Holding ourselves to account and making our progress visible

At Aggreko, we recognise that sustainability is not about making promises. It is about being transparent on our progress and how we are making the commitments we have made a reality.

The fourth pillar of our sustainability framework is focused on promoting transparency and accountability, underpinned by five key goals:

1. Adopting robust corporate governance standards
2. Disclosing our sustainability impacts and progress on our commitments
3. Ensuring our business dealings are free from corruption
4. Providing a secure environment for our people and property
5. Protecting our data and the data of our customers and partners

Key actions to support accountability

Providing board oversight of our sustainability priorities and progress

Disclosing our sustainability impacts and progress, including a new dashboard to share annual performance data

Supporting the UN Global Compact and aligning our strategy to the 10 sustainability principles, becoming a signatory in 2021 

Maintaining robust ethical policies and procedures to ensure we act with integrity and honesty

Supporting the work of the Institute of Business Ethics, both sharing and adopting good practice

Providing an independent, confidential way for people to report their concerns

Maintaining a robust security framework for our people and assets

Maintaining a robust cyber security framework to keep people, assets, data and infrastructure safe

 

Corporate governance

High standards of corporate governance are at the core of everything we do. We conduct ourselves in accordance with internationally accepted best practice, as well as complying with corporate governance requirements of individual countries.

Following the recent takeover and re-registration of Aggreko, we are working through our "plc governance structure" to produce a new framework. This will be no less robust than before, but will be more suited to a large privately owned company

We also report on our compliance annually in the corporate governance section of our annual report and accounts.

Click here to download our 2020 Annual Report.

Sustainability governance

We are committed to comprehensive disclosure of our sustainability progress. We are operating within a robust sustainability framework and are recognised by global sustainability benchmarks (see External Sustainability Performance Frameworks below.) And that is how we will continually drive improvements and help our people, customers and other stakeholders meaningfully assess our performance.

The Aggreko Board has collective responsibility for climate-related risks and opportunities. As CEO, Chris Weston has specific responsibility for all sustainability matters and is supported in this by the Executive Committee.

This sustainability hub is a central resource of data for stakeholders, and we are committed to updating it annually. We also published our first Task Force on Climate-related Financial Disclosures (TCFD) report in our 2020 Annual Report. This provides a clear, consistent view of how sustainability factors impact financial success.

Anti-bribery and corruption

At Aggreko, we are committed to doing business with transparency, integrity and honesty. We have implemented robust policies to maintain these values wherever and whenever we work. We will never take part in any kind of corrupt activity, either directly or through third parties.

Our dedicated compliance team ensures that our compliance framework is in line with best practice. Meanwhile, our Code of Conduct sets clear standards of behaviour for our people. We are also committed to training our people on these standards, encouraging people to speak up (including providing an anonymous whistle-blowing service) and independently investigating and, where appropriate, acting on any issues.

Useful links

Code of Conduct
Supplier Code of Conduct
Speaking Up Policy

Maintaining the security of our people and assets

With a dedicated group security team, we maintain a robust security framework in line with established best practice. This spans four key areas.

Embedding minimum security standards in the diverse physical environments where we operate

Implementing controls to maintain our standards, including risk assessment, audits, training and engagement 

Facilitating incident reporting to ensure we immediately uncover, investigate and remedy potential risks 

Maintaining compliance with all applicable local legal requirements and standards


We also monitor security performance on an ongoing basis with routine audits as well as monthly reports to the Executive Committee and security updates at each Board meeting.

 

Cyber security standards

Good cyber security is considered a key element of our group strategy. We recognise the importance of protecting information, processes and systems - our own, our customers’ and our partners’.

Our IT security team is dedicated to keeping our cyber security posture in line with best practice and the emerging threat landscape. This spans four key areas.

Enabling our people to operate safely

 Keeping our connected assets safe

Protecting the digital journeys of our customers 

Securing our IT infrastructure

 

 

We also have a Cyber Security Forum, overseeing a programme of continuous improvement and encouraging a security-aware culture.

Our cyber security performance is measured through:

Annual reporting on progress against our cyber strategy
A quarterly Cyber Security Forum
Monthly dashboard metrics
Regular audits and system tests, including vulnerability scanning
Ongoing employee training including monthly phishing testing
Quarterly scoring of NIST CSF control maturity
Register of principal risks
Register of lower-level control gaps and risks

Cyber Essentials LogoISO 27001NIST CSF

 

Aligning to leading sustainability performance benchmarks

Our sustainability performance is benchmarked by external organisations and highly reputable third parties.

Logo of CDP - which tracks environmental impact
We have participated in CDP submission since 2013, achieving a climate change rating of B in 2020.

TCFD Logo
We produced our first TCFD report in our 2020 Annual Report explaining how sustainability factors could impact our financial success over the long term.

Sustainalytics logo
In 2020, we achieved an ESG Risk Rating of 18.5.

Logo of UN Global Compact
We support the UN Global Compact and will become a signatory in 2021.

Multi year strategy of the UN Global Compact

We are assessing our own sustainability goals against the UN SDGs and will report on our progress.

 

 

 

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