In 2021, the focus was on bringing our Ethics and Compliance (E&C) function closer to the business by fully embedding our compliance standards into business operations. Although COVID-19 continued to hamper physical contact with our businesses, the E&C function managed to organise a significant number of training and awareness sessions.
The team finalised our conflicts of interest disclosure process, covering all employees with system access (approximately 5,500 people). This helped raise awareness about the issue and reminded people of their duty to disclose any (potential) conflicts to the next level management in order that proper measures can be considered and taken.
Following their introduction in 2020, Compliance Culture Assessments were completed across Nutreco. This soft controls survey provided insights into the strong and weaker aspects of the local compliance culture and provided tools for management teams to enhance soft controls within their organisations. In the first quarter of 2022, Nutreco Asia will hold their survey, after which the entire organisation will be covered.
Surveys were discussed with management, after which management responses and action plans were drafted.
We have performed or validated compliance risk assessments on anti-bribery and corruption and on competition law compliance. These serve to map developments in the company’s risk profile on these topics and put in specific activities to mitigate risk.