GDF SUEZ is committed to developing the highest standards of ethical practice and transparency.
International reference models
GDF SUEZ’s principles of action are rooted in international reference models, in particular:
- the Universal Declaration of Human Rights and Additional Protocols,
- the standards of the International Labour Organization (ILO),
- the Guidelines for Multinational Enterprises laid down by the Organisation for Economic Co-Operation and Development (OECD),
- the United Nations Convention against Corruption.
The Extractive Industries Transparency Initiative (EITI)
The exploration and production sector generates substantial revenues for both countries and enterprises. GDF SUEZ stresses the importance of transparency and encourages countries and companies involved in the extractive industries to publicly declare the payments made by industry to the host countries.
EITI significantly increases the likelihood that civil society and local populations will benefit from the use of national resources. GDF SUEZ officially became a “member company” in 2009 and now publishes information on payments to European EITI member countries where GDF SUEZ conducts exploration and production activities.
EITI is a coalition founded in 2002. Its members are nations, companies, civil organizations, investors and international bodies. The aim of the initiative is to promote greater transparency in governance and greater responsibility in the management of revenue flows from the oil and gas industries. Its objective is to establish an international standard under which companies undertake to declare the payments they make and countries to declare the amounts they receive. As of now, more than 50 of the world’s largest oil, gas and mining companies support the EITI.
Taxes, revenues and capital expenditure 2010
Exploration & Production | | Germany | United Kingdom | Norway | Netherlands | Azerbaijan |
| Corporation tax | 42.1 | 92.52 | -0.26 | 24 | |
| Royalties | 39 | | | | |
| Other taxes | 4.4 | 5.36 | | 33 | 0.398 |
| Revenues | 487 | 343.15 | 619.5 | 1 099 | |
| Capital expenditure | 57.6 | 61.62 | 320.9 | 355.9 | |
(All figures in € millions)
Corporate tax fund for Norway: exploration tax refund 2009
Entreprises pour les Droits de l’Homme (EDH) [Businesses for Human Rights]
The respect for human rights and their inclusion in the organization and conduct of business activities represent a major priority for companies.
Eight companies, either French or French-speaking, have decided to work together on the subject and to join the EDH (businesses for human rights) organization: AREVA, BNP Paribas, Casino, EDF, GDF SUEZ, Sanofi-aventis and STMicroelectronics. The goal is to contribute to the principles of the Universal Declaration of Human Rights being implemented in company operations through the following actions:
- reciprocal exchange of practices between members and with other parties, in particular other companies,
- development mutually and with the main stakeholders in this field, of solutions to improve these practices,
- participation in the development of ideas in France and abroad on ways to incorporate this dimension into their management systems and tools,
- involvement in the promotion of human rights in the workplace.
EDH is inspired by the work done since 2003 by the Business Leaders Initiative on Human Rights (BLIHR)* and is keen to add its own contribution from French-speaking culture.
*BLIHR currently has 13 multinationals as members, including AREVA. Its honorary president is Mary Robinson, former President of Ireland, former United Nations High Commissioner for Human Rights and member of the Haut Conseil de la francophonie.
Transparency International France
GDF SUEZ is a member of the French section of Transparency International, a non-governmental organization dedicated to the fight against corruption. Under this partnership, Transparency International France has advised Group subsidiaries on the analysis of corruption risk.