Nexteer Sustainability Report 2015

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Transcript of Nexteer Sustainability Report 2015

  • 2015 Sustainability Report

    C R E A T I N G

    V A L U ER E S P O N S I B L Y .

  • Nexteers journey toward being a more sustainable company includes a pledge to communicate progress about corporate sustainability goals and targets in a balanced and visible manner. This annual reporting will help us continue to improve sustainability performance each year while at the same time fulfilling our commitment to transparent public disclosure.

    In 2015, we undertook a comprehensive assessment of the issues that matter most to our business and stakeholders. This materiality assessment helped us understand what to report and how to focus future business activities as they relate to our sustainability commitment. The assessment involved evaluating a list of sustainability aspects using a number of criteria, including how each one might affect business growth and performance, brand and reputation, company culture, product quality and safety, and regulatory impacts against broader social expectations and concerns raised by stakeholders.

    The result of the materiality assessment formed the basis of our sustainability framework. This framework outlines our overarching commitment to sustainability and articulates five key focus areas for our efforts, each with a set of goals to drive continued sustainable performance.

    Specifically, we commit to being a responsible global corporate citizen by embedding the principles of sustainability into our operations and culture. We will actively engage with our stakeholders on environmental, social, and governance matters to promote continued alignment between our sustainability commitments and the interests of our stakeholders.

    Nexteers Five Key Focus Areas

    We strive to achieve profitable and balanced global growth by creating value through innovation, partnering with winning automotive original equipment manufacturers (OEMs), and growing geographic, customer, and vehicle platform delivery. We work toward designing product solutions that consider the full product lifecycle in order to provide our customers the environmental performance and value they expect.

    OUR COMMITMENT TO SUSTAINABILITY

    SUSTAINABILITY

    BUSINESS ETHICS

    VALUE CREATION

    VALUE CREATION

    COMMUNITY

    HEALTH, SAFETY & ENVIRONMENT

    SUPPLY CHAIN

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  • commitment to people, prosperity, and the planet began long ago. Were proud of our success, but were even more proud that our success is an outcome of doing business the right way.

    In the future, you can expect more detailed communications related to our sustainability goals and targets. We look forward to setting the bar for improved sustainability performance each year.

    Nexteer is dedicated to value creation in a responsible manner. We welcome your comments and suggestions for continued performance improvement on our sustainability initiatives.

    Welcome to Nexteers 2015 Sustainability Report.

    This report marks an important milestone on our journey toward becoming a more sustainable company. Not only does it align us with the Environmental, Social, and Governance criteria of the Hong Kong Stock Exchange on which we are listed, it also offers us visibility and transparency on the world stage.

    We are committed to being a responsible global corporate citizen by embedding the principles of sustainability into our culturea culture focused on people, operational excellence, and sustainable growth.

    The sustainability framework we are creating outlines a path that is both holistic and adaptive in nature. It targets five key areas: health, safety, and environment; community; supply chain; business ethics and integrity; and value creation.

    As you will read in the following stories, our

    Laurent BressonPresident and Global COONexteer Automotive

    THE PATH BEFORE US

    4 7 10 13 16T A B L E O F C O N T E N T S

    Sustainability:Code of Conduct and Business Ethics

    COMMITTING TO THE HIGHEST DEGREE OF INTEGRITY

    Sustainability: Business Integrity and Supply Chain Ethics

    SHARING VALUES

    Sustainability: Environmental Initiatives, Climate Change, and Accountability

    DOING THE RIGHT THING

    Sustainability: Health and Safety Policies and Practices

    MAKING SURE OVER 12,000 EMPLOYEES RETURN HOME SAFELY

    Sustainability: Community Investment

    IMPROVING TOMORROWS COMMUNITIESTODAY

    OUR COMMITMENT TO SUSTAINABILITY

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  • Committing to the Highest Degree of IntegrityRobust compliance and ethics training in nine languages helps employees understand their rights and responsibilities.

    exteer believes in conducting business with integrity. In part, that means all

    employees have an equal voice when raising ethical concerns, should the need ever arise.

    The business environment has become so competitive; people have their eye on profit and loss. Sometimes its a fuzzy line as youre trying to make your numbers, says Dante Benedettini, executive director of global legal at Nexteer Automotive. And sometimes people can go over that line.

