BW Offshore opposes any and all forms of corruption and is—together with the other Companies related to the BW Group—a member of the Maritime Anti-Corruption Network MACN, a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large.
Corruption can often be hidden in common forms of disguise, such as through gifts and entertainment, donations, sponsorship or political contributions. The exchange of corporate gifts and entertainment in a business context can help build goodwill and is a legitimate and valuable component of how the Company conducts its business. Instances that are excessive or could be seen to influence decision-making or judgements are not acceptable, and BW Offshore has created corporate reporting and approval mechanisms to review and monitor the giving or receipt of gifts or hospitality.
The Company does not make political contributions, nor does it authorise any personnel or representatives to do so on its behalf. BW Offshore however respects its personnel’s right to voluntarily participate in political and democratic processes with their own time and resources.
BW Offshore is open to providing responsible and ethical community support: sponsorship, charitable contributions and donations, be it in-kind, services, knowledge, or direct financial contributions, aimed at improving the lives and welfare of the local communities in which it operates. The Company is careful to ensure that charitable contributions and sponsorships are not used as a cover for and do not constitute bribery. Appropriate compliance and corporate authorisation review and approval mechanisms are in place for this purpose.
During the 2020 financial year, BW Offshore was not made aware of any confirmed cases of corruption.
Please click here to read BW Offshore’s guidelines on Anti-Bribery and Corruption