ENGIE Establishes Responsible Business Charter and Independent Scrutiny Board
ENGIE, the leading energy and services Group, has established a new Responsible Business Charter and independent Scrutiny Board, further underlining the company’s commitment to operate to the highest economic, social and environmental standards.
The Responsible Business Charter ensures that ENGIE will make commitments in the four areas of fair business growth, transparency and accountability, being a fair employer, and supporting our communities and environment. The Charter responds to the need for the business to demonstrate how it contributes to society more widely.
The Company’s adherence with the Responsible Business Charter will be overseen by the newly established independent Scrutiny Board, Chaired by Lord Bob Kerslake and comprising Sir Mike Rake, Joan MacNaughton, Lord Victor Adebowale, Jane Ramsey, and Baroness Jeannie Drake. The Scrutiny Board will report back to ENGIE’s UK Executive Board and be supported and independently validated by the Centre for Public Scrutiny.
The Scrutiny Board has the responsibility of holding the business accountable against the commitments of the Charter. The four commitments will be validated by supporting Key Performance Indicators (KPIs) on key issues including, speed of supplier payments, fair executive pay, customer satisfaction, pension obligations, environmental and social responsibility, diversity and inclusion, and living wage.
Wilfrid Petrie, CEO of ENGIE UK, said: “Operating in a responsible and transparent manner has been absolutely fundamental to ENGIE’s operations, and I am proud that we have formally established this commitment through the Responsible Business Charter. I believe that the Charter and work of the Scrutiny Board will establish a new industry standard helping us to lead in responsible business practice.”
Lord Bob Kerslake, Chair of the Scrutiny Board said: “UK energy and service companies are facing evermore public scrutiny of their business, so it is extremely encouraging that ENGIE has acted pro-actively to strengthen their business practices. I and the other Scrutiny Board members are looking forward to working with ENGIE to ensure they continue to operate for the benefit of all their stakeholders.”
The role of the Scrutiny Board is to validate and scrutinise the KPIs of the charter throughout the year, with the outcomes and recommendations publicly disclosed through an independent Annual Report, which will be managed and overseen by the Centre for Public Scrutiny.
More information on the Responsible Business Charter and Scrutiny Board can be found here: www.engie.co.uk/responsiblebusiness and periodic announcements will be made as the work of the Scrutiny Board progresses.