Ethics and Compliance
We understand that we earn trust through our actions. That’s one reason ethics is one of our company’s core values. At Dominion Energy, keeping our trust with shareholders, customers, regulators and other stakeholders is crucial.
Fostering Ethical Behavior
Trust rests on the foundation of strong ethical conduct. Our commitment is to always comply with laws and regulations, and to act consistently with our core values. To reinforce that commitment, employees complete annual training in ethics and compliance. Employees also certify annually that any potential compliance items have been reported or are being addressed.
How do we reinforce good values? We operate a comprehensive Ethics and Compliance group to support our expectation that our leaders, employees and suppliers act with integrity, respect and good judgment – and in compliance with the law. Our Ethics and Compliance Program defines responsibilities, provides resources and, when necessary, requires disciplinary action. The program has the following key elements.
The Board of Directors oversees ethics and compliance through its Audit Committee. To address ethics issues on a day-to-day basis, the company’s chief compliance officer has established a Compliance Council. Its members are senior officers representing our business units and key areas of responsibility. Additionally, our compliance attorneys work to ensure that Dominion Energy follows all applicable laws, regulations, and company policies, and maintains high ethical standards in its business activities.
All employees, officers and board members receive comprehensive annual training on the company’s Code of Ethics and Business Conduct. New hires also must receive this training. Other types of interactive ethics and compliance training sessions are held regularly at different company locations. The code requires employees to know and comply with all regulatory requirements that apply to their business areas. Those affected by various regulatory requirements receive training on federal and state codes and standards of conduct, electric reliability standards and other applicable regulations.
Advice and Guidance
The Ethics and Compliance Program receives numerous questions from employees seeking advice on ethical matters. Since a variety of scenarios can implicate questions of ethical conduct, we encourage employees to ask whenever they are unsure about a situation, to avoid even the perception of a conflict of interest. Employees may use a dedicated e-mail account to ask questions or seek guidance about ethical concerns and compliance issues.
Reporting and Addressing Concerns
Employees have a duty to report any concerns whenever they suspect misconduct or illegality. In all cases, retaliation for good-faith reporting is strictly prohibited. We provide a variety of reporting options. A dedicated, confidential compliance telephone line and website allow employees to remain anonymous, if they wish. Employees also may report concerns by contacting the ethics and compliance staff and other appropriate personnel. Each year, we distribute a survey to employees to help identify and address potential compliance concerns. In addition, employees must certify annually that any potential compliance items have been reported or are being addressed.
Dominion Energy stakeholders can report concerns by contacting the compliance line or by communicating directly with independent members of the board of directors through the company’s website or the U.S. mail. We categorize reported concerns by type of allegation to facilitate investigation by appropriate company representatives and review every question and concern to determine if it is covered under the Ethics and Compliance Program. This also promotes our ability to identify, monitor and address any trends by category of allegation. A compliance attorney oversees all ethics and compliance investigations. Questions and concerns that raise ethical or compliance issues are investigated and resolved under the guidance of the program.
Supplier Code of Ethics and Business Conduct
Dominion Energy expects all suppliers to share our commitment to ethics and compliance. Our Supplier Code of Ethics and Business Conduct outlines these minimum expectations. Its purpose is to promote lawful and ethical behavior in all of our business dealings.
In 2017, the company revised the Supplier Code of Ethics and Business Conduct to clarify and reinforce its expectations of suppliers with regard to (1) human labor practices; (2) responsible sourcing; and (3) the health and safety of suppliers’ employees.