AWS Backup is a fully managed service that makes it easy to centralize and automate the creation, retention, and restoration of backups across AWS services. It provides a way to schedule automatic backups for CodeCommit repositories on an hourly basis. Additionally, it also supports cross-Region replication, which allows you to copy the backups to a second Region for disaster recovery.

By using AWS Backup, the company can set up an automatic and regular backup schedule for the CodeCommit repository, ensuring that the data is regularly backed up and stored in a second Region. This can provide a way to recover quickly from any disaster event that might occur.