 Board of Directors
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Responsibilities Include
- Overseeing the ethical, legal and social conduct of the Company
- Overseeing the development of the Company’s corporate governance policies, principles and guidelines
- Developing and monitoring compliance with the Company’s Code of Business Conduct and Ethics for directors, officers and employees, including Ethics Line reporting
- Overseeing stewardship of the Company, including the strategic planning process, approval of the strategic plan, identification of principal risks and implementation of systems to manage these risks
- Encouraging a culture of ethical conduct by appointing officers of high integrity and monitoring their performance
- Delegating certain ESG responsibilities to the Corporate Governance & Social Responsibility Committee, the HR Committee and the Audit Committee, which are each verified on applicable ESG issues on a regular basis
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2023 ESG Activities Include
- Reviewed ESG trends and how investor-related disclosures are evolving, including a scan of key ESG-related frameworks and standards (e.g. SASB, TCFD)
- Received updates on sustainability strategy and ESG ratings performance, benchmarked against comparator companies
- Discussed ongoing progress around sustainability governance, strategy and operational integration
- Received updates on ESG initiatives, including our Climate Action Plan
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 Corporate Governance & Social Responsibility Committee
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Responsibilities Include
- Assisting the Board in fulfilling its responsibilities as they relate to corporate governance and social responsibility
- Annually assessing the effectiveness of the Board as a whole, the effectiveness of the committees of the Board and the contributions of individual Directors, and reporting to the Board on the results of the assessments, including recommended actions to address any issues arising from the assessments
- Recommending to the Board the composition of the committees of the Board
- Receiving and reviewing periodic reports of the Company’s policies, activities and progress pertaining to social responsibility initiatives, including sustainability, as well as updates on regulatory and general market developments relating to such matters
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2023 ESG Activities Include
- Received and discussed governance, regulatory and best practice updates together with the evaluations of the Company’s corporate governance published by various external parties
- Conducted and reported on the annual Board assessment, consisting of a confidential survey and individual interviews with all Directors
- Recommended to the Board the structures and composition of the Board’s committees, taking into consideration the Company’s statement of principle regarding membership and rotation in such recommendation
- Received and reviewed updates and recommendations on the Company policies, activities and progress pertaining to social responsibility initiatives, strategies and action plans, including in the area of sustainability (e.g. energy management, removal of single-use plastics, food waste reduction) as well as updates on regulatory and general market developments relating to such matters. In particular, the Committee:
- Reviewed the Sustainable Business Report, including updates to the materiality assessment and the various reported-on metrics
- Received an update on pending national legislation focused on forced and child labour
- Received updates on initiatives including our Climate Action Plan, GHG emissions reductions, energy management, labour practices, food waste, plastics reduction and circular materials investments
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 Audit Committee
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Responsibilities Include
- Overseeing policies and practices relating to the integrity of financial and regulatory reporting
- Periodically reviewing the Enterprise Risk Management Framework for the Company and assessing the adequacy and completeness of the process for identifying and assessing the key risks facing the Company
- Establishing procedures for the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting controls or auditing matters, and the confidential, anonymous submission by employees of the Company of concerns regarding questionable accounting or auditing matters
- Receiving quarterly reports from the Vice President Internal Audit regarding reporting matters from the Ethics Line, administered by Internal Audit
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2023 ESG Activities Include
- Reviewed quarterly Enterprise Risk Management reports Received reports and updates on the Ethics Line, environmental compliance, food safety, pharmacy and loss prevention
- Received updates on the Company’s sustainability journey and control frameworks around Sustainable Business Report metrics
- Discussed International Sustainability Standards Board (ISSB) proposed standards
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 Human Resources Committee
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Responsibilities Include
- Monitoring, reviewing and providing guidance in respect of the Company’s people-development initiatives, including talent management and development programs; processes and execution, Diversity, Equity & Inclusion (DE&I) Strategy; and policies related to people matters, including but not limited to Code of Business Conduct and Ethics
- Receiving reports on HR-related matters received through the Ethics Line and the DE&I Reporting Line
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2023 ESG Activities Include
- Through quarterly management updates, monitored, reviewed and provided guidance in respect of the Company’s people-development initiatives, including DE&I strategy; talent management and development programs; processes and execution
- Received reports and updates on DE&I Strategy, data and performance, including information on the DE&I KPI; education initiatives; and process improvements
- Approved an additional executive KPI in support of sustainability commitments
- Received updates on our People Strategy, including ongoing commitments to growth and development, leadership, culture and DE&I
- Received and reviewed reports on HR-related matters received through the Ethics Line and the DE&I Reporting Line
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 Executive Committee
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Responsibilities Include
- Leading business and sustainability strategy development and review
- Overseeing leadership committees and operational teams responsible for implementing sustainability strategy
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2023 ESG Activities Include
- With the support of third-party expertise, reviewed ESG trends and how investor-related disclosures are evolving, with a particular focus on GHG emissions reductions and targets
- Led discussions and oversaw process to develop a bold, new Climate Action Plan, including clear targets and phased approach
- Reviewed progress against established sustainability goals and commitments, including on animal welfare and food waste
- Contributed to discussions about the evolution of Sustainable Business Strategy in our business
- Received updates on progress and performance across a range of other key sustainability areas including DE&I, community investment, health, safety, mental wellbeing, and plastics and packaging
- Reviewed the 2022 Sustainable Business Report including updates to the materiality assessment and the various reported-on metrics
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 Sustainable Business Council
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Responsibilities Include
- Ratifying, governing and ensuring accountability through KPI integration of the Sustainable Business Strategy and its related activities and reporting
- Fostering collaboration and coordination with functional leaders and subject matter owners across our business
- Tackling emerging ESG issues
- Gathering strategic input to address government regulatory compliance gaps or opportunities
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2023 ESG Activities Include
- Collaborative cross-functional council developed in fiscal 2023, starting in fiscal 2024
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Analyst Spotlight 
