Environmental, social, and governance (ESG)
Trackwise recognises that for it to be sustainable, success cannot be at the expense of the environment, its employees or wider society.
Governance has been the lead focus of the ESG ‘trilogy’ but with the climate emergency and the major societal upheaval caused by the Covid-19 pandemic, Environmental and Social sustainability actions are rightly being brought to the fore.
Trackwise is committed to be a sustainable business.
Environmental
The company’s mission continues to be to develop and deliver IHT to our core markets and beyond.
The principal improvement of Improved Harness Technology™ is reduced weight – and this weight saving represents a key carbon reduction opportunity for our customers, particularly those in markets where carbon reduction is a strategic necessity, notably Electric Vehicles and Aerospace.
However, we recognise that these improvements cannot be at the expense of adverse impacts from our manufacturing process, through excessive energy usage, poor choice and/or poor use of raw materials.
A wide range of initiatives are in place or in progress – including:
- Use of sustainable electricity at all manufacturing sites
- Implementing Photovoltaics at Stonehouse facility
- Minimising use of water through reduce, reuse
- Reusing waste heat within production facilities
- Recycling waste materials – especially precious metals, nickel, copper, etc.
- Driving sustainability through our supply chain
Social
Values:
We believe that our prime social goal is the provision of safe, fulfilling, and well-paid employment.
Our corporate Values are: Proactive, Driven, Open-minded, Supportive and Friendly. How we translate these into day-to-day actions can be found on the Vision, Mission and Values page.
Trackwise Employee Forum
2022 saw the inaugural elections for the Trackwise Employee Forum. Four members of staff elected to fulfil the following mandate:
- To give employees a platform to voice their opinions and concerns
- Over-seeing employee governance and development of employee-related policies
- Oversight of the implementation of the TW Organisational Development Plan
- Organising social and staff well-being events
The full circle of feedback is also supported by our annual employee survey which covers all aspects of life within the Trackwise group and is presented and discussed at the quarterly ‘Town Hall’ meetings alongside business performance and future plans.
Governance
Bribery and Anti-Corruption Policy
The Company has a robust anti-bribery and anti-corruption policy which applies to the Board, all employees of the Company and persons associated with the Company (such as consultants, contractors or agency staff). The Company’s anti-bribery and anti-corruption policy requires such persons to observe and uphold a zero-tolerance position on bribery and corruption, as well as providing guidance on how to recognise and deal with bribery and corruption issues and their potential consequences, while preserving acceptable boundaries of corporate hospitality and entertainment.
The Company expects all employees and persons associated with the Company to conduct their day-to-day business activities in a fair, honest and ethical manner; to be aware of, and refer to, this policy in all of their business activities worldwide; and to conduct business on the Company’s behalf in compliance with it.
Management at all levels are responsible for ensuring that those reporting to them, internally and externally, are made aware of and understand this policy.
Modern Slavery
The Company has developed and implemented policies to comply with the requirements of the UK’s Modern Slavery Act 2015.
The Company has a zero-tolerance approach to modern slavery and is committed to acting ethically and with integrity in all of its business dealings and relationships and to implementing and enforcing effective systems and controls to ensure modern slavery is not taking place anywhere in its business or in any of its supply chains. The Company is implementing a code of conduct for its suppliers and has embedded the required standards of behaviour in its standard terms and conditions of supply and purchase.
Health and Safety
The Company places health and safety at the core of all business activities in order to ensure a safe working environment for everyone involved in the business.
As a cornerstone of its business operations, health and safety reporting is a standing item on Senior Management Team and Board meeting agendas.
All employees are encouraged to take an active role in ensuring that our working environment is a safe place to work and visit by:
- behaving in such a way as to avoid incidents and agreeing to adhere to the Company’s policies and procedures;
- actively reporting all safety observations and incidents;
- being involved in safety audits and risk assessments; and
- undertaking regular awareness training sessions.
