exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
Governance
 ·
 Cybersecurity processes, controls, and risk assessments
 ·
Business ethics and compliance
 ·
Supply chain resiliency and responsibility
Pre-Investment
 ·
Pre-Screening
 ·
Commercial, Legal, and Compliance Diligence
 ·
Investment Committee Evaluation
Post-Investment
 ·
Portfolio Management
 ·
Documentation and Monitoring
SASB FN-AC-410a.2 
19
KKR 2023 Sustainability Report 
Sustainable Investing
Private 
Equity, 
Infrastructure 
Education and Training Resources
Consideration of ESG factors in the investment process is highly 
collaborative and integrated across KKR. We seek to educate 
our investment and operational professionals about their 
responsibilities and best practices related to various sustainability 
topics. We do so through
Keyword: governance
issues, potentially including governance, human 
capital, climate-related risks and opportunities, 
and data privacy and cybersecurity. 
[16] 
As of December 31, 
2023. Investment 
professionals across 
Credit & Capital Markets.
By the Numbers[16]
$219 B
assets under 
management 
To learn more, visit 
KKR’s global Credit 
platform on kkr.com. 
~230
investment 
professionals 
20
years of credit 
investing 
SASB FN-AC-410a.1 
The development and implementation of the RICS over the 
past few years has been a learning opportunity for us to 
continually improve and seek to standardize the scoring and 
engagement features in the tool with the goal of mitigating 
risk and enhancing value protection in our portfolio. To 
address potential ambiguities and promote comparability of 
informa
Keyword: governance
governance of material ESG topics. 
We leverage a variety of internal resources and work 
together with our portfolio companies’ management 
teams to integrate material sustainability considerations 
across our Private Equity platform.
Sustainable Investing
KKR 2023 Sustainability Report 
23
Looking Ahead
In 2024 and beyond, we aim to:
 ·
Work with portfolio company management to mature their 
business-relevant sustainability plans, building on work 
conducted to identify priority topics to set action plans and KPIs
 •
Continue to support the development and deployment of 
employee engagement and ownership programs globally, and 
apply learnings and best practices from successful programs to 
share with other portfolio companies
 •
Continue to monito
Keyword: governance
and strengthen their governance of these issues. To do 
so, we took a more systematic approach to company 
engagement across the portfolio, including enhancing 
our approach to onboarding companies and improving 
how we track and monitor performance against 
companies’ sustainability ambitions. 
In 2023, we advanced and tailored our support of 
infrastructure companies in establishing mature 
sustainability strategies. This work started with a 
commitment to strengthen governance practices 
by working with companies to establish board-level 
oversight of sustainability issues, where not already 
in place. We then worked with companies to identify 
sustainability topics material to value creation and value 
protection and to develop performance baselines, 
targets, and ac
Keyword: governance
Implementing a governance framework to manage material 
sustainability topics: Adopting an appropriate framework 
for governance of material topics, supported by board-level 
and executive capabilities, accountability, and performance 
measurement of the company’s material topics
 •
Engaging human capital: Having a strategy in place for 
fostering a highly engaged and diverse workforce 
 •
Managing climate-related risks and opportunities: Measuring 
GHG emissions and developing and implementing business-
relevant decarbonization plans, where appropriate 
 •
Protecting data security and privacy: Mitigating cybersecurity 
risks, promoting a culture of cyber awareness, and handling 
personal or sensitive data responsibly
These are common areas of focus and opportunity
Keyword: governance
areas — governance of material topics, human capital, 
climate-related risks and opportunities, and data 
responsibility — across our portfolio. 
KKR’s 2023 ESG Survey Process Highlights
254
companies surveyed with a 99% response rate
9
survey versions based on sector- or  
market-specific contexts
38
topics covered
1,267
Real Estate assets included, with 26 operating partners
Portfolio 2023 ESG Performance Insights
Highlights
Management and Governance
88%
of companies have board-level oversight of material 
sustainability and ESG topics[26]
Climate[27] 
Across our controlled private equity and real 
assets companies,
Over 
90% 
of financed emissions are directly measured
We work together with portfolio companies to mitigate risk and 
strengthen management a
Keyword: governance
including the integration of governance and oversight of critical 
human capital metrics like engagement, voluntary turnover, and 
safety into companies’ regular review process. In addition, we 
work with portfolio companies to help them set program goals, 
establish program governance, take a problem-solving approach to 
engagement and turnover, and plan for program milestones such 
as launch events, dividends, and exits as appropriate. 
In 2023, we expanded our breadth of expertise to better support 
portfolio companies in advancing their culture and engagement 
agendas across a variety of topics. For example, we added a new 
KKR executive advisor with decades of experience working in 
corporate culture and engagement consulting. We also worked 
with third parties — ranging fr
Keyword: governance
governance, monitoring, 
and reporting, KKR 
considers financed 
emissions to be: 
 ·
“Directly measured” 
when a company 
calculates its Scope 
1 and 2 emissions 
using primary 
physical activity 
data and emissions 
factors specific to 
that primary data 
 ·
“Addressed by 
business-relevant 
decarbonization 
plans” when such 
plans include, where 
applicable: portfolio 
company board-
level oversight of 
its climate strategy, 
Scopes 1 and 2 
GHG emissions 
measurement, and 
GHG emissions 
reduction targets, 
which may be 
aligned to a science-
based net-zero 
pathway or a 
benchmark. 
