We act ethically in accordance with the principles of good governance, reporting accurately to shareholders and following all laws and regulations in the jurisdictions where we operate. Our environmental, social and governance programs are managed through corporate risk strategies and our ESG assessment.
Managing Risk
Enterprise Risk Management
The Corporate Risk Management Standard outlines our approach to assessing and managing risks.
Our Enterprise Risk Management program 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, property and the environment. 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.
At least twice a year the Corporate Risk Management group undertakes an internal assessment to better identify and manage risk, understand the risk drivers 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 financial, health, safety, reputational and environmental impacts of each risk are assessed, with critical risks reported to the Board of Directors.
Suppliers
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 to mitigate impacts should a business-interrupting event occur. Critical processes are identified for each business unit.
Plans for individual departments are updated and tested to validate information, confirm contingency strategies and prepare staff. Areas with more critical processes are tested every year, those with less critical processes every two years. We often conduct exercises with multiple departments to improve efficiencies and identify any gaps in our process.
In 2017 we conducted a review of our business continuity program, with support from a third-party expert, with identified improvements planned for 2018. A key focus is to align our program with ongoing enhancements to the Information Systems Disaster Recovery Program and cyber security initiatives.
UN SDG
Code of Business Conduct
In accordance with Husky‘s Code of Business Conduct, employees are expected to conduct themselves in an ethical manner, with a high degree of personal integrity. We mandate training for employees so they are aware of their responsibilities.
This includes adhering to regulations around lobbying in the jurisdictions where we operate. We report any lobbying activities as required. We do not provide political donations for municipal elections, leadership contests, individual candidates or riding/constituency associations, and 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 either through an online form or by calling toll-free phone lines 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 through EthicsPoint. If it is determined a report requires further investigation, a formal review will be launched. In 2017, 32 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 environmental, safety and social issues while benefitting from, and contributing to, industry innovation and best practices.
