Tetra Pak, a company within the Tetra Laval Group, has committed to conduct every aspect of its business with integrity, complying with the rule of law and showing due respect for the interests of others.
Our company culture is based on strong, shared core values, which are continually reinforced among our employees and form the foundation upon which all of us perform our work and conduct our day-to-day activities. Living those values creates the environment for ethical and responsible behaviours across every part of the company.
We also have a long-established and well-defined corporate governance framework to guide how we go about our business, as we believe good governance benefits suppliers, customers, employees, consumers and society at large. Indeed, everything that we do as a company – from developing strategy, to making decisions, to defining how we should operate and act – is guided by that framework, which includes our Code of Business Conduct, Group Policies and Procedures, Risk Management principles, Assurance activities and our Core Values.
Tetra Pak requires all of its businesses to comply with the laws and regulations of the countries in which they operate, to behave as good corporate citizens and to respect human rights.
All Tetra Pak employees must comply with our Code of Business Conduct, which sets out common rules of business behaviour. The Code of Business Conduct covers working conditions, discrimination, confidentiality, conflicts of interest, financial reporting, obeying the law, bribery and corruption, human rights, including child exploitation, and environmental issues.
And the Code is fully reflected in the Business Conduct for Suppliers agreement, which we require our suppliers to follow when engaging in activities on our company's behalf.
It is our belief that by joining forces with people and organizations who share our objectives, we magnify the positive impact on society.
Tetra Pak has been a participating and signatory company to the United Nations Global Compact since 2004 and is committed to its 10 principles on human rights, labour, the environment, and anti-corruption.
Specifically in relation to human rights, our commitment to the UN Global Compact means that we support and respect activities to safeguard international human rights within our sphere of influence, and strive to ensure that neither we, nor any party working on our behalf, is an accomplice to human rights abuses.
Regarding labour, we uphold freedom of association and the effective recognition of the right to collective bargaining, and support the elimination of forced and compulsory labour, the abolition of child labour and the elimination of discrimination in respect of employment and occupation.
Tetra Pak is also a member of Sedex, the Supplier Ethical Data Exchange, a not for profit membership organisation dedicated to driving improvements in responsible and ethical business practices in global supply chains. Tetra Pak has joined Sedex in our capacity as a supplier, and we report the required data to customers for all of our manufacturing sites around the globe and, as part of this process, we are also audited by third parties.
Tetra Pak is committed to ensure that our suppliers act responsibly and we have clear requirements when it comes to behaviours and ethical standards.
Tetra Pak requires suppliers to follow our Business Conduct for Suppliers (BCfS) agreement, which defines our requirements in the areas of labour practices, occupational health and safety, environmental management, ethical behaviour and business integrity.
Under the BCfS, our suppliers commit to adhere to certain fundamental principles and business rules, which reflect our own Code of Business Conduct, including:
The BCfS also requires our suppliers to operate with care for the environment and to take a precautionary approach to environmental protection in sourcing, manufacturing and transport activities.
As part of our efforts to ensure that our supply chain meets our commitments towards our corporate citizenship aspirations, we perform risk assessments of our supply chain focused on specific risk areas, including human rights, slavery and human trafficking, using information gathered by our employees and from third party service providers. The risk assessment process with respect to our suppliers includes the following:
Current supplier base: An annual risk assessment of existing suppliers is performed by Tetra Pak designated employees.
Sourcing: A risk assessment is performed for potential new suppliers by Tetra Pak designated employees.
Event-driven: A risk assessment is also performed by Tetra Pak designated employees when certain key events happen, e.g. when a supplier introduces a new site or production process.
Continuous risk assessment: All employees in contact with suppliers are required to report on an ongoing basis any findings associated with specific risks. Findings are reported to top management, and actions decided and taken as appropriate.
Tetra Pak reserves the right to verify any supplier's compliance with the BCfS through one, or a combination, of several assurance processes. Such assurance processes can include a requirement for the supplier to report relevant data into a third party data-exchange system and/or pre-announced inspections by Tetra Pak or third party auditors.
If, through an audit, risk assessment or other means, we become aware of any actions or conditions not in compliance with our BCfS, we have the right to demand that the supplier take corrective measures. We also reserve the right to terminate any purchase or other agreement with the supplier.
To help ensure that our employees properly understand the behaviours and ethical standards we require across the company, we have initiated a mandatory online training programme focused on our Code of Business Conduct. For employees that are not online, the training is conducted in person.
In addition, all Tetra Pak employees with responsibility for supplier relations, and those undertaking audits, are trained in Risk Management, including how to perform risk assessments and the use of our risk assessment guidelines.
Adherence to the corporate governance framework is a top priority for us.
Every year, Tetra Pak's CEO and Global Leadership Team are required by the Tetra Laval Group Board to assure conformity with the corporate governance framework. This is based on self-assessments from the heads of all of our Market Companies, our business units and our support functions.
Across the Group, an internal audit team verifies that the framework, policies and procedures are being followed.
Information regarding any breach of our corporate governance framework, or any instances of serious inappropriate behaviour, can be reported in confidence to senior management or anonymously to the Tetra Pak Corporate Governance Officer or the Head of Internal Audit. All reported incidents are investigated and appropriate follow up action taken.
This Corporate Governance statement is intended to meet Tetra Pak's obligations pursuant to California Civil Code section 1714.43.
Want to learn more about Tetra Pak?