For additional 
detail on scope and 
methodology, see the 
Endnotes of the report.
[40] 
See the Cautionary 
Statement for 
relevant disclaimers.
High-emitting compa
Keyword: governance
selection, governance, and value creation as our other 
private equity funds. As with all KKR strategies, we 
work together to integrate thoughtful management of 
sustainability topics to protect and drive value.[45]
In addition, our strategy includes an intentional focus 
on investing behind companies whose core products 
or services seek to provide credible solutions to critical 
environmental and social challenges. 
To qualify for an investment by Global Impact, we must 
determine a company meets the following criteria:
 ·
Can achieve attractive risk-adjusted returns
 •
Contributes a locally relevant solution to the SDGs 
through its core products or services
 •
Generates impacts that are measurable, using 
metrics sourced from credible third-party 
framewor
Keyword: governance
portfolio topics, such as management and governance, human 
capital, climate, and data responsibility. 
Once we are invested in a company, we seek to engage with the 
company on sustainability management best practices, where 
relevant. For example, since our investment in 2022, we have 
supported Advanta Seeds in establishing an ESG committee 
and launching a third-party sustainability review to enhance the 
company’s approach to managing material sustainability topics, 
including supply chain-related human rights risks. Following 
this review, we plan to work with Advanta Seeds to implement 
improvements as needed. 
[59] 
Energy Institute Blog, UC Berkeley, Data Centers are Booming, 2023.
[60] 
Source: Proprietary CoolIT research.
[61] 
 CoolIT worked with a third party to estimate the am
Keyword: governance
Governance and Business Ethics
65 Corporate Governance
65 Enterprise Risk Management
66  Responsible Product Governance 
and Marketing
67 Business Ethics
50
KKR 2023 Sustainability Report 
Sustainable Operations
Human Capital
SASB FN-AC-330a.1 
Our people set our Firm apart and are key to our success. 
Engaging all our colleagues to maximize their contributions helps 
us strive to deliver the best investment outcomes. To achieve 
this, we work to foster an inclusive, respectful, safe, and engaging 
environment where all our people can thrive both professionally 
and personally.
Our Approach
Our one-firm approach — where everyone participates 
in everything we do and success is best enjoyed 
collectively — is designed to involve the responsible 
manag
Keyword: governance
Governance
Our Chief Information Security Officer (CISO) leads 
the Information Security team that is responsible 
for information security at the Firm, including its 
cybersecurity strategy and program, which includes, 
among other things, annual employee training about 
cybersecurity risks and new employee onboarding 
about KKR’s security policies. The KKR Information 
Security team’s mandates can be broadly grouped 
into three categories:
 ·
Operations and engineering
 ·
Threat detection and response
 ·
Governance
Additionally, the Information Security team maintains 
various levels of certifications — including CISSP, GIAC 
security operations certification, certified information 
security manager, and other certifications focused on 
specific te
Keyword: governance
focusing on governance, third-party risk management, 
policies and procedures, and continuous assessment of 
regulatory developments.
In 2023, we updated our group privacy policy, expanding 
it from an EU-specific focus to all KKR’s operations 
globally. This policy, along with our standards and 
procedures, has been developed to align with applicable 
privacy laws, and we aim to proactively work to update 
our practices consistent with the ever-evolving legal and 
regulatory privacy landscape. We currently have projects 
underway to assess and address the evolving regulatory 
space regarding data privacy, specifically across California, 
China, and India. 
At KKR, we believe in the potential of AI to enhance 
productivity and analytics capabilities. Recognizing
Keyword: governance
governance of our strategy and programs. We have put 
in place internal controls, policies, training, oversight, 
risk assessment and mitigation, and actively monitor 
legal and regulatory changes to guide our internal 
implementation of this technology. 
We proactively seek to evaluate the impact that GenAI 
can have on our existing investments and our potential 
acquisitions. We utilize a robust due diligence process, 
including early assessment of AI materiality, to inform 
investment decisions. 
Looking Ahead
Looking forward, we aim to build on our previous work 
and continue strengthening our data protection and 
security systems while also advancing our processes to 
identify insider threats and risks throughout our supply 
chain. We also aim t
Keyword: governance
Governance 
and Business 
Ethics
As fiduciaries of capital, we are dedicated to employing the highest 
standards of integrity in all our dealings to uphold the trust of and create 
and protect value for our clients.
Corporate 
Governance
KKR’s continued success and ability to maintain our 
social license to operate requires a robust corporate 
governance framework. With support from the KKR 
Board, the management team aspires to nourish a 
culture that goes above and beyond risk management 
and compliance requirements, valuing responsible 
business practices, personal integrity, and ongoing 
communication. We believe this commitment to 
operating ethically creates long-term value for our 
clients and shareholders.
In October 2021, we announced the ap
Keyword: governance
stockholders, enhance corporate governance at KKR, and 
simplify KKR’s corporate structure. By 2027, all common 
stock of KKR & Co. Inc. will have one vote per share. 
