At Petroseas we are committed to conducting our business in an ethical, transparent, and responsible manner. As an organisation operating within the offshore and energy industry, we recognize the importance of maintaining trust and integrity in all our business relationships.
This Policy applies to all activities and services performed by Petroseas and applies to all employees, directors, contractors, suppliers, agents, representatives, and business partners acting on behalf of the company.
Petroseas has a zero-tolerance approach towards bribery, corruption, fraud, and unethical business practices. We are committed to complying with all applicable anti-bribery and anti-corruption laws and regulations.
To maintain our commitment to ethical business practices, we will:
Any violation of this Policy may result in disciplinary action, termination of agreements, or other appropriate measures in accordance with applicable laws and company procedures.
Integrity is a shared responsibility. All employees, contractors, and business partners are expected to act ethically and protect the reputation and values of Petroseas.
This Policy is communicated to all employees, contractors, suppliers, and business partners and is publicly available.
- Conduct all business activities with integrity, honesty, and transparency.
- Prohibit offering, giving, requesting, or accepting bribes, improper payments, or any other form of unethical advantage.
- Ensure that gifts, hospitality, and business benefits are appropriate, transparent, and never intended to improperly influence business decisions.
- Prohibit facilitation payments or unofficial payments made to speed up routine processes.
- Ensure that charitable donations, sponsorships, and other contributions are made responsibly and in accordance with applicable requirements.
- Perform appropriate checks when engaging third parties, including agents, contractors, suppliers, and business partners.
- Maintain accurate, complete, and transparent financial records and business documentation.
- Ensure that all employees and representatives understand their responsibilities through communication, awareness, and appropriate training.
- Encourage reporting of suspected misconduct or violations without fear of retaliation.
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