We continue to develop our corporate governance practices to ensure that we meet regulatory requirements, company policies and industry best practices, but we also consider related recommendations from institutional shareholders and interested stakeholders.
The following topics are summarized on†the†Board of Directors†page:
- Agriumís governance structure, including committees of the Board;
- independence of Board Directors and Chair;
- mechanisms for shareholders and employees to provide input to the Board;
- the linkage between executive compensation and Agriumís performance;
- processes to ensure conflicts of interest are avoided;
- processes for determining qualifications of Board members; and
- how the Boardís performance is evaluated.
The Board committee most directly involved in sustainability issues is the Environment, Health, Safety & Security Committee. Other sustainability issues are brought to the Human Resources & Compensation Committee or full Board as necessary.
The following diagram summarizes our governance structure for sustainability management.The following elements are fundamental to strong governance of sustainability issues at the level of attention they deserve:
Agriumís EHS&S Policy
Agrium is committed to the health and safety of our employees, contractors, customers and neighbors; the security of our employees, products and facilities and the quality of the environment. Agrium promotes business practices that respect the value of human life and that minimize ecological impacts.
We believe that our employees are our greatest assets and that keeping them safe, healthy and secure is our highest priority. We believe our safety culture starts with the top organizational leadership and extends to all who work for Agrium. We are committed to regularly evaluating and eliminating workplace hazards and providing high-quality employee training and equipment.
We believe that our responsibilities arise from strong, continuously improving business systems that extend beyond meeting regulatory requirements. We are committed to the implementation of our Environment, Health, Safety and Security Management Systems at all levels of the organization. We are committed to conducting frequent and rigorous assessments at all locations to ensure conformance with our systems and to applicable regulatory requirements.
We believe that environmental protection at our facilities is maximized through improved use of energy and natural resources and the effectiveness of our control programs. We are committed to implementing best management practices that address the impacts our business has on the environment.
We believe that product stewardship requires a partnership with our customers to minimize product hazards and the environmental impacts of our products. We are committed to the development, marketing and selling of products and services that are safe, energy efficient, and protective to the environment.
We believe that our neighbors and communities have high expectations for our business and expect that we will operate in a responsible and transparent manner. We are committed to seeking input on matters affecting our neighbors and the community; we will act quickly and responsibly to address concerns and we will communicate our results.
EHS&S Committee of the Board
The Board committee most involved in sustainability issues is the Environment, Health, Safety & Security (EHS&S) Committee.
Read the†EHS&S Committee Charter.
Recognizing that Agrium has distinct business divisions and operations in a number of countries, we empower divisions to set policies to address specific regional or cultural variations. However, to instill a consistent Ďtone from the topí we have designated 16 entity-wide policies, including: our Code of Business Conduct and Ethics; Government Relations; Anti-fraud; Diversity; Harassment and Workplace Violence; Political Donations; and EHS&S; among others.
Our Community Outreach Policy requires each production facility to develop a community outreach plan and to provide timely information to the community.
The Corporate Social Responsibility Committee and the Corporate EHS&S Committee, both with Senior Leadership Team membership, set priorities, monitor performance, and investigate long-term targets in conjunction with the corporate groups. The strategic management of sustainability is shared among numerous corporate groups: Sustainability & Stakeholder Relations, EHS&S, Human Resources, Investor Relations and Legal, among others. These groups monitor best practices, develop policies and standards, and support business units. The daily management of sustainability commitments and implementation of programs is guided by business unit leaders.
Policies and Our Code
Company-wide policies guide our behavior and address issues including:
- harassment and workplace violence;
- diversity and inclusion;
- privacy; and
Our Code of Business Conduct & Ethics addresses conflicts of interest; fair dealing; corruption; and other ethical issues.
The Corporate Human Resources (HR) group is responsible for the governance and oversight of employee programs and services. Each business unit has a head of HR who is responsible for employee program implementation. Agrium's Corporate EHS&S group is responsible for providing corporate guidance and governance with respect to safety and health; however, management at all levels is explicitly responsible and accountable for safety management and performance, including employee safety.
Human Resources and Compensation Committee of Board
The Board committee most involved in employee issues is the Human Resources and Compensation Committee. View†Human Resources & Compensation Committee of Board Charter.