Enterprise Risk 
Management
KKR seeks to maintain a robust approach to risk management 
supported by an integrated team of experienced risk 
professionals. The Enterprise Risk Management (ERM) team 
is responsible for ensuring the consistent application of our 
risk management framework to help KKR achieve its strategic 
objectives and operational efficiency while operating within the 
Firm’s risk appetite. The ERM team’s objectives are to: 
 ·
Identify and monitor risk from KKR’s businesses to 
understand global, horizontal risk trends and issues
 •
Assess and measure risks and controls for risk 
relevant programs
Keyword: governance
KKR Enterprise Risk Management Governance Structure
KKR has three primary governance and oversight committees 
that are responsible for risk oversight for the Firm.
 •
The Risk and Operations Committee (ROC), which includes 
senior employees from across the Firm and operating 
functions, focuses on KKR’s operations and enterprise risk 
management. This committee focuses on the most significant 
operating and business risks, which include, among others, 
regulatory, cyber, operational, geopolitical, and reputational risks.
To learn more about 
governance at KKR 
and the relevant 
policies below, see the 
Corporate Governance 
page on ir.kkr.com.
Audit 
Committee Charter
Corporate Governance 
Guidelines
Code of Business 
Conduct and Ethics
 •
The Risk Committee of the KKR Board, whi
Keyword: governance
In 2023, to enhance our governance structure, we 
established a new Risk Committee of the KKR Board. 
KKR Board Composition
The KKR Board consists of 13 directors, of whom 
nine are independent under NYSE rules relating to 
corporate governance matters and the independence 
standards described in our corporate governance 
guidelines. To enhance the diversity of the KKR Board, 
we seek candidates who encompass a broad range of 
experience and backgrounds. We believe the diversity 
of expertise of the KKR Board can strengthen its 
oversight capabilities and support a well-rounded 
approach to decision-making. Out of 13 directors, four 
have self-identified as women, and three have self-
identified as non-white. 
We strive to maintain an appropriate mix of skills 
and expertis
Keyword: governance
Committee, the Nominating and Corporate Governance 
Committee, and the Executive Committee. 
To learn more about 
the composition and 
committees of the 
KKR Board, see the 
2023 10-K, available 
on ir.kkr.com.
65
KKR 2023 Sustainability Report 
Sustainable Operations
Responsible 
Product Governance 
and Marketing
We place great importance on maintaining the trust 
established with our clients, shareholders, and 
communities. We expect all our employees to conduct 
business in compliance with applicable ethical, business, 
regulatory, and legal standards, and, as such, we work 
to raise awareness of internal policies to drive progress 
and facilitate transparency. 
At KKR, we are committed to those who invest 
their capital with us. Verifying our clients remains 
an important step in meeti
Keyword: governance
governance at KKR 
and the relevant 
policies below, see 
the Overview of 
Policies section:
Know-Your-
Customer Policy
Written Supervisory 
Procedures.
• 
Information and Cybersecurity: With an increasing 
sophistication of cyber threats, protection of our 
data and technology infrastructure is important 
for our operations. Cyber attacks are becoming 
more frequent, complex, and damaging across 
the market, with attackers using advanced tactics 
to gain unauthorized access to systems and data. 
Our Information Security team actively monitors cyber 
threats and implements safeguards to protect our 
technology and data infrastructure.
 •
Geopolitical Developments: As global tensions 
arise, proactively assessing impact of new regulatory 
developments
Keyword: governance
Align Global Atlantic business and governance 
structures into KKR’s existing ERM processes for 
improved oversight and collaboration
66
KKR 2023 Sustainability Report 
Sustainable Operations
Fostering an Ethical Culture
We aim to integrate our robust culture of compliance and ethics 
into our business practices. Our numerous Firm-wide internal 
policies and procedures help us meet the legal and regulatory 
requirements and ethical standards applicable to the Firms’ 
operations, products, and services. Our communication channels 
for familiarizing employees with these internal policies include the 
Firm’s intranet, which enables our employees to access and stay 
updated on specific policies and creates a culture of compliance 
and accountability. We regularly review and update these p
Keyword: governance
governance structures.
Our policies help to mitigate business and compliance risks 
and establish a standard of ethical and legal behavior that aims 
to prevent and detect any wrongdoing within the Firm. The 
foundation of this commitment is our Code of Ethics (Ethics Policy) 
and our Code of Business Conduct and Ethics. Our Ethics Policy 
outlines the various governance structures and procedures 
that help ensure, as applicable, that the Firm can mitigate and 
manage business and compliance-related risks. The Code of 
Business Conduct and Ethics aims to help all directors, officers, 
and employees of KKR & Co. Inc. and its subsidiaries navigate 
particular ethical and legal issues and helps us prevent and detect 
wrongdoing. We expect all employees
Keyword: governance
reviewing our global processes around ESG-related governance, 
controls, and compliance frameworks.
