Governance
Corporate Governance
Volterra’s organizational governance refers to the systemic integration of sustainability principles, practices, values and culture into business processes. This involves planning, control, and decision-making to ensure the achievement of objectives set based on clear and systematic structures and processes. Sustainability Management Governance covers management and the Board of Directors' Leadership in driving changes, promoting a corporate-wide sustainability management culture, transparency in operations, and collaboration between the company, public and private sectors, and civil society and communities.
Human Rights
Our human rights refer to all individuals’ basic rights and freedoms. The organization should respect and demonstrate awareness of the importance of human rights of all stakeholder groups and understand salient human rights issues (issues at risk of the most severe negative impacts) that are present in the company's activities and business relationships, across its value chain. The scope of this element covers risk assessment, human rights management and due diligence, complicity in human rights violations, resettlements, and labour rights, among others.
Reporting & Reputation
The Volterra Energy Marketplace will be reporting on sustainability performance that demonstrates the organization's commitment to disclosing its economic, social, environmental, and governance performances to internal and external stakeholders. Aside from creating trust in the organization, reporting is critical in reviewing performance and identifying opportunities for continuous improvement. The element covers: reporting approaches (national and international) and report quality assurance.
Fair Operating Practices
Fair and transparent business operation is Volterra’s critical foundation for businesses in building trust among stakeholders regarding its operations and linked to organizational reputation. This element, therefore, encompasses respect for the rule of law in all areas of operations, combating corruption in all forms, strong internal controls, privacy and conflicts of interest, and whistleblowing and protection of whistleblowers
Supply Chain Management
Supply Chain Management refers to Volterra’s management of economic, social, and environmental impacts in the production process, service delivery, and procurement through means such as risk management, good corporate governance, supplier collaboration, and continuous capacity development for employees and suppliers. Consideration of the aforementioned factors will reduce the risks of business interruption resulting from unexpected events, create long-term benefits for the organization and suppliers, and further promote stakeholder trust in the organization's good practices
People
Volterra recognizes that employees are critical in driving an organization to achieve its targets, vision and strategic objectives. Efficient human resources management, therefore, encompasses long-term talent retention within the organization, talent attraction and engagement building, and capacity development for all employees.
Stakeholder Management
Volterra’s Stakeholder Management refers to an individual or a group of individuals both inside and outside the organization that may receive direct and indirect impacts from business operations across Volterra’s supply chain. Efficient stakeholder engagement should support the organization in thoroughly responding to stakeholders’ needs, as well as reduce reputational risk and chances of business interruption. This element encompasses stakeholder risk management, collaboration, transparency, and grievance processes.
Product Stewardship
Volterra’s Product stewardship refers to the research and development of products and services that integrate considerations of health, social, and environmental impacts throughout a product's life cycle, while at the same time remaining conscious of customers' expectations and the commitment to creating benefits for society, the environment, and organization. Product stewardship, therefore, encompasses compliance with laws and relevant standards, life cycle assessment, promoting research and development (R&D) of social and environmental innovations, product labelling, as well as customer relations management.
Corporate Citizenship
Volterra’s corporate citizenship will conduct business while engaging communities to elevate their quality of life and contribute to human development, within the framework that respects the rights and freedoms of all, to bring about stakeholder trust and mutual growth. The scope of this element covers community investment, stakeholder collaboration, such as collaborations with the public and private sectors, and sustainability leadership.