Husky as a company, along with our employees and contractors, acts ethically, in accordance with the principles of good governance. We report accurately to shareholders and follow all laws and regulations in the jurisdictions where we operate.
Our environmental, social and governance programs are managed through corporate risk strategies and our annual ESG assessment process, including review and approval by senior executives, Husky’s Executive Committee and the Executive Health, Safety and Environment Committee.
Managing Risk
Enterprise Risk Management
The Corporate Risk Management Standard outlines our approach to assessing and managing risks.
Our Enterprise Risk Management program, modelled on the Committee of Sponsoring Organizations of the Treadway Commission, employs a risk matrix with seven probability factors and a scale of the severity of events to identify and assess potential hazards and risks that could impact the health and safety of people, the environment, property and the reputation of the organization. This analysis provides greater certainty for shareholders, customers and suppliers that risks are well managed, and leads to increased confidence in the communities where we operate.
Regularly throughout the year, the Corporate Risk Management group undertakes an internal assessment/risk review to better identify and manage risk, understand risk drivers within the organization and industry and promote a culture of risk awareness. The assessment determines who is accountable for the management and mitigation of each risk and identifies any emerging issues. The potential health, safety, environmental, financial and reputational impacts of each risk are assessed, with critical risks reported to the Board of Directors.
Suppliers
We select suppliers who align with our criteria for health, safety, environmental, quality and technical competence. Suppliers are evaluated, in part, on their ability to help us meet our safety and environmental goals and their commitment to environmental responsibility. Through our Global Sourcing Office, we perform audits on suppliers, including facility visits, to evaluate health, safety, environment and human rights information.
Business Continuity
We develop business continuity plans, identifying critical processes for each business unit, to mitigate impacts should a business-interrupting event occur. In 2018 we tested a business impact analysis tool that identifies and evaluates the potential effect of crisis events on day-to-day operations, to further validate our critical processes.
Plans for individual departments are updated and tested to confirm information and contingency strategies, and prepare staff. Areas with more critical processes are tested every year, while those with less critical processes are tested every two years. We often conduct exercises across multiple departments to improve efficiencies and identify any gaps in our process.
In 2018 we enhanced our Business Impact Assessment tool, our Information Systems Disaster Recovery Program and cyber security initiatives.
UN SDG
Code of Business Conduct
Employees are expected to conduct themselves in an ethical manner, with a high degree of personal integrity, in accordance with Husky’s Code of Business Conduct. Employees take mandated training every year to ensure they are aware of their responsibilities.
This includes adhering to regulations around lobbying in the jurisdictions where we operate, and we report all lobbying activities as required. We observe and respect all laws concerning political donations and we do not provide donations for municipal elections, leadership contests, individual candidates or riding/constituency associations. We do not reimburse personnel for individual political donations.
Ethics Help Line
Husky has a confidential and anonymous Ethics Help Line where employees, contractors and other stakeholders can report perceived breaches of the Code of Business Conduct. The Ethics Help Line is managed by EthicsPoint, an independent service provider. Reports can be made through an online form or by calling a toll-free phone line available in each country where Husky operates, including English and French options in Canada.
Those making a report can choose to provide information anonymously. Information provided is submitted to the Ethics Help Line Committee, which includes representatives from the legal, audit, security, health, safety, environment and human resources departments. Perceived breaches of the Code of Business Conduct reported through other channels are recorded with those received via EthicsPoint. If it is determined a report requires further investigation, a formal review will be launched. In 2018, 39 reports were made through the Ethics Help Line.
Safety and Sustainability Groups & Industry Organizations
Husky participates in sustainability groups and industry associations to better understand existing and emerging environmental, safety and social issues. We benefit from, and contribute to, industry innovation and best practices.