We promote transparency and fight corruption, believing that this is vital to ensure good governance and promote effective markets and sustainable development.
Openness and transparency are important principles that we are committed to and on which we do not compromise.
We promote transparency and fight corruption through regular stakeholder dialogue and by respecting national and international laws. We maintain integrity through due diligence procedures, rigorous training in business ethics and anti-corruption measures. We publish our revenues, investments and taxes paid in the countries where we operate.
StatoilHydro’s commitment to transparency and anti-corruption is solidly anchored in a number of international initiatives, primarily the United Nations Global Compact principles on human rights, labour standards, the environment and anti-corruption.
Furthermore, we have endorsed the Extractive Industries Transparency Initiatiev (EITI), and were the first major oil company to start disclosing all revenues and payments in the countries in which we operate.
We have also taken a lead to align the work of major international anti-corruption initiatives (Global Compact, International Chamber of Commerce, and Transparency International) through the World Economic Forum’s Partnership Against Corruption Initiative (PACI).
StatoilHydro also supports Transparency International through a corporate agreement. We collaborated with Transparency International on the development of Business Principles for Countering Bribery.
