Governance at Grainger is built around the long-term interest of our shareholders and is supported by the commitment of our Board of Directors to monitor and provide counsel to our executive leaders in their efforts to maximize our overall performance.
Governance at Grainger
Our commitment to Corporate Social Responsibility begins with our Board of Directors. Our board, guided by the Operating Principles for the Board of Directors, is responsible for the overall stewardship, governance and performance of Grainger. The board oversees the company’s business affairs and integrity, works with management to determine the company’s mission and long-term strategy, establishes internal control over financial reporting and assesses company risks and strategies for risk mitigation.
Corporate Social Responsibility is about doing the right thing – it is about seeking the best solution for our customers, creating long-term success for our shareholders, leading by example with our suppliers and integrating Grainger’s values and the values of our people across the business.”
JAMES T. RYAN
CHAIRMAN OF THE BOARD
In accordance with the Operating Principles for the Board of Directors, the board maintains three committees: Audit Committee, Compensation Committee and Board Affairs and Nominating Committee. The board has delegated authority to each committee through individual charters that establish the roles and responsibilities of the committees in accordance with Grainger’s Bylaws and the Operating Principles. Only independent directors serve on these committees.
Among the responsibilities of the Board Affairs and Nominating Committee is reviewing and providing guidance to management on our Corporate Social Responsibility policies and programs, including environmental sustainability and community engagement.
*For more information, Grainger’s Corporate Governance fact sheet is available online.
Corporate Social Responsibility Governance
Grainger strives to serve others responsibly. To do so, we harness the power of our sound business principles, strong policies, sustainable facilities and engaged workforce to drive the investment and strategic alignment of our Corporate Social Responsibility program.
Structure and Strategy The Corporate Social Responsibility Working Group, established in 2014, is led by a senior executive and is composed of leaders and subject matter experts in targeted functional areas. These individuals lead teams that support initiatives within our four pillars and are responsible for implementing programs to drive progress against our citizenship goals.
The executive sponsor of the CSR Working Group provides guidance on the implementation of our Corporate Social Responsibility initiatives, and ensures that program development is designed with our business objectives in mind.
The Charter for the Board Affairs and Nominating Committee of our Board of Directors includes the responsibility to review and provide guidance to management about our policies and programs that relate to Corporate Social Responsibility, including environmental sustainability and community engagement. It conducts this review on an annual basis, with information provided by the CSR Working Group.
Our team members’ engagement with these programs helps embed corporate stewardship into the fabric of our company. By volunteering in our communities, participating in our Green Ambassador program and collaborating on cross-functional projects, our team members bring to life our citizenship ambition as we help each other grow and succeed.
FORWARD: What’s Coming in Our 2017 Report