NuEnergyGas (NGY) has announced its commitment to corporate governance and ethical standards, including a formal code of conduct and a whistleblower policy. The company aims to bring high value to investors and the market on a sustainable scale, while developing and providing clean energy.
Material Actions and Disclosures
NGY has disclosed its values and policies on ethical conduct, business conduct, compliance, privacy, security of information, integrity, and conflicts of interest. The company also ensures compliance with all international health and safety standards, striving to meet its annual goal of zero incidents across its operations.
NGY has developed a sustainability program with local partners and is committed to minimising the operational impact on local communities. The company also provides local community members with employment opportunities where possible.
The Board has adopted a formal Code of Conduct to be followed by all employees and officers, available on the Company’s website under the heading “Corporate Governance”. Additionally, NGY has a Board-approved Whistleblower Policy and an Anti-Bribery and Corruption Policy, both available on the Investor page on the Company’s website.
NGY has also established a diversity policy, designed to contribute to the achievement of its corporate objectives, including diversity of gender, age, ethnicity, cultural backgrounds, and disability. However, the company has not yet established formal measurable objectives for achieving gender diversity.
Forward Commitments
NGY aims to increase diversity in the workplace once the company develops and will ensure the participation of women and employees with a mix of skills and diverse backgrounds in the Company in order to broaden the talent pipeline where future leaders can be drawn.
The company also plans to implement a formal process for self and peer evaluation of the Board’s performance, although it has not been deemed necessary to institute a formal documented performance review program of individuals at this stage.
NGY is committed to facilitating effective two-way communication with investors and welcomes shareholder participation at the AGM and shareholder and investor enquiries.
These disclosures and commitments are part of NGY’s broader strategy to act ethically and responsibly, safeguard the integrity of corporate reports, and respect the rights of security holders.
Attributed to the NuEnergyGas Corporate Governance Statement and the Company’s website.