CSR Governance

Sustainability embedded in Nexans governance

To steer its sustainability ambitions, the Group has set up a dedicated governance structure, based on the Sustainability Department.

Board of Directors

Sustainability topics are discussed in the various board committees (Strategy and Sustainable Development Committee, Accounts, Audit and Risk Committee, Appointments and Corporate Governance Committee and Compensation Committee), and during Board meetings. The Strategy and Sustainable Development Committee and the Board of Directors validate Nexans' sustainability strategy, roadmap and review the deployment and the results at least twice a year.

Climate Director

The role of Director responsible for monitoring climate and environmental issues (“Climate Director”) was created at the beginning 2022. Marc Grynberg has been appointed by the Board of Directors on January 20, 2022. He is a member of the Board and a member of the Strategy and Sustainable Development Committee.

On February 14, 2023, he has been appointed as a member of the Accounts, Audit and Risk Commttee. He participates to all Board Committee meetings where sustainability is addressed, meets regularly Nexans CEO and Vice President Sustainability, and assists the Strategy and Sustainable Development Committee and the Board of Directors, in promoting, facilitating and stewarding the pursuit of climate and environmental considerations in the implementation of the Group's strategy.

Executive Committee, chaired by the CEO

Sustainability topics are designed, reviewed and validated. It will cover in particular: definition of the strategy integrated in Group strategy, definition and status of sustainable roadmap, assessment of results, E3 Performance model, information on new regulations.

In 2022, the Executive Committee was assisted by two expert committees to translate the CSR ambitions and other CSR issues into operations:

• Environment and Product Committee which Is co‑chaired by the Corporate Vice President Innovation, Services & Growth and the Corporate Vice President Sales, Marketing and Communication, members of the Executive Committee. They review the following topics: workplace safety, environmental management and on‑site audits, recycling and waste, soil testing, climate‑change assessment and management, energy efficiency, responsible purchasing, innovation and new product development, life cycle assessment and eco‑declarations, eco‑design, regulations on chemicals, biodiversity and water management;
• Governance and Social Affairs Committee which is co‑chaired by the Group’s Senior Corporate Vice President, Chief Human Resources Officer & CSR and by the Senior Corporate Vice President, General Counsel & Secretary General, members of the Executive Committee. They review topics including: governance, ethics and business conduct, CSR risks, labor relations, human capital, human rights, opinion surveys, internal employee engagement surveys, inclusion and diversity, CSR reporting, stakeholder relations, CSR communication, Nexans Foundation.

Planet Project team

Chaired by the Vice President Sustainability, head of CSR Department, who is reporting to the Group's Senior Corporate Vice President Human Chief Resources Officer, member of Executive Committee. The Planet Project gathers sustainable leaders of all corporate functions: industrial, sales, purchase, R&D, CSR, meets twice a month, and reviews the execution of the sustainability plans of the Group.

Operational committees

One operational committe in each functional domain: industrial, purchase, sales and communication are gathering once a month Business Groups, sustainable leaders and head of corporate functions to review the execution of the sustainability plans of the Group.

Business Groups

They are in charge of implementing the sustainability roadmap defined by Executive Committee and reviewed by operational committees. Business Groups are incentivized on this roadmap. Roadmap, action plans and incentives are defined for Business Groups, Business Units and Sites.

The involvement of the highest governance bodies and the organization’s operating departments and support functions in developing CSR policy and reviewing Sustainability execution attests to the strong commitment of sustainability at the source and heart of Nexans strategy.