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Code of Business Conduct - Ontario Power Generation

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Introduction<br />

We have all seen examples <strong>of</strong> companies or individuals who have not acted<br />

ethically and the damaging results. Customers question if they should continue<br />

doing business with the company and the public loses confidence in what its<br />

employees and leaders have to say. When people stop believing in you, the<br />

financial consequences may not be immediate, but loss is likely and it can be<br />

difficult to recover.<br />

The best way for OPG to avoid these worst case scenarios is to continue<br />

working in an ethical way. We need to show <strong>Ontario</strong> that public power<br />

delivered by OPG is the best power. We need Ontarians to keep believing in us.<br />

It’s not enough to deliver excellent results. We need to achieve those results in<br />

an honorable way.<br />

That is why having a <strong>Code</strong> <strong>of</strong> <strong>Business</strong> <strong>Conduct</strong> (the “<strong>Code</strong>”) is so critical to<br />

what we do and who we are at OPG. The <strong>Code</strong> establishes our values and sets<br />

the standard for our business behavior. We expect all employees to understand<br />

and follow the <strong>Code</strong>. It is the only way we can safeguard our reputation as a<br />

reliable, ethical company.<br />

The <strong>Code</strong> is a guideline, it is not a list <strong>of</strong> commandments or prohibited actions.<br />

It’s impossible to write a rule book on everything, especially in a large and<br />

complex organization like OPG. Instead, the <strong>Code</strong> and its values clarify what is<br />

important to our organization. It is your job to apply it to your daily work and<br />

interactions.<br />

OPG’s new mission “to be <strong>Ontario</strong>’s low cost generator <strong>of</strong> choice” has been<br />

added to the <strong>Code</strong> and we will now refer to our four principles as “values.”<br />

Safety has been added as the leading value, in addition to Integrity and<br />

Excellence and “People” has been added to Citizenship as one value. A new<br />

section also addresses the behaviours we need to achieve our mission.<br />

There will be situations where the path forward is not clear. If this is the case,<br />

seek advice by talking to your supervisor, your Human Resources Consultant<br />

and/or the Chief Ethics Officer.<br />

To meet our mission to be <strong>Ontario</strong>’s low cost generator <strong>of</strong> choice, we need to<br />

work together and live by the <strong>Code</strong>. It will point the way as we strive for success.<br />

Tom Mitchell<br />

President and CEO<br />

Jake Epp<br />

Chairman<br />

3 OPG <strong>Code</strong> <strong>of</strong> <strong>Business</strong> <strong>Conduct</strong>, August 2012

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