Sustainability report 2019

62 Sustainability approach Sustainability governance )RU $$. VXVWDLQDELOLW\ JRYHUQDQFH LV DERXW PDQDJLQJ risks and opportunities throughout the value chain and ensuring that our ambitions and progress meet WKH QHHGV RI RXU VWDNHKROGHUV LQ DQ HI¿FLHQW ZD\ 7KH illustration to the right demonstrates how we work together to ensure sustainable practices from supplier to customer. The AAK Board of Directors The board of directors’ key purpose is to ensure prosperity by collectively directing the company’s affairs, whilst meeting the appropriate interests of its shareholders and other stakeholders. The long-term view perspective of the company is also part of the responsibility of the Board of Directors. To practice duty of loyalty and duty of care is of outmost importance and 57 percent of AAK board members are independent. Audit Committee The Audit Committee deals with risk management, integration of AAK Group procedures, insurance issues, accounting rules as well as monitoring and following up on policies, codes and their implementation in the organization. Remuneration Committee The main role of the Remuneration Committee is to assist and advice the Board on matters relating to the remuneration of the Board and senior management, in order to motivate and retain executives and ensure that AAK is able to attract the best talents in the market in order to maximize shareholder value. Executive Committee The Executive Committee (ExCom) are responsible for overseeing the daily implementation of board policies, making sure that AAK establish and maintain good governance practices. The Executive Committee decides on the corporate strategy and ensure to communicate the direction to the organisation. Monthly meetings are held where progress and actions needed are reviewed including sustainability ambitions. Sustainability represented at ExCom level 7KH &KLHI 6WUDWHJ\ 6XVWDLQDELOLW\ 2I¿FHU &662 LV a member of Executive Committee and report to the Board on sustainability matters. With responsibilities including Sustainability, Corporate strategy and People the CSSO takes a holistic approach involving internal and external stakeholders to drive the sustainability agenda. Responsible sourcing Responsible sourcing is deeply entrenched in the AAK strategy, requirements and standards. The supplier interaction is strongly supported by AAK’s supplier Codes and Policies that also guide our engagement with smallholders. Activities are continuously moni- tored together with our sourcing and trading team and progress is driven by our Responsible Sourcing Managers. Expert forums such as Task forces per raw materials have been established to make sure that progress is driven based on solid expertise and experience. Sustainable production AAK has a global sustainability team, which is respon- sible for managing environmental and social risks and opportunities related to our operations. Each facility has a Sustainability Team Leader responsible of estab- lishing a local team to drive the sustainability agenda and progress. These cross-functional team leaders are called in for regular meetings by the Global Sustainability Manager in order to exchange best practices and drive the sustainability agenda, which is a joint effort between Sustainability, Global Operations and Human Resources. Sustainable Solutions It order to understand our customers needs and to transfer these into value propositions we have Go-To- Market teams including skilled Customer Innovation managers, Product Managers and Sales representa- tives. The Go-to-Market team work closely with internal stakeholders both in responsible sourcing and in SURGXFWLRQ WR HQVXUH VXI¿FLHQW SURGXFW JRYHUQDQFH Our ability to develop and offer sustainable value propo- sitions is depending on a shared understanding and an alignment from plant to brand which is enabled through our cross-functional ESG approach.