Modern slavery and human trafficking statement

At Linxon, we are committed to preventing modern slavery and human trafficking in our operations. We are dedicated to protecting our people from any form of modern slavery and human trafficking by promoting our core values: Safety, Integrity, Collaboration and Innovation.

The below statement relates to the financial year ending December 31, 2020.

Download the 2020 statement here.

Code of conduct

Linxon’s Code of Conduct, which applies to all employees, sets the highest expectations for integrity in our business dealings across all our divisions, sectors, business units, regions and subsidiaries.

As a signatory of the United Nations Global Compact, Linxon continues to incorporate in its strategies, policies and procedures the Ten Principles which focus on human rights, labor, environment and anti-corruption. While human rights have been a topic covered by our Code for many years, a link to our Modern Slavery and Human Trafficking statement has been added in the most recent version to reinforce our engagement.

The President and Chief Executive Officer of Linxon is responsible for implementing and monitoring this Policy and all employees and persons working on our behalf have the duty to share our commitments. Everyone is empowered to speak up and act to ensure that they are met.

UK tax strategy

Linxon is a joint venture company set up by SNC-Lavalin and Hitachi-ABB Power Grids, a global, fully integrated, professional services and project management company with offices around the world including the UK.

Our UK Tax Strategy is in line with the wider SNC-Lavalin group tax strategy, which can be found here.

UK Company Registration details and financial statements

The Group works to ensure that every matter presented for consideration by the Group’s directors has regard for the matters set out in Section 172 of the Companies Act 2006. The Group’s board and directors are continuously seeking to further improve engagement with stakeholders in order to identify matters of importance and to understand how these matters can be capitalised upon in order to further generate long-term value and promote success for the benefit of the Group’s members as a whole.

The Group engages regularly with its stakeholders to ensure relevant stakeholder issues are understood and considered appropriately. The Company’s core purpose is to act as a holding company; the Company has no customers and only two employees. The primary stakeholders of the Company are its shareholders and its subsidiaries, and the Company engages regularly to ensure it is providing its intragroup services in such a way to ensure the Company’s subsidiaries are able to provide long-term value for their stakeholders. Further details of the Company’s subsidiaries are provided in note 27 of the Financial Statements.

The financial period ended 31 December 2019 represented the first full year of trading for the Group. When discharging its duty under Section 172, the directors have focused on understanding the key stakeholders of the Group and Company, with the view of acting in a manner that promotes the long-term success of the Group and the Company for the benefit of its stakeholders, with particular regard to the following:

• the implementation of the Group’s long-term strategy, whether it is achieving desired targets, and what improvements could be made to further drive and ensure the Group’s long-term success: see Sections 1.4 to 1.7 of the above Strategic report for information on our business model and strategy, and Section 1.9 for Principal risks and uncertainties facing our business

• the interest of the Group’s employees, including how our employees are settling into their new businesses or roles, including promoting health and wellbeing while remote-working under the current global pandemic: see also our Employee engagement statement in Section 2.7 of the Directors’ report

• the need to develop and foster the Group’s relationships with suppliers and customers, including their views on climate change and the need for considering new technologies and growth in renewables: see Section 2.6 of the Directors’ report where we discuss our engagement with suppliers and customers

To enable and ensure stakeholder considerations are reflected in our corporate decision-making, we have standing agenda items for Board meetings that reflect our different stakeholder groups’ interests. Stakeholders of the Company and the Group are considered in all decisions made at Board level. In particular, during the year, the directors met at least on a quarterly basis as well as numerous ad-hoc telephone discussions about matters of material importance to the Group’s strategy and its stakeholders.

At each meeting of the board of directors, senior management provided thorough updates on the Group’s strategy, including both general updates and specific actions the Group is taking to further improve the implementation of the agreed strategy. In particular, at each meeting, directors take the opportunity to robustly challenge assumptions made by senior management with specific reference and consideration to the Group’s primary stakeholders, being clients, suppliers, employees, and shareholders, and the impact that decisions taken by the Group would have upon each of them.