The Council’s role is to:
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 Carolyn Coon, TWE’s Global Director Corporate Affairs.
The CR materiality assessment highlighted 20 priority ESG topics, which informed the formation of the CR framework key pillars - Performance, Planet, People and Product. Progress made against these identified topics is reported annually through TWE's Sustainability Report.
For a full description of TWE's material business risks and relevant mitigating actions undertaken by the Company please refer to the Operating and Financial Review of the 2019 Annual Report.
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 F19 Communication on Progress was submitted alongside the Company's 2019 Sustainability Report.
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:
TWE acknowledges the challenges and impacts posed by climate change and the opportunities and risks (both physical and transitional) it presents for the Company. During F19, TWE considered in detail the recommendations of the TCFD. In particular, the Company conducted a detailed gap analysis and benchmarking of TWE’s existing frameworks, practices and disclosures against the TCFD recommendations and current market practice.
Read TWE's response to the TCFD recommendations here or view the 2019 Sustainability Report.
As part of its corporate governance responsibilities, the Board oversees the Company's approach to, and management of ESG matters, and as part of this overight receives bi-annual updates from the CR Council on the CR framework and status of key priorities.
The Board also has oversight of the Company's key ESG disclosures, including the Sustainability Report (which in 2019, has been reviewed and approved by the Board), the UN Global Compact Communication on Progress, and the Board-approved Statement on Human Rights and Modern Slavery.
Please visit the Corporate Governance section of this website for more information.