Ethical Trainings, Audits, and Reporting Mechanisms
We provide mandatory trainings on our Ethics Policy and various 
policies for all full-time employees at the beginning of their 
employment and periodically thereafter. Where applicable, 
training may also be required for part-time employees and 
contractors. We believe in the importance of periodic regulatory 
self-assessments to educate employees of regulatory 
expectations, identify potential areas of enhancement to controls, 
and prepare the Firm for potential regulatory examinations. Our 
internal SEC Exam Response Team engages independent third 
parties on a periodic basis to examine our control environment, 
policies, and procedures. Third par
Keyword: governance
corporate governance, enterprise risk management, and business 
ethics practices is important for our ability to deliver positive 
financial outcomes and optimize operational efficiencies. In 2024, 
we plan to continue to work to ensure, as applicable, compliance 
with new rules and regulations, as applicable to KKR, refine our 
risk reporting through enhancements to Compliance dashboards, 
systemize an in-person training tracking feature in KKRU, and 
further improve the Firm’s employee intranet site to provide 
readily accessible information pertaining to the memberships of 
various Firm committees.
68
KKR 2023 Sustainability Report 
Sustainable Operations
70 
Stakeholder Engagement
70 Industry Engagement
70 Channels and Topics of Engagement 
71 
SASB Index
Keyword: governance
2023 Sustainability Report, Sustainable Operations > Governance and Business Ethics > 
Responsible Product Governance and Marketing
Employee Diversity and Inclusion
FN-AC-330a.1
Percentage of (1) gender and (2) diversity group 
representation for (a) executive management, (b) 
non-executive management, (c) professionals, and 
(d) all other employees
2023 Sustainability Report, Appendix > KKR-level ESG Data Tables
2023 Sustainability Report, Sustainable Operations > Human Capital
Incorporation of Environmental, Social, and Governance Factors in Investment Management and Advisory 
FN-AC-410a.1
Amount of assets under management, by asset 
class, that employ (1) integration of environmental, 
social, and governance (ESG) issues, (2) sustainability 
themed investing and (3) screening
(1) KKR’s Responsible I
Keyword: governance
environmental, social and governance (ESG) 
factors in investment or wealth management 
processes and strategies
2023 Sustainability Report, Sustainable Investing > ESG Integration
CODE
ACCOUNTING METRIC
KKR RESPONSE AND/OR DISCLOSURE SOURCE
FN-AC-410a.3
Description of proxy voting and investee
engagement policies and procedures
KKR has adopted proxy voting policies and procedures (the “Proxy Voting Policy”) in 
accordance with requirements under Rule 206(4)-6 of the Investment Advisers Act. To assist 
in our proxy-voting responsibilities, KKR currently subscribes to proxy-related services 
offered by the proxy advisory firm Institutional Shareholder Services, Inc. (“ISS”). ISS 
provides KKR with its independent analysis and recommendation with respect to generally 
all proxy
Keyword: governance
2023 Sustainability Report, Sustainable Operations > Governance & Business Ethics > 
Business Ethics
Activity Metric
FN-AC-000.A
Total assets under management (AUM)
(1) Total registered AUM was approximately $21 billion as of December 31, 2023. (2) 
Total unregistered AUM was approximately $532 billion as of December 31, 2023. Our 
unregistered AUM equals total AUM minus total registered AUM.
FN-AC-000.B
Total assets under custody and supervision
We have renamed this metric to “total assets under management” from “total assets under 
custody and supervision” because assets under management is a more relevant activity 
metric for asset managers, and KKR is an alternative asset manager, not a custodian bank. As 
of December 31, 2023, KKR had total assets under management of approximately $553 billion.
20
Keyword: governance
Governance — KKR’s governance around climate-
related risks and opportunities
 •
Strategy — Overview of our Firm-level climate action 
strategy to consider the actual and potential impacts of 
climate-related risks and opportunities to our business
 •
Risk Management — The processes and tools we 
deploy to identify, assess, and manage climate-
related risks
 •
Metrics and Targets — The metrics and targets we 
use to assess and manage relevant climate-related 
risks and opportunities 
These disclosures are also supplemented by information 
on climate-related risks and opportunities that can be 
found throughout this 2023 Sustainability Report, our 
2023 Form 10-K, and in select reporting to investors. 
Governance 
Oversight 
Working together, various teams throughout th
Keyword: governance
Governance section.
72
KKR 2023 Sustainability Report 
Appendix
SASB FN-AC-410b.1, FN-AC-410b.2, FN-AC-410b.3, FN-AC-410b.4 
KKR’s Firm-level Climate Action Strategy
How We Invest
How We Engage
Where We Invest
Integrating climate considerations 
into the investment process as 
appropriate to identify, assess, 
and manage climate-related risks 
and opportunities material to 
KKR’s investments
Helping our portfolio 
companies identify and manage 
material climate-related risks 
and opportunities, including by 
supporting them in measuring their 
carbon emissions and implementing 
business-relevant decarbonization 
strategies, where appropriate
Investing in the energy transition 
and behind climate-focused themes 
to create value while supporting 
a sus
Keyword: governance
governance, monitoring, 
and reporting, KKR 
considers financed 
emissions to be: 
 ·
“Directly measured” 
when a company 
calculates its Scope 
1 and 2 emissions 
using primary 
physical activity 
data and emissions 
factors specific to 
that primary data 
 ·
“Addressed by 
business-relevant 
decarbonization 
plans” when such 
plans include, where 
applicable: portfolio 
company board-
level oversight of 
its climate strategy, 
Scopes 1 and 2 
GHG emissions 
measurement, and 
GHG emissions 
reduction targets, 
which may be 
aligned to a science-
based net-zero 
pathway or a 
benchmark. 