    Thats why Benedettini and his team have worked to create a clear code of business conduct and

    N

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  • compliance policies supported by a robust training program to educate employees on where those lines are drawn.

    When you empower an entire global employee base to spot issues and call out if they see a problemand know before a problem existsit really does wonders and prevents a lot of problems from ever occurring, says Benedettini.

    REVAMPING THE CODE Nexteers original Code of Conduct, drawn up when the company first went public in 2010, sounded like it was written by lawyers, for lawyers, says Benedettini. He was charged with revamping the entire program to bring it in line with new regulations and, more importantly, to make it easily accessible to and understandable by all employees worldwide.

    The team benchmarked 30 different companies and identified six major elements of every successful compliance program, including:

    Code of conduct Global set of policies Effective training programs Reporting channels (also

    known as whistleblower channels)

    Centralized compliance website

    Standardized investigation procedures and policies

    All six of these elements, newly established by Benedettinis

    team, now form the foundation of Nexteers revamped compliance program. Training for salaried workers began in 2015 and hourly workers begin training in 2016. Establishment and maintenance of Nexteers online and telephone reporting channels and its global training was outsourced to third-party vendors who specialize in these areas.

    TRULY INTERNATIONAL As a multicultural and multinational company, it was important to Benedettini that the updated materials are reader-friendly in the native languages of all employees.

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    Therefore, the Code of Conduct and all global compliance policies are currently being made available in each of the nine languages used at Nexteer facilities around the world, including:

    EnglishSpanishMandarinItalianGermanFrenchPortugueseKoreanPolish

    The same can be said for reporting channels. For example, if a

    NEXTEER GLOBAL TRAINING AND TARGET TRAINING IN ETHICS AND COMPLIANCE

    COURSETITLE

    ConductingBusiness

    with Ethicsand Values

    ONLINE

    30MINUTES

    GLOBAL

    SalariedEmployees(9 languages)

    3,100+

    Code ofConduct

    Training andAcknowledgment

    ONLINE

    30MINUTES

    GLOBAL

    SalariedEmployees(9 languages)

    3,100+

    Compliancewith FCPA and Anti-

    Bribery LawsIN PERSON

    2HOURS

    CHINA

    SalariedEmployees(including employeeswith Joint Ventures)

    500+

    Anti-Discrimination

    TrainingIN PERSON

    2HOURS

    MEXICO

    HR Teams andManagers

    20+

    OverallCompliance

    ProgramIN PERSON

    1HOUR

    GLOBALHR Teams

    BRAZILEmployees

    INDIAEmployees

    CHINAEmployees

    600+

    TRAININGTIME

    TRAININGLOCATION

    NUMBER OFEMPLOYEES

    Nexteers Tamika Frimprong, legal director - human resources, and Catherine Colvin, compliance counsel, discuss the newly updated Nexteer Automotive Code of Conduct. Its available in the nine languages used at Nexteer facilities around the world.

  • worker in China were to call Nexteers international whistleblower hotline, an operator, speaking Mandarin, could assist him or her. Alternately, if that same worker presented a violation online in writing, he or she could submit a report in Mandarin. All workers have the option of reporting anonymously.

    We reach out to all of our employees globally, regardless of where they are or what language they speak. We make sure everyone has an equal voice and that voice is heard, says Benedettini.

    A LEVEL PLAYING FIELD Acting in accordance with the law and conducting business with the highest degree of integrity keeps Nexteer on the path to sustainability.

    The slogan for Nexteers Compliance Program is On Track with Ethics and Compliance. The program was designated to act as guidance for employees on how Nexteer expects them to behave while conducting business.

    The new policies and procedures in Nexteers compliance program help to minimize risk for the organization and help employees to operate in a lawful and ethical way.

    It (the Code of Conduct) lets the employees know we are working on a level playing field. This is truly a meritocracy, says Benedettini. From the input that Ive received, our employees like knowing that everybody is being held to the same rules. We expect everyone to act this way.

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    100

    75

    50

    25

    0

    94%2015COMPLETED

    201595% GOAL

    CONDUCTING BUSINESSETHIC