Premium Brands Holdings Corp

Lobbying Governance

AI Extracted Evidence Snippet Source

The Corporate Governance and Nominating Committee, members of which are appointed by the Board, is tasked with overseeing the Company's progress in identifying risks and opportunities and implementing sustainability initiatives with respect to ESG-related matters. The Compensation and Human Resources Committee, members of which are also appointed by the Board, ensures that effective human resources and compensation policies are in place for the Company and is responsible for reviewing and following up on any HR matters raised through the Company's whistleblower process or ethics hotline. The Corporate ESG Committee is responsible for: (i) the identification of ESG-related risks and opportunities; (ii) the development of ESG-related policies and objectives; (iii) overseeing the execution of ESG-related initiatives, including the Company's sustainability strategy; and (iv) public disclosure on ESG-related matters. Its members consist of Premium Brands' CEO, CFO, and executives from various disciplines, as well as leaders from some of the Company's businesses. Other Corporate Senior Executives are also engaged on relevant ESG-related matters as needed. The Corporate ESG Team is responsible for: (i) managing the execution of the corporate ESG program; (ii) supporting the Corporate ESG Committee and the Company's individual businesses with their ESG responsibilities; (iii) compiling ESG-related data from all the Company's businesses; (iv) on-boarding new business acquisitions to the Company's ESG programs; and (v) supporting the Company's ESG reporting processes including ensuring that the Corporate ESG Committee is kept abreast of any new or anticipated ESG disclosure requirements. Senior Management Teams at each of the Company's businesses are responsible for the performance of all aspects of their respective business, including those relating to ESG matters. They: (i) drive business-level ESG programs; (ii) submit monthly reports to the Corporate ESG Team tracking ESG-related metrics; (iii) meet with the Corporate ESG Committee twice a year to review their progress, successes and challenges relating to ESG matters; and (iv) update the Company's senior executive team on ESG-related initiatives five times a year. Business ESG Teams assist the Senior Management Teams within their respective businesses with the carrying out of their ESG-related responsibilities and initiatives, and indirectly report to the Corporate ESG Committee. These teams are generally led by the business' CFO and are comprised of a cross-functional group of employees from various levels within the organization.

https://premiumbrandsholdings.com/pdf/ESG/PBHC-ESG-report-2024.pdf