Governance - Governance Framework
Governance Framework
REA’s Corporate Governance Framework ensures strong oversight, accountability, and sustainability integration across operations. The Board of Directors, Managing Director, and President Director collectively oversee ESG and sustainability strategies, ensuring compliance with industry standards, ethical conduct and addresing impacts of climate change.
The Chief Sustainability Officer (CSO), leads the identification and implementation of climate-related risks and opportunities. Climate-related matters are reviewed monthly at operational management meetings, board and at the group’s audit committee meetings, fostering a collaborative and strategic approach.
Aligned with our four strategic pillar, Sustainable Development, Climate Action, Forest Preservation, and Empowering Livelihoods, business unit leaders work with the CSO to identify, assess and highlight risks and climate-related risks and opportunities across the group’s operation. Each operational department will conduct critical analyses and develop targeted actions to address identified threats and opportunities.
The Grievance Committee and Grievance Action Team (GREAT), led by the President Director and CSO, address environmental and supply chain risks such as illegal logging, forest encroachment, and NDPE violations, ensuring proactive mitigation measures.
REA commits to regular reviews of the governance framework to adapt to evolving industry standards, regulatory changes, and stakeholder expectations. This includes:
- Annual Board and committee evaluations.
- Periodic updates to governance policies and procedures.
Principles of Governance
REA’s governance framework is built on the following principles:
Integrity
Upholding the highest ethical standards in all operations.
Fairness
Treating all stakeholders fairly, including employees, communities, and partners.
Accountability
Ensuring responsibility and transparency in decision-making.
Sustainability
Integrating environmental, social, and governance (ESG) factors into every aspect of our business.
Transparency
Engaging in transparent communication while providing stakeholders with precise and prompt information.
REA is committed to operating in an honest, transparent and ethical manner both within the group and in all its business dealings. REA takes a zero-tolerance approach to bribery and corruption and strives to act professionally, fairly and in accordance with relevant national and international standards of corporate governance throughout its operations, and this applies to all third parties and suppliers engaged by REA, including consultants and contractors.
Objectives of the Governance Framework
Promote Ethical Leadership
Foster a culture of integrity and accountability across the organisation, with the Board responsible for governance oversight, ensuring trust is built among stakeholders.
Promote Ethical Leadership
Foster a culture of integrity and accountability across the organisation, with the Board responsible for governance oversight, ensuring trust is built among stakeholders.
