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21/09/2018
ENGIE Establishes Responsible Business Charter And Scrutiny Board
ENGIE has committed to operating at the highest economic, social and environmental standards by establishing a new Responsible Business Charter and independent Scrutiny Board.
The new Charter pledges the Group to making commitments in four areas of fair business growth, transparency and accountability, being a fair employer, and supporting our communities and environment. In addition, it responds to the need for the business to demonstrate how it contributes to society more widely.
The Company's adherence with the Responsible Business Charter will be overseen by the newly established independent Scrutiny Board, which is responsible for holding the business accountable against the commitments of the Charter. The four commitments will be validated by supporting Key Performance Indicators (KPIs) on key issues including, speed of supplier payments, fair executive pay, customer satisfaction, pension obligations, environmental and social responsibility, diversity and inclusion, and living wage.
The Board, which will be Chaired by Lord Bob Kerslake and comprising Sir Mike Rake, Joan MacNaughton, Lord Victor Adebowale, Jane Ramsey, and Baroness Jeannie Drake, will report back to ENGIE's UK Executive Board and is supported by the Centre for Public Scrutiny.
Wilfrid Petrie, Chief Executive Officer of ENGIE UK, said: "Operating in a responsible and transparent manner has been absolutely fundamental to ENGIE's operations, and I am proud that we have formally established this commitment through the Responsible Business Charter. I believe that the Charter and work of the Scrutiny Board will establish a new industry standard helping us to lead in responsible business practice."
Lord Bob Kerslake, Chair of the Scrutiny Board, said: "UK energy and service companies are facing evermore public scrutiny of their business, so it is extremely encouraging that ENGIE has acted pro-actively to strengthen their business practice. I and the other Scrutiny Board members are looking forward to working with ENGIE to ensure they continue to operate for the benefit of all their stakeholders."
(LM/MH)
The new Charter pledges the Group to making commitments in four areas of fair business growth, transparency and accountability, being a fair employer, and supporting our communities and environment. In addition, it responds to the need for the business to demonstrate how it contributes to society more widely.
The Company's adherence with the Responsible Business Charter will be overseen by the newly established independent Scrutiny Board, which is responsible for holding the business accountable against the commitments of the Charter. The four commitments will be validated by supporting Key Performance Indicators (KPIs) on key issues including, speed of supplier payments, fair executive pay, customer satisfaction, pension obligations, environmental and social responsibility, diversity and inclusion, and living wage.
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The Board, which will be Chaired by Lord Bob Kerslake and comprising Sir Mike Rake, Joan MacNaughton, Lord Victor Adebowale, Jane Ramsey, and Baroness Jeannie Drake, will report back to ENGIE's UK Executive Board and is supported by the Centre for Public Scrutiny.
Wilfrid Petrie, Chief Executive Officer of ENGIE UK, said: "Operating in a responsible and transparent manner has been absolutely fundamental to ENGIE's operations, and I am proud that we have formally established this commitment through the Responsible Business Charter. I believe that the Charter and work of the Scrutiny Board will establish a new industry standard helping us to lead in responsible business practice."
Lord Bob Kerslake, Chair of the Scrutiny Board, said: "UK energy and service companies are facing evermore public scrutiny of their business, so it is extremely encouraging that ENGIE has acted pro-actively to strengthen their business practice. I and the other Scrutiny Board members are looking forward to working with ENGIE to ensure they continue to operate for the benefit of all their stakeholders."
(LM/MH)
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