In the past years Saipem has actively taken part in the fight against corruption by expressly prohibiting in its Code of Ethics "practices of corruption, unlawful favours, collusive behaviours, direct or indirect solicitations for personal benefits and career gains for oneself or for others." All Saipem personnel are required to comply with the Code of Ethics, which must be expressly accepted by all suppliers during their qualification process.
Saipem has committed to respect the principles of the United Nations Convention Against Corruption (UNCAC), the principles of the OECD Convention on Combating Bribery of Foreign Officials in International Business Transactions and the Business Principles for Countering Bribery issued by Transparency International.
In 2010 Saipem’s commitment was also further strengthened by two initiatives:
Both the Anti-Corruption Compliance Guidelines and the Anti-Corruption Ancillary Procedures have been adopted by all controlled companies of Saipem Group, both in Italy and abroad.
With the aim of improving the framework of the anti-corruption rules and procedures implemented in order to maximise Saipem’s compliance with the Code of Ethics and the national and international laws applicable in Italy and abroad, on 23rd April 2012 the Board of Directors of Saipem S.p.A. has approved the new Management System Guideline “Anticorruption”. Such procedure has immediately effect for Saipem S.p.A. and its subsidiaries, which are also proceeding to approve it by board resolution.
Most relevant changes are the following:
On 30th June, 2015 Saipem S.p.A. has issued the revision of the Management System Guideline “Anti-Corruption”, which represents an improvement in the framework of Saipem Compliance Program and Corporate Governance on anti-corruption.
Saipem requires compliance with the anti-corruption laws by all its intermediaries, its business partners as well as by its “covered business partners",who, in carrying out their activity in the interest of Saipem, could have relevant contacts with public officials.
Saipem personnel have the duty to comply with the anti-corruption rules: to such end, all relevant documents are easily accessible through the Company’s intranet portal.
In such context, a role of primary importance is vested in the managers, who have the duty to promote their teams’ compliance with the MSG Anti-Corruption and Ancillary Procedures. In addition, Internal Audit examines and independently evaluates internal controls to ensure that the provisions of the Anti-Corruption Compliance Guidelines are complied with on the basis of their annual audit programme, as approved by the Board of Directors.
Any suspected or known breach of the anti-corruption laws or MSG Anti-Corruption must immediately be reported in accordance with the provisions set out in the Reports (Including Anonymous One) Received by Saipem and Its Subsidiaries, including the following link
Disciplinary measures may be taken against Saipem personnel found guilty of breaching the anti-corruption laws, who do not take part in the prescribed training programme, who omit to report violations they are aware of or who retaliate against others who report violations.