Our Approach

 

 

Our goal is to promote sustainability to achieve our business objectives, environmental stewardship and social responsibility.

 
 

Bean harvest in Illinois, USA

 
 

Fully acknowledging this responsibility towards the future, the Corporate Sustainability Team leads our efforts to increase sustainability advocacy among all our stakeholders. Key leaders across the organisation have been oriented on business sustainability and reporting. Each team within the Group has set goals to formalise commitments to our overall effort and recognise individual share of accountability as we strive to meet varying market demands.

Our goal is to promote sustainability to achieve our business objectives, environmental stewardship and social responsibility. The benefits we envision are to:

  • Improve the business performance by generating operational efficiency and cost savings through a more sustainable business model;
  • Promote risk management and compliance and avoid penalties by catching risks early on and taking action to mitigate them;
  • Boost the brand equity of the company; and
  • Enhance the company‚Äôs reputation with stakeholders, including investors, credit institutions, customers, employees, and business partners through a sustainable economic performance, environmental and social responsibility.

Our initial steps to embrace sustainability and promote this value within the organisation include the following:

  • Make sustainability an important and critical agenda along other business matters discussed in the operating committee and presented to the board of directors;
  • Identify key sustainability material issues using our risk management assessment and feedback from stakeholders;
  • Weekly dissemination of sustainability articles gathered from leading international and local sustainability websites to improve awareness and provide benchmarks and best practices;
  • Conduct orientations to advocate sustainability in all levels of the company and eventually extend this to our business partners and other stakeholders; and
  • Include sustainability as part of the goals of managers and supervisors.

We will take stock of all the corporate-wide sustainability initiatives within the GRI framework to come up with a baseline report and eventually publish a sustainability report. GRI reporting provides common performance measures among enterprises worldwide leading to easier benchmarking.

Part of our strategic plan is to develop long-range goals on:

  1. Health and safety
  2. Environment
    1. Renewable energy
    2. Reduction in greenhouse gas emissions
    3. Climate Change
    4. Water stewardship
  3. Supply chain and sourcing
  4. Employee Engagement
  5. Corporate social responsibility

We continue to focus on building future long-term resiliency for our business as we deepen our understanding of the global business environment and remain mindful of the impact of our activities on the future of our planet.

Guided by our Vision, Mission and Values, on providing Health and Wellness, Environmental Stewardship and Employee Welfare, we strive to ensure that we nourish families, enrich lives every day!

 
 
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Governance

We have a strong and comprehensive governance structure accountable to the shareholders and stakeholders to ensure we operate in an ethical and responsible manner. Our Board of Directors shapes the long-term strategy of the Company, reviews material issues and provides guidance on matters relating to shareholders, the SGX, and sustainability.

The Company abhors any form of corruption by its employees and suppliers. Any solicitation or offering of gifts, payments or commissions by Company employees and their families, or by suppliers and their representatives, in exchange for business or for personal gain is strictly prohibited. Employees are expected to report any such violations or suspected violations.

In the United States, the Del Monte Anti-Corruption programme aligns with the US Department of Justice Hallmarks of an effective compliance programme. We have an Anti-Corruption task force that meets as needed to reassess the programme and evaluate whether further enhancements are necessary and roles and responsibilities of the task force are documented. An Anti-Corruption Policy as well as supporting policies (eg, Code of Conduct, Employee Handbook, Travel & Expense) have been communicated to employees and are readily available on the Del Monte intranet.

The Anti-Corruption procedures also require Del Monte employees to follow a specific due diligence process and obtain prior written approval from the Law Department before retaining any consultant, agent, or other third-party who or which may reasonably be expected to interact with any foreign government official on behalf of Del Monte. Anti-Corruption training is provided every two years to approximately 100 officers and employees at Del Monte and its subsidiaries.

The Group implements a Whistleblower Policy that aims to deter and uncover any corrupt, illegal, unethical, fraudulent or other conduct detrimental to the interest of the Group committed by officers and employees, as well as third parties/any other persons, such as suppliers and contractors.

Internal audits are periodically performed to assess corporate, facility and subsidiary processes and controls to mitigate corruption risks. The company has a Code of Conduct which directors, management and all employees abide by. All employees are required to provide information on related party and conflict of interest which is updated annually.

A separate team evaluates and manages Risks and both Compliance and Risk Issues are reported to the Board of Directors.

Read more on Corporate Governance here.