Energy for Business Integrity and Human Rights
Respect for ethical values, integrity in conducting our business and actively promoting human rights are a constant commitment for all Saipem personnel when managing corporate activities.
To this end, Saipem is a socially conscious company that wants to maintain and strengthen its governance system based on international best practices, in order to manage complex situations and address the challenges of sustainable development in the most incisive and equitable way possible.
Respect for corporate values and integrity are a constant commitment in our activities. Included among our fundamental corporate values, the respect for human rights represents the indispensable basis for building a society founded on equality, solidarity, the protection of civil, political, social, economic, cultural prerogatives and on the recognition of the right to self-determination, peace, development and environmental protection.
Business ethical responsibility
In all our business and commercial relationships, we are committed to always respecting and promoting the principles of loyalty, fairness, transparency, efficiency and openness to the market.
We strongly condemn any form of discrimination, corruption, forced labour or child labour. Saipem SpA is one of the first Italian companies to obtain the international certification according to the standard ISO 37001:2016 “Antibribery Management Systems”.
The certification, awarded by an independent third party, defines requirements and provides a guideline to support organisations prevent, detect and address corruption, to comply with the anti-bribery legislation and any other voluntary commitments applicable to their own activities.
Saipem's Code of Ethics is an integral and substantive part of our organisational model: it defines Saipem's fundamental values, as well as the responsibilities that the company has undertaken in respect of its internal and external stakeholders.
Both Saipem staff and everyone working to achieve Saipem's objectives are obliged to respect the principles and content of the Code of Ethics.
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Our commitment to human rights is a founding principle of our Code of Ethics that guides our business and corporate ethics and is an integral part of our policies and processes.
The Human Right Policy highlights the four key areas identified as being fundamental to our way of operating and for the associated risks: labour rights, supply chain, local communities and security.
In addition, the Vendor Code of Conduct includes specific labour and human rights requirements for our contractors and vendors.
Our frame of reference
Saipem operates within the framework of the principles in the United Nations’ Universal Declaration of Human Rights, the core International Labour Organisation (ILO) conventions and the Organisation for Economic Co-operation and Development (OECD) guidelines for multinational companies.
The United Nations’ Business and Human Rights Guidelines, Global Compact, 2030 Agenda and Sustainable Development Goals form the basis for our sustainable business strategy. Saipem annually publishes the “Saipem human rights and modern slavery statement” in compliance with the requirements of the 2015 UK Modern Slavery Act, the 2018 Australia Modern Slavery Act and the 2022 Norwegian “Transparency Act”.
Below some thematic areas for in-depth study: