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Promoting ethical behavior in business relationships
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GDF SUEZ has set itself the goals of embedding ethics into its strategy, its management and the Group’s professional practices, and of ensuring it has the means to measure its compliance with this commitment.
Adopting a Group standard for integrity
GDF SUEZ is evolving in an environment that is increasingly vulnerable to fraud and corruption. The internationalization of the Group's bases, competitive pressure in energy, services and water markets, and challenges linked to environmental preservation are creating new pressures that are evident throughout all activity sectors and at every level of responsibility.
To respond to this major issue, and as part of the Group’s implementation of its ethics policy, GDF SUEZ adopted an integrity benchmark which set out the operational implications of the principle of "instilling a culture of integrity." In 2011, International Power (IPR) was integrated into the Group’s ethical framework by adopting a charter based on GDF SUEZ ethical principles and by appointing ethics contacts.
The aim of the integrity standard is to specify the way in which GDF SUEZ is organized to promote best practices in integrity and prevent, specifically the risk of fraud and corruption.
The standard established references for:
- understanding integrity challenges within a company and the risks of fraud and corruption,
- identifying fraud and corruption,
- understanding the French and international regulatory context,
- managing the risk of fraud and corruption at GDF SUEZ.
Best practices
- In Brazil, Tractebel Energia supports the Social-Environmental Code of Ethics
Tractebel Energia and all the major energy suppliers in Brazil have signed a Social-Environmental Code of Ethics. It commits them to ensuