59
To the Shareholders
Introduction
Sustainability
Review
Report
of the
Supervisory
Board
Other
Information
Financial
Statements
Report
of the
Executive
Board
The Remuneration Committee also received a report
on the status and trends in executive remuneration
and executive remuneration governance in order to
fulfil its remuneration governance responsibilities.
The report aimed, among other things, to review
alignment of the Company’s remuneration practices
with its remuneration principles, to provide an
overview of the Company’s competitive remuneration
positioning versus the market, to assess the relation
between actual remuneration and performance,
and to update the Committee on executive
compensation trends, regulatory developments
and views of investors, external stakeholders
including public opinion.
The Committee made recommendations to the
Supervisory Board regarding the achievement of the
2022 targets and related compensation of the
Executive Board and the 2023 target setting of the
Executive Board, that were endorsed by the
Supervisory Board. As part of the recommendations,
the Remuneration Committee took note of the
Executive Board members’ views with regard to the
amount and structure of their own remuneration.
The Remuneration Committee also discussed the
Remuneration Policy for the Supervisory Board in light
of the legislation that provides that the Policy shall be
referred to the AGM every 4 years, and therefore will
be part of the agenda of the AGM 2024. The
Committee also reflected on the appropriateness of
the fees of the Supervisory Board in light of the
increased scope of activities and responsibilities next
to the overall internal and external developments of
fees of Supervisory Board members.
Furthermore, after receiving valuable feedback from
shareholders and shareholder interest organisations at
the AGM 2022 with respect to the Remuneration
Report, several changes were implemented and were
discussed in the AGM 2023. The Remuneration Report
received high voting outcomes at the AGM 2023.
Remuneration Committee
Composition: Mr. Hijmans van den Bergh (Chairman
as per 13 December 2023), Mr. Das (Chairman and
member until 13 December 2023), Mr. de Carvalho,
Mr. Huët, Mrs. Helmes. The Remuneration Committee
met three times.
The details of the remuneration practices and
outcome of 2023 are in the 2023 Remuneration
Report, which is included in this Annual Report.
Sustainability and Responsibility Committee
Composition: Mr. Paranpje (Chairman as per 16
February 2023), Mr. de Carvalho, Mrs. Mars Wright,
Mrs. Ripley, Mr. Fernandez Carbajal (Chairman and
member until 15 February 2023) and Mr. Hijmans van
den Bergh (member as per 14 December 2023).
The Committee met three times.
Heineken
N.V.
Annual
Report
2023
In 2023, the following subjects were on the agenda:
- The operationalisation of the Brew a Better World
2030 strategy and the progress made against the
KPIs across the three key pillars of the strategy, being
environmental, social and responsible consumption.
- Various deep dives within the three pillars, including
on social sustainability and human rights, responsible
consumption, circularity and the role of alcohol in
society.
- At the end of the year, the learnings from Brew a
Better World delivery since the launch in 2021 were
discussed, including the right target setting, the
prioritisation by Operating Companies and
stakeholder expectations. The impact of increased
sustainability reporting was also discussed.
- The focus areas, risks and opportunities of the
Company in the area of the Brew a Better World
strategy for 2024 and beyond. As various KPIs of
Brew a Better World were set for 2023, the
sustainability priorities and target setting
beyond 2023 were discussed, taking into account
progressive insights, legislation and internal and
external expectations.
