Sustainability challenge
Business ethics and transparency
Corruption, bribery, and other fraudulent practices can impact society by destabilising institutions and undermining fair business competition.
Our approach
We have zero tolerance of all forms of bribery, corruption, and kickbacks, given or received, direct or indirect. Adherence to our good business conduct is a key focus, both internally and with our business partners, and is promoted through policies, procedures, and reporting mechanisms.
Our progress
- We continue to make efforts to strengthen our ‘Know your counterparty’ screening programme against sanctions, government watch lists, adverse media etc., and the performance of risk-based due diligence of business partners, including suppliers, key customers, and joint venture partners.
- As we expand our global footprint, we are continously assessing how local customs and best practices – in relation to gifts and entertainment, for example – compare to group policies and procedures to ensure continuous adherence to our good business conduct while understanding the local environment.
Actions for the future
We will continuously strive to improve our compliance set-up to meet regulatory obligations as effectively as possible whilst aligning with best practices in the countries where we operate.