Nestlé in society Creating Shared Value and meeting our commitments 2015

Recommendations

Info

Nestlé in society: Creating Shared Value Nutrition, health and wellness Rural development Water Environmental sustainability Human rights and compliance Our people General Standard Disclosures Page number (or link) Identified omission(s) Reason(s) for omission(s) Explanation for omission(s) External assurance G4-43 Our executive board members do not receive separate formal training on CSV issues as CSV is embedded in our business management, and thus a core part of their role. To ensure all CSV issues are governed appropriately external experts in CSV issues are a part of our governance model, see: NiS: Our governance and advisory structure > Nestlé Creating Shared Value Council p21–22 NiS: Our governance and advisory structure > The Nestlé Nutrition Council p23–24 Many of our most senior people, including our Chairman, play a leading role in various multistakeholder initiatives relevant to CSV issues, such as the 2030 Water Resources Group (2030 WRG). See: AR: Board of directors p56 G4-44 CGR: Principles of compensation for members of the Executive Board p28 and p29 CGR: Internal organisational structure p12 and p13 Newly appointed Board members receive an appropriate introduction into the business and affairs of the Company and the Group. If required, the Nomination Committee arranges for further training. It reviews, at least annually, the independence of the members of the Board and it prepares the annual self-evaluation of the Board and its Committees. It oversees the long-term succession planning of the Board. The Company performs annual self-evaluation of the Board and its Committees including Confidential, anonymous feedback and individual interviews. G4-45 AR: Principal risks and uncertainties, Group risk management p51 CGR: Changes in the governance system in 2016 p28 NiS: Materiality p12–17 Key risks are identified by ERM and Exec Board, and these are then matched with the risks identified through the materiality process, which incorporates stakeholder opinion. G4-46 AR: Principal risks and uncertainties, Group risk management p55 CGR: Changes in the governance system in 2016 p28 Yes, see assurance statement p295 No Yes, see assurance statement in CFS p136 Yes, see assurance statement in CFS p136 G4-47 AR: Principal risks and uncertainties, Group risk management p55 Yes, see assurance statement in CFS p136 G4-48 The full Creating Shared Value report is signed off by Janet Voûte, Vice President, Global Head of Public Affairs, and Eugenio Simioni, Corporate Communications Director. The printed Nestlé in society – Creating Shared Value and meeting our commitments 2015 was reviewed by the CEO and Chairman. G4-49 AR: Principal risks and uncertainties, Group risk management p51 HRC: Compliance: Tell us – our external compliance reporting system p245 NiS: Business principles and governance > Our governance and advisory structure p20–24 Critical concerns are reported through the compliance committee (which is a sub-committee of the Executive Board). Yes, see assurance statement p295 Yes, see assurance statement in CFS p136 Nestlé in society – Creating Shared Value and meeting our commitments 2015 304
Nestlé in society: Creating Shared Value Nutrition, health and wellness Rural development Water Environmental sustainability Human rights and compliance Our people General Standard Disclosures Page number (or link) Identified omission(s) Reason(s) for omission(s) Explanation for omission(s) External assurance G4-50 AR: Compliance p60 HRC: Compliance > Reporting of compliance violations p244–246 The Print report goes to the NiS Board. G4-51 CGR: Compensation report p27–43 Creating Shared Value issues (covering economic, environmental and social criteria) are included in the company’s business plans. Senior executives are assessed against the business plans. Indicator omitted. The information is currently unavailable We are looking at how this data can be collected and our target is to include it in our 2017 CSV report. G4-52 CGR: Compensation report p27–44 No G4-53 CGR: Compensation report p27–44 In regards executive compensation we have identified our shareholders as the key stakeholders for this issue. The Board of Directors solicits feedback from investors annually on the compensation system and follows a strategy of continuous improvement with respect to investor concerns and transparency. As from 2015, shareholders will approve the total compensation of the Supervisory Board and the Management Board in a binding vote in accordance with the new Articles of Association adopted on April 10, 2014. G4-54 The median of the total annual compensation of all employees, except the CEO is CHF 48 782.09. The total annual compensation of the CEO is CHF 9 067 949 in 2015. The ratio of the annual median employee compensation to the total annual CEO compensation is: 185.88. Accompanying notes: For total 2015 CEO compensation please see p42: http://www.nestle.com/asset-library/ documents/library/documents/corporate_governance/corp_governance _report_2015_en.pdf Median is estimate based on Company total worldwide salaries and welfare expenses of CHF 16 342 million and average number of employees of close to 335 000 - see p93 of the Financial Statements 2015. http://www.nestle.com/asset-library/documents/library/ documents/financial_statements/2015-financial-statements-en.pdf The ratio of the annual median employee compensation and the total annual CEO compensation is distorted due to worldwide salary difference. The Board of Directors solicits feedback from investors annually on the compensation system and follows a strategy of continuous improvement with respect to investor concerns and transparency. As from 2015, shareholders will approve the total compensation of the Supervisory Board and the Management Board in a binding vote in accordance with the new Articles of Association adopted on 10 April 2014. Breakdown by zone. The information is currently unavailable We are looking at how this data can be collected and our target is to include it in our 2017 CSV report. No No No No Nestlé in society – Creating Shared Value and meeting our commitments 2015 305
Page 1 and 2:
Nestlé in society Creating Shared
Page 3 and 4:
Nestlé in society: Creating Shared
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
Page 235 and 236:
Page 237 and 238:
Page 239 and 240:
Page 241 and 242:
Page 243 and 244:
Page 245 and 246:
Page 247 and 248:
Page 249 and 250:
Page 251 and 252:
Page 253 and 254: Nestlé in society: Creating Shared
Page 303: Nestlé in society: Creating Shared
Page 351: Nestlé in society: Creating Shared
show all

Nestlé in society Creating Shared Value and meeting our commitments 2015

Create successful ePaper yourself

Delete template?

Save as template?