Magazine article New Zealand Management

Top 200 : Kensington Swan Ethical Governance Award New Zealand Post -- Measuring Ethics

Magazine article New Zealand Management

Top 200 : Kensington Swan Ethical Governance Award New Zealand Post -- Measuring Ethics

Article excerpt

New Zealand Post has demonstrated leadership in ethical governance through its commitment to measuring and managing its corporate responsibility. An innovative Corporate Responsibility Governance Model applies across the group providing ethical leadership for the over 17,000 people working for the NZ Post Group and its related entities.

The executive team has created a 'Statement of Commitment' which is endorsed by the board. This describes the Group's business imperative as carrying out its activities responsibly and with integrity and highlights that its people are expected to behave in an honest and ethical manner.

Leadership of four practice areas (community, environment, workplace and marketplace) is given to group executives. A focused work programme seeks to improve the Group's performance across these areas involving greater transparency and stakeholder engagement throughout its activities.

It communicates expectations to team members through induction packs, an intranet corporate responsibility section and in both group and business unit newsletters. It communicates performance across the triple bottom line internally through scorecards that for 2008 reflect KPIs relating to its corporate responsibility.

The group participated in the St James Ethics Centre's Corporate Responsibility Index in 2007/08 and has committed to participating in this index for three years. This internationally recognised methodology enabled rigorous baselining of New Zealand Post's corporate responsibility.

NZ Post has introduced the ISO 140064/1 reporting standard for greenhouse gas emissions and while these have been disclosed publicly for over five years, this year the Group's emissions have been independently audited. The Group's targets include a commitment to reduce greenhouse gas emissions by 12 percent by 2012 while continuing the sustainable growth of its operations.

In the 2007/08 year NZ Post was the first large New Zealand organisation to commit to the United Nations Global Compact. This is an international benchmark for responsible business closely aligned with the United Nations Principles for Responsible Investment whose signatories, such as the New Zealand Superannuation Fund, encourage all businesses to adopt the Global Compact.

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New Zealand Post

Measuring Ethics

New Zealand Post's leadership in ethical governance is demonstrated by its commitment to rigorously measuring and managing its corporate responsibilities. …

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