Investor Presentaiton
Executive Summary
Improving Financial Health
Data
Employees
Supply Chain
Environment
Governance
Policies & Data tables
Appendix
Governance of ESG (2 of 2)
experian.
Embedding ESG in innovation - Our innovation culture puts consumer and client needs first. Our five Strategic Focus Areas, three of which align closely with
our sustainable business priority of improving financial health, inform our allocation of investment in innovation for core products.
In addition, we invest in developing new products that are specifically designed to offer additional societal benefits, as well as creating revenue for our business,
through our Social Innovation programme. The funding model for social innovation products is aligned with our global innovation framework.
The Social Innovation programme is governed by a global steering committee facilitated by the Global Head of Social Innovation and chaired by the Group
President of Experian Consumer Services North America. The steering committee also includes our Chief Sustainability Officer, Chief Investment Officer, and
Company Secretary, as well as senior representatives from each region. A sub-committee governs lower-level funding of early-stage ideas to explore their
feasibility.
We also have strict processes to ensure we build critical ESG considerations, such as data security, privacy and accuracy, into all our products and services. We
extend our high standards to suppliers through our third-party risk management framework.
Managing ESG risks - The Board and our Executive Risk Management Committee review our principal risks on an ongoing basis. Five of our eight principal
business risks are relevant to ESG (see table below). In addition, we continue to identify and analyse emerging risks including those related to ESG, such as
climate risks. See pages 57-59 of the FY23 Annual Report for details on climate-related risks and opportunities. See pages 78-85 of the Annual Report for more
on our principal risks and risk management processes, including our Three Lines of Defence approach.
Principal risk
Data loss or misuse
Legislative / regulatory change and compliance
Resiliency
Business conduct risk
Talent acquisition and retention
Related ESG topic/sustainable business priority
Treating data with respect (data security)
Potential to impact all – in FY23 particularly treating data with respect (data privacy)
Potential to impact all – we monitor climate related risks that could impact on our Enterprise resiliency
Working with integrity
Inspiring and supporting our people
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