Business Ethics

The UN Global Compact

The A.P. Moller-Maersk Group signed up the internationally acknowledged framework for sustainability, the UN Global Compact, in March 2009. This emphasises our commitment to sustainable development within the areas of human rights, labour rights, environment and anti-corruption.

The UN Global Compact is a voluntary initiative based on ten key principles in the areas of human rights, labour rights, the environment, and anti-corruption. The aim is top promote the development of responsible corporate citizenship, where businesses contribute to the solution to some of the challenges of globalization. More than 5,300 companies from around the world have signed up so far.

> More about Global Compact and the ten principles at www.unglobalcompact.org

Maersk Principles of Conduct

Doing business in an ethical and respectful manner has also been an integrated part of Maersk Oil. The Maersk Principles of Conduct outline our commitment to responsible business practices, form port of our approach to sustainability and signify our continued commitment towards our employees, customers, suppliers, business partners, shareholders and communities. Link to more information

Anti-Corruption

In Maersk Oil we are dedicated towards conduction our business in a fair and transparent manner. Our anti-corruption policies are intended to help our employees who find themselves having to deal with difficult situations where ethical choices must be made. An unsavory situation which unfortunately occurs occasionally for any company working globally. Our legal department has established a set of policies, compliance tools and training programs to answer this question. These initiatives include:

A Group anti-corruption policy and set of comprehensive guidelines
In-person and online training sessions
Use of due-diligence materials in selecting certain categories of business partners, e.g. agents, JV partners and large-scale suppliers
Use of risk-based standard compliance contract clauses
Ongoing internal monitoring as implementation proceeds, including gathering feedback on necessary improvement.

The program incorporates elements from other companies' programs, standards proposed by various NGOs and enforcement agencies, as well as significant practical input from our stakeholders.

Extractive Industries Transparency Initiative (EITI)

Maersk Oil currently operates in two countries which publish EITI reports. Their most recent reports can be found below.

Norway
Kazakhstan

Extractive Industries Transparency Initiative

Maersk Oil supports the Extractive Industries Transparency Initiative (EITI) as part of its transparency and anti-corruption activities. The EITI is a globally developed standard that promotes revenue transparency at the national level through public reporting of company payments and government revenues. The objective is to strengthen governance through increased transparency on the revenues governments receive from the extractive industries. Link to more information www.eiti.org

Communities

Maersk Oil supplies oil and gas which helps support the world’s economic growth and development. When we enter a community, our projects and operations create jobs for the local population, pay taxes and buy from local suppliers. We also give back to the community through donations and community involvement.

Corporate citizenship

In our commitment towards being a good local citizen we engage with our stakeholders to understand them better and inform them of our activities.We support projects primarily in Health and Education and have numerous ongoing activities in our worldwide locations. More information on these is available from Maersk Oil Communications department.

Business Units