GPS OM&C Model and Saipem Code of Ethics
In 2009 the Board of Directors of Global Projects Services AG resolved to adopt its own organisational, management and control model (the “OM&C Model”), for the purpose of preventing the commission of offences that may result in the administrative responsibility of companies.
On 29 October 2026, the Board of Directors of Global Projects Services AG approved the latest update of the OM&C Model.
OM&C Model and Saipem Code of Ethics represent a general mandatory principle.
Saipem’s Code of Ethics clearly defines, in compliance with the law, the values that the Company recognises, accepts and shares in the conducting of its activities; it also establishes the responsibilities assumed towards internal and external stakeholders.
Compliance with the Code of Ethics by Saipem’s directors, statutory auditors, managers and employees, as well as by all those who operate in Italy and abroad for achieving Saipem’s objectives (“Saipem People”), each within their own functions and responsibilities, is of paramount importance – also pursuant to legal and contractual provisions governing the relationship with Saipem – for Saipem’s efficiency, reliability and reputation, which are all crucial factors for its success and for improving the social context in which Saipem operates.
All Saipem People, without any distinction or exception whatsoever, must respect the principles and contents of the Code of Ethics in their actions and behaviours in the context of their functions and tasks, aware that compliance with the Code of Ethics is fundamental for the quality of their working and professional performance. Relationships among Saipem People, at all levels, shall be characterized by honesty, fairness, cooperation, loyalty and mutual respect.
Compliance with the rules of the Code of Ethics must be considered an essential part of contractual obligations for all Saipem People, pursuant to and for the effects of the applicable law.
Saipem’s Code of Ethics is one for all Saipem People.
Whistleblowing
Saipem has adopted a Whistleblowing management system that ensures the management of whistleblowing reports received, including anonymously, in Italy and abroad for all the Group companies.
Whistleblowing reports may be submitted through any of the channels described in the document below or indicated at the following link: https://www.saipem.com/en/about-us/business-integrity/reports
pdf - 07-2024