Holcim applies high standards to corporate governance. The goal is to assure the long-term value and success of the company in the interests of various stakeholder groups: customers, shareholders, employees, creditors, suppliers, and the communities where Holcim operates.
Our corporate governance ensures integrity and long-term value
Our Code of Business Conduct ensures that all directors, officers and employees share Holcim's commitment to conducting business with integrity, and provides guidance on how to put this commitment into practice. It also helps to ensure that we are adhering to the laws and regulations in the countries in which we operate. Of equal importance to Holcim is how suppliers we work with conduct their business in the marketplace. We strive to ensure all suppliers behave in accordance with principles set forth in the Holcim Supplier Code of Conduct, particularly when it comes to human rights, labor-related issues, the environment and anti-bribery and corruption. Holcim corporate governance policies seeks to ensure:
- transparent and sustainable value creation by clearly delineating responsibilities, management processes and organization,
- continuous monitoring of the Board of Directors’ performance and efficiency,
- appropriate decision-making relating to policy principles and controls.
We apply high standards to corporate governance, with the goal of ensuring the company’s long-term value and success for all stakeholder groups: customers, shareholders, employees, creditors, suppliers and the communities in which we operate. The committee decides on the compensation paid to management and directors according to market developments. It systematically informs shareholders of the criteria used to set corporate officers’ compensation.
HOLCIM GOVERNANCE APPROACH FOR CLIMATE-RELATED RISKS AND OPPORTUNITIES
The Board of Directors has the ultimate responsibility for strategy and overall governance of the company.
The HSSC advises the Board of Directors on all matters related to sustainable development, including those related to climate and energy. The HSSC reviews and approves the company’s climaterelated plans and targets.
The Committee consists of four members of the Board of Directors. The Chairperson of the Board of Directors (unless a member of the HSSC), the Group CEO, Chief Sustainability & Innovation Officer (CSIO), Head of Legal and Compliance, Head of Security and the Head of Health, Safety and Environment participate as standing guests. The committee meets at least quarterly.
The Executive Committee is ultimately responsible for execution of the climate and energy strategy, and climate-related issues are managed on an operational level by the CSIO, an Executive Committee-level position. The CSIO is supported by a sustainability core team.
The sustainability core team is a cross-disciplined department which is responsible to develop and oversee the deployment of Holcim’s sustainability strategy. The R&D team also plays a key role, with more than half of the time spent by our researchers at the Innovation Centers in Holderbank, Switzerland and Lyon, France, dedicated to low-carbon products and more than 45% of our patents currently in this area and a further 20% related to other sustainability topics.