Governance
We aim to meet the highest standards of corporate governance and ethics throughout our operations.
We apply the Wates Corporate Governance Principles, which provide guidance for large private companies. These principles guide us in our approach to good corporate governance and disclosures on our purpose and leadership, board composition, directors’ responsibilities, opportunity and risk, remuneration, and stakeholder relationships and engagement.
Sustainability governance
Sustainability is a standing item at quarterly Board meetings and a comprehensive reporting pack is prepared for review in advance, containing a full suite of metrics and KPIs against which our performance is measured. Any high-level sustainability related risks are also tabled and considered.
Tax and transparency
We believe in paying our fair share of taxes in line with the UK corporation tax rate. MFG prepares its accounts in line with UK law and in accordance with International Financial Reporting Standards (IFRSs) and UK accounting standards (FRS 1010). Under company law, the directors are required to give a true and fair view of the state of affairs of the company. The taxes we pay are disclosed in our Annual Report.
Ethical conduct
MFG aims to conduct its business with integrity, and in a social and ethical manner, complying with the letter and the spirit of the law at all times. Our Core sustainability principles set out our expectations towards our responsibilities and behaviour. In addition, we have a number of internal policies and procedures in place to ensure we conduct ourselves correctly. Each year we update and re-release our employee handbook which includes policies on corporate social responsibility, equal opportunities, anti-harassment and bullying, anti-corruption and bribery, and whistleblowing.
We monitor and review the sustainability performance of our suppliers on an ongoing basis to ensure that their behaviours are in line with our own high standards.
Speaking up
We encourage our employees to speak up if they have any concerns relating to inappropriate behaviour, either in MFG or within our supply chain. A whistleblowing policy and procedure is included in the employee handbook. We make it clear that speaking up is treated in the utmost confidence, and that employees can do so without fear of retaliation or reprisal.
Human rights and modern slavery
We respect and acknowledge fully the human rights of every individual. We have a zero-tolerance policy towards child or forced labour and human trafficking, and we’re committed to ensuring neither occurs in any part of our business, whether in our own operations, our supply chain, or amongst our contract managers.
Aligning our commitments with the UN SDGs
We align to the United Nations’ Sustainable Development Goals (UN SDG). We focus on the SDGs where our business can make the greatest impact and where we can affect the greatest change.
Our environment
We are investing in creating a national network of fast and efficient electrical vehicle chargers while reducing our own carbon footprint.
Our people
We want to provide our staff with long-term rewarding careers and provide them with the opportunity to develop their skills.
Health and safety
We have an excellent health and safety record within our own operations. We recognise the responsibility we have towards keeping our customers safe as well, and therefore we also provide a comprehensive health and safety framework and training programme for our contract managers.
Our communities
With a network across the UK, our stations are often a hub for local communities. We do what we can, where we can, to support local communities. In addition to this, our network provides the opportunity to make a real difference to raising funds on behalf of important charity campaigns.