Leadership and Governance
Corporate Governance
Jadestone believes that an effective corporate governance framework adds value to its business and enhances stakeholder confidence. In 2020, Jadestone adopted the Quoted Companies Alliance ("QCA") Corporate Governance Code.
Neil Prendergast
General Counsel and Company Secretary
"Jadestone’s ability to create long-term value for its stakeholders is the key measurement of successful corporate governance, underpinned by high standards of business ethics and an uncompromising commitment to compliance."
Zero
violations of anti-bribery and
anti-corruption laws
Climate
scenario analysis as per TCFD
ESG oversight
strengthened at Board level
ESG Oversight
Jadestone ensures that it has appropriate structures, policies and procedures in place that provide governance over all sustainability-related aspects of its activities. In 2021, the Board reorganised its committees, in order to ensure appropriate oversight of its ESG responsibilities.
Jadestone's ESG and climate governance structure
Board of Directors
Retains overall accountability for the strategic direction and performance of the Group and in doing so acts on behalf of its stakeholders
Board Committees
Assists the Board to discharge its responsibilities across:
Health, Safety, Environment and Climate (“HSEC”) Committee
Governance and Nomination Committee
Audit Committee
Remuneration Committee
Disclosure Committee
Executive Directors: CEO & CFO
Executive Directors hold the ultimate responsibility for the formation, delivery and execution of the Group's strategy
Executive Leadership Team
The executive leadership team is responsible for the delivery of strategy in accordance with the requirements of the Board
Climate Change Working Group
Country HSE Committees
Country operational forum
CSR and HR forum
Enterprise risk register review
Legal and governance forum
Business ethics
Jadestone takes a strong position on ethical matters, with zero tolerance for fraud, bribery and corruption.
Jadestone’s Code of Conduct sets out the standards we expect of our directors, employees, contractors and business partners in their work and in their engagement with our colleagues, customers, suppliers, communities and other stakeholders.
Climate change and business model resilience
Jadestone continues to assess the associated risks and opportunities, chartering a resilient path for its business through the energy transition.
Jadestone continues to implement the recommendations of the Task Force on Climate-Related Financial Disclosures (“TCFD”). Please refer to pages 15-21 of the 2022 Annual Report for more information.
Asset integrity and critical incident management
As an operator of mid-life assets, Jadestone delivers process safety through a holistic approach to asset integrity management that covers plant, process and people improvements.
Jadestone is committed to minimizing process safety risks to as low as reasonably practicable (“ALARP”) levels and operating effective and reliable emergency response and preparedness systems.
To ensure that it is prepared to manage a low probability/ high-consequence major accident event, Jadestone utilises a tiered incident response structure to deal with and manage crises, incidents and disruptions associated with each of the organisation’s risks.
