​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Corporate Governance Framework

Tetra Pak has an established and well-defined Corporate Governance Framework guiding how we conduct business. Everything that we do as a company – developing strategy, taking decisions, and defining how we operate and act – is guided by this framework which helps us to comply with relevant regulations and legislation and guides us to behave ethically and responsibly. 

All employees are responsible for fulfilling the principles of our Corporate Governance Framework in their everyday roles. Mandatory trainings are provided to employees to ensure that the highest governance standards are met.  By providing the foundation for our strategy and approach to leadership, good governance ultimately helps us fulfil our vision to commit to making food safe and available, everywhere and deliver on our brand promise to PROTECT WHAT’S GOODTM.

While core values shape our corporate culture and guide our behaviour internally and externally, our Code of Business Conduct sets out the company’s position on working conditions, discrimination, confidentiality, conflicts of interest, financial reporting, compliance, corruption, bribery, child exploitation and environmental issues. The performance is audited by external auditors as part of our Corporate Governance Framework. 

Mandates & Responsibilities

Our Charter of Responsibility forms part of a framework of mandates, charters, policy documents, and lines of reporting constituting the formal aspects of corporate ​governance in the Tetra Laval Group. It also includes a comprehensive risk management methodology and system with related and mitigating policies, procedures and global processes for managing and responding to risks.

Governance framework

Tetra Laval Group Board

We are part of the Tetra Laval Group, which also includes Sidel and De Laval. The Tetra Laval Group Board is responsible for the overall strategy, control, and supervision of all business operations within the Group and the clear definition of responsibilities of the Chairman of the Group Board, the CEO of each Industry Group, and the President of TLI. The roles and responsibilities of the Group Board and the Chairman are governed by a Group Board Charter of Responsibility.

The Tetra Laval Group Board has five primary areas of responsibility:

  • Development and definition of overall strategies and policies.
  • The appointment and succession planning of senior management.
  • Corporate governance. 
  • Financial and operational control. An Audit Committee and a Remuneration Committee support the Board in these functions.
  • The Board defines financial targets for the Group’s different operations and total resource allocation within the industry groups.

The Tetra Laval Group Board has four regular meetings each year; when required additional meetings are held. Sustainability reporting and ESG topics are on the board’s agenda regularly, both integrated into strategy and risk reviews and as stand-alone topics. In 2022, Tetra Laval issued the ESG Reporting Policy and Procedure to establish a framework to effectively manage appropriate ESG Reporting.

Read more about Tetra Laval Group Board.

Tetra Pak Executive Leadership Team

The Tetra Pak Executive Leadership Team (ELT) is the decision-making body of Tetra Pak, operating within the scope of the Tetra Pak Charter of Responsibility. The ELT is responsible for leading, developing and managing the Tetra Pak Group.  

In 2022, our operating model was transformed to amplify our customer's voice, simplify work, empower teams, and adapt to local needs while maximising scale advantages.

Internal Control Environment

Risk management is an integral part of every decision we take, to both protect the value of our company and mitigate potential negative impacts on people, society, and the environment.  Our approach helps us to identify, manage and mitigate risk through various policies, procedures, guidelines, processes, controls, and strategic initiatives. 

Policies and Procedures

We have more than 50 policies and procedures in place to mitigate identified risks and safeguard responsible business practices. We implement policies and procedures across a variety of topics, including food safety, supplier management, and environment. These policies are reviewed on a continuous basis. Below are examples of how several of our material topics are managed from a corporate governance perspective.

Code of Business Conduct for Suppliers

Our Code of Business Conduct for Suppliers is an integral part of our supplier onboarding process and purchasing agreements, setting mandatory requirements for our suppliers and their sub-suppliers. It defines our requirements in the areas of human rights and labour practices, occupational health and safety, environmental management, and business integrity.

Corruption: Zero Tolerance

We take a zero-tolerance approach to corruption, bribery and fraud. We have established an Anti-Corruption Policy, which applies to all Tetra Pak group companies and processes worldwide, including procurement of forest commodities. Each operating unit, corporate function, market area/company and its head or managing director is responsible for the implementation and enforcement of policy in their respective organisation(s). All employees must complete mandatory training on Corporate Governance, including Anti-Corruption, when they join Tetra Pak and refresher trainings are conducted when a need is identified, for example as a result of internal control reviews, audits, whistleblowing cases etc.

Whistleblowing and how to raise concerns

Anyone within or outside our business can anonymously report actual or suspected breaches of our Code of Business Conduct or any other critical concern directly to either the Corporate Governance Officer or Head of Audit, or to ethics@tetrapak.com, without risk of being penalised. Every case of a breach of our Code of Conduct is handled individually and investigated appropriately, depending on its severity. Criminal offences are reported to the relevant authority. All whistleblowing reports are investigated by the Head of Audit and VP Corporate Governance, who report back to the Executive Leadership Team and Tetra Laval Group Board.

Global principles

As signatories to the United Nations Global Compact (UNGC) we are committed to the implementation, disclosure and promotion of its 10 principles on human rights, labour, the environment and anti-corruption. We submit an annual Communication on Progress and also actively contribute to the UN and best practice standards of the Forest Stewardship Council™ (FSC™), World Wide Fund for Nature (WWF), UN World Food Programme (WFP) and the Global Alliance for Improved Nutrition.

Read more about our stakeholder engagement

Trust & transparency

To build trust and transparency with our customers and as part of our approach to responsible sourcing across our supply chain, we work with leading sustainability assessment platforms, including the CDP, EcoVadis and the Supplier Ethical Data Exchange (Sedex).

CDP A List 2022

CDP Leadership

Tetra Pak has been recognised for leadership in corporate transparency and performance on climate change and forests by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for the fourth year running.

Ecovadis logo

EcoVadis

Tetra Pak has been awarded a Gold Medal from the sustainability ratings platform EcoVadis, an organisation that evaluates companies’ corporate social responsibility (CSR) performance. Our 2023 score places us in the top 2% of companies assessed by EcoVadis in our category (manufacture of special purposes machinery industry) and among the top 5% of all companies assessed by EcoVadis.

Sedex logo

Supplier Ethical Data Exchange (Sedex)

Communicating about our responsible business practices and performance is very important to us. We are members of Sedex, the world’s largest ethical data exchange platform and organization for responsible business, working to source responsibly and improve working conditions across global supply chains. As both a buyer and a supplier, we are continuously working to meet multiple requirements of ethical auditing.

Further reading

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Our sustainability approach

Tetra Pak is a world-leading food processing and packaging company working to deliver the most sustainable food package.

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An integrated view on sustainability challenges

Discover our interconnected approach to sustainability. Learn how we address complex challenges in food, climate, nature, circularity and social sustainability.

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Stakeholder engagement

Tetra Pak works closely with customers, suppliers and partners worldwide to support their needs to drive long-term sustainability. See how.

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Sustainability Advisory Panel

Meet the Tetra Pak Sustainability advisory panel that shapes and informs our sustainability agenda and helps us achieve our sustainability goals – Learn more.

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1The term ‘food systems’ refers to all the elements and activities related to producing and consuming food, and their effects, including economic, health, and environmental outcomes (OECD, https://www.oecd.org/food-systems, 2023).