Business Continuity Policy
This Policy statement sets out Mubadala Energy’s commitment to continue to deliver, at acceptable predefined levels following a business disruption, the processes, products, services and core business operations that it depends on for success. Its implementation is critical to operational resilience that supports Mubadala Energy’s ability to deliver against its mandate to fulfil its contractual, legal and regulatory obligations following a business disruption.
This Policy applies at all of our operated sites, offices, warehouses, as well as assets where we have operational control. Where we do not have operational control, we endeavor to influence our business partners to adopt the principles of this Policy.
Our business continuity objectives are:
- To ensure that Mubadala Energy can continue to provide its products, services and core business operations whenever there is a business disruption.
- To reduce financial and legal liabilities, physical losses, reputational damage, and loss of staff morale. To operate and maintain a Business Continuity Management (BCM) system that complies with the NCEMA BC Standard (7000) and with Mubadala Energy’s Business Continuity Standard. To ensure that all those with responsibilities in BCM are competent.
- To establish program ownership, champions, and the necessary resources to maintain BCM throughout its life cycle. To protect assets, resources, and human capital, with a mandate from senior management, to sustain the Mubadala Energy’s overall business strategies.
- To identify vulnerabilities within Mubadala Energy’s operations and activities which have the potential to interrupt business as normal, with inputs from all departments and functions.
- To address continuity of outsourced services, including critical supply chain, vendors, and contractors.
We will achieve our objectives by:
- Adopting a systematic approach to BCM by having in place a reliable, efficient, and effective set of integrated standards, methodologies, and procedures, including the governance framework.
- Following the BC Standard globally and the methodologies for Business Impact Analysis, Business Continuity Solutions and Threat Assessment.
- Having in place Business Continuity Plans for all locations.
- Provide adequate awareness, training, testing, and exercising.
- Engaging with our stakeholders to understand their concerns and ensure that critical contractors have the ability to continue to provide their services when there is a business disruption.
- Providing guidance, oversight, and annual management reviews from the BC Steering committee.
- Having in place a suitable cross auditing regime to identify issues and stimulate mutual learning.
Exceptional and sustainable Business Continuity Management performance is critical to our business success and delivering the Mubadala Energy promise.