Our Values
International Power works to a set of Board-approved values known as FIRST:
F - Financial disciplineI - Integrity of communicationR - Respect for the individualS - Safe BehaviourT - Team first culture |
Financial discipline
Our aim of long-term financial success depends upon financial discipline. While, as a growing company, we are entrepreneurial in our approach to investments, we are aware of our duty to protect and enhance shareholder value.
Financial discipline means:
- making realistic risk assessments when we value potential investments
- not overpaying for assets we acquire or develop
- ensuring risk can be managed on an ongoing basis
- cutting out extravagance and waste in business-related expenditures, including administrative and overhead costs
Integrity of communication
International Power is managed on the basis of integrity, honesty, openness and fairness in business dealings, both internally and externally. Good business decisions are based on good quality information presented clearly and concisely, on time, and with neither a positive nor negative bias. This applies equally to information flowing to and from management. We seek to build sustainable business relationships based on honest communication.
We will ensure that any corporate reports and other external communications are complete, understandable and truthful and reflect the proper operations of the business. At the same time, we will respect our confidentiality obligations.
Respect for the individual
International Power is staffed by highly skilled professionals with a range of expertise. Mutual respect is a key priority, demonstrated by:
- respecting the opinions of colleagues
- zero tolerance for physical or verbal abuse
- hiring new employees with not only the right competencies, but also a good attitude and work ethic to integrate within International Power
- applying equal opportunities to all, regardless of nationality, gender, age, ethnicity or religion
- operating our business to the highest professional standards
We believe every International Power professional should have ample opportunity to use his or her existing skills and develop new ones.
Safe behaviour
It is relatively easy to introduce corporate policies and procedures which demand compliance, but all unsafe acts or omissions can be avoided if the right attitude and safe behaviour is automatically applied to everything we do.
This safe behaviour will help to deliver our goal of zero accidents whilst at work, and can equally apply when not at work. We therefore need to ensure our staff understand the right things to do, and make sure that they are performed properly, with no short cuts or excuses – in short, to behave safely all day, every day.
For more information visit our health & safety page.
Team first culture
Our business has evolved from a technology-driven industry into one in which technical skill, project development expertise, construction and procurement know how, trading capability, operations, financial, information technology, legal, human resources, communications, accounting and tax acumen all play a substantial part. With such a range of disciplines, success depends on teamwork, with each employee being able to bring his or her individual skills and expertise to the fore.
Teamwork requires complete sharing of necessary information, inclusion rather than exclusion, and a ‘lend-a-hand’ philosophy at all levels of the organisation. Meeting our customers’ expectations calls for us to be customer-focused and responsive. We want our customers to know our teams and respect their capabilities and performance.
Our FIRST values are translated into practical guidance throughout International Power’s business policies. These cover the environment, health and safety, communications, equal opportunities, procurement, ethical business practices, conduct in the community and charitable contributions. A Board-approved staff handbook, the International Power Code of Business Conduct, which incorporates all relevant International Power policies, has been cascaded throughout the Group.
For more detail on International Power’s policies please see Our Policies.
