Governance
At Evolugen, we take pride in our strong
culture of ethics that is reflected in the way we manage our business and interact with others.
- Ethical Conduct
- Transparency & Accountability
- Risk & Crisis Management
Ethical Business Conduct
We manage our business with transparency and veracity, building trust among our stakeholders, Indigenous partners and our employees. Our culture is reinforced throughout our organization with an emphasis on employee training, awareness of best practices and promotion of adherence to all laws, regulations, policies, guidelines and rules. We have adopted a policy framework and implemented programs to ensure that each employee conducting activities on our behalf, adhere to these high ethical and professional standards.
Code of Business Conduct and
Ethics (CODE)
Our Code outlines our values and ethical standards that guide our actions and behaviours.
All new employees are required to read and attest to the Code upon acceptance of their employment offer and to complete online training shortly after joining our organization. Each employee is required to certify compliance annually.
Anti-Bribery and Anti-Corruption (ABC) Policy
We have a zero-tolerance approach to bribery and corruption, including facilitation payments, and we require that every employee adhere to the ABC Policy.
Online training is provided to each new employee at the start of their employment and employees holding positions at elevated risk for bribery and corruption are required to complete annual business specific anti-bribery and anti-corruption training.
Reporting
Ethical
Concerns
We promote openness and transparency by encouraging the reporting of any unethical or illegal behaviour to a supervisor, legal counsel or senior executive.
100%
of employees attested to Code of conduct
All employees recertify their compliance with the Code on an annual basis. This approach aids in ensuring adherence to ethical principles and standards and underscores our commitment to upholding the highest levels of corporate responsibility and integrity.
232
hours of Anti-Bribery and Anti-Corruption training
100%
Employee participation to Anti-Bribery and Anti-Corruption training
100%
of vendors attested to Vendor Code
Our newly implemented Vendor Code outlines our expectations for vendors to comply with applicable laws and regulations, adhere to our ABC Policy, respect and support human rights values and ethical standards and to have the necessary policies and procedures in place to support such commitments within their supply chain.
Third Party Procurement
As part of our procurement process, our contractors are required to adhere to both the Code of Conduct and ABC Policy as well as our Third-Party Due Diligence Guidelines that set out our requirements for assessing third party bribery and corruption risk.
Consistent with Brookfield Renewable’s commitment to integrating ESG considerations into investing and operating strategies, we implemented a new vendor specific Code of Conduct and issued Supply Chain Guidelines in 2022. The measures ensure that our suppliers adhere to the same principles and encourage transparency in the projects that we build and operate. As a result, scoped-in suppliers are required to report greenhouse gas emissions related to purchased goods and services as well as undergo an ESG screening with respect to their human rights practices, health and safety culture, waste management and conflict mineral tracing.
These additional protocols and procedures related to supplier engagement aim to mitigate ESG risk associated with natural resource depletion, human rights abuses and corruption, safeguarding both our reputation and social license to operate. Working collaboratively with our suppliers, means building a sustainable future for all.
Enterprise Risk Management
At Evolugen, we understand that managing risk is an essential aspect of our business, improving decision-making, increasing transparency and enhancing stakeholder confidence. Therefore, we have implemented an enterprise risk management program based on categories of risks that have the potential to affect our ability to achieve our business objectives. Each risk category is assessed to determine its pre-mitigation risk, our mitigation effectiveness, and subsequent residual risk.
As part of our comprehensive enterprise risk framework, we assess and mitigate catastrophic risks on an annual basis. We define catastrophic risks as those that may result in severe consequences to the public, environment, or reputation of our organization due to asset failure. We identify facilities that are at risk of a catastrophic event and focus on those that may lead to loss of life, third-party economic impact, or reputational harm.
REPORTING
Transparency
in Our Actions
Please consult our 2022 Sustainability Report for more information on our ESG Program, including our material topics and our sustainability progress.
2022 SUSTAINABILITY REPORT