For additional 
detail on scope and 
methodology, see the 
Endnotes of the report.
[83] 
Our 2023 GHG 
emissions footprint 
includes emissions 
from Global Atlantic,
Keyword: governance
refer to the Corporate Governance section of ir.kkr.com. 
People
Harassment Policy
KKR prohibits sexual harassment and harassment because of 
race, color, sex, age, disability, religion, national origin, marital 
status, familial status, family care status, gender (including 
pregnancy, childbirth, breastfeeding or related medical conditions), 
sexual orientation, gender identity or expression, ancestry, military 
or veteran status, genetic information, as well as any other basis 
protected by applicable law. All such harassment violates this 
policy and will not be tolerated. Sexual harassment may occur 
between individuals of the same or different gender and need 
not be motivated by sexual desire to be in violation of this policy. 
Harassment violates this policy whethe
Keyword: governance
Governance
Know-Your-Customer (KYC) Policy
KKR has implemented a KYC Policy as part of its Anti-Money 
Laundering (AML) program. The KYC Policy includes risk-based 
procedures designed to obtain sufficient identifying information 
prior to establishing a relationship with a client, including to form a 
reasonable belief about the identity of the client. The information 
obtained during this due diligence review serves as the basis for 
making a determination as to, among other matters, whether such 
investor should be onboarded or undergo enhanced due diligence 
and additional monitoring due to factors that may include its 
status as a senior foreign political figure or politically exposed 
person. KKR’s policy is to use reliable, independent source
Keyword: governance
employees. The Ethics Policy outlines the governance structure, 
policies, and procedures that ensure the Firm, as applicable, can 
mitigate and manage business and compliance-related risks. 
The Ethics Policy outlines the standards for legal and ethical 
behavior and aims to prevent and detect wrongdoing within 
the Firm. We use the Code of Ethics to educate employees 
and help mitigate potential conflicts of interest that may arise 
from employee conduct involving personal trading, gifts and 
entertainment, political activity, and outside business activities, 
among others. KKR’s Compliance Group reviews employee 
certifications, questionnaires, and pre-approval requests to 
identify such potential conflicts of interest. KKR has instituted 
various other essential policies and procedures d
Keyword: governance
frameworks, for the purposes of portfolio governance, monitoring, 
and reporting, KKR considers financed emissions to be: 
 ·
“Directly measured” when a company calculates its Scope 1 and 
2 emissions using primary physical activity data and emissions 
factors specific to that primary data 
 •
“Addressed by business-relevant decarbonization plans” 
when such plans include, where applicable: portfolio company 
board-level oversight of its climate strategy, Scopes 1 and 2 
GHG emissions measurement, and GHG emissions reduction 
targets, which may be aligned to a science-based net-zero 
pathway or a benchmark. 
Note on Data Quality: KKR’s financed emissions data presented 
herein is collected and calculated on a best-effort basis, using 
a combination of third-party data, which includes estimat
Keyword: bribe
•	Prohibit all and any forms of abuse, bribery, harassment and 
discrimination 
•	Recognize and respect the rights of freedom of association 
and collective bargaining 
•	Recognize and respect fair, legal and equitable work 
timeframes, working conditions (including health and safety) 
and wages 
•	Recognize land rights, natural resources and ensure all 
workers’ rights to clean water and adequate sanitation 
facilities 
•	Require all labor recruitment and employment procedures to 
be carried out in a legal and ethical manner 
Following the release of the Global Human Rights Policy, Kraft 
Heinz undertook a global human rights risk assessment with third 
party assistance. This exercise highlighted relative risk factors by 
commodity type overlaid with associated geographical risk. The
Keyword: corruption
aspect of our business including anti-corruption, anti-competitive 
behavior, data protection and human rights. The global Code of 
Conduct sets high standards for conducting business in a legal 
and ethical manner and serves as the foundation of our corporate 
policies and procedures. To ensure compliance with the global 
Code of Conduct’s tenets, Kraft Heinz regularly provides training, 
communications, and guidance to our employees around the 
world. Further, employees are required to annually certify that 
they have read and will follow the global Code of Conduct. The 
document is available in 14 languages and can be accessed here: 
Kraft Heinz global Employee Code of Conduct.
Ethics and Compliance Training
All new Kraft Heinz employees receive ethics and compliance 
training to fami
Keyword: tax
•	Tax
•	Trade
•	Nutrition and well-being
•	Labeling
•	Regulatory issues related to ESG
•	Animal welfare
•	Packaging sustainability
•	Sustainable sourcing
•	Operational impact on  
 environment
•	Nutrition and well-being
•	Community impact/food security 
•	Transparency
•	Climate
•	Sustainable sourcing
•	Animal welfare
•	Packaging sustainability
•	Human rights
•	Food safety 
•	Food waste
•	Innovation
•	Global hunger alleviation
•	Community impact/food security
•	Bottom pyramid empowerment
•	Sustainable agriculture   
•	Food waste
Focusing on Material ESG Issues
11
Together at the Table: Kraft Heinz 2022 ESG Report                 
11
* Materiality and its relevant definition as used in this report, sometimes referenced as “ESG materiality,” and ou
Keyword: governance
ESG Governance ........................................................................................................................................................................ 9
          ESG Materiality and Stakeholder Engagement ............................................................................................................... 11
          Ethics and Compliance .................................................................................................................................................... 13 
          ESG Strategy and Goals................................................................................................................................................... 15
Healthy Living and Community Support......
