SUSTAINABILITY GOVERNANCE FRAMEWORK

The ultimate sustainability responsibility rests with the Board, and the Board has tasked the social, ethics and transformation committee to manage and monitor sustainability.

Our products and services are the tangible outputs of our business activities and our social and ethical responsibilities guide our day-to-day activities. AEEI’s goal has always been to provide management with innovative solutions to every subsidiary and client while remaining committed to social responsibility.

BOARD OF DIRECTORS
The Board of directors is primarily responsible for overseeing sustainability issues through the committees listed below:
CHIEF EXECUTIVE OFFICER
The CEO is accountable to the Board for the implementation of the Group’s strategy and the overall management of the Group
AUDIT AND RISK COMMITTEE	REMUNERATION COMMITTEE	SOCIAL, ETHICS AND TRANSFORMATION COMMITTEE
Responsible for overseeing and reviewing the integrated reporting process. Reviews the annual financial statements, interim reports and preliminary results announcement. Ensures integration in terms of integrated reporting and the application of our business model. Ensures that the combined assurance model is applied. Oversees the internal audit function. Responsible for risk management and considers the top risks and monitors the progress of mitigating risks. Findings and recommendations are reported at Board level. Responsible for the governance of technology and information. Recommends the services of the external auditor.	Reviews and approves the remuneration and benefits policy and the reward philosophy and strategy adopted by the Company. Ensures that the Company remunerates responsibly, fairly and transparently. Reviews and approves the reward philosophy and strategy. Determines the remuneration packages of the executive directors and senior managers. Recommends to the Board the fees to be paid to non-executive directors for their services.	Ensures that the Company is and remains a committed, socially responsible corporate citizen. Reports on organisational ethics, sustainable development and stakeholder relationships. Ensures compliance with statutory duties and encourages leading practice by having the social, ethics and transformation committee progress beyond mere compliance to contribute to value creation. Monitors the Company’s social impact, oversees compliance and ensures sound ethical and governance practices. Responsible for the oversight of transformation management, ensuring that management has implemented and maintained an effective transformation management process in the Group. Assists the Board to lead transformation within the Company and ensure appropriate policies and procedures are in place. Ensures compliance with the amended B-BBEE Codes of Good Practice as revised from time to time. Managing and ensuring best environmental practices.
DAILY RESPONSIBILITY IS DELEGATED TO DIVISIONAL MANAGEMENT