OUR COMPLIANCE CULTURE
SABIC recognizes that it can best succeed by having a culture based on integrity, devoted to quality and innovation, and responsible for maintaining high standards for the environment, health and safety, fair employment and sustainability. Our compliance culture and processes are designed to fulfill these goals, and are a core part of our commitment to how we do business.
The framework of our Compliance Culture lies in our Code of Ethics. In 2010, SABIC adopted a Code of Ethics that consists of 15 policies covering three broad areas: (a) Our Global Environment; (b) Our Workplace; and (c) Protecting our Assets. The SABIC Code of Ethics requires all employees to obey the law, be honest and trustworthy. These policies reflect our commitment to integrity and corporate citizenship, including our commitment to Responsible Care?, the United Nations Global Compact, and the World Business Council for Sustainable Development.
In addition, we believe there are two fundamental elements to create an effective compliance culture -- leadership engagement and employee commitment. Our leaders are responsible for creating the basic systems of preventing, detecting and responding to compliance issues and for creating a culture of compliance through leading by example. At the same time, each employee is responsible for understanding the compliance risks that impact his/her job. All of our employees are asked to acknowledge their understanding of the Code of Ethics annually and to complete assigned training on the policies contained in the Code of Ethics. We ALL have a responsibility to raise integrity concerns or violations promptly - failure to do so can have significant adverse consequences for our company, ourselves, our fellow employees and the communities in which we live. We strictly prohibit retaliation of any kind against anyone for raising or helping to address an integrity concern.