How we manage corporate responsibility risk and opportunity
Paul Richardson is the Board director responsible for assessing corporate responsibility risks. He chairs WPP's Corporate Responsibility Committee, established in 2003.
The committee is made up of senior representatives from our agencies.
Their role is to have input on policy, monitor significant CR risks and opportunities, determine CR strategy and co-ordinate communication among Group companies.
We have set up a number of working groups to address specific CR issues, including our Energy Action Teams and privacy working group. Members are drawn from our Group functions and operating companies.
Paul Richardson provides an annual assessment of corporate responsibility risks and performance to the Audit Committee. This is in addition to the business and financial reporting risks process described in the risk assessment section.
WPP's Code of Business Conduct and CR Policy set out the standards we expect employees to meet in their work. They provide guidance for our people in dealing with a wide range of ethical, social and environmental subjects. Both documents are publicly available on our website, www.wpp.com.
We have established a set of key performance indicators (KPIs) in our Corporate Responsibility Reports. These relate to marketing ethics, employment, social investment and climate change.