The Board of Directors of PPC S.A. is responsible for adopting and approving this Policy, as well as for approving any revisions thereof, as well as overseeing its implementation, with the support of the Sustainability Committee and the Sustainability Division (SU/Di).
The Boards of Directors of the Group’s Companies are responsible for adopting and approving the Policy, appropriately adapted to the nature, scope, and complexity of their activities, taking into account the applicable regulatory framework of their country/sector of operation and the needs of the stakeholders affected by their activities.
The Sustainability Committee develops the Group’s Sustainable Development Policy, following proposals from the Sustainability Division and is responsible for informing the Board of Directors and submitting to the Board any revisions of the Policy for approval.
With the support of the Su/Di, the Sustainability Committee reviews the alignment of the Policy with the Group’s material sustainability issues, as identified through the Double Materiality Assessment, monitors and assists the Group’s Management in its implementation, and, when deemed necessary, makes decisions regarding its application.
The Su/Di is responsible for monitoring and supporting the implementation of the Group’s Sustainable Development Policy, in collaboration with the respective competent organisational units / bodies of PPC S.A. and the Group. It informs the Sustainability Committee on its implementation, identifies risks and opportunities that may arise and proposes actions to ensure its more effective implementation.
It provides technical and scientific support to the Sustainability Committee, the Board of Directors, and Management regarding the formulation, consistent implementation, and annual evaluation of the Policy, as well as of matters requiring further review and revision.
It collaborates with the Compliance and Corporate Governance Department and the other competent Departments whose areas of responsibility intersect with the Sustainable Development regulatory framework, and submits proposals to the Board of Directors and Management to ensure that the Policy complies with the applicable legal framework, as well as European and international standards for sustainable development.
It collaborates with, informs, and supports the subsidiaries in implementing the Group’s Sustainable Development Policy, or their respective corporate Sustainable Development Policies, through the relevant Sustainable Development units, following approval by the Board of Directors of each Company. The Su/Di monitors and stays informed about the implementation of the corresponding Policies by the Group’s subsidiaries, providing relevant updates to the Group’s Management, whenever requested.
The Sustainable Development Policy may be revised, in whole or in part, due to changes in the regulatory framework, shifts in the Group’s strategy and priorities, transformation or expansion of the Group’s activities, the emergence of new issues deemed material to stakeholders, or the adoption of internationally recognised best practices.