Sustainability governance

Governance at Tiger Brands is centred on our purpose, to nourish and nurture more lives every day. This societal purpose shapes our governance and management structures and approach.

The board of directors is the highest-level body with ultimate oversight of Tiger Brands’ sustainability response and performance. The board provides leadership and strategic direction in the best interest of the company and its stakeholders, embracing the principles of ethical leadership and good corporate governance aligned to the King IV Report on Corporate Governance, the JSE Listings Requirements, the Companies Act and other relevant laws and regulations. The board is ultimately responsible for driving societal purpose through the business, establishing critical anchors for ethical and sustainable business practice, ensuring effective management of ESG risks and opportunities, and for advancing the business model and strategy towards product innovation as a solution to societal challenges.

Two board-level standing committees; the social, ethics and transformation committee (SETCO) and risk and sustainability committee (RSC) play a key role in sustainability governance at Tiger Brands. These committees are mandated by the board to execute certain sustainability-related responsibilities on its behalf.

Other standing committees that play a role in the governance of sustainability, include:

Spotlight on the social, ethics and transformation committee (SETCO)

This year the SET committee reviewed the following issues to ensure that there is effective and ethical leadership and an integrated approach to how Tiger Brands carries out its business and sustainability activities:

WORKPLACE   SOCIAL ENVIRONMENT   ECONOMY   NATURAL ENVIRONMENT
     
  • Transformation
  • Employment equity
  • Decent work
  • Employee safety and health
  • Employee relations
  • Education and training
  • Organisational ethics
 
  • Social development
  • Consumer relations and protection
  • Advertising
  • Human rights
  • Public health and safety
  • Sponsorships
 
  • Social and economic development
  • Corruption prevention
  • BBBEE
 
  • Greenhouse gas emissions
  • Waste
  • Water
  • Energy