Corporate Governance
At Firntec, our board is dedicated to upholding the highest standards of corporate governance. We prioritise compliance with legal and regulatory requirements, ensure accurate record-keeping, and promote transparency and accountability throughout the company.
Our Corporate & Governance Objectives:
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Legal Compliance
Full adherence to the Companies Act 2006 and associated regulatory requirements.
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Filing & Reporting
All annual accounts, confirmation statements, and tax returns filed on time and in full.
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Record Keeping
Accurate statutory registers and meeting minutes maintained.
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Financial Responsibilities
All accounting records and necessary audits are undertaken in a timely manner.
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Communication
Effective communication with shareholders and stakeholders ensured.
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Governance Code
Maintain full compliance with the UK Corporate Governance Code.
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Ethical Conduct
Ensure adherence to the Bribery Act 2010 and health and safety regulations.
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Data Protection
Full compliance with GDPR and the Data Protection Act 2018.
The ESG Wheel
The ESG Wheel comprises three key sections: Environment, Social, and Governance, illustrating our focus areas:
Environment: Committed to minimising environmental impact through sustainable practices and reducing our carbon footprint.
Social: Dedicated to fostering an inclusive workplace and supporting community development while upholding high social responsibility standards.
Governance: Ensuring transparency, ethical conduct, and accountability in operations, safeguarding stakeholder interests, and complying with regulatory standards.
These pillars guide our actions, reflecting our commitment to sustainability, integrity, and responsibility.
Environment
Carbon Emissions & Decarbonisation
- Technician’s vehicles are all low emission models
- Environmentally sensitive route planning
- Reduction in average fuel consumption
- Five EV charging stations installed in head office
- Ties with LivGreen – retrofit specialist
Waste & Hazardous Waste Management
- Use of Go Green Reports to track waste disposals from live projects
- 47% decrease in landfill waste in 2022
- As a registered waste contractor, obsolete waste equipment is disposed of correctly
Recycling
- 90% of Ventro’s onsite waste was recycled during 2021
Climate Impact
- Ventro 2050 net zero objective
- Staff are carbon-literate and are trained on climate change
Social
Diversity & Inclusion
- Fair and robust recruitment policies
- Support for equal staff opportunities
- Equality policy in place
Community Impact
- Driving a cultural change across the industry – “above compliance”
- Critical role for the wellbeing of the social housing sector
- Community relationships and engagement (resident engagement coffee mornings, resident liaison team)
Training Development
- Training and Investment in staff development and standards
- Competence and accreditations is critical in the context of the “Building a Safer Future” Charter
Health & Safety
- Putting safety ahead of cost
- On-site health and safety protocols with incident reporting / monitoring measures
Supply Chain Management
- Supply chain vetted throughout procurement process
- All materials are sourced from local branches where possible
- Meet the buyer mobilisation events
- Subcontractors are thoroughly vetted
Governance
Transparency & Reporting
- Publishing annual / bi-annual ESG strategy reports
- Visibility of data and KPIs
ESG KPI Monitoring
- Recycling % tracked at every site
- Future Net Zero Certified – Actively measuring and reducing our carbon footprint by 50% by 2030
Board & Management Composition
- Transparency: The board provides comprehensive information about their financial performance, strategies, and decision-making processes to stakeholders
- Accountability: Ventro have a clear accountability framework to hold executives and board members accountable for their actions and decisions
- Risk Management: Ventro have an effective risk management policy (COAP) in place that identify, assesses, and mitigates risks that could impact the company