Ardo CSR rapport 2024 - Flipbook - Page 71
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
Sustainability
Sustainability
statements
statements
2. Advisory committees
True to the principles of good corporate governance, we instated two
sustainable growth goals, the preservation of nature’s gifts and the
The Audit Committee consists of five members:
advisory committees that support the Board of Directors in monitoring
environment. SRM ensures alignment between our business strategy
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Stefaan Decraene, Chairman
and evaluating financial and non-financial risks, as well as the
and sustainability strategy.
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Jules Noten, Member
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Jan Haspeslagh, Member
The Audit Committee will monitor the reduction and avoidance of
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Louis Dhondt (TNFO), Member
Audit Committee
any negative environmental impact of our activities. For example, by
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Liesbeth Haspeslagh, Member
The Audit Committee assists and advises the Board and monitors:
reducing the use of natural resources, cutting carbon emissions, and
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The internal control and risk management systems
carefully controlling the use of plant protection products. The Audit
The Committee’s agenda is prepared by the Chairman in cooperation
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The soundness and reliability of financial reporting
Committee’s evaluation demonstrates a close alignment between
with the CFO.
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Compliance with the statutory provisions and regulations,
our sustainability objectives and profit targets and endorses the
internal procedures, and corporate business principles
sustainability goals that we are working towards.
nomination and remuneration of the management team.
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The appointment, performance, and independence of Ardo’s
Nomination and Remuneration Committee
The role of the Nomination and Remuneration Committee consists of
external auditors and the performance of any internal audit
In November 2022, we successfully concluded our first sustainability-
assisting the Board in all matters relating to the (re)appointment and
operations.
linked loan (SLL), with the main objective of harmonising and
performance review of members of the Board and the management,
simplifying the company’s debt structure and making the company’s
as well as in all matters in which the board is looking for advice.
To perform its task, the audit committee may request information
financing future proof. This deal fits well with our “Horizon 2025”
from any director, manager, or employee. The board and management
strategy, which is based on a value-driven approach, focusing
On the other hand, their role is to lay down the general principles
will urge these people to cooperate.
on sustainable growth, and improving profitability. Based on our
of remuneration policy for staff and to fix the remuneration of the
dual ambition to feed the future while preserving nature’s gifts,
members of the daily management.
Supported by management, the Audit Committee also assesses non-
sustainability is strongly embedded throughout our corporate strategy
financial risks and evaluates the ‘double materiality’ impact for our
and day-to-day decision-making. With this deal, we incorporate
The Nomination and Remuneration Committee consists of three
company, considering the company’s business plan as well as its
sustainability into our finance strategy, an approach that was well-
members:
influence on society and the environment.
received by the lenders.
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Connie Vandendriessche, Chairwoman
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Jan Vander Stichele, Member
Given the growing emphasis on climate in both business and society,
The setup of this SLL is linked to two environmental KPIs: Carbon
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Els Thermote (TNFO), Member
Sustainability Risk Management (SRM) is gaining significance. At Ardo,
footprint reduction (Scope 1 & 2) and residue-free products, impacting
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Michel Haspeslagh, Member
we use SRM to maintain the proper balance between our corporate
the financing margin grid.
