Sustainability is an integral part of everything that we do and our framework is to build around the three pillars of economic, social and environment. We have embedded these pillars into our values and operations in a transparent and accountable manner to achieve a safe, efficient and profitable business. We see ourselves as the custodian of shaping a more sustainable long term business that benefits the wider communities in which we operate in.
Our sustainability strategy and commitments, which are aligned to the principles of the UN Global Compact, will support our strategic priorities, specifically the provision of a safe and sustainable environment, and the engagement, attraction, development and retention of people.
Our sustainability strategy
Our sustainability vision is to solve tomorrow’s energy challenges explore potentials and propel the future.
We make sure that as a business we provide a balance between managing risk and unlocking opportunities that deliver long-term value to our business, our employees, our communities and ultimately our partners.
We have aligned our commitments to the UN Global Compact principles with our values and behaviors, ensuring these are embedded within our policies, procedures and standards.
Doing the right thing is none negotiable to us and we ensure this by monitoring our progress through the Global Compact’s KPIs and functional strategy and targets.
The key areas we incorporate into our business are:
- Human & Labor Rights : Diversity & Inclusion, Human rights, Health & Safety.
- Environment: Environmental management, Carbon management, Resource efficiency.
- Anti-bribery & Corruption: Code of Business Conduct & Ethics, Anti-bribery & corruption, Supply chain.
- Community: Educational partnerships, Strategic partnerships, Community investment.
Progress against these key areas of focus can be found through our sustainability report.(link to Sus report file in publications)
Our board is collectively responsible for delivering sustainable long-term shareholder value in line with its obligations to and the expectations of the group’s stakeholders. The board is responsible for setting the Company’s strategic aims and providing the leadership and resources to achieve its objectives. High quality corporate governance helps to underpin long-term company performance and the board is responsible for maintaining strong governance practices and regularly reviewing the Company’s governance structure.
The Code of Business Conduct is the cornerstone of the Company’s approach to governance and is applicable to all employees, including the Chief Executive Officer, Chief Financial Officer and other senior financial professionals. The Code of Business Conduct is the responsibility of, and is upheld by, the board. It acts as a guide for our day-to-day working life, providing a practical application of Dana Energy’s values and ensuring all those who work for and under Dana Energy’s direction understand the behavior that is expected of them.
The board is supported in its work by four board committees:
- CSR and Ethics
chaired by either the board Chairman or another non-executive director, and a number of management committees and groups, chaired by executing directors, to which specific responsibilities have been delegated. Key management committees which meet regularly throughout the year and relate to the management of sustainability issues.
Dana Energy remains committed to the ten principles of the UN Global Compact. The vision is for the principles of the Global Compact to be embedded within our policies and procedures, our behaviors and our culture across the organization. We are working to ensure that our business lines work with our supply chain partners, clients, business partners and peers to disseminate the requirements along the value chain.