Sustainability management

The risk and sustainability committee (RSC) ensures that the environment and sustainability initiatives and objectives of the group are effectively integrated into the business at an operational level. The RSC is made-up of four non-executive directors as members, and normally attended by three chief growth officers, chief supply chain officer, company secretary, chief corporate affairs, chief financial officer, chief legal officer, corporate finance executive and the chief executive officer.

Our executive committee facilitates the effective control of the group’s operational activities in terms of its delegated authority emanating from the board. The executive committee is responsible for developing policies and strategy for recommendations to the board and for the implementation and execution in line with the board’s mandate. Progress towards meeting sustainability-related targets and goals, are also monitored at an operational level by the executive committee, championed by the executive director, as an independent member. The executive committee meets at least monthly and meet more often when necessary.

In terms of direct roles and responsibilities, the following are the highest-level positions with responsibility for defining and executing sustainability initiatives and objectives, and report to the board more frequently than quarterly on sustainability-related issues:

Linking remuneration to sustainability targets

Tiger Brands has begun providing performance incentives for the management of sustainability-related issues through the short term incentive scheme (STI). Remuneration incentives are currently offered for performance against quality, safety and efficiency targets. The incentives are applicable across the group from senior executives to factory workers.

As part of our ongoing improvement, we continue to look at further sustainability-related performance indicators to be included in our STIs.