A multi-level structure embedding environmental responsibility and social performance into every level of Nexans’ decision-making, from the Board to operations worldwide.
board reviews / year
CSRD joint sessions
operating model
To guide the Group toward achieving our sustainability goals, we have set up a dedicated Sustainability governance structure. It works to ensure that our financial performance comes with positive environmental and social impacts.
This multi-level governance structure includes the following groups and roles:
The Board of Directors’ role is to validate Nexans’ sustainability strategy and roadmap and review implementation and results at least twice a year, together with the Strategy and Sustainable Development Committee.
Board committees are established to assist the Board of Directors in governance oversight:
Strategy and Sustainable Development Committee
Reviews multi-year strategic orientations, climate objectives, and non-financial performance. It examines strategic plans, business portfolio, strategic investments/divestments, and external growth projects. It also monitors ESG strategy implementation and performance.
Accounts, Audit and Risk Committee
Oversees impact, risk, and opportunity management, internal control systems, and regulatory compliance. It reviews non-financial reporting, assesses the reliability of sustainability information systems, and monitors the preparation process of sustainability disclosures.
To reinforce ESG governance, since 2023, Nexans has held joint sessions between the Accounts, Audit & Risk Committee and the Strategy & Sustainable Development Committee. These joint sessions are dedicated to assessing CSRD implementation focusing on the double materiality assessment (DMA) process and its outcomes ensuring integration into the Group’s risk management and strategic decision-making.
Marc Gryberg
Appointed 2022 · Board-level climate oversight
The Climate Director oversees and monitors the Board’s consideration of climate and environmental implications in its decision-making. Responsibilities include:
Planet Project Team
Chaired by the Vice President of Sustainability, head of the Sustainability Department, who has dual reporting to the Group Chief Financial Officer and to the Chief Human Resources & ESG Officer, both members of the Executive Committee. This team executes the sustainability roadmap and drives organizational engagement.
Functional Operational Committee
Includes sustainability leaders from various corporate functions, including industrial, sales, purchase, R&D, and ESG. It ensures sustainability plans are executed within each function and embedded in daily operations.
Business Regions
Responsible for implementing the sustainability roadmap locally. They are incentivized to meet sustainability targets and are accountable for their impact on the Group’s performance. This ensures tailored execution of sustainability initiatives across all business units.
