Church & Dwight Co Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

Internal company methods were selected because the Company has a company wide risk assessment process, which is overseen by the Board. Under this global risk mapping system, deforestation risk has not been identified by management and the Board as being a significant risk of the Company. Our Board, acting principally through the Audit Committee, is actively involved in the oversight of the significant risks affecting our business. Our Internal Audit Group facilitates a vigorous risk assessment effort every other year, in collaboration with all of our directors and executives and annually in collaboration with all of our executives. This process is designed to identify and rank the most significant risks that affect our Company. Internal Audit meets quarterly with our executive officers to assess any changes in the status and magnitude of identified risks, as well as the status of any mitigation activities with regard to the most significant risks. Our Internal Audit Director reports directly to the Audit Committee, who reports to the Board quarterly and, advises the Audit Committee on a quarterly basis regarding management's risk assessment process and the progress of any mitigation activities. Our Board through our Governance, Nominating and Corporate Responsibility Committee overseas our sustainability program. Other was selected because (i) the Company holds its primary supplier accountable through contract language and quarterly reviews; that supplier is expected to adhere to the Company's Global Operating Guiding Principles which encompasses our Palm Oil Sustainability Sourcing Commitment, as well as practices and objectives set forth on the supplier's website and (ii) the Company's risks are continually being reviewed and evaluated by the Company's Corporate Issues Council ("CIC"). The CIC and Internal Audit Group reviews the availability of risk commodities, quality of forest risk commodities, impact on ecosystems and habitats, regulations, climate change, tariff or price increases, loss of markets and impact on water security as well as stakeholders, such as, its customers, employees, investors, local communities, NGOs, regulators, suppliers and other users and producers at the local level in identifying, assessing and analyzing forest related risk to the Company. [...] The Board, through its Governance, Nominating & Corporate Responsibility Committee, oversees the Company's sustainability program. In addition, the Board reviews risks periodically. Progress concerning our palm oil derivatives sourcing practices is an important Company initiative and the employees responsible for that progress are evaluated in part based on the progress achieved. For example, the Nominating Committee made the decision to source 100% certified sustainable palm oil-based ingredients through the mass balance sources and RSPO credit supply chains. The Company also conducts quarterly reviews of its primary supplier to ensure that progress is being made to achieve the targets published in the Company's Palm Oil Sustainable Sourcing Commitment. Executives across various functions have sustainability objectives to which their compensation is tied.

https://churchdwight.com/pdf/Sustainability/Forests.pdf

Church & Dwight participates in ACC committees, and provides input on policy issues as relevant and appropriate. [...] Church & Dwight participates in a variety of ACI committees, including the Sustainability Committee, and provides input on policy issues as relevant and appropriate. In addition, our Executive VP of Research and Development serves on the Board of Directors. [...] The C&D Corporate Issues Council subgroup on Sustainability Strategy is tasked with monitoring and tracking Church & Dwight engagement with trade associations and NGOs. As part of this function the subgroup tracks developments and requirements of these associations as well as their positions on topics relevant to sustainability and climate change.

https://churchdwight.com/pdf/Sustainability/Climate-report.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The C&D Corporate Issues Council subgroup on Sustainability Strategy is tasked with monitoring and tracking our corporate engagement with trade associations and NGOs. As part of this function, the subgroup tracks development and requirements of these associations as well as their positions on topics relevant to sustainability and climate change.

CDP Questionnaire Response 2022

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]The Church & Dwight Corporate Issues Council subgroup on Sustainability Strategy is tasked with monitoring and tracking our corporate engagement with trade associations and NGOs. As part of this function, the subgroup tracks development and requirements of these associations as well as their positions on topics relevant to sustainability and climate change.

CDP Questionnaire Response 2023