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Home >>> Sustainability
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| Corporate sustainability committee |
Sonoco has a strong record in the area of corporate sustainability, reflecting the company’s recognition that sustainability is an important issue to our customers, shareholders, employees and other key stakeholders. In 2005, Sonoco identified the need for a more comprehensive approach for the future and formed a corporate sustainability committee with the overarching goal of ensuring Sonoco’s leadership position in sustainability by continuing to integrate the concept into the company’s business strategy and culture.
Committee purpose The purpose of the Sonoco corporate sustainability committee is to provide oversight, guidance and direction on social, community and environmental issues that have potential impact on the reputation and long-term economic viability of the company and our stakeholders. Through our actions, we contribute to the economic and social well-being of our stakeholders.
The committee reports to and is sponsored by the Sonoco chairman, president and CEO. The committee reports on Sonoco’s sustainability activities, at least annually, to the board of directors.
Committee objectives:
- Identify and define those issues that are relevant to Sonoco's long-term sustainability and image as a good corporate citizen
- Establish meaningful corporate long-term goals and short-term sustainability objectives related to key areas of focus and provide Sonoco’s executive committee with meaningful recommendations or guidance on how to meet these objectives
- Recommend and establish new company guidelines, policies or processes to support areas of focus
- Create and communicate a business case for corporate sustainability
- Provide recommendations for the company’s philanthropic efforts in support of overall corporate sustainability objectives
Sonoco’s strategic mission statement is to be the low-cost global leader in providing customer-preferred packaging solutions to selected value-added segments, where we expect to be either number one or two in market share. Shareholder return, customer and employee satisfaction, commitment to excellence, integrity, environmental stewardship and a safe workplace will be the hallmarks of our culture.
The company’s focus on sustainability is directly linked to and in support of its mission statement. We believe that initiatives around enhancing our reputation, being a strong corporate citizen, providing a good place to work and being a good steward of our environmental resources will make us a stronger, more competitive company, better able to support and satisfy our broad customer base and provide shareholders with average annual double-digit total returns.
In today’s competitive global marketplace, the issues relevant to supporting sustainability are directly linked to Sonoco’s long-term profitability and viability. We believe that sustainability and business success are not only compatible but are inextricably linked and that by embracing both, we will benefit our shareholders for the long term.
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