Brambles has updated its corporate governance framework, introducing a Board Skills Matrix and establishing a Sustainability Risk Committee, alongside a commitment to early adoption of the Task Force on Nature-related Financial Disclosures (TNFD).
Material Actions and Disclosures
The company has adopted a Board Skills Matrix, which outlines the skills and diversity required for Board members to discharge their duties effectively. This matrix is reviewed and approved annually by the Nominations Committee. Brambles has also established a Sustainability Risk Committee to manage environmental and social risks, ensuring that these risks are incorporated into the Group’s risk management framework.
Brambles has committed to achieving 40% female representation on its Board by 2030 and increasing the representation of women in management roles to 40% and in service centre roles to 12% by the same year. The company maintains a diverse workforce and inclusive policies, with a Group Diversity, Equity & Inclusion (DEI) Policy and a Group Dignity & Respect at Work Policy.
The company has also reviewed and approved the Board Skills Matrix annually, conducted a deep dive of material risks, and received assurance from the internal audit function. Brambles has reviewed the effectiveness of its risk management framework and internal controls, and continued to monitor the integrity of corporate reports and the process for appointing external auditors.
Brambles has implemented a Speak Up Policy for reporting concerns and reviewed and updated its Code of Conduct and Anti-Bribery and Corruption Policy. The company has also maintained a diverse and inclusive workforce through policies and practices.
Forward Commitments
Brambles aims to adopt TNFD-aligned disclosures in its Sustainability Review due for release in September 2026. The company will continue to monitor and report on its gender diversity objectives, the integrity of corporate reports, and the process for appointing external auditors. Brambles will also continue to implement and review its Speak Up Policy and monitor the effectiveness of its risk management framework and internal controls.
Brambles’ updates to its governance framework reflect a commitment to enhancing transparency, accountability, and sustainability in its operations.