Ethics

We aspire to be an ethical company. We aim to behave with the highest standards of transparency and integrity in everything we do. 

Our commitment

As a signatory to the United Nations Global Compact, we are committed to making continuous improvements to our approach to human rights, labour, environment and anti-corruption.

Our Ethical, Social and Regulatory Risk Policy adopted by our Board explains the principles of how we manage ethical risk at Petrofac. 

Instilling ethical behaviours

We always strive to do the right thing and encourage the right behaviours in all our employees and those who are involved with Petrofac.

Our values  are integrated into everything we do and we highlight their importance to employees at each stage of their Petrofac career. This enables everyone to understand what is expected of them, the behaviours we value and the contribution they make to the success of their teams.

Our ethical value helps us to do the right thing for our clients, employees, communities and the environments in which we operate.

Our training on ethical behaviour is centred on our Code of Conduct. We expect everyone who works with and for us to follow and uphold the Code, exercising good judgement and common sense in all their actions and business dealings.

Code of Conduct

Our Code of Conduct sets out the behaviours that we expect from our employees and everyone we work with, including our partners and suppliers. The Code also demonstrates our commitment to protecting people and the environment in all our business activities.

We ask all our employees, partners and sub-contractors to acknowledge the Code and we provide compulsory training on it, using an e-learning module in several languages.

Our Code covers areas such as:

  • Bribery and corruption
  • Bullying and harassment
  • Conflicts of interest
  • Employee share dealing
  • Equal opportunities
  • Health and safety
  • Interacting with communities
  • Political activities
  • Whistleblowing

If any employee or partner has a concern that the Code might have been breached, we encourage them to seek advice from line managers or their supervisor, Human Resources, Legal and/or Compliance, or to raise their concerns through our confidential whistleblowing helpline, Speak Up.

Standard for the Prevention of Bribery and Corruption

In 2016 we updated our Standard for the Prevention of Bribery and Corruption, making it easier to read and understand. We ran an extensive internal information campaign and launched an e-learning training programme to support the Standard, By the end of the year, nearly 10,000 employees had completed this training.

The creation of a dedicated compliance function signifies the Group’s commitment to ensuring that as we grow, we continue to cultivate a culture of compliance and a genuine commitment to our Code of Conduct

Marcelo Cardoso, Group Head of Compliance