standards and compliance

ethical standards

All Directors, senior executives and employees are expected to act with the utmost integrity and objectivity, striving at all times to enhance the reputation and performance of the ENERGEX Group.  They are charged with performing their duties in a lawful, objective and professional manner.

The public statement of ENERGEX’s business philosophy is made through the corporate Code of Conduct.  The Code clearly enunciates the ENERGEX Group’s business ethics, social objectives and the required standards of conduct by all employees.  The Code of Conduct applies to all employees and Directors.

To ensure compliance with the Corporations Act 2001, ENERGEX has a Conflict of Interest Policy which outlines the general standards of ethical conduct expected in accordance with the Code of Conduct, provides guidance to situations which may be considered real or apparent conflicts of interest and gives clear guidance to all employees on how to report and manage conflicts of interest.  Conflicts of Interest may arise due to ownership interests in companies in the energy industry or suppliers to ENERGEX or due to other relationships which have a bearing on the interests of ENERGEX.

legal compliance

The ENERGEX Group is committed and organised to meet its various legal requirements.  Compliance is assessed through an audit program and continual monitoring of changes to the legal framework in which it operates.  In addition, an executive committee, the Risk Management and Compliance Committee, has been established to consider and review risk management and compliance practice across the ENERGEX Group.  Legal compliance training is routinely undertaken by staff whom are closely involved with compliance matters, such as safety under the Electrical Safety Act, Trade Practices and Privacy legislation.  The structure and systems support a culture of compliance.