I am pleased to reaffirm my support for the ten Principles of the United Nations Global Compact covering the areas of Human Rights, Labour, Environment and Anti-Corruption.
Since becoming a signatory to the United Nations Global Compact (UNGC) in 2016, we are proud to be one of over 9,500 business signatories to the UNGC across 160 countries, including over 100 actively participating organisations in Australia. As further demonstration of AGL’s commitment to the UNCG Principles, I attended the United Nations CEO Private Sector Forum in September 2017 with leaders of other organisations.
Below, you will find our 2018 UNGC Content Index, designed to provide our stakeholders with an overview of how we are meeting or implementing the UNGC principles through links to relevant sections of AGL’s 2018 Sustainability Report.
I trust you will find this Communication on Progress and our broader 2018 Sustainability Report informative.
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Andy Vesey
Managing Director and CEO, AGL Energy Limited
9 August 2018
Principle | Response or link to 2018 Sustainability Report | |
|---|---|---|
1 | Businesses should support and respect the protection of internationally proclaimed human rights | Behaviour of AGL's directors, employees and contractors is guided by the AGL Values and the AGL Code of Conduct. AGL operates in Australia only in accordance with the laws of Australia. Our Sustainability Report covers many issues that relate to human rights, including: |
2 | Make sure that they are not complicit in human rights abuses | |
Principle | Response or link to 2018 Sustainability Report | |
|---|---|---|
3 | Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining | As reported in the Workplace culture and talent section of AGL’s Sustainability Report, AGL upholds the freedom of association and the right to collective bargaining. As at end of FY18, more than 50% of AGL's workforce was covered by collective bargaining agreements. |
4 | The elimination of all forms of forced and compulsory labour | AGL operates in Australia only in accordance with the labour laws of Australia and AGL’s Code of Conduct. AGL's Supplier Code of Conduct, which applies to our suppliers. The latter code prohibits any form of child, forced or involuntary labour, and requires our suppliers to abide with all international standards and domestic regulations relating to the employment of children. |
5 | The effective abolition of child labour | |
6 | The elimination of discrimination in respect of employment and occupation | The Workplace culture and talent section describes our approach to diversity and inclusion, and the removal of discrimination, and how these attributes are promoted and embedded throughout our business. Our Supplier Code of Conduct requires our suppliers to promote an inclusive workplace free of discrimination, harassment, bullying and other unlawful behaviour on discriminatory grounds. |
Principle | Response or link to 2018 Sustainability Report | |
|---|---|---|
7 | Businesses should support a precautionary approach to environmental challenges | AGL's Environment Policy sets out our corporate environmental vision, of protecting the environment and minimising our environmental footprint in the areas we operate. Our precautionary approach to climate change is reflected in our AGL Greenhouse Gas Policy and expanded on in the Transition to low carbon energy section as well as our Powering a climate resilient economy report, prepared in accordance with the recommendations of the Financial Stability Board Task Force on Climate-related Financial Disclosures (TCFD). |
8 | Undertake initiatives to promote greater environmental responsibility | AGL is committed to playing a leading role in developing a pathway to a modern, decarbonised generation sector through investment in new renewable energy and near-zero emission technologies. Our Sustainability Report covers many issues that relate to environmentally-responsible initiatives and technologies, including: |
9 | Encourage the development and diffusion of environmentally friendly technologies | |
Principle | Response or link to 2018 Sustainability Report | |
|---|---|---|
10 | Businesses should work against corruption in all its forms, including extortion and bribery | As outlined in the Strong and ethical governance section, AGL has embedded risk-based anti-bribery and corruption controls throughout our processes and policies, including within the AGL Code of Conduct and the Fraud and Corruption Risk Control Policy. We also have a comprehensive Anti-Money Laundering / Counter-Terrorism Financing Compliance Program and an Australian Financial Services Licence Compliance Program within our wholesale markets (energy trading) areas. In this regard we conduct regular risk assessments to determine the adequacy of the controls that are in place. |