Good governance

We equate good governance with good business.

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 GOOD^TM.

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.

Tetra Laval Group Board

We are part of the Tetra Laval Group, which also includes Sidel and DeLaval. The Tetra Laval Group Board is responsible for the overall strategy, control, and supervision of all business operations within the Group. It issues the Charter of Responsibility (the Charter), which outlines the roles of the Group’s top governing bodies. The Board also appoints our President & CEO and approves and monitors the overall Corporate Governance Framework.

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 and are integrated into strategy, risk reviews and as stand-alone topics.

Learn 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.  

Tetra Pak Executive Leadership Team chart

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 a comprehensive set of 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 Tetra Laval Whistle Blowing Platform, 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. Whistleblowing reports are reviewed by the VP Corporate Governance and the Director of Investigations and investigated as appropriate.

Tetra Laval Whistle Blowing Platform⁠

Global princliples

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.

Discover more about stakeholder engagement⁠