The Odebrecht Entrepreneurial Technology (TEO) is the central pillar of our management model and strategy and prioritizes transparency and ethics in our relations with all stakeholders in the value chain. Our governance structure ensures greater independence in the management of our businesses and the compliance of our activities and processes with the laws and regulations governing the sugar and ethanol industry.
Our governance policies and practices have evolved continuously to meet the demand of stakeholders and are aligned with best industry practices. One of the main advances in the 2015/2016 crop year was the drafting of the Odebrecht Agroindustrial Sustainability Guidelines, which guides the incorporation of sustainable practices in all of our activities, operations and relationships and emphasizes the principles and values espoused by TEO.
The guidelines drew on references such as the principles and aspirations of international and national commitments (e.g., UN Global Compact and Brazilian Coalition on Climate, Forests and Agriculture) and the Company’s materiality matrix, internal guidelines and international performance standards (e.g., GRI, Bonsucro and Equator Principles). The document is distributed at Production Clusters and has played a key role in placing our Leaders on the frontline to uphold the commitments we have undertaken, such as fostering environmental preservation, improving sustainability performance and strengthening relations with Team Members, Clients, Partners and Communities.
Our values and principles are outlined in the Code of Ethics for Team Members and the Code of Ethical Conduct for Suppliers. The documents are available to anyone interested on our corporate website and intranet. Furthermore, all Team Members and Partners are introduced to the codes immediately after they are hired or authorized, respectively. One of our goals is to strive continually to strengthen these values and guidelines through recycling campaigns targeting our Team Members.
G4-56Click here to learn more about this aspect in the GRI Supplement