In our Good Citizenship Business Principles, we commit to the
highest levels of ethical conduct and transparency.
As a participant in the UN Global Compact, we have committed to working against corruption in all its forms, including extortion and bribery. We support the Extractive Industries Transparency Initiative (EITI) and report annually on the tax and royalty payments we make in our significant countries of operation.
Our Business Principles, supported by our new Business Integrity policy, prohibit making donations to any political party or politicians, and require that our employees, in giving or receiving gifts and hospitality, abide by our policies and procedures, act in a transparent manner and ensure that they do not seek any improper advantage when conducting business or in their dealings with public officials.
We do not allow our employees, or those acting on our behalf, to offer, solicit, pay or accept bribes. We also do not condone anti-competitive practices and will not tolerate any such activity by our employees. Our employees are also prohibited from trading securities when in possession of unpublished, price-sensitive information.
We provide specific business integrity training to all employees who may be exposed to corruption risks. By the end of 2012, more than 3,500 employees, including senior managers, had taken part in 180 training sessions, and more than 2,800 employees had completed a refresher course. Participants were advised on where to go for advice and how to report concerns, including through our whistleblowing system.