Sustainability and ESG

Governance

BOARD TENURE

A review and assessment of our Board of Directors is conducted annually, and Westport periodically reviews and rotates Board Chair and Committee Chair positions to ensure diversity of views.

44 %

female director representation, exceeding the Diversity Policy's 30% minimum and meeting the target commitment for three consecutive years

89 %

of directors are independent

THE BOARD HAS RESPONSIBILITY FOR THE FOLLOWING MATTERS:

executive leadership and oversight
sustainability and ESG
financing activities
corporate communications
diversity and inclusion
execution compensation
risk management and internal control
legal and regulatory compliance
major acquisitions and divestitures
corporate governance
strategic plan
oversight of corporate culture
annual operating plan and budget

THE BOARD TRAININGS

CODE OF CONDUCT TRAININGS

An active ethics and compliance program includes regular employee ethics training, Code training, and certifications by employees. Thus, mandatory training on the Code occurs annually. All directors, officers, and employees must certify annually that they have read and understood the Code.

In 2022, 100% of our employees completed the CoC training.

ANTI-CORRUPTION TRAININGS

Basic anti-corruption training is a part of annual CoC training-this ensures that every person working with us, regardless of position, has up-to­ date knowledge on this important subject.

Moreover, every year, we provide a specific anti-corruption training to selected employees, which includes an in-depth two-hour training session for employees within specific higher risk categories.

We ensure that our trainings are as practical as possible. In 2022, we refreshed our anti-corruption training materials and launched an updated version to selected staff groups in November, with further training to continue globally throughout the entire Westport organization in 2023.

KEY SUSTAINABILITY POLICIES AND STANDARDS

Our corporate governance encompasses Westport commitment to a culture of integrity, ethical, and sustainable business practices. We believe that effective corporate governance is vital to the continued and long-term success of Westport Fuel Systems, as well as various stakeholders, be it employees, investors, local communities, and many others.

See below a list of our policy commitments for responsible business conduct, based on authoritative intergovernmental instruments for responsible business conduct, including a strong commitment to respect human rights:

OUR POLICIES

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Code of Conduct Anti-Corruction and Prvention of Bribery Human Rights Policy
  • Reviewed and accepted by the Board of Directors
  • Annual training with certification
  • Applicable also to business relationships, communicated through 2022 ESG survey
Diversity Policy
  • Reviewed and accepted by the Nominating & Corporate Governance Committee
  • Annual training with certification
  • Applicable also to business relationships, communicated through 2022 ESG survey
Whistleblower Policy
  • Reviewed and accepted by the Audit Committee
  • Annual training with certification
  • Applicable also to business relationships, communicated through 2022 ESG survey
Environmental Policy
  • Reviewed and accepted by the Board of Directors
  • Applicable also to business relationships
  • Communicated on our website

Other internal Policies:

  • Respectful Workplace Policy
  • IT-Information Security Policy
  • Records and Data Retention Policy
  • Corporate Purchasing Policy
  • Due Diligence Handbook
  • Meals Gifts and Entertainment Policy
  • Travel Policy
  • Interactions with Government Officials Policy
  • Contract Management Policy