We believe that good corporate governance is fundamental to a successful, sustainable business. That’s why we have a well-defined governance framework that guides everything we do.

​Our governance framework

The Tetra Pak Governance Framework is designed to help ensure that we deliver on our brand promise PROTECTS WHAT’S GOOD™, that we abide by relevant regulations and legislation, and that we behave ethically and responsibly. We believe that good governance is fundamental to building a sustainable business, and to creating long-term, shared value with our customers.

Tetra Pak Governance Framework

Mandate and values

 This section of the framework provides a structure for setting company objectives and strategies, and for how we go about achieving them. It also guides how we operate and act with colleagues internally and with our stakeholders across the value chain. At the highest level, it includes:

  • Charter of Responsibility: Issued by the Tetra Laval Group Board, this outlines the roles and responsibilities of the Board and Tetra Pak. The CEO of Tetra Pak is ultimately responsible for the Governance Framework.
  • Core values: These form and shape our corporate culture and guide our behaviour internally and externally, uniting people from different cultures, countries and backgrounds. Shared and lived core values are essential to good governance.
  • Code of Conduct: This sets out requirements on working conditions, anti-discrimination, confidentiality, conflicts of interest, financial reporting, compliance with the law, anti-corruption, bribery, child exploitation and environmental issues in all parts of our operations.

Internal control environment

The Framework also includes a comprehensive risk management methodology with related and mitigating policies, procedures and global processes for managing and responding to risks.Our state-of-the-art Governance Risk Compliance (GRC) system is a major step towards securing an effective and transparent internal control environment. The GRC creates a single platform for risk management, bringing mitigating policies, procedures and detailed controls together with assurance processes, assessments and reports in a single place.

Organization and decision making structure

Our Global Leadership Team (GLT) is responsible for implementing the Framework, supported by a Corporate Governance Office and a network of local governance and risk officers.

In addition, the GLT has set up four councils to manage decision-making in the following areas: strategy; products and technology; transformation and capability; and corporate governance.

Every year, our CEO and the GLT submit a signed Management Declaration to the Tetra Laval Group Board, reporting on our adherence to the Governance Framework. This is based on detailed reports and self-assessments from all heads of markets and operating units.

International frameworks

As signatories to the UN Global Compact since 2004, we are committed to the implementation, disclosure and promotion of its 10 principles on human rights, labour, the environment and anti-corruption, and submit an annual Communication on Progress. Defined corporate functions have a coordinating role for:

  • Human rights: Human Resources/Corporate Communications
  • Labour: Human Resources
  • Environment: Environment
  • Anti-corruption: Corporate Governance

We also actively contribute to the UN Sustainable Development Goals(SDGS)

Awareness, understanding and compliance

All employees, at all levels of the company, are responsible for complying with the Governance Framework in their everyday decisions and actions. Details of the Framework are available on our intranet and a mandatory eLearning programme is in place.


Anyone in the company can anonymously report actual or suspected breaches of our Code of Conduct or any other unethical behaviour directly to either the Corporate Governance Officer or Head of Audit, without being penalized in any way. Every case of breach of our Code of Conduct is handled individually and investigated appropriately, depending on its severity. If the incident is criminal, we report it to the relevant authority.

Zero tolerance towards corruption

Anti-corruption is an important part of our approach to corporate governance, and we take a zero tolerance approach to corruption, bribery and fraud. Corruption is unethical; it undermines the fairness of the market, distorts transaction costs, destroys an open, honest and decent society and harms economic, social and political progress. Combating corruption is a vital part of building trust with customers, suppliers and other stakeholders, and fostering a responsible, transparent business culture.

Trust and transparency

To build trust and transparency with our customers and as part of our approach to responsible sourcing with suppliers, we are members of Sedex, the Supplier Ethical Data Exchange. Sedex is a not-for-profit membership organisation dedicated to driving improvements in responsible and ethical business practices in supply chains.

Learn more about our governance