We believe strong governance is vital to meeting our growth and sustainability objectives in an ever-changing marketplace and that strategic foresight coupled with a sound governance structure provides the platform needed for accountability, transparency, and value creation.
Moving beyond compliance, we are working toward aligning our sustainability practices and disclosures to the Global Reporting Initiative, as well as the UN Sustainable Development Goals and other recognized standards, to better meet stakeholder interests and demonstrate industry leadership.
We are dependent on the prudence of our leadership. Members of our Board of Directors are selected for their judgment, depth of experience, and the diverse perspectives they can lend to our organization. The Board of Directors sets high standards for our employees, officers, and directors.
The Board of Directors follows procedures and standards set forth in the Company’s Limited Partnership Agreement and the Code of Business Conduct and Ethics, and it has established an Audit Committee, a Development Committee, and a Nominating, Governance, and Compensation Committee to assist in its oversight activities.
Our management has also established internal committees on risk, disclosure, and investment. Reports submitted to the Board of Directors describe our risks, performance, and goals for expanding our clean energy portfolio in a manner that emphasizes strong business ethics.
We assess critical risk factors on a regular basis. The risk committee meets quarterly and tracks risks that we face, which are reported to the Board of Directors. This includes potential changes in wind patterns that could affect the ability of our assets to generate energy, risks in the occurrence of a major safety event within our business, cybersecurity risks, and political and regulatory policy risks, among others. Various scenarios are considered when evaluating short, medium, and long-term outlooks.
The Board of Directors annually reviews principal policies related to our governance, including the Code of Business Conduct and Ethics and the Anti-Corruption Policy.
Pattern Energy is dedicated to conducting our business consistent with the highest standards of business ethics. We have an obligation to our employees, partners, and other stakeholders to be honest, fair, and forthright in all of our business activities.
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