CO2CRC Governance Committees

The Governance Committees support the board with specialist tasks to ensure safe and compliant operations, risk management, appropriate internal controls, ensuring best practices, and good financial discipline.

Program Advisory Committee

The Program Advisory Committee (PAC) ensures CO2CRC’s research aligns with the organisation’s strategic plan and meets the needs of its member companies. It advises on future programs and emerging opportunities, reviews research activities, and identifies industry trends. The PAC also facilitates effective communication and collaboration between researchers and member companies, supports decision-making, and ensures that project plans are reviewed and appropriately resourced. The committee is chaired by an appointee of the Board and includes representatives from industry, government, and CO2CRC’s leadership.

Operations Safety and Environment Committee

The Operations Safety and Environment Committee (OSEC) ensures CO2CRC’s operations are safe, environmentally sound, and compliant with regulations. It oversees risk management, asset integrity, and advises the Board on new operational activities. The committee focuses on health, safety, and environmental compliance, reviewing HSE reports, incident investigations, and ensuring proper governance structures. OSEC supports all operational phases, including project execution, decommissioning, and site remediation, to meet safety and operational standards. It includes at least two Board Directors, a senior CO2CRC manager, and typically an industry representative.

Finance Risk and Audit Committee

The Finance Risk and Audit Committee ensures CO2CRC’s finances are well-managed, risks are controlled, and the company complies with legal and regulatory requirements. It oversees financial practices, internal controls, and interacts with external auditors to maintain transparency and accountability. The committee also supports the Board in managing financial risks and ensuring sound financial health. It includes an independent finance professional as Chair, the CO2CRC CEO and CFO, and up to three non-executive directors, with the option to involve external advisors as needed.