Policy of Business Conduct
Our management of many aspects of sustainability is governed by a set of corporate policies that help put our vision into action. The following policies govern our business practices and our approach to our work.
- Covanta Mission Statement & Environmental Policy
- Total Health & Safety Policy
- Policy of Business Conduct
- Sustainability Policy
- Community Outreach & Environmental Justice Policy
Covanta’s complete governance information, structure, annual filings and related charters can be accessed from the Investor Relations home page.
As Covanta’s business continues to evolve, we know our ability to succeed and prosper will depend on strong governance procedures supported by the quality and character of our employees. Covanta’s Policy of Business Conduct, available to employees on the company website and intranet site, outlines the company’s expectations for the highest standards of personal integrity and professional judgment from all employees. Annually, each employee is required to review an electronic copy of the Policy of Business Conduct before completing an electronic certification that confirms compliance for the prior year and commits to compliance in the coming year.
Our information systems and those of our third-party service providers and vendors are vulnerable to an increasing threat of continually evolving cybersecurity risks. Overall, ethics, policy and compliance risk and cybersecurity risk are overseen by the Audit Committee and the Nominating and Governance Committee.
We encourage the reporting of concerns about any activity being conducted, or failing to be conducted, by or on behalf of Covanta or any of its employees, as detailed in our Policy of Business Conduct. In addition, we have an anonymous third-party hotline available to report such concerns, all of which will be taken seriously.
Supply Chain Management
Covanta views the supply chain as a strategic component of our business. We continually seek ways to improve our performance, reduce costs and ensure that we are working with a diverse base of responsible global suppliers that meet our high standards for conduct and performance. In addition to being cost-competitive and having a core competency in their areas of expertise, suppliers we seek should promote a positive workplace culture characterized by long-term partnerships and sustainable solutions; companies we partner with support minority, women and disabled veterans’ business enterprises.
We expect our suppliers to uphold Covanta’s Supplier Code of Conduct, which outlines our expectations of all suppliers we work with. We require suppliers to complete a detailed supplier qualification questionnaire and provide select supporting documentation. Supplier responses are assessed according to the following categories: company management, corporate social responsibility (including confirmation of appropriate environmental, social and governance controls), product/process design, operational excellence, continuous improvement and costs. We undertake this review process for all new suppliers, and we repeat it every two years for existing supplier relationships. Based on the results of the assessment, we may identify areas for improvement and develop carefully monitored action plans.
We also focus on ethics and compliance through awareness trainings and in monthly meetings with the global procurement team. Since Covanta operates in the United Kingdom (UK), all employees globally comply with the 2010 UK Bribery Act, an international standard of combating corruption.
For more information on doing business with Covanta, please see our Partners and Suppliers page.