By providing the foundation for our strategy and approach to leadership, our governance framework helps us fulfil our purpose. We commit to making food safe and available, everywhere and we promise to protect what’s good: food, people and the planet. It also helps us to comply with relevant regulations and legislation, as well as guides us to behave ethically and responsibly. An Executive Leadership Team is responsible for implementing the framework, supported by a Corporate Governance Office and a network of local governance and risk officers.
Our charter of responsibility outlines the roles and responsibilities of the Tetra Laval Board and Tetra Pak. The framework also includes a comprehensive risk management methodology and system with related and mitigating policies, procedures and global processes for managing and responding to risks.
To secure an effective and transparent internal control environment we have implemented a new Governance Risk Compliance (GRC) system. This creates a single platform for risk management, bringing mitigating policies, procedures and detailed controls together with assurance processes, assessments and reports.
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.
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 Supplier Ethical Data Exchange (Sedex), EcoVadis and CDP.
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.
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).