ETHICS and BUSINESS CONDUCT
BW Offshore’s values are based on openness, integrity, competence and team play and are rooted in honesty and respect for the individual. BW Offshore’s success is profoundly dependent upon retaining and promoting our ethical reputation and the public confidence we have earned.
Our commitments and principles
The content of two documents establish the core of BW Offshore’s Ethics and Business Conduct Compliance Programme:
- The “BW Offshore Code of Ethics and Business Conduct” contains the commitments and principles we observe when we conduct our business.
- BW Offshore's “Ethics & Business Conduct Guidelines” further elaborate on such principles and are intended to provide practical guidance for our Representatives (including employees, Board members, officers, temporary employees, consultants and agents) in day-to-day situations or dilemmas of ethical nature, in order to ensure that behavior complies with the policies and rules of BW Offshore at all times
Operational processes found in the BW Offshore Management System support the Ethics and Business Conduct compliance documents.
BW Offshore, as a part of BW Group, is a member of the Marine Anticorruption Network MACN. BW Offshore abides by the MACN Anti-corruption Principles and the anti-trust policy, the tenets of which form part of BW Offshore’s compliance programme.
Our responsibilities and raising expressions of concern
It is every BW Offshore Representative’s responsibility to conduct their activities in accordance with the BW Offshore Purpose & Principles and with good, ethical judgment consistent with the requirements of our Code and Guidelines however, they are not alone in this effort and are encouraged to raise questions, dilemmas, concerns or any suspected instances of non-compliance to the SVP Compliance, Internal Audit & Risk (“SVP Compliance”).
This can be done directly or through use of the BW Offshore “Speak Up Channel” found on the Ethics and Business Conduct Intranet.
Alternately, BW Offshore’s SVP Compliance can be contacted on:
Our CEO and the BW Offshore management team are committed to ensuring that no one suffers detrimental treatment as a result of doing the right thing and remind all representatives that breaches of the Code, Guidelines or relevant statutory provisions may result in disciplinary action or dismissal from the organization.
Expectations of our business partners
BW Offshore also expects its business partners (including suppliers, contractors and other 3rd parties) to observe equivalent principles when conducting business with, or on behalf, of the company. A “BW Offshore Supplier Code of Ethics and Business Conduct” has been created to inform our business partners of our expectations and requirements.
Business partners will accordingly be subject to BW Offshore’s compliance assessment activities, overseen by the SVP Compliance.