2021 Report
2021 Report
2021 ESG Metrics

Our Commitment

Governance practices have been established to ensure that we have the policies, processes and checks and balances in place to manage our business prudently and responsibly.

A strong and effective corporate governance framework is critical to creating a sustainable business and ensures the  interests of our stakeholders are at the forefront of our decision-making process. 


In this section, you'll find details on:


Board of Directors

Our processes, procedures and guidelines support the Board in conjunction with its legal obligations and mandate from the shareholders to oversee and direct the affairs of SECURE. These include defining the roles and  responsibilities of our  Board and Board committees, along with their corresponding chair positions.

In 2021, following the merger with Tervita, we welcomed Grant Billing, Susan Riddell Rose, Jay Thornton and Michael Colodner to SECURE’s Board. All incoming directors previously served on the Tervita Board of Directors. Grant Billing, former Chairman of Tervita, is now Chairman of SECURE. Our Board is comprised of highly competent individuals who have the skills, experience and fortitude that will allow the Board to effectively carry out its  mandate and help guide SECURE and the execution of our business strategies. In addition to the directors listed below, Mark Bly was appointed to the Board on March 2, 2022.

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Oversight of ESG

SECURE has established an effective internal governance structure to help implement sustainability strategies and deliver on our sustainability commitments across the business. All levels of SECURE have been engaged to drive behaviours and actions to support our sustainability principles led by our organizational value “Do the right thing.”

The Environment, Social and Governance committee assists the Board in fulfilling its oversight responsibilities with respect to SECURE’s ESG matters. These include personnel and public health, safety and security, process safety, asset reliability, operational risk management programs, emergency response plans and programs, and environment and sustainability management programs.

Board of Directors - Committees

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Board and Leadership Diversity

SECURE values and recognizes the benefits of diversity and inclusion, including organizational strength, improved leadership and increased innovation

SECURE is focused on promoting diversity and inclusion on the Board and throughout the organization. In 2021, SECURE approved a Diversity and Inclusion Policy to outline the company’s commitment to diverse attributes in recruiting, hiring and promoting employees, and to the measurement of and reporting on SECURE’s progress in implementing diversity and inclusion throughout the workforce. We are confident that the implementation of this policy and the diversity that currently exists throughout the organization will lead to greater diversity at the executive level over time. The Diversity and Inclusion Policy further provides that SECURE has adopted a target of maintaining a Board comprised of at least 25% women. In 2021, SECURE achieved this target as women comprised 25% of the Board.

SECURE evaluates candidates for a senior management position by considering each person’s diversity, skills, competencies, experience, and leadership, and then, based on that review, determines if the candidate’s qualifications are relevant taking into consideration the current composition of the leadership team and the requirements of the position.


Management Accountabilities

The Senior Leadership team is responsible for setting SECURE’s strategic direction and  taking managerial decisions on operations and  resources management, including as it pertains to sustainability initiatives. Management reports to the Board on SECURE’s ESG performance on a quarterly basis.

Executive Compensation

The Board compensates executive officers with base salary, short-term cash incentives and long-term equity and cash incentives. The focus on incentives rewards the achievement of  corporate and individual performance objectives and aligns executive officers’ interests with shareholder value creation.

Incentive Awards

Incentive awards are based on company-wide performance goals that reach across all business areas. These include achievement of financial results and corporate development aligned with SECURE’s strategic plan and growth strategy, as well as individual goals that are tied to the area of the executive officer’s primary responsibility and may include the achievement of specific financial or business goals that support the delivery of SECURE’s strategy. These goals include ESG-specific metrics such as safety performance, progress towards meeting environmental targets aligned with achieving net-zero GHG emissions by 2050 and other broader ESG-related metrics.

