Statutory Section
We champion long-term value creation for our diverse stakeholders through a robust and fair governance mechanism, which permeates our practices with integrity, transparency, and ethical conduct. Leveraging these pillars, we adhere to ethical standards and propagate our core values across the business.
To achieve this target, we have organized policies, frameworks, and a diverse management structure, optimized our business practices and ensured high standards of ethics and integrity, and pursuing outperformance by consistently going beyond just compliance.
With a sharp focus on meeting regulatory compliance and aligning governance mechanisms with sustainability objectives, we ensure the highest standards of governance. Guided by a highly engaged Board and leadership team, our commitment to ethical behavior and sustainable practices aims to create smiles not only for our current stakeholders but for generations to come.
Our Board of Directors (Board) views sustainability as being critically important to Colgate's overall business and growth strategy and our Board plays an essential role in guiding and overseeing that strategy. As we work to integrate sustainability into all aspects of our business, our Board addresses sustainability in its oversight of the implementation of Colgate's strategic plan, annual budget, capital expenditures, capital structure and innovation plans and is kept abreast about the Company's sustainability efforts, including as they relate to climate change, during reviews of our operating divisions, product categories and competitive and marketplace trends.
As we work to achieve Colgate's purpose of reimagining a healthier future for all people and our planet, Colgate People share a commitment to our corporate values. Underlying these values and our strong culture is the commitment of all Colgate People to maintain the highest ethical standards and demonstrate ethical leadership, including compliance with Colgate policies and our Code of Conduct.
We are committed to maintaining the highest level of trust and integrity, internally and externally, including providing an inclusive environment for our employees. Our Code of Conduct guides Colgate People with principles that reflect our values and set standards for our ethical behavior. While our values and principles are enduring, our Code of Code is regularly updated to ensure it addresses the changing context of our business. Our job as Colgate People is to make sure our behavior and decisions always live up to our Code of Conduct.
Each employee is responsible for complying with our Code of Conduct, our Global Business Practices Guidelines, Company policies and all applicable laws. By fully integrating ethics and compliance in our ongoing business relationships and decision-making, we demonstrate a commitment to a culture that promotes the highest ethical standards. This has enabled our parent organization, Colgate-Palmolive Company, US to be awarded one of The World's Most Ethical Companies by Ethisphere for over a decade.
