Our strong corporate culture and values inform everything we do and are embedded throughout our governance systems, processes and behaviours.
Meeting the Highest Standards of Responsible Care Globally
Through the International Council of Chemical Associations, over 50 countries have adopted the Responsible Care Ethic and Principles of Sustainability. Every three years, Methanex’s Responsible Care program is externally verified through the Chemistry Industry Association of Canada or the American Chemistry Council Responsible Care Management System RC 14001 certification process.
To read the 2022 Responsible Care Verification Report for Methanex, please click here.
Corporate Governance
We believe good corporate governance is critical for the effective, efficient and prudent operation of Methanex. Our Board’s Corporate Governance Principles establish a framework for good corporate governance, outlining Board and management responsibilities and accountabilities. For more information about our Board and Leadership, please visit this page.
In November 2023, we held our Board meeting at our manufacturing facilities in New Plymouth, New Zealand. The visit gave our Board of Directors (pictured above with our ELT) an opportunity to receive various presentations focused on our New Zealand facilities, interact with employees, business partners, government officials and community members. We aim to have one Board meeting each year at a manufacturing site.
Governance for Sustainability and Climate-related Matters
Our Executive Leadership Team (ELT) has overall responsibility for ensuring environmental, social and governance matters are being effectively evaluated and managed. These include climate-related risks and opportunities associated with our GHG emissions and the transition to a low-carbon economy. The ELT incorporates these matters into our strategic and business planning activities to support the long-term sustainability of our business.
Methanex delivers on our sustainability commitments and manages our impacts through our Executive Leadership Team, senior-level sustainability leadership, and strategic teams. Their work is underpinned by our culture of Responsible Care and sustainability, diverse and inclusive One Team and core values, and implemented through our Global Integrated Management System. In 2023, we also established the Low Carbon Solutions team. The team is responsible for developing low-carbon markets and supply opportunities, such as CCUS and integrating e-methanol at existing assets.
To read more about the oversight for ESG initiatives, please see pages 71 to 72 of the 2023 Sustainability Report.
Ethics and Anti-Corruption
Ethical behaviour is essential at Methanex for building trusting relationships with stakeholders, protecting our reputation and reducing our legal and financial risk. Our culture is centred around ethical and honest behaviour, which is reinforced through our corporate policies, regular training and an effective compliance program. In 2023, 100 per cent of our team members completed the Code of Business Conduct and Respectful Workplace e-learning modules.
Read our Code of Business Conduct, Corrupt Payments Prevention Policy, Stakeholder Relations Policy and Human Rights Policy to learn more about our expectations of ethical and honest behaviour and preventing corruption.
Cybersecurity
Methanex is focused on resilience against cyberattacks to protect our data, systems, assets and identities.
We protect our systems, information and physical assets through a cybersecurity system that aligns with the National Institute of Standards and Technology Cybersecurity Framework, a leading global framework for managing cybersecurity. The system is internally reviewed on an annual basis and assessed by an independent third party every three years. In our most recent external assessment conducted in 2023 we exceeded our target rating, reinforcing the strength of our controls and the overall maturity of our cybersecurity program.
We provide mandatory annual cybersecurity awareness training sessions for all team members. In 2023, 100% of employees and contractors completed cybersecurity training.
To read more about how we secure our systems and equip our people against cyberattacks, please see page 84 of the 2023 Sustainability Report.