Sustainability Report 2020
16
Sustainability
Report
2020
PETSTAR
Calidad
1 PVC
2 P
Uppn Ab Upps Aly on A2
Wypm Atv Alopm A1 y
PORLAG 10:32
A Vienodate 082 Abv 0.824
Abx 18 AS y 829 AD
Pole su
7 PET Priks ta
Racha
(2)
2
17% ATINAL NA
200m Abe 110
AT y 1 AV...
A Adv 100 EyKINEZ
50 MCP
11 Ma
12
12 SAM
14 De
13 Eps Ai Coands
Seguridad
0
ALPL d
Creating value Who we are? |
Accelerating actions
to achieve the SDGs
| People | Planet | Prosperity | Peace | Partnerships | Appendices
E>
Creating value | Who we are? Accelerating actions | People | Planet | Prosperity | Peace | Partnerships | Appendices
to achieve the SDGs
Structure of the Board
of Administration
The Board of Administration is our highest management body and is made up of
ten directors, each with an alternate. These directors are shareholders, partners,
collaborators or officers of a shareholder (or person affiliated with them), so there
are no independent directors, and no remuneration has been established for
them. The Chairman of the Board of Administration does not hold an executive
position within PetStar.
We have 3 types of shareholders with the right to appoint members of the Board:
I. Arca Continental has the right to 4 members within the Board of Administration
and the appointment of its Chairman.
II. Coca-Cola de México has the right to 3 members within the Board of
Administration.
III. Bepensa Bebidas, Corporación del Fuerte, Corporación Rica, Grupo
Embotellador del Nayar and Embotelladora de Colima, may have 3 members on
the Board of Administration.
Committees within the Board
of Administration
Audit and Corporate Practices Committee.- consists
of 6 members and their respective alternates, with
2 being designated for each 1 of the different types
of shareholders; the President of this committee is
appointed by all its members.
Technical Committee.- made up of 4 members and
a General Director. The 4 members are appointed as
follows: Arca Continental, two; Coca-Cola de México,
one; and the last one is appointed by the other
shareholders.
Corporate Affairs and Sustainability Committee.-
It is made up of 4 members and the CEO. The
appointment of the Directors follows the same nature
as that of the Technical Committee.
Compensation for Senior Management is determined
within the Board of Administration based on
compliance with the previously authorized work plan.
Similarly, communication issues are evaluated, and
the Sustainability Report is approved. The General
Director reports to the Board of Administration
through a monthly written report and by appearing in
person at quarterly Board meetings where the impacts,
risks, and opportunities of an economic, social, and
environmental nature are analyzed.
Mechanisms of operation
Financial and Tax,
Environmental, Social and
Information and communication systems in the Governance Risk Management
company are a fundamental element for the
achievement of strategies and objectives.
On the one hand, they allow the correct measurement
of all the transactions carried out in the operation
of the company in all its areas (manufacturing,
human capital, administration and finance, logistics,
communication, and social responsibility) generating
concrete results that guide management and to
shareholders.
On the other hand, they keep the communication flow
moving through various technological tools, at all
levels of the organization, supporting the interaction
of its participants to achieve the goals.
Finally, they manage to maintain a knowledge base
that is used to look through and provide feedback on
the actions taken by the company's management and
to protect resources and capitalize on experience.
The management of the financial information of
PetStar SAPI de CV is issued in accordance with the
Financial Reporting Standards and is audited by Ernst
& Young Global Limited, who in turn validate the
correct tax management through the tax opinion that
is presented to the authority.
As part of the risk management of the company, at
PetStar we form an Internal Risk Committee of IMCR
(Incident Management and Crisis Resolution) which
is made up of the General Director and Area Directors
of the company in order to analyze and determine
procedures for risk control in the operation, business
continuity and brand reputation. The committee meets
once a month and is linked to the IMCR Committee of
the Mexican Coca-Cola Industry (MCCI).
Since the declaration of the health pandemic due
to COVID 19, in March 2020 the management of
this committee has been on a daily basis with the
focus on assessing health risks and key indicators to
ensure business continuity, safety and well-being of
staff, as well as to comply with the delivery program
to customers to ensure that they continue to offer
sustainable packaging to society.
GRI
HB
GRI 102-35, 102-36,
102-37.
GRI
102-11, 102-15, 102-29,
102-30, 102-31.
Sustainability
Report
2020
PETSTAR
17
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