Oakley considers governance with respect to climate-related risks and opportunities as a necessity for establishing knowledge-sharing and setting clear lines of accountability, thereby facilitating collaboration on key topics.

Senior strategic oversight of sustainability matters, including climate, sits with Oakley's European Operations Executive Committee, which receives annual updates on sustainability-related initiatives and considers the Sustainability Committee's advice when making decisions on Oakley's strategic sustainability approach. Climate-related risks and opportunities are overseen by Oakley’s Sustainability Committee and considered alongside other principal risks by Oakley’s Group Risk Committee. Findings from sustainability and climate-related due diligence are presented to the Investment Advisory Committee as part of the investment decision-making process.

The oversight and management of climate-related risks and opportunities are incorporated into Oakley’s governance structure and risk management approach.

Please see the section Governance of responsible investment for further details on Oakley’s governance of sustainability topics, including climate.