Oversight of ESG

Oversight of ESG

With strategic guidance and direction provided by our Chairman, President and CEO, responsibility over ensuring that we continue to make meaningful progress toward achieving our 2025 sustainability goals resides with our Vice President and General Manager of our Retail Branding and Information Solutions (RBIS) business. Our Vice President and General Manager of RBIS also leads our enterprise-wide Sustainability Council. The Council is comprised of a cross-divisional and cross-functional group of leaders to drive broad accountability and continually accelerate our progres. The Council has four work streams to help focus its efforts, each of which is led by an internal leader from one of our businesses: operations; technology and innovation; products and solutions; and social impact and transparency. The Council generally meets bimonthly and updates our executive leadership team quarterly. 

Board oversight over environmental sustainability and community investment is primarily conducted by the Governance Committee, which receives a report from management on each of these topics at least once a year. In addition, our full Board engages with business leaders on their sustainability initiatives during its regular review of their business strategies. In July and December 2020, our Board held strategy sessions focused on environmental sustainability and our innovation efforts to address the increasing need and demand for more sustainable products. 

Board oversight over social sustainability is conducted primarily through the Compensation Committee, which regularly reviews our diversity and inclusion progress and discusses other matters related to human capital management. In December 2020, substantially all members of our entire Board engaged with, and challenged, management in an in-depth discussion of our D+I journey, including by reviewing the initiatives being undertaken by each of our Regional D+I Councils and analyzing D+I statistics for our executive leadership team and our U.S. workforce. 

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