Keyword: governance
This 2022 Environmental Social Governance Report (“Report”) is the fourth Environmental Social Governance (ESG) 
report issued by The Kraft Heinz Company (“Kraft Heinz” or “the Company”). This Report reflects our commitment to 
transparency and provides details for our stakeholders on progress to date against our ESG goals and objectives, which 
are based on our most significant ESG issues. These issues were reviewed and updated based on our ESG Materiality 
assessment. 
This Report does not include details on our financial performance. Details on our financial performance can be found in our 
public filings with the U.S. Securities and Exchange Commission (“SEC”) and on our investor relations website. Materiality 
as used in this report, sometimes referenced as “ESG materiality,” and our ESG materiality review process, are intended 
to reflec
Keyword: governance
drive progress and achieve our Environmental Social Governance goals by collaborating across our Company and 
with external stakeholders.
In fact, our 2022 ESG Report is a testament to the power of partnerships.
There is a saying that I love: “If you want to go fast, go alone. If you want to go far, go together.” The concept of 
partnership and teamwork is essential – especially when it comes to our ESG efforts.
Within this Report, we’re proud to share the progress we are making when it comes to achieving our strategic ESG 
priorities – thanks in large measure to the alliances we’ve built. It’s all about bringing these internal and external 
groups together at the Kraft Heinz table. That means our customers and suppliers, nonprofit partners, and 
importantly, our dedicated employees across the globe.
Keyword: governance
Corporate Governance Guidelines, the Board aims to foster the 
Company’s long-term success and provides strategic direction 
to help us achieve meaningful results worldwide. The Board of 
Directors helps establish and oversee our global ESG objectives 
and framework, including matters related to operations, our supply 
chain, animal welfare, climate change, the environment, nutrition 
and well-being, and social issues. The Board of Directors reviews 
all significant ESG policies, processes and goals, and receives 
regular updates from the ESG team on progress against key 
performance indicators and other relevant developments.
Executive Leadership Team 
Our Executive Leadership Team provides oversight and 
executional leadership for our global ESG strategy. Th
Keyword: governance
governance structure and leadership. We are also proud to 
disclose certain ESG progress and achievements in our proxy 
statements. Kraft Heinz has also increasingly integrated and 
disclosed environmental related financial exposure that feeds 
into various reporting frameworks, such as Sustainalytics, the Dow 
Jones Sustainability Index, and CDP (Climate, Water and Forest 
questionnaires).
ESG Governance 
The Kraft Heinz Company is committed to responsible corporate governance. We have 
designed our governance structure to enable us to live our Vision and Values.
9
Together at the Table: Kraft Heinz 2022 ESG Report                 
APPENDIX
ENVIRONMENTAL STEWARDSHIP
RESPONSIBLE SOURCING
HEALTHY LIVING & COMMUNITY SUPPORT
APPENDIX
INTRODUCTION
Board
Keyword: governance
Corporate Responsibility and Sustainability Governance
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Together at the Table: Kraft Heinz 2022 ESG Report                 
10
APPENDIX
ENVIRONMENTAL STEWARDSHIP
RESPONSIBLE SOURCING
HEALTHY LIVING & COMMUNITY SUPPORT
APPENDIX
INTRODUCTION
ESG Materiality* and Stakeholder Engagement  
To inform and continuously improve upon our ESG strategy, we engage a wide variety of stakeholders for input. Participating in an ongoing, two-way dialogue 
with our stakeholders strengthens our understanding of important environmental, social and governance issues, which helps us set associated priorities 
to make respective impacts.
Our global stakeholder network includes both the internal and external people and parties whose support is important to the long-term success of our 
business, or who are material
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•	Governance
•	Climate Change
•	Sustainable sourcing
•	Health and wellness
•	Human Rights
•	Operational impact on  
  environment
•	Transparency/external reporting
•	Innovation
•	Animal welfare
•	Sustainable sourcing
•	Operational impact on  
 environment
•	Community impact/food security 
•	Nutrition and health
•	Climate change
•	Sustainable sourcing
•	Operational impact on  
 environment
•	Community impact/food security 
•	Nutrition and well-being
•	Workplace health and safety
•	Transparency
•	Climate change
•	Sustainable sourcing
•	Water stewardship
•	Operational impact on  
 environment
•	Animal welfare
•	Packaging sustainability
•	Human rights
•	Nutrition and well-being
•	Transparency
•	Nutrition and well-being
•	Animal welfare
•	Food safety
•	Sust
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assessment allows us to identify and prioritize the environmental, social and governance issues that 
are of greatest concern to our stakeholders and relevant to the success of our business. We reevaluate 
these results on an ongoing basis to reflect any substantial changes in standing on these priority 
issues and allow for the inclusion of new or emerging issues. We treat our ESG materiality matrix as a 
living assessment based on participant input. We continue to evaluate material ESG issues to our key 
stakeholders and the respective impact on our business operations across dynamic global markets. 
