Corporate Responsibility Governance

Corporate Responsibility Governance

Global Corporate Responsibility Council

The Global Corporate Responsibility (CR) Council (the Council) is the CR program’s governing body, with oversight of the CR program and its strategy.

The Council’s role is to:

  • determine the strategic direction of the CR program;
  • identify CR related risks and opportunities and determine how they may be managed;
  • make CR related policy decisions for the business;
  • report CR matters to management and the Board, and other business areas as required; and
  • assist in the execution of CR activities.

The Council comprises several members of the Company’s Executive Leadership Team, including the Chief Executive Officer (CEO), and senior representatives from regional and functional areas of the business. The Council is chaired by Tim Ford, TWE’s Deputy Chief Operating Office.

Materiality Assessment

In F18, the Global Corporate Responsibility (CR) Council reviewed the CR program, considering the Company's vision, strategy and business priorities. This review was supported by a comprehensive CR materiality assessment.

A range of internal and external stakeholders including employees, suppliers, customers, consumers, investors and members of the public sector participated in the CR materiality assessment. These stakeholders were asked to provide views on a range of environmental, social and governance (ESG) topics, in terms of the significance of these topics to them, and to TWE. Stakeholders were also surveyed on their views f of CR and sustainability, reporting, and communication. A sample of respondents participated in follow-up interviews to further expand on their views.

The CR materiality assessment was a process undertaken to inform TWE of its stakeholders’ views on ESG topics. Priority ESG topics identified through the CR process are therefore not necessarily the business’s material risks. TWE's material business risks can be found in the Operating and Financial Review of the 2018 Annual Report.

External Frameworks

United Nations Global Compact

TWE is committed to integrating the Global Compact’s ten principles on human rights, labour, the environment and anti-corruption into its business operations and supplier base. TWE are a member of local chapter Global Compact Network Australia.

TWE’s F18 Communication on Progress is submitted as an integrated part of the F18 Sustainability Report.

United Nations Sustainable Development Goals

Seven of the 17 Sustainable Development Goals (SDGs) have been identified as the Company’s priority SDGs. These SDGs were identified as having the most impact on, and being most closely aligned to, the Company’s vision and strategy, and are:

  • Goal 3: Good health and well-being
  • Goal 5: Gender equality
  • Goal 6: Clean water and sanitation
  • Goal 7: Affordable and clean energy
  • Goal 12: Responsible consumption and production
  • Goal 13: Climate action
  • Goal 17: Partnership for the goals

Corporate Governance 

Good corporate governance and transparency in corporate reporting are a fundamental part of TWE’s culture and business practices and are vital in supporting TWE’s vision of becoming the world’s most celebrated wine company.

Effective governance practices and processes are critical to creating and delivering value to our shareholders; promoting investor confidence; and underpinning effective decision making, accountability, and transparency across our business.

Please visit the Corporate Governance section of this website for more information.

Corporate Governance Page