a social licence to
operate, reputation, health, safety, environment and
economic. Significant risks are continually reviewed
and updated in the corporate risk register.

9 Aboriginal Engagement Policy, Health and Safety Policy, Code of Conduct,
Business Practices and Anti-Bribery and Anti-Corruption Prevention Policy,
Contracts and Procurement Policy, Environmental Policy, Community and
Stakeholder Engagement Policy, Diversity and Inclusion Policy, External Com-
munications Policy, and the Risk Management Policy.

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Beach Energy Sustainability Report l October 2020