We live and work by a moral code, outlined in our Guiding Principles and Code of Conduct. Together, they are who we are as a company. These are not just platitudes that we hang on the break room wall. They are deeply held values that we live and breathe every day.
Shared Vision and Principles
Koch Methanol companies are guided by the Vision of creating more value for others through virtuous cycles of mutual benefit. Everything we do is grounded in our Market-Based Management® philosophy and Guiding Principles.
Because they are privately held, Koch Methanol companies are better able to make decisions and take actions that create real and lasting value. We are not constrained by quarterly or short-term demands, such as earnings or share price targets. Instead, we focus on long-term value creation.
Compliance and Ethics Standards
Koch Methanol companies have robust compliance standards and risk management systems. The Global Code of Conduct, and the training on the Code that all employees receive, articulates expectations for every employee regardless of role. Employees and third parties are given several channels for raising issues and concerns without retaliation and are expected to “stop, think, and ask.”
Oversight and Continuous Improvement
Audit and self-assessment results, incident tracking, investigations, and knowledge sharing are just some of the tools we use to learn and improve our performance. There is board-level oversight of our audit and assurance programs.
Koch Methanol companies are wholly-owned subsidiaries of Koch Industries, Inc. Koch's board members are employees and major shareholders with a variety of different perspectives, aptitudes, skills, knowledge, experiences, and backgrounds.
Financial Strength and Responsibility
Koch's use of debt is prudent. Koch has financial standards and controls to guide our companies and employees regarding performance expectations. Shareholders consistently reinvest 90% of earnings back into the company – a practice which funds experiments, innovations, and opportunities for employees to create ever greater benefits for society.
Koch openly and proactively communicates with customers, employees, and other constituents about our principles and EHS performance.