Safripol applies sound corporate governance processes, structures and frameworks across its business to ensure we deliver sustainable value to our key stakeholders.
The KAP board, which oversees Safripol as one of its divisions, holds ultimate responsibility for sustainability across the organization, including at Safripol.
To ensure effective oversight, the board delegates the monitoring and management of sustainability matters to several committees: the Sustainability Committee, the Social and Ethics Committee, the Human Capital and Remuneration Committee, and the Audit and Risk Committee.
Safripol’s CEO and executive committee is accountable for various areas of sustainability, including the reporting of sustainability risks, opportunities, concerns and material matters.
KAP Sustainability, Social and Ethics Committee
This committee plays a pivotal role in exercising oversight of organisational ethics, social and economic development, good corporate citizenship, regulatory compliance, the environment, health and safety matters, stakeholder engagement, and labour and employment issues.
KAP Human Capital and Remuneration Committee
The purpose of this committee is to ensure that the group’s remuneration practices are fair and reasonable, while remaining compliant with regulatory and governance requirements and ensuring that the remuneration practices deliver shareholder value.
KAP Audit and Risk Committee
The main purpose of this committee is to assist the board in fulfilling its oversight responsibilities and to evaluate the adequacy and efficiency of accounting policies, internal controls, enterprise risk management (ERM), compliance and combined assurance arrangements, and financial reporting processes. Environmental-related risks and opportunities are integrated into KAP’s ERM.
Safripol LPR Committee
Safripol’s LPR Committee meets regularly to discuss Safripol’s LPR campaign, as well as our marketing and communication strategy around key sustainability projects.
Safripol Sustainability Forum
The Sustainability Forum is the main decision-making body for Safripol’s sustainability programme, where the sustainability strategy is discussed and priority initiatives are identified. The Sustainability Forum is chaired by Safripol’s Sustainability Manager and attended by Safripol’s CEO, the Technology and Innovation Executive, the Sales and Marketing Executive, and the COO.
Safripol Sustainability working teams
To integrate sustainability across Safripol’s operations, sustainability teams have been established across our sites:
i) The sustainability working group is a cross-functional team representing operations, which ensures implementation of our capex projects and tracks performance of capex projects against our sustainability targets.
ii) The Sustainability Committee focuses on mobilising actions from our employees and communities aligned with our key sustainability and volunteerism days.
FAQs
Q1: Who holds ultimate responsibility for sustainability at Safripol?
A1: The KAP board holds the ultimate responsibility for sustainability across the organisation, including Safripol, and delegates monitoring and management to several committees.
Q2: What is the primary function of the KAP Sustainability, Social and Ethics Committee?
A2: This committee plays a pivotal role in exercising oversight of organisational ethics, social and economic development, good corporate citizenship, regulatory compliance, the environment, health and safety matters, stakeholder engagement, and labour and employment issues.
Q3: What are the responsibilities of the KAP Audit and Risk Committee regarding sustainability?
A3: This committee assists the board by evaluating the adequacy and efficiency of internal controls and Enterprise Risk Management (ERM), with environmental-related risks and opportunities being integrated into KAP’s ERM.
Q4: What is the role of the Safripol Sustainability Forum, and who attends it?
A4: It is the main decision-making body for Safripol’s sustainability programme, where strategy is discussed and priority initiatives are identified. It is chaired by the Sustainability Manager and attended by the CEO, Technology and Innovation Executive, Sales and Marketing Executive, and the COO.
Q5: How is sustainability integrated across Safripol’s operations?
A5: It is the main decision-making body for Safripol’s sustainability programme. Sustainability is integrated through working teams across sites, including: i) the sustainability working group (tracks performance of capex projects against targets), and ii) the Sustainability Committee (mobilises employee and community actions aligned with sustainability and volunteerism days).
Safripol’s Sustainability Governance: See How Our Core Values Drive Action. Download the Sustainability Report