Our holding company business model differs from traditional consumer-packaged goods companies. While we have some centralized functions (such as procurement, tax, Securities and Exchange Commission reporting and corporate compliance) and shared functions (such as food safety), our businesses have autonomous management teams and drive their own strategies for growth.
Consistent across our businesses is our commitment to ESG matters and our overarching governance structure as described below. While our aspirations are shared across the company, each business drives its ESG and sustainability efforts based upon what is most material to their unique business, products, and stakeholders. There are a variety of ESG focused projects taking place, but they are not identical. One business may have a significant program for animal welfare, while another where that topic is not relevant may be more focused on sustainable packaging.
While Post acknowledges the need for enterprise-wide commitments, we utilize a strategic business-by-business approach for policies, programs, and processes to optimize attention and resources for greatest impact and business value.
BOARD OF DIRECTORS
The Audit Committee of the Board of Directors (the Board) of Post Holdings has ultimate oversight of our ESG strategy and initiatives, as well as other social issues important to our constituents. The Board also reviews our annual ESG reports, and considers significant ESG trends that may represent material financial exposure or risk to the company.
Our ESG strategy and initiatives are led by our Executive Management in collaboration with Investor Relations and ESG Directors, with strategic inputs from the ESG Steering Committee and ESG Operations Council.
ESG STEERING COMMITTEE
The ESG Steering Committee is a group of senior leaders from across the company who lead the development of our ESG strategy and recommend goals, policies, practices and disclosures that align with our strategy. The committee evaluates emerging ESG matters that affect the company’s businesses, operations, performance or reputation. The committee communicates regularly with the Post Holdings’ Executive Management and the ESG Operations Council, as well as with the chief executive officers of each company.
ESG OPERATIONS COUNCIL
The ESG Operations Council consists of technical influencers from each business with members from operations, environmental health and safety, legal and procurement teams and works in partnership with the ESG Steering Committee to:
- Provide operational perspectives on proposed strategies, goals, policies, practices, and disclosures and the implications for our production facilities and distribution.
- Align on technical elements of ESG program implementation.
- Share best practices and technical expertise between businesses.
- Ensure a consistent and effective flow of ESG information throughout the enterprise.
ESG Governance Structure
- In this Section
- Code of Conduct
- ESG Oversight