Overview

Our Structures

With Sustainable Trading Practices being one of our strategic priorities, Sustainability is at the heart of strategy for the Group. While Environmental, Social & Governance matters have always been managed at a local level, as we believe local management are best placed to identify the sustainability related risks and opportunities for their business in their region, we also believe that the sharing of ideas and collaboration on global issues is important and during 2019 we formalised our structures
around Environmental, Social & Governance matters.

Board Structure

From the 1st April 2020 the Board is made up of six independent Non-Executive Directors and three Executive Directors. The Board values the benefits diversity can bring and the Nomination Committee considers the benefits of all aspects of diversity to complement the range and balance of skills, knowledge and experience on the Board. The Board is pleased to note that it has realised the Irish Government’s Balance for Better Business 2023 target for ISEQ 20 companies of 33% female representation on the Board.

Corporate Governance

The Board of Total Produce recognises the importance of maintaining the highest standards of corporate governance and that it is accountable to its shareholders in this regard. The Board has adopted the Quoted Companies Alliance (QCA) Corporate Governance code, issued in April 2018. The Code is constructed around ten broad principles and our application of these can be found on our website:

investors.totalproduce.com/investors/corporate-governance

Sustainability Steering and Working Group

Our Sustainability Steering and Working Group (SSWG) is led by our Finance Director and brings together colleagues, including our Group Sustainability Officer, from functions such as technical, operations, finance and marketing while also having support from other areas such as human resources. The SSWG is charged with developing our policies and practices in environmental and social issues and is supported by local representatives from our operating companies. The committee reports directly to the Board and Sustainability is a standing agenda item for all Board meetings.

Sustainability Panel

Thirty colleagues from across the Group, from India to Canada, form the Sustainability panel that meets virtually to discuss Environmental, Social & Governance matters related issues. The SSWG provide updates on Group initiatives and attendees are invited to present on their local sustainability practices, such as alternatives to plastic packaging, to the wider Group. 

This is also the forum for the distribution of Group policies and practices as developed by the SSWG. In 2020 the SSWG established a Sustainability policy which confirms the Group’s commitment to best sustainable practices in addition to complying at all times to the relevant national and international legislation and industry codes of conduct. This overarching policy is supported by policies such as our Environmental and Responsible Marketing policies which provide more detailed guidance on our Group standards. 

Risk Management

Responsibility for the identification and evaluation of financial, operational and compliance risks is delegated to senior management, which reports to the Executive Risk Committee (ERC). The ERC reviews the relevant findings, identifies strategic risks and makes recommendations.The ERC reports to the Audit Committee who report to the Board. The membership of the ERC includes Executive Directors.

The SSWG reports through our existing risk management structures ensuring senior management are kept up to date on all relevant Environmental, Social & Governance matters and that Sustainability is considered during the risk identification and management processes.

The risk matrix identifies sustainability related risks and opportunities which are considered as part of these risk management procedures.