Metgasco has outlined its principal ESG development, focusing on corporate governance and compliance measures. The company has detailed its commitment to ethical business practices, including codes of conduct, whistleblower policies, and anti-bribery measures, as part of its corporate governance framework.
Material actions and disclosures
Metgasco has committed to conducting all business activities fairly, honestly, and in compliance with applicable laws, rules, and regulations. The company’s values are articulated and disclosed on its website, emphasizing a high level of integrity among the Board, management, and employees.
The company has a code of conduct applicable to Directors, senior executives, and employees, with any material breaches reported to the Board. Additionally, Metgasco has a whistleblower policy and an anti-bribery and corruption policy, both of which are available on the company’s website.
Metgasco does not currently set measurable gender diversity objectives due to its small size and the nature of its operations. The company’s diversity policy allows the Board to set such objectives as the Company grows in size and complexity.
The company’s remuneration and nomination committee evaluates the performance of the Board, its committees, and individual directors annually. The process includes an internal Board performance assessment, an induction protocol, and ongoing discussions with regard to the performance of the Board and its directors.
Metgasco does not have an audit committee but employs processes that independently verify and safeguard the integrity of its corporate reporting, including the appointment and removal of the external auditor and the rotation of the audit engagement partner.
The company’s risk management framework is reviewed annually, and the Board is satisfied that it continues to be sound. Metgasco also has an Environmental, Social and Governance Policy to ensure its field operations comply with permits and licenses and have minimal impact on the surrounding environments.
Metgasco’s Corporate Governance Statement is available on the company’s website, detailing the extent to which the company follows the ASX Corporate Governance Principles and Recommendations.
These measures reflect Metgasco’s commitment to ethical business practices and robust corporate governance.