Business conduct
We believe ethical business conduct is fundamental to sustainable business. Integrity, transparency, and social responsibility are at the heart of everything we do. Through training, internal communication, and role models, we encourage our employees not only to embody our core values but also to live by and promote them.
Within the business conduct topics, we identify the following impacts, risks, and opportunities:
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Governance |
Impact, risk or opportunity |
Value chain |
Time frame |
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Material topic |
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Management of relationships with suppliers, incl. payment practices |
Actual positive impact: To support the financial stability of its suppliers, including small and medium-sized enterprises, Enexis has a policy of paying for delivered goods and services within 30 days. |
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Corruption and bribery |
Potential negative impact: Bribery of employees (e.g. by criminal organisations or in procurement processes) undermines public confidence in Enexis' independent position. |
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Potential negative impact: Internal pressure on employees to prioritise customers on waiting lists, followed by external pressure/bribery/conflicts of interest, has negative consequences for employees as well as for society's loss of trust in Enexis' independent position. |
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Potential risk: Bribery may result in limited access to financial resources from investors due to reputational damage. |
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Political engagement and lobbying activities |
Potential positive impact: Enexis works to achieve societal goals and needs the right (legal) resources to do so. By influencing new policies, laws and regulations at an early stage, Enexis can ensure that they fit well with the practical needs of a grid operator. In this way, we ensure that social value is optimised. |
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Potential risk: Due to the political-administrative climate with many changing majorities, policy changes or amendments to laws and regulations may be delayed or change direction. This may result in a risk of non-compliance, which could lead to enforcement action, sanctions or legal proceedings (including claims for damages). As grid operators have to plan their investments well in advance, policy changes/laws and regulations may be delayed or become inappropriate. In the latter case, there is a potential risk of impairment. |
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Potential opportunity: A strong and continuous dialogue with policymakers and stakeholders is essential. The better Enexis aligns laws and policies with the practical needs of a grid operator, the more effectively it can fulfil its role - to develop, manage and maintain energy infrastructure efficiently and at the lowest cost to society. |
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Information security |
Potential negative impact: As a result of inadequate information security, unauthorised persons could gain access to Enexis' systems and customer and employee data, resulting in negative consequences for Enexis, its employees and customers due to misuse of systems and data. |
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Potential negative impact: Inadequate information security could allow unauthorised persons to access the energy infrastructure and potentially disrupt or damage it. This could result in temporary loss of data and/or energy for Enexis and its customers. |
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Potential risk: Unauthorised system access and data breaches could result in high ransomware costs, fines from authorities, customer claims for damages and reputational damage, which could hinder access to capital markets. |
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