Material issues are monitored regularly by a variety of internal stakeholders including Kraft Heinz 
leadership, ESG and the Corporate and Government Affairs ESG Subcommittee.  
In 2022, we updated our ESG materiality assessment
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our strategy and governance process to meet the rise of stakeholder demands at Kraft Heinz.
Enterprise Risk Management
Kraft Heinz has an established, comprehensive approach to Enterprise Risk Management (ERM). 
Annually, senior management evaluates changes and required updates to the top enterprise risks. 
The ERM process covers a broad spectrum of risks across several dimensions: ESG, strategic, financial, 
operational, legal and regulatory, human capital, and hazard/catastrophic. Senior management 
prioritizes the risks and develops the Kraft Heinz risk profile, which is shared with the Audit Committee of 
the Board of Directors annually. Each risk owner provides regular updates to the Audit Committee of the 
Board of Directors.
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Governance Commitments 
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APPENDIX
ENVIRONMENTAL STEWARDSHIP
RESPONSIBLE SOURCING
HEALTHY LIVING & COMMUNITY SUPPORT
APPENDIX
INTRODUCTION
18
Kraft Heinz has a diverse portfolio of products to suit a vast array of eating occasions and lifestyle choices. 
A key part of our corporate strategy is naturally a commitment to people, to nutrition and health, and to 
live our purpose ‘Let’s Make Life Delicious.’ Some of the actions we are taking to support this commitment 
include ongoing improvements to the nutrition of our product portfolio, transparent and responsible 
marketing and communications, and alignment with credible science and public health goals. Through 
these actions, we
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governance, oversight, and reporting on diversity efforts and initiatives. The Council is also a critical driver in fostering real organizational 
change, establishing priorities, managing integrated and cross-functional initiatives, and thoughtfully considering how to fully live our 
Company Values.
We strengthened our commitment to a 
diverse workforce by targeting employee 
representation that reflects the diversity of 
the communities in which we operate.
Together at the Table: Kraft Heinz 2022 ESG Report                 
50% of our global management positions will be 
filled by women by 2025.
30% of our salaried U.S. employee population 
will identify as people of color by 2025.
PROGRESS
PROGRESS
ON TRACK: 39%
ON TRACK: 26%
APPENDIX
ENVIRONMENTA
Keyword: governance
governance to ensure data privacy.  It is important to us that 
our employees know that we are using data solely to support 
the creation of a diverse and inclusive workplace. The Global 
Inclusion Council heard directly from Business Resource Group 
(BRG) leaders. We joined the Human Rights Campaign - Business 
Coalition for the Equality Act, and the Civil Alliance, both in the US, 
and the MOVER Movement in Brazil. We signed the Workplace 
Pride Declaration of Amsterdam in the Netherlands and spoke out 
against Anti-Asian violence. We also participated in the Women in 
the Workplace Study sponsored by McKinsey and LeanIn.Org and 
the global Bloomberg Gender Equality Index.
Our engagement 
survey results related 
to diversity, inclusion, 
and belong
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to enable the GFSI objectives, including governance & technical 
working groups.
In addition to complying with our internal food safety and product 
quality management system, we also monitor other external 
metrics including product recall, serious incidents and factory 
related consumer complaints. 
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APPENDIX
ENVIRONMENTAL STEWARDSHIP
RESPONSIBLE SOURCING
HEALTHY LIVING & COMMUNITY SUPPORT
APPENDIX
INTRODUCTION
Similarly, in Canada, Kraft Heinz participates in the Canadian 
Children’s Food and Beverage Advertising Initiative (CAI), which 
requires participants to commit that 100 percent of advertising 
directed primarily to children under the age of 12 promotes only 
products that represent healthy dietary choices, or t
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Kraft Heinz Management system to the right) and governance structure, while leveraging appropriate resources to keep us on course 
toward full achievement of our manufacturing goals by 2025.
We continue to recognize the significant environmental impacts an ever-growing world can have, and we remain steadfast to 
balance production processes that can meet global food demand with efficient operation. Through thorough assessment and 
strong management processes and routines, we see opportunities for improvement at various stages of our operations, and we 
will learn from external perspectives, as well as ourselves by continuously fostering efficiency improvements in an environment of 
collaboration, ownership, and innovation. The Kraft Heinz Management System (KHMS) is a set of standard practices and
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•	  Prohibit any and all forms of abuse, bribery, harassment, and 
discrimination; 
•	  Recognize and respect the rights of freedom of association and 
collective bargaining; 
•	  Recognize and respect fair, legal, and equitable work 
timeframes, working conditions (including health and safety), 
and wages; 
•	  Recognize land rights, natural resources, and ensure all workers’ rights to clean water 
and adequate sanitation facilities; 
•	  Require all labor recruitment and employment procedures to be carried out in a legal 
and ethical manner.
Together at the Table: Kraft Heinz 2023 ESG Report
The Kraft Heinz Supplier Diversity program embeds our company Values into our supply base 
to better reflect the communities that we serve. Launched last year and starting at first in the 
U.S., th
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including anti-corruption, anti-competitive behavior, data protection, and human rights. 
