Maxar is helping to build a more sustainable future for everyone by applying recognized Environment, Social and Governance (ESG) principles to innovations and solutions that make the world a better place.
Read the 2021 Environmental, Social and Governance (ESG) Report (PDF)
At Maxar, we believe our business is strengthened by our commitment to ethical governance, to good corporate citizenship, to sustainability, and to our people. Through our work for customers around the globe and our support for our local communities we fulfill our Purpose: For A Better World.
The Board of Directors has an important ESG role at Maxar. Every Board Committee has oversight responsibility for some aspect of ESG, with several specific ESG elements included in Committee Charters. Among other responsibilities, our standing Board Committees oversee the following ESG topics. Each committee devotes time to these topics during at least one meeting of the year, and in many cases at every committee meeting. The full Board is briefed on these topics through committee reports and management presentations.
Nominating and Corporate Governance Committee
ESG program and practices
Corporate governance
Code of Ethics and Business Conduct
Audit and Finance Committee
Annual financial statements and audit
Financial risks
Ethics and hotline complaints
Compensation Committee
Compensation programs
Human capital and diversity and inclusion efforts
Risk Committee
Enterprise Risk Management program
Key business concerns including cybersecurity and information technology
The Executive Leadership Team (ELT) oversees and incorporates ESG initiatives throughout their organizations. ELT members also actively lead, participate in and/or sponsor one or more ESG-relevant working groups within the company, including the Diversity, Inclusion and Belonging (DIB) Committee, the Enterprise Risk Management Committee, the Compliance Committee, the Quality Assurance Committee, the Policy Governance Council and the Political Action Committee (PAC).
ESG strategy is led by our Vice President and Deputy General Counsel with support from the Director of Sustainability. Others playing an integral role in ESG strategy include company leaders overseeing facilities, Environmental Health and Safety (EH&S), DIB, team member and community engagement, product quality, information security and compliance. ESG leaders are responsible for regularly assessing the risks and opportunities that are material to the business and our stakeholders and for ensuring that these risks and opportunities are appropriately understood and addressed in our business operations and strategies.
Maxar formed a cross-functional ESG Council to identify, assess and act on ESG-related risks and opportunities throughout our business. With support from designated ESG Champions, the ESG Council’s aim is continuous improvement in incorporating those risks and opportunities into business decision-making and operations. The ESG Council is composed of senior leaders representing every part of our business.
ESG Champions support the work of the ESG Council by communicating and supporting ESG initiatives deep into the organization so that all our team members are cognizant of our ESG objectives and initiatives. The ESG Champions are appointed by the ESG Council and share accountability for setting and making progress against the goals established for our material ESG topics.