We believe that adherence to good corporate governance principles is essential for the achievement of our strategic goals. We are committed in doing business ethically, with integrity and in full compliance with laws and regulations. We continue to improve our internal systems and to be transparent about the ways we manage environmental, social and governance topics across our business and our stakeholders. Our leadership and governance structure is crucial in the execution of our strategies and delivering our vision, assuring that the long-term interests of stakeholders are being served.
To aid in good governance, several committees assist the Board in the oversight of various areas of the business. ACEN’s Board has constituted the following committees for this purpose: Audit Committee, Executive Committee, Personnel and Compensation Committee, Corporate Governance and Nomination Committee, Board Risk Management and Related Party Transactions Committee, and a Sustainability Committee.
Our governance framework is constantly evolving to align with best practices and to satisfy the changing expectations of regulators, investors, and other stakeholders. By continuously evaluating and improving our governance structures, systems, and procedures, we can ensure that proper and adequate controls are in place to sustain the business. Recently, the Board approved the creation of a Sustainability Committee, which is responsible for the oversight of sustainability issues and climate-related risks and opportunities. Dedicating a committee to sustainability reinforces the commitment of the Board towards climate governance, and oversight over the business as we move towards a low carbon portfolio.
At the executive level, the ESG Committee advises on ESG-related matters in policymaking as well as monitors performance on key ESG metrics and indicators.
At the corporate level, the Sustainability team performs sustainability and climate oversight function. This is headed up by the VP for Corporate Communications and Sustainability who has oversight in terms of managing sustainability initiatives, and the company’s climate-related risks and opportunities, as well as climate-related disclosures.
At the project level, project development leads proactively mitigate physical effects of climate
change in the planning and design of new projects. The Sustainability team works closely with the project development teams to ensure that any environmental issues are adequately addressed. For operating plants, plant managers, HSSE leads and pollution control officers work closely with the Sustainability team to address any environmental issues and manage physical risks of climate change.
ACEN shares the responsibility of furthering the sustainability agenda with its various partners and communities.
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