The global Code of Conduct sets high standards for conducting business in a legal and 
ethical manner and serves as the foundation of our corporate policies and procedures. 
To ensure compliance with the global Code of Conduct, Kraft Heinz regularly provides 
training, communications, and guidance to our employees around the world. Further, 
employees are required to annually certify that they have read and will follow the global 
Code of Conduct. The document is available in 14 languages and can be accessed here: 
Kraft Heinz global Employee Code of Conduct.
Ethics and Compliance Training 
To ensure compliance with the global Code of Conduct, Kraft Heinz regularly provides 
t
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compulsory trainings on issues such as anti-corruption, conflict of interest, dignity and 
respect, whistleblowing, IT security, and due diligence matters. All training is monitored 
and tracked by the Ethics and Compliance (E&C) team. To reinforce our commitment to 
our Value, We do the right thing, we designate critical E&C courses as Threshold Training 
and set their completion rate as an E&C bonus qualifier for each zone. This means that 
each zone — North America, International, and Corporate — must achieve at least 90 
percent completion of all threshold training courses by the end of the year to reach 
their full bonus potential. If a zone does not meet or exceed their threshold training 
completion target, the total amount of bonus available for that Zone reduces by 
10 percent.
Report
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• Tax
• Trade
• Nutrition and well-being
• Labeling
• Regulatory issues related 
to ESG
• Animal welfare
• Packaging sustainability
• Sustainable sourcing
• Operational impact on            
environment
• Nutrition and well-being
• Community impact/food 
security 
• Transparency
• Climate
• Sustainable sourcing
• Animal welfare
• Packaging sustainability
• Human rights
• Food safety 
• Food waste
• Innovation
• Global hunger alleviation
• Community impact/food 
security
• Sustainable agriculture   
• Food waste
FOCUSING ON MATERIAL ESG ISSUES
* Materiality and its relevant definition as used in this report, sometimes referenced as “ESG materiality,” and our ESG materiality review 
process, is different than the definition used in the context of
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ESG Governance......................................................................................................................................................................................................  9
Stakeholder Engagement and ESG Materiality...................................................................................................................................................  11
Ethics and Compliance......................................................................................................................................................................................... 13 
Governance Commitments ........................................................................................................................
Keyword: governance
This 2023 Environmental Social Governance Report (“Report”) is the fifth Environmental Social Governance (ESG) report issued by The 
Kraft Heinz Company (“Kraft Heinz” or the “Company”). This Report reflects our commitment to transparency and provides details on our 
ESG progress in the calendar year ending December 31, 2022. Topics included in this report are based on our most significant ESG issues 
which are reviewed and updated based on our ESG Materiality Assessment. 
This Report does not include details on our financial performance. Details on our financial performance can be found in our public filings 
with the U.S. Securities and Exchange Commission (“SEC”) and on our investor relations website at ir.kraftheinzcompany.com. Materiality 
as used in this report, sometimes referenced as “ESG materiality,” and our ESG materiality review p
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the next level. Environmental Social Governance (ESG) practices are integrated into our 
long-term business strategy, from sustainably sourcing our ingredients to ensuring we’re 
prioritizing a more diverse and inclusive workforce and supplier base. 
We’re proud to share the meaningful progress we made in 2022, as we continue 
centering our ESG goals around three pillars: Healthy Living & Community Support, 
Environmental Stewardship, and Responsible Sourcing. Our Company Value, 
We dare to do better every day, focuses us on priorities and issues where we can make 
the greatest impact.  
The only way we’ll achieve real long-term progress is by teaming up with Kraft Heinz 
colleagues and a broad, diverse range of stakeholders. At the heart of Together at the 
Table are two of my favorite
Keyword: governance
Corporate Governance Guidelines, the Board aims to foster the Company’s long-term 
success and provides strategic direction to help us achieve meaningful results worldwide. 
The Board of Directors helps establish and oversee our global ESG objectives and 
framework, including matters related to operations, our supply chain, animal welfare, 
climate change, the environment, nutrition and well-being, and social issues. The Board 
of Directors reviews all significant ESG policies, processes and goals, and receives regular 
updates from the ESG team on progress against key performance indicators and other 
relevant developments.
Executive Leadership Team 
Our Executive Leadership Team provides oversight and executional leadership for our 
global ESG strategy. The
Keyword: governance
Please visit ir.kraftheinzcompany.com/corporate-governance and/or our Proxy Statement 
filed with the U.S. Securities and Exchange Commission on March 24, 2023 to learn more 
about our Company’s corporate governance structure and leadership. We are also proud 
to disclose certain ESG progress and achievements in our proxy statements. Kraft Heinz 
has also increasingly integrated and disclosed environmental related data that feeds into 
various reporting frameworks, such as Sustainalytics, the Dow Jones Sustainability 
Index, and CDP (Climate, Water and Forest questionnaires).
ESG GOVERNANCE 
The Kraft Heinz Company is committed to responsible corporate governance. We have designed our governance 
structure to enable us to live our Vision and Values.
INTRODUCTION        HEALTHY LIVING & COMMUNITY S