Our maxim at Dominion is that, “It’s not what we do, but how we do it.” This applies equally with ESG: we factor in all the environmental, social and governance risks involved in the many different activities we perform around the world, applying business policies that affect all countries on an equal basis.
We are also fully aware of the fact that the ESG can and should also be regarded as an opportunity and Dominion, given the types of operations performed by the company and its excellent capacity for transferring efficiency from one sector to another, holds an unsurpassable position.
Our Management Model
Dominion introduced a new 2019-2022 Strategy Plan in 2019 with the ESG assuming a key role: “We endeavour to assume the leading position in the different sectors we operate in, incorporating ESG risks in our management as competitive edge leverage for Dominion.”
We are able to accomplish this objective by managing the ESG with reliance on various factors, most notably the following:
The RSC Committee
Reporting to the Board, it promotes, approves and oversees the ESG strategy.
Dominion regularly updates an ESG risk map with the assistance of external specialists.
Constant interaction with the different stakeholders to understand their concerns. Increasing ESG certificate management.
Dominion officially joined the United Nations Global Compact in December 2018. This commitment obliges Dominion to uphold its 10 universally recognized Principles and to act as a mediator to contribute towards the fulfilment of the United Nations 2030 Agenda.
Of the 17 different goals the UN has set out to end extreme poverty, combat discrimination and injustice, and curb climate change, Dominion has identified seven for which the Company's activities could play a significant role, submitting annual reports on the progress made for each commitment.