Ethics and Compliance

Technip is committed to carrying out its business activities in an ethical manner and in strict compliance with the law, wherever it operates.  In today’s world, this is the only way to do business

 

Thierry Pilenko, Chairman and Chief Executive Officer

 

 

Creating an Ethics Culture across the Group

Technip’s professional activities are governed by a set of values:

  • Doing the right thing
  • Trusting the team
  • Encouraging a fair return for all
  • Building the future

As part of this commitment the Group adheres to the principles of the UN Global Compact and has devoted specific efforts to strengthening the ethics culture throughout the Group.

The Technip Ethics Charter, drafted and approved by the Board of Directors in 2007, amended in 2011, defines the Group’s objectives in the area of integrity and the corresponding rules of good conduct.

 

Group Ethics and Compliance Organization

Ethics & Governance Committee

The Ethics and Governance Committee was created in December 2008. It is composed of Members of the Board of Directors.

The Committee assists the Board of Directors in promoting best practices regarding governance and ethics within the Group.
One of the Committee’s main duties is to monitor compliance to ethics principles and to discuss all matters that the Board of Directors (or its Chairman) may send to it for examination.

The Committee meets at least twice a year.  Each year it presents an evaluation of its operating policies and proposes ways to improve its practices.

Ethics & Compliance Committee

The Ethics and Compliance Committee is composed of senior managers from across the Group and reports directly to the Chairman and CEO. It ensures that the Group’s Ethics Charter and all internal regulations derived therefrom are properly adhered to. The Ethics and Compliance Committee makes proposals to the Chairman and Chief Executive Officer of the Group and the Board of Directors of the Company concerning ethics and compliance. The Ethics and Compliance Committee also organizes reports from the managers of the Regions on how the Charter is being applied. Any employee can refer an issue to the Ethics and Compliance Committee on any subject relative to the principles set forth in the Ethics Charter. In addition, a whistleblowing procedure provides a structure to report conflicting / non-complying situations in the financial, accounting and anti-bribery areas. The Ethics and Compliance Committee is chaired by the Group Compliance Officer.

Group Compliance Officer

The Group Compliance Officer oversees and monitors Technip’s ethics and compliance programs.

The Group Compliance Officer reports to the General Counsel and to the Technip Board of Directors through the Ethics and Governance Committee and is responsible for ensuring the application of the Ethics Charter and the effective implementation and enforcement of applicable anti-corruption and compliance policies. Nevertheless, to the extent that the Group Compliance Officer wishes to raise an issue concerning the Chairman and CEO of Technip or any of his direct reports, the Group Compliance Officer shall raise such matter with the Chairman of the Technip Ethics and Governance Committee, to whom he/she shall report for these purposes. The Group Compliance Officer chairs the Ethics and Compliance Committee.

The Group Compliance Officer is not assigned to any profit-making group within Technip and does not hold any other position within Technip. He/she is familiar with national and international laws and regulations referenced in Technip’s anti-corruption and compliance policies.

Regional Compliance Officers

Regional Compliance Officers provide a local contact in each region for everyday operations. They are responsible for providing the necessary support to ensure the effective implementation of the company’s anti-corruption and compliance policies.

Group Ethics and Compliance Organization Chart

 

Ethics and Compliance Campaign
 

To further Technip’s commitment to make ethical behavior an integral part of the company’s culture, a Group-wide ethics and compliance campaign has been deployed in the aim of raising employee awareness of ethics and compliance issues and motivating ethical and responsible behaviors.  The cornerstones of the program are the “Ethics in Business" booklet and two ethics and compliance distance learning initiatives for all employees.

The “Ethics in Business” booklet describes Technip’s ethics and compliance program and sets out the employee code of conduct. It is available in the Group’s three main languages (English, French and Portuguese), and has been distributed to all employees. New hires receive the handbook when they join Technip.

The distance learning initiatives are jointly managed by Technip University and the Group Legal Division and include two separate components:  an Open University informative program focusing on anti-corruption and an interactive e-learning module called “Ethics throughout Technip” that are tailored to each employee’s role within the company.

 

Learn More about Ethics and Compliance

Below is a list of international institutions engaged in the fight against corruption. Click on the links to learn more about their initiatives.

 

OECD – ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

One of the OECD’s main missions is to fight bribery in international business www.oecd.org/daf/nocorruption. The keystone to its efforts is the 1997 OECD Anti-Bribery Convention and the Convention's 2009 Anti-Bribery Recommendation.

UNITED NATIONS

The United Nations Convention against Corruption (UNCAC) adopted in 2003 and entered into force in 2005, covers many different forms of corruption, such as trading in influence, abuse of power, and various acts of corruption in the private sector.

The United Nation Global Compact was launched in 2000 to seek to align business operations and strategies everywhere with ten universally accepted principles.
Technip is supporting and promoting the Global Compact within its sphere of influence, since 2003.

THE COUNCIL OF EUROPE

The Council of Europe Criminal Law Convention on Corruption, entered into force in July 2002, represents a European regional consensus on the criminalization and international cooperation with respect to corruption Council of Europe Criminal Law Convention on Corruption (CoE Criminal Convention).

The Council of Europe Civil Law Convention on Corruption, entered into force in November 2003 provides for compensation for damages, civil law remedies for injured persons, invalidity of corrupt contracts and whistleblower protection Council of Europe Civil Law Convention on Corruption (CoE Civil Convention).

TRANSPARENCY INTERNATIONAL

Transparency International (TI) is a global network founded in 1993 active in fighting corruption in more than 90 countries.

The annual TI Corruption Perceptions Index (CPI), first released in 1995, ranks more than 150 countries in terms of perceived levels of corruption.

THE WORLD BANK

According to the World Bank corruption is among the greatest obstacles to economic and social development.

Since 1996, the World Bank has supported more than 600 anticorruption programs and governance initiatives developed by its member countries.

THE INTERNATIONAL CHAMBER OF COMMERCE

The International Chamber of Commerce (ICC) issues the ICC rules of conduct and recommendations to combat extortion and bribery and the Fighting Corruption Handbook, and monitors the implementation of the UN and OECD conventions against corruption.