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TAQA to partner with LRN

  • United Arab Emirates: Tuesday, September 16 - 2008 at 08:10
  • PRESS RELEASE

Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, announced an agreement with LRN, a company that helps businesses develop ethical corporate cultures.

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This partnership emphasizes TAQA's continued commitment to developing a values-based company culture that inspires principled performance throughout its global operations.

TAQA operates a geographically diverse global portfolio of energy businesses, with assets in power generation and water desalinization, oil and gas exploration and production, pipelines and gas storage. Working with LRN complements TAQA's global vision for corporate social responsibility, diversity, and ethical leadership as TAQA aims to instill its core values of innovation, integrity, teamwork and performance at all levels.

LRN will support TAQA's Global Compliance and Ethics Awareness Program with online ethics and compliance education and automated certifications for TAQA's multilingual workforce.

Peter Barker-Homek, CEO, said:
"Superior profits alone will not guarantee TAQA's future success, we rely on our values to ensure that creativity, commitment and passion are a part of everything we do. As such, we embrace diversity and equality in all our policies and practices; we have a passion for excellence; our high ethical and moral standards lead to honesty and integrity when fulfilling our commitments. LRN will help us anchor what we believe to be universal values throughout TAQA."


From the board of directors to supervisors on four continents to workers in remote locations, TAQA's vision is to operate under the highest ethical standards and ensure that the company and its employees live by them every day. TAQA takes pride in extending these standards and values to its entire network of stakeholders including employees, shareholders, customers, contractors, suppliers, and business partners worldwide.

"TAQA understands that adherence to rules and regulations are no longer enough in today's environment. Instead, the company recognizes the bottom-line value of reinforcing and living its corporate values throughout its entire organization,"

said Dov Seidman, CEO and chairman of LRN.

"Sustainable growth requires the highest standards of behavior. TAQA understands this, and we are pleased to partner with them in their efforts to instill this belief globally," he added.
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Notes and media contacts

About The Abu Dhabi National Energy Company PJSC (TAQA):

Founded in 2005, Abu Dhabi National Energy Company, PJSC (TAQA) is a global energy company with a growing asset base of approximately Dhs86bn ($23.4bn). One of the largest companies listed on the Abu Dhabi Securities Exchange (ADX), with 2007 revenues of more than Dhs8bn ($2bn), TAQA is a flagship corporation for the Government of Abu Dhabi.

TAQA's strategic goal is to build and operate a geographically diverse global portfolio of energy businesses across the value chain. It has operations in power generation and water desalination, oil/gas exploration and production, pipelines, and gas storage.

TAQA employs approximately 2,800 people from 38 different nations and operates from its headquarters in Abu Dhabi, United Arab Emirates, with offices in Ann Arbor, Michigan; Aberdeen; Amsterdam, Calgary and The Hague. This footprint is further extended through alliances with partners across Africa, the Middle East, Europe, North America and India.

TAQA carries Aa2 and AA- credit ratings from Moody's and S&P respectively.

About LRN:

LRN is the global leader in business ethics and corporate compliance management solutions, enabling companies to drive business performance through values-based corporate cultures. The company provides executive insights, management tools and workforce education that make responsible conduct part of everyday business practice. LRN is the trusted partner to leading businesses worldwide, including Disney, Dow Chemical, eBay, Johnson & Johnson, Procter & Gamble, Raytheon and 3M. Founded in 1994, the company operates in more than 120 countries, with headquarters in Los Angeles and offices in New York, London and Mumbai.

For more information, please contact:

Reem Al Midwahi
TAQA
Tel: + 971 2 691 4940

Kathleen Brennan
LRN
Tel: +1 310.209.3890

Jonathan Ellis
Capital MS&L (Dubai)
Tel: +971 4 367 6172
Fax: +971 4 427 8689
P.O. Box 502697 Dubai, UAE

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