FIMA CORPORATION ANNUAL REPORT 2018

S U S TA I N A B I L I T Y R e p o r t

SUSTAINABILITY REPORT 2018

SUSTAINABILITY

GOVERNANCE

Many of our activities are highly regulated by laws and regulations

relating to health, safety, environment and community impacts. We are

committed to complying with the laws and regulations of the countries

in which we conduct business and, where applicable, to exceeding legal

and other requirements that are less stringent than our own because

we believe high governance standards are integral to creating long-term

value and maintaining our social licence to operate.

Our Board governs the Company and oversees our sustainability

approach with dedicated Board committees assisting with oversight

and monitoring. Each committee has its own Terms of Reference setting

out its roles and responsibilities. The Group Sustainability Committee

steers our sustainability activities and is presently chaired by the Senior

Independent Non-Executive Director of the Company and reflects

all areas of the Group. At management level, the Heads of Division

comprises the Group’s most senior executives. There is a delegations

of authority framework that clearly outlines those matters delegated to

the Managing Director and other members of senior management. In

addition, ad-hoc committees are established to deal with particular sets

of ongoing issues.

The business units are also responsible for adapting sustainability

strategies to their operating needs, as well as providing the resources

needed for its implementation. They align their

brands and technologies, and the sites involved, to

sustainability in line with the specific challenges and

priorities of their business portfolio.

The Corporate Governance Overview section of

this Annual Report and our website at

fimacorp.com/corporate-governance sets out our

principles and policies in more detail.