Governance

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Depending on the opportunities offered in the countries in which the Group operates, Maurel & Prom participates in sustainable development and anti-corruption initiatives such as the Extractive Industry Transparency Initiative (EITI).

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The Group is making progress in its ability to meet new CSR transparency obligations.

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In 2017, the Group reaffirmed the values and Principles of Conduct that should guide the behavior of managers, executives, employees and anyone representing the Group.

Since 2013, the Maurel & Prom Group has responded to the Carbon Disclosure Project (CDP)’s climate change questionnaire, and in 2017 scored B on a scale from A (best performance) to F.

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The new Code of Conduct put in place by Maurel & Prom includes Anti-Corruption Guidelines for effective prevention, as well as a strict prohibition of any act (or attempt) of corruption. In addition, a rigorous disciplinary sanction regime has been incorporated.

This implementation satisfies the requirements of the Law No. 2016-1691 of 9 December 2016 on transparency, the fight against corruption and the modernization of economic life, known as “Sapin Law II“, and the requirements of the Foreign Corrupt Practices Act (USA) and the United Kingdom Bribery Act (United Kingdom).

The Code of conduct also affirms the Group’s commitment to uphold the Universal Declaration of Human Rights and the ILO Fundamental Conventions, the OECD Guidelines for Multinational Enterprises.