Ethics and integrity – two codes of conduct based on shared values
Arkema, its personnel and its suppliers are guided in their actions by rules and principles of behavior. These rules are based on the ethics and the core values of the Group and are defined in the Arkema code of conduct and business ethics and in the code of conduct for suppliers.
Everywhere it operates, Arkema undertakes its activities in accordance with the principles and rules of ethics and integrity. These principles and rules are based on the company’s core values and guide the conduct of the Group in relation to the following:
- Its shareholders: it works hard to continue to deserve their trust, thanks to Good Governance Practices as well as reliable and relevant data.
- Its customers: it undertakes to provide them with high quality products and services. It seeks the best performance for each individual use at a competitive price.
- Its employees: it trusts them and is concerned about their working conditions. It attaches significant importance to the respect of people and their private lives, to the absence of discrimination, and to the protection of health and safety.
- Its suppliers and service providers: it chooses them on the basis of defined criteria and establishes a balanced and long lasting relationship.
- Its host countries: it complies with their laws and respects their cultures and traditions as well as their sovereignty.
Arkema's Code of Conduct and Business Ethics
The Code of Conduct and Business Ethics defines all the ethical rules and principles of Arkema. It is a reference document for all employees of the Group.
Our Anti-Corruption Policy complements the Business Conduct & Ethics Code as regards to the fight against influence peddling and corruption, by defining and giving concrete examples of the different types of behavior likely to be characterized as acts of corruption or influence peddling and setting out the minimum set of rules applicable to employees with respect to gifts and invitations.
Code of Conduct for Arkema's Suppliers
The Group requires from its suppliers to share the principles of social, environmental and societal responsibility as described in the code of conduct for Arkema's suppliers and to respect laws and rules which they are subjects to.
Adherence to the great universal principles
Arkema undertakes to comply with the rules of free competition and rejects corruption in all its forms.
Arkema's values are universal as they are inspired by principles derived from fundamental treaties including the Universal Declaration of Human Rights of 1948, the principles of the International Labor
Organization, the Guidelines for multinational enterprises of the OECD. Moreover, Arkema is a participant in the United Nations Global Compact initiative and support its ten principles.
The Group also adopted a Human Rights policy, in order to prevent and resolve any human rights breaches regarding its employees, partners or stakeholders.
The Ten Principles of the United Nations Global Compact
Since 2014, Arkema supports the United Nation Global Compact and is commited to respect The Ten principles:
- Businesses should support and respect the protection of internationally proclaimed human rights; and
- make sure that they are not complicit in human rights abuses.
- Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
- the elimination of all forms of forced and compulsory labour;
- the effective abolition of child labour; and
- the elimination of discrimination in respect of employment and occupation.
- Businesses should support a precautionary approach to environmental challenges;
- undertake initiatives to promote greater environmental responsibility; and
- encourage the development and diffusion of environmentally friendly technologies.
- Businesses should work against corruption in all its forms, including extortion and bribery.
The four core values of Arkema
Arkema shares its values with all the people with whom it interacts:
Rules for individual behavior
Arkema's course of conduct applies to all levels of the firm and at an individual level is expressed by a set of rules of behavior related to:
- Health, safety and the environment
- Relationships between employees
- Use of IT resources
- Relationship with suppliers and customers
- Confidentiality and intellectual/industrial property
- Conflicts of interest
- Insider trading
The Compliance Committee
The Compliance Committee comprises the Internal Audit and Internal Control Vice President, a representative from the Human Resources Division, the Sustainable Development Vice President, the Group Safety Environment Industry Vice President, a representative from the Legal Affairs Division, and a representative from the Financing / Treasury / Tax Division.
The Compliance Committee is charged with monitoring the application of compliance issues within the Group in the following areas: competition law, commercial intermediaries, fraud, business practices and integrity, workplace integrity and fairness, and protection of the environment.
The Compliance Committee reports to the Executive Comittee.