CONDUCTING BUSINESS WITH ETHICS
AND INTEGRITY
Our commitment to strict ethical standards contributes
directly to the professional reputation of our company.
Our approach to ethical business transactions is guided
by our corporate Code of Business Conduct and Ethics.
The code is principles-based and assumes the applica-
tion of professional judgment. The Board of Directors
audit and risk management committee reviews compli-
ance at least annually.
The Code is also posted on our internal and external
websites. Full compliance is required from all employ-
ees in completing required training on our code.
The TRC ethics hotline and Ethicspoint reporting web-
site are resources for all employees. An ethics officer is
in place and is accessible to all employees.
We have a fundamental commitment to treating our
employees with the highest dignity and respect as
communicated in our employee handbook. Discrimina-
tion against or harassment of employees for any reason
will not be tolerated.
Our Code of Conduct states our commitment to
properly respond to inquiries by government offi-
cials. Employees refer any governmental inquiries
or notices to the General Counsel who is respon-
sible for coordinating a full and timely response,
including corrective actions if warranted. Non-
compliance events and near misses are com-
municated internally to share lessons learned in
order to avoid recurrence.
20
2018 Sustainability Report
MANAGING RISK
TRC’s Chief Risk Officer oversees the Company’s risk
management processes and practices that impact the
strategic direction of the Company. Our risk manage-
ment program is comprehensive in nature and enables
us to identify sources of risk, establish the desired level
of risk, and then develop opportunities to mitigate those
risks in alignment with our strategic objectives.
We strive for a defensively biased risk posture striking
an appropriate balance between risk and opportunity
to ensure that we maintain the appropriate risk-reward
culture. We routinely apply these principles during our
project review process, which helps us to communicate
how managing risk is a strategic tool across all levels of
the organization. We believe that emphasizing commu-
nication and clear accountability for risk throughout the
organization has served to significantly improve our risk
management effectiveness, particularly the high level of
focus and resources we employ throughout Operations
and the Corporate Safety, Cyber/IT, Finance, Sustainability,
and Legal functions.