Our Code of Conduct includesour Anti-Bribery & Corruption policy,which prohibits bribery in all business dealings, in every country around the world, with governments, employees of state-owned companies and the private sector, or anyone else whatsoever.
Our Anti-Discrimination policy, also included in Our Code of Conduct, prohibits discrimination or harassment against any employee or applicant based on race, color, religion, national or ethnic origin, sex (including pregnancy), sexual orientation, gender identity or expression, age, disability, veteran status or other characteristic protected by law. Our policy also prohibits retaliation for concerns raised in good faith.
In November 2019 we launched Our Way, the newly refreshed Baker Hughes Code of Conduct. The code of conduct is titled “Our Way” because it is premised upon doing things the right way, the ethical way, and the compliant way. It’s in our DNA to act with integrity in all that we do, and our code of conduct reflects that core belief. By consistently demonstrating this commitment; we distinguish ourselves in the industry and strengthen the trust between us, our employees, customers, suppliers, and the public; maintaining our reputation as a responsible business. Our Way serves as a reminder that as we take energy forward, we are expected to act with integrity in all that we do.
2. Improper payments and anti-bribery
3. Working with governments
5. Supplier relationships
7. Competition law
9. International trade compliance
11. Fair employee practices
12. Anti-money laundering
13. Cyber security and privacy
14. Insider trading and stock tipping
A Compliance Review Board, composed of senior officers of the company meets quarterly, as well as Product Company and regional compliance committees.
Regular compliance risk assessments focus on country and third party risks (including corruption risk), to identify opportunities for continuous improvement and resource allocation.
Our comprehensive employee training program targets key risks that employees face on an ongoing basis. In 2019 a total of 59,464 employees, representing 94.2% of our workforce, completed ethics and compliance programs, including Code of Conduct training.
Open Reporting Environment
Employees are encouraged to report any ethics or compliance matters without fear of retaliation, including a global network of trained employee ombudspersons, a dedicated website where employees can raise anonymous concerns, and a worldwide, 24-hour integrity helpline operated by a third party and available in 150 languages.
Baker Hughes takes security and data privacy very seriously. Given our global footprint and the increasing sophistication of cyber attacks, cybersecurity and privacy protection are a crucial part of our risk management and sustainability management systems.
We comply with all applicable global privacy regulations in the markets where we operate, including the General Data Protection Regulation (GDPR) framework in Europe. During 2019 we conducted GDPR compliance training for employees whose roles involve handling customer data.