Kernel board establishes sustainability committee

The Board of Directors of Kernel has established a new committee — Sustainability Committee. As reported by the company, it will be responsible for setting priorities and implementing Kernel’s strategic activities in the areas of climate risks and opportunities, environmental protection, social and human capital development and sustainable development management.

The committee consists of Kernel’s CEO Yevhen Osypov, independent director Mykhailo Mishov and non-executive director Dariia Danylchuk, who was elected as the chairwoman of the committee. The secretary is Marta Trofimova, Kernel’s sustainability manager.

Among the main tasks to be performed by the new committee are the following:

a. Overseeing the effectiveness of the corporate sustainability function of the company and the Group.

b. Advising the Board of Directors on ensuring that ESG principles and aspects of climate corporate governance are implemented in the Group’s strategy, business objectives and all business operations.

c. Advising the Board of Directors on key ESG and climate corporate governance trends in the areas of public policy, legislation and capital markets of new opportunities.

d. Providing recommendations on new business opportunities, associated with ESG and climate agenda, in international markets and strategic directions of the Group’s development.

“Despite the difficulties of wartime, Kernel continues to adhere to the defined priorities of the business. The establishment of the Sustainability Committee is an important milestone in the development of our climate corporate governance system and the integration of sustainability principles into our operations, which have been and remain an integral part of Kernel’s business strategy. The fact that from now on, a separate supervisory body in the Board of Directors will support the development of the ESG strategy, which will include the tasks and goals of the climate agenda, as well as take care of its implementation, is another proof of our readiness not only to cope with the challenges of the present, but also to continue investing in the future,” said Yevhen Osypov, CEO of Kernel.

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