• 15 Sep 2008
  • Global

TAQA to partner with LRN underscoring dedication to principled performance and achieving the highest standard of corporate behavior worldwide

Abu Dhabi and Los Angeles – Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, today announced an agreement with LRN, a company that helps businesses develop ethical corporate cultures. 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.”- ENDS -Contact Information for Media:Allan Virtanen
TAQA Media Relations, Abu DhabiTel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqa.comAbout TAQAEstablished in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA’s power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA’s oil and gas business includes exploration and production, underground gas storage and pipeline transportation.Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. For more information about TAQA visit: www.taqa.com or Twitter: @TAQAGLOBAL

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