Experience has taught us that the combination of a solid financial foundation, operational excellence, the highest ethical standards, and the utmost regard for our employees and the people and communities we serve are the bedrock qualities of a successful company.
A standing committee of the company’s Board of Directors, referred to as the Planning and Environmental Committee, existed as early as 1973. In 1995, this committee became the company’s Environment, Health and Safety Committee (“EH&S Committee”), whose primary responsibility was to oversee the company’s efforts relating to the protection of the environment, sustainability, and the health and safety of company employees and the public. At the end of 2018, the EH&S Committee was dissolved and as of January 1, 2019, the company established a newly constituted Safety, Environment, Operations and Sustainability Committee (“SEOS Committee”). The primary responsibility of the SEOS Committee is to oversee our efforts relating to corporate responsibility and sustainability, ensuring we operate in a safe, environmentally sensitive and socially responsible manner, guard the health and safety of employees and the public, support the development and success of employees, deliver value to customers and fostering growth to meet the expectations of investors, among other responsibilities. The EH&S Committee consistently met at least four times a year. Similarly, the SEOS Committee will meet at least four times a year. At the management level, the company’s EH&S vice president, together with senior management, is responsible for developing strategic goals and programs to ensure compliance and support the company’s commitment and continued work to achieve EH&S and operational excellence. As detailed in our Sustainability Strategy, the company’s Environment, Social, and Governance Committee works to strengthen sustainability across all aspects of the company.
Part of senior management’s commitment to safety, the environment, operational excellence and sustainability includes independent oversight. The Office of the Corporate Ombudsman, reporting directly to the chairman, provides employees with an independent office to which they may confidentially report suspected violations of our Standards of Business Conduct, including ethical, legal, sustainability or EH&S concerns.
Our Environment, Health & Safety Review Board (“EH&S Review Board”) consists of outside consultants who are independent attorneys. The EH&S Review Board reports directly to the chairman. The role of the EH&S Review Board is to review the company’s management of both regulatory and internal requirements and assess whether its implementation is consistent with the company’s commitment to strive for excellence.
Public policy decisions can have significant implications for our customers, the energy systems we manage, and the future direction of our company. That’s why we participate in the political process, adhering to all the national, state, and local laws and regulations. Our engagement in the political process is grounded in and guided by our commitment to our Standards of Business Conduct.
For further details: https://www.conedison.com/en/about-us/corporate-governance/political-engagement