Ardo CSR rapport 2023 - Flipbook - Page 87
We are Ardo
The path to a more
sustainable food system
Minimal environmental
impact
Agronomy
MIMOSA+
Food safety, quality
and innovation
Respect for
our employees
Relationship with
our stakeholders
Good governance
4. Advisory committees
True to the principles of good corporate
governance, we have instated two advisory
committees that support the Board of Directors
in monitoring and evaluating financial and nonfinancial risks, as well as the nomination and
remuneration of the management team.
Given the growing emphasis on climate in both business and society,
The setup of this SLL is linked to two environmental KPIs: Carbon
Sustainability Risk Management (SRM) is gaining significance. At
footprint reduction (Scope 1 & 2) and Residue-free products,
Ardo, we use SRM to maintain the proper balance between our
impacting the financing margin grid.
corporate sustainable growth goals, the preservation of nature’s gifts
and the environment. SRM ensures alignment between our business
The Audit Committee consists of four members:
strategy and sustainability strategy.
- Stefaan Decraene, Chairman
- Jules Noten, Member
Audit Committee
The Audit Committee will monitor the reduction and avoidance of
- Jan Haspeslagh, Member
The Audit Committee assists and advises the Board and monitors:
any negative environmental impact of our activities. For example, by
- Ignace Haspeslagh, Member
- The internal control and risk management systems
reducing the use of natural resources, cutting carbon emissions and
The Committee’s agenda is prepared by the Chairman in cooperation
- The soundness and reliability of financial reporting
carefully controlling the use of plant protection products. The Audit
with the CFO.
- Compliance with the statutory provisions and regulations,
Committee’s evaluation demonstrates a close alignment between
internal procedures and corporate business principles
- The appointment, performance and independence of Ardo’s
our sustainability objectives and profit targets and endorses the
Nomination and Remuneration Committee
sustainability goals that we are working towards.
The role of the Nomination and Remuneration Committee consists of
external auditors and the performance of any internal
audit operations.
assisting the Board in all matters relating to the (re)appointment and
In November 2022, we successfully concluded our first
performance review of members of the Board and the management,
sustainability-linked loan (SLL), with the main objective of
as well as in all matters in which the board is looking for advice.
In order to perform its task, the audit committee may request
harmonising and simplifying the company’s debt structure and
On the other hand, their role is to lay down the general principles
information from any director, manager or employee. The board and
making the company’s financing future proof. This deal fits
of remuneration policy for staff and to fix the remuneration of the
management will urge these people to cooperate.
well with our Horizon 2025 strategy, which is based on a value-
members of the daily management.
driven approach, focusing on sustainable growth and improving
87
Supported by management, the Audit Committee also assesses non-
profitability. Based on our dual ambition to feed the future while
The Nomination and Remuneration Committee consists of
financial risks and evaluates the ‘double materiality’ impact for our
preserving nature’s gifts, sustainability is strongly embedded
three members:
company, taking into account the company’s business plan as well
throughout our corporate strategy and day-to-day decision-making.
- Connie Vandendriessche, Chairwoman
as its influence on society and the environment.
With this deal, we incorporate sustainability into our finance
- Jan Vander Stichele, Member
strategy, an approach that was well-received by the lenders.
- Marc Haspeslagh, Member
