Aggreko Products Sectors & services About us News & Media Careers Contact Us BEL Open search Home About Us Sustainability Promote Accountability And Transparency Corporate Governance, promoting transparency and accountability Holding ourselves to account and making our progress visible At Aggreko, we recognise that sustainability is not about making promises. It is about being transparent on our progress and how we are making the commitments we have made a reality. The fourth pillar of our sustainability framework is focused on promoting transparency and accountability, underpinned by five key goals: 1. Adopting robust corporate governance standards 2. Disclosing our sustainability impacts and progress on our commitments 3. Ensuring our business dealings are free from corruption 4. Providing a secure environment for our people and property 5. Protecting our data and the data of our customers and partners Key actions to support accountability Providing board oversight of our sustainability priorities and progress Disclosing our sustainability impacts and progress, including a new dashboard to share annual performance data Supporting the UN Global Compact and aligning our strategy to the 10 sustainability principles, becoming a signatory in 2021 Maintaining robust ethical policies and procedures to ensure we act with integrity and honesty Supporting the work of the Institute of Business Ethics, both sharing and adopting good practice Providing an independent, confidential way for people to report their concerns Maintaining a robust security framework for our people and assets Maintaining a robust cyber security framework to keep people, assets, data and infrastructure safe Corporate governance High standards of corporate governance are at the core of everything we do. We conduct ourselves in accordance with internationally accepted best practice, as well as complying with corporate governance requirements of individual countries. Following the recent takeover and re-registration of Aggreko, we are working through our "plc governance structure" to produce a new framework. This will be no less robust than before, but will be more suited to a large privately owned company We also report on our compliance annually in the corporate governance section of our annual report and accounts. Click here to download our 2020 Annual Report. Sustainability governance We are committed to comprehensive disclosure of our sustainability progress. We are operating within a robust sustainability framework and are recognised by global sustainability benchmarks (see External Sustainability Performance Frameworks below.) And that is how we will continually drive improvements and help our people, customers and other stakeholders meaningfully assess our performance. The Aggreko Board has collective responsibility for climate-related risks and opportunities. As CEO, Chris Weston has specific responsibility for all sustainability matters and is supported in this by the Executive Committee. This sustainability hub is a central resource of data for stakeholders, and we are committed to updating it annually. We also published our first Task Force on Climate-related Financial Disclosures (TCFD) report in our 2020 Annual Report. This provides a clear, consistent view of how sustainability factors impact financial success. Anti-bribery and corruption At Aggreko, we are committed to doing business with transparency, integrity and honesty. We have implemented robust policies to maintain these values wherever and whenever we work. We will never take part in any kind of corrupt activity, either directly or through third parties. Our dedicated compliance team ensures that our compliance framework is in line with best practice. Meanwhile, our Code of Conduct sets clear standards of behaviour for our people. We are also committed to training our people on these standards, encouraging people to speak up (including providing an anonymous whistle-blowing service) and independently investigating and, where appropriate, acting on any issues. Useful links ● Code of Conduct ● Supplier Code of Conduct ● Speaking Up Policy Maintaining the security of our people and assets With a dedicated group security team, we maintain a robust security framework in line with established best practice. This spans four key areas. Embedding minimum security standards in the diverse physical environments where we operate Implementing controls to maintain our standards, including risk assessment, audits, training and engagement Facilitating incident reporting to ensure we immediately uncover, investigate and remedy potential risks Maintaining compliance with all applicable local legal requirements and standards We also monitor security performance on an ongoing basis with routine audits as well as monthly reports to the Executive Committee and security updates at each Board meeting. Cyber security standards Good cyber security is considered a key element of our group strategy. We recognise the importance of protecting information, processes and systems - our own, our customers’ and our partners’. Our IT security team is dedicated to keeping our cyber security posture in line with best practice and the emerging threat landscape. This spans four key areas. Enabling our people to operate safely Keeping our connected assets safe Protecting the digital journeys of our customers Securing our IT infrastructure We also have a Cyber Security Forum, overseeing a programme of continuous improvement and encouraging a security-aware culture. Our cyber security performance is measured through: ● Annual reporting on progress against our cyber strategy ● A quarterly Cyber Security Forum ● Monthly dashboard metrics ● Regular audits and system tests, including vulnerability scanning ● Ongoing employee training including monthly phishing testing ● Quarterly scoring of NIST CSF control maturity ● Register of principal risks ● Register of lower-level control gaps and risks Aligning to leading sustainability performance benchmarks Our sustainability performance is benchmarked by external organisations and highly reputable third parties. We have participated in CDP submission since 2013, achieving a climate change rating of B in 2020. We produced our first TCFD report in our 2020 Annual Report explaining how sustainability factors could impact our financial success over the long term. In 2020, we achieved an ESG Risk Rating of 18.5. We support the UN Global Compact and will become a signatory in 2021. We are assessing our own sustainability goals against the UN SDGs and will report on our progress. Greener Energy With Innovative Technology Sustainability Including reducing the volume of diesel fuel used and local air quality emissions from all customer solutions in each case by at least 50% by 2030. Learn more Create better and cleaner flexible energy solutions Including reducing the volume of diesel fuel used and local air quality emissions from all customer solutions in each case by at least 50% by 2030. Learn more Reduce our own footprint Achieving net zero in our own operations by 2030 in all 80 countries where we operate. Learn more Enrich the lives of our people and communities Considering the social impact of our work with a clear commitment to safety, diversity and inclusion, health and well-being and human rights. With a focus on developing our people and communities. Learn more 12 Tell us what you need We’ll help you find what’s right for you +32 (0)3 8250271 CONTACT US SHARE THIS We believe power opens up opportunity and creates potential for individuals, communities, industries, economies and societies all over the world. 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