ESG Governance



Pe canandaigua 1.82.1


ESG Governance

A strong governance program underpins all we do. Guided by our vision to do what’s right for the environment, our people and our communities, we set time-bound, quantifiable goals for performance criteria across environmental performance, social initiative and governance categories according to global standards.

Our Board of Directors reviews and discusses ESG-related issues as a standing agenda item at its regular, quarterly meetings. Its ESG focus includes oversight of climate policies, ESG strategies, business plans, regulatory compliance and ESG performance.

Assessing and managing climate-related risks and opportunities occurs at the highest management level of our company by the leadership team. This team includes the President and Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, Chief Legal Officer and the Chief Sustainability Officer. Climate-related issues are monitored through periodic reporting, performed by the sustainability team with assistance from the EHS team. For more information about our ESG-related governance processes, please consult our TCFD report or read about our water-related risk analysis on page 21 (ESG Report).


Ethics and Compliance

At Pactiv Evergreen, we seek to do what’s right. Our employees are passionate about their work and committed to doing business in an ethical and fair way. Our culture of continuous learning helps keep policies top of mind throughout the year. In 2022, we launched a new eLearning platform enabling more flexibility and better assignment management, from onboarding new employees to ongoing assignments for continuous learning and compliance. The platform also opens more opportunities for learning paths that can be self-managed, assigned by a manager or required for particular functions. Each employee receives both core training assigned to all our workforce and specific training based on their individual job responsibilities or location. Our salaried workforce’s assignments are managed through our eLearning platform. Topics covered include training on our code of conduct, anti-corruption, harassment and workplace violence prevention, equal opportunity employment, Sarbanes-Oxley (SOX) internal controls and cybersecurity. Our hourly workforce receives in-person training at our facilities. Records are maintained locally.

New employees receive the Pactiv Evergreen Code of Business Conduct and Ethics as part of our onboarding process. At the same time, they may also be assigned a series of relevant ethics and compliance training modules based on their responsibilities and location.

Pactiv Evergreen Corporate 24


Thumbnail image001


Data Privacy

Pactiv Evergreen is committed to protecting and treating responsibly the data entrusted to us by our customers, vendors, employees and website visitors. We do this through adherence to policies of data classification that protect sensitive information and support compliance with applicable privacy laws, ongoing data mapping and execution of internal controls.

Our systems also include policies, processes and controls around business resiliency, risk assessments and records retention. For details on these and more, please consult our Data Security and Privacy Statement.

Data Privacy and Security

We recognize the importance of an effective security program to protect the company’s employees, assets, products, data, systems, property and reputation from threats. We invest considerable time and resources to strengthen and maintain secure systems across the organization and continue our engagement and commitment to building stakeholder confidence and trust as the cybersecurity risk landscape evolves.

It all starts with supporting our workforce to champion cyber-awareness across the enterprise. We achieve this proficiency not only by developing and maintaining a set of policies, processes and controls around cybersecurity but also by regularly training our staff, including scheduled training, awareness campaigns and periodic simulations.

Controls, Audits and Incident Response

Our control environment is self-assessed by control owners and audited on a regular basis in accordance with applicable policies and procedures. Our processes include audits, such as evaluations of the design and effectiveness of information technology (IT) internal controls (access, changes and operations) of applications with impacts to financial reporting.

Protocols and standards also exist for the development and life cycle management of systems and applications as well as standardized protocols and methods for appropriate, efficient and prompt handling of all IT change requests. In case of an incident, our cybersecurity incident response plan details procedures that cover identifying, investigating and responding to potential cybersecurity incidents and is implemented if necessary by our cybersecurity incident response team.

Assessment of Third Parties

We use a multi-layered approach to review and assess third parties, including but not limited to IT security vendor evaluations; signed services agreements, statements of work and nondisclosure agreements; and annual reviews of results from independent internal control audits performed on our software-as-a-service vendors.



Aligning to the UN Global Goals

The United Nations Sustainable Development Goals (UN SDGs), or Global Goals, are a universal call to action to protect the planet and improve the lives and prospects of everyone, everywhere. The 17 Goals were adopted by all UN Member States in 2015, as part of the 2030 Agenda for Sustainable Development, which set out a 15- year plan to achieve the Goals.

To support our Pactiv Evergreen purpose of Packaging a Better Future, we have aligned our ESG strategy and material topics with the UN SDGs through an array of values, activities and policies detailed in this report and other publications.

Fullsizeoutput 1c08