Sustainable Development Governance Structure

Sustainable development management is closely integrated into the Fund's corporate governance structure, which allows these issues to be considered at all levels, from the Board of Directors to the executive bodies and heads of divisions.

The Management Board of the Fund is responsible for operational activities, economic and sustainable development. The Management Board is accountable to the Board of Directors and reports to it on the Fund's performance every quarter. The Management Board is also responsible for the fulfilment of the strategic objectives and development of the Fund in the field of sustainable development approved by the Board of Directors and the Single Shareholder.

Board Committees play an important role in scrutinising issues within their remit, particularly in the areas of sustainable development, including health and safety and environmental safety.

The Fund's Board of Directors made a decision on 10 December 2024 to terminate the Strategy Committee. Strategic planning was transferred to, and is reserved directly for, the Board of Directors.