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Governance and Ethics

Aecon has a record of upholding high standards of governance, ethics, compliance and risk management.

 

We have taken proactive steps to strengthen our performance and accountability in a number of areas, including through anti-corruption training and new risk management mechanisms.

Economic Growth
Decent Work and Economic Growth

Aecon's sustainability program has strong support across our organizations  from our Board, executive team and employees on job sites across Canada, and beyond. Our objectives are articulated in an overarching Sustainability Policy (October 2019) and our sustainability program, like all our activities, is grounded in Aecon's Core Values.

 

How our Core Values drive our sustainability program



Core ValuesAlignment to our sustainability program
Safety First - We're committed to a safe, healthy work environment and a 'zero injury' culture.Every part of our success, including on sustainability, is founded on our commitment to keeping our teams and communities safe and healthy.
Trust and Candour - We conduct ourselves professionally, with candour, respect and integrity. Honest, transparent communication is a sustainability practice. Tracking our gains, acknowledging setbacks and being honest about the work yet to be done, helps to drive our progress.
Passion for Excellence - We're pace-setting and innovative. We always strive to find a better way. We strive to do it right and the first time - every time.Continuous enhancements - large and small, in process and technology - not only attest to our culture of innovation, they collectively move us toward our sustainability goals in areas ranging from waste diversion, to safety and energy conservation. 
A People-Focused, Learning Culture - We strive to develop the best leaders and realize the full potential of our people. Learning is at the core of our approach - we never stop trying to improve. 
Our dedication to learning improves our organization on all dimensions, including in project execution, business performance, governance and sustainability. Reaching out to new, diverse talent benefits communities and builds our momentum.
Results-Oriented - Always putting safety first, we have a 'do whatever it takes' attitude, creating empowered and entrepreneurial operations within a common framework of values, strategies and key processes. A commitment to overcoming challenges in order to achieve the results that matter is essential to realizing ambitious goals like transitioning to a net-zero economy.

 

Stakeholder Engagement

 

Risk Management

Risk Management
Management has developed a disciplined and integrated Enterprise Risk Management process which identifies potential events that may affect the Corporation, manages risk to be within the Corporation’s risk appetite and provides reasonable assurance regarding the achievement of the Corporation’s objectives. Overseen by the Board Risk Committee, climate change risks and opportunities are reported using the Task Force on Climate-related Financial Disclosures (TCFD) - see Appendix A in our Sustainability Report.

Read more about our Enterprise Risk Management in our Management Information Circular and Risk Committee Charter.

Risk Committee

Risk Committee
The Risk Committee of the Board oversees Aecon’s enterprise risk management process, which includes climate change related risks and opportunities. This includes ensuring appropriate management systems are in place to identify and manage our risk, ensuring adequate Board oversight of our risk management policies, programs and practices. All of the members of the Risk Committee have significant sustainability experience. Management delivers a climate change and sustainability update to the Risk Committee on a quarterly basis. Aecon’s Sustainability Team is responsible for quarterly reporting to the Risk Committee, providing an update on climate-related risks and opportunities, energy and fuel consumption and performance and the overall sustainability strategy implementation. The Risk Committee considers climate-related issues when reviewing and guiding strategy, action plans, policies, budgets, business plans, objective setting, and capital expenditures.

Responsible Supply Chain

Responsible Supply Chain
We promote ethical business conduct throughout our supply chain. We require all vendors and subcontractors to adhere to our Supplier Code of Conduct. When we assess prospective preferred suppliers, our due diligence process takes into account close to 20 distinct dimensions of evaluation, including sustainability, diversity and inclusion and opportunities for Indigenous-owned businesses.

Explore Financial Performance

Explore Governance Policies and Procedures

Ethics Hotline

The Ethics Hotline is a way for Aecon employees and others to raise concerns or report wrongdoing. It is operated by an independent third party and offers you the ability to report anonymously, in full confidence and without fear of retaliation. The Ethics Hotline is available 24 hours a day, 365 days a year.

Contact the Ethics Hotline