"Say on Pay"

Since 2016, SECURE has held an advisory “say on pay” vote every three years as part of  the company’s process of shareholder  engagement. Starting in 2022, SECURE intends to hold an advisory “say on pay” vote annually. SECURE believes that Shareholders should have the opportunity to fully  understand the objectives, philosophy and principles used to make executive  compensation decisions and the advisory “say on pay” vote is intended to achieve this. SECURE is committed to demonstrating leadership in evolving governance issues including executive compensation as well as providing shareholders with clear, comprehensive and transparent disclosure  relating to executive compensation and to receive feedback from shareholders on this matter.

Board and Executive Compensation Program

A more detailed discussion of our Board and executive compensation program is available in our 2022 Management Information Circular and on SEDAR at sedar.com.

Code of Business Conduct

We believe ethical conduct goes beyond remaining in compliance with regulations.

Our expectation is that every employee upholds high ethical and moral standards. SECURE provides training to all staff on the Code of Business Conduct. The Code of Business Conduct additionally refers to the following policies:

  • Workplace Non-Discrimination, Violence, Harassment and Bullying Policy
  • Alcohol & Drug Use Policy
  • Diversity & Inclusion Policy
  • IT Acceptable Use Policy Privacy Policy
  • Policy on Trading in Securities
  • Corporate Disclosure Policy
  • Whistleblower Policy

SECURE has various other standard policies as well as documentation that addresses topics such as corruption, fraud and discrimination. Each director, officer, employee and consultant of SECURE is required to review the Code of Business Conduct and to confirm they understand their individual responsibilities and that they conform to the requirements of the policy. In 2021, as part of the integration, all legacy Tervita employees were required to review, acknowledge and complete the Code of Business Conduct training. All employees execute and drive our sustainability priorities through their daily responsibilities. In 2021, we implemented a campaign to further educate our employees on the importance of ESG factors on the success of the organization and empower our teams to strive to find ways to improve our sustainability performance, including as it relates to meeting our previously announced targets of achieving net-zero GHG emissions by 2050.

Cybersecurity and Data Privacy

We have robust cybersecurity measures in place to protect the security, reliability and availability of our information and technology infrastructure and services.

Throughout 2021, we implemented programs and projects to strengthen our cybersecurity capabilities and maturity, including 24/7/365 threat monitoring, near real-time vulnerability updates, with real-time protection and improved adaptive email filtering and quarantine. We continue to work with our technology infrastructure and service providers, as well as industry partners, to monitor and assess the macro-security landscape to ensure our cybersecurity program is robust.

Our cybersecurity program is subject to a comprehensive annual audit review by a third party. Employees are required to complete cybersecurity training on an annual basis. Cybersecurity is part of our risk management, and the Audit Committee
receives quarterly reports on cybersecurity matters and the status of various projects to strengthen our cybersecurity measures and improve our cyber readiness.

Regular internal communication raises awareness of the personal measures that mitigate cybersecurity threats. Employees are required to take IT Security Awareness Training to help avoid cyber incidents and strengthen the overall cybersecurity culture in the workplace. Additionally, employees must review our Code of Business Conduct every three years and the Code outlines expectations regarding the protection of the company’s confidential information during their service or in the event of termination. Employees’ personal information resides in our human resources information system, which is safeguarded through encryption of data and role based security measures in accordance with applicable privacy legislation.

Looking Ahead

  • On March 4, 2022, the Board approved an amendment to the Diversity and Inclusion Policy to increase the target of women on the Board to 30%. SECURE is committed to achieving this target at or prior to the 2023 meeting of Shareholders and will strive to maintain this target through the implementation of the Diversity and Inclusion Policy
  • Starting in 2022, SECURE intends to hold an advisory “say on pay” vote annually. The Board will take the results of the vote into account, as appropriate, when considering future compensation policies, procedures and decisions and in determining whether there is a need to significantly increase their engagement with Shareholders on compensation and related matters
  • In 2022, SECURE is committed to refreshing its materiality assessment to reflect the combined company and its increased ESG maturity. Results from the assessment will refine our strategy and help build business resiliency
  • After the materiality assessment is completed, ESG business-related risks will be integrated into Corporate Enterprise Risk Management processes and will be incorporated into the Board’s Audit Committee by Q4 2022