Managing ethics and compliance
BP strives to work to consistent and high ethical standards
Everyone in BP, wherever they are located, has an obligation to uphold laws and behave with the highest ethical standards that are reflected in our values and our code of conduct. This is fundamental to the way BP operates. Everyone is also expected to speak up if they have questions, concerns or become aware of any possible violations.
How we manage ethics and compliance
The ethics and compliance committee is part of BP’s system of internal control. It provides BP’s leadership with information and assurance on the ethics and compliance programme and a forum for discussing and directing change. Chaired by the group chief executive, the committee also reviews, oversees and approves the group’s ethics and compliance programme.
Our ethics and compliance team works closely with our businesses and functions to help ensure that they comply with our values, laws, regulations and our code of conduct, and that they manage ethics and compliance risks. The team provides oversight, support, expertise and training to ensure each business and function develops and maintains an effective ethics and compliance programme locally.
We investigate accusations of non-compliance with the code of conduct or ethical misconduct. Employees and/or contractors who are proved to have committed a breach are held accountable through disciplinary action, which may result in dismissal or termination of commercial contract.
Dismissals of employees and contractors
In 2012, our businesses reported 424 dismissals for non-compliance or unethical behaviour, compared with 529 in 2011. This excludes dismissals of staff employed at our retail service station sites, for incidents such as thefts of small amounts of money.
Dismissals for non-compliance and unethical behaviour
We expect contractors to comply with all applicable legal requirements and to act consistently with the principles of the code of conduct when working on our behalf. In 2012, our businesses reported that six suppliers’ contracts were either terminated or not renewed, compared to 14 in 2011. A new reporting process to capture this information is being put in place for 2013.
Contracts terminated or not renewed due to non-compliance or unethical behaviour
Following the settlement with the US government of all federal criminal claims related to the Gulf of Mexico, BP has agreed to appoint an ethics monitor and a process safety monitor in the US for a term of four years. The ethics monitor will review and provide recommendations for the improvement of BP’s code of conduct and its implementation and enforcement.
The information on this page forms part of the information reviewed and reported on by Ernst & Young as part of BP's 2012 sustainability reporting. View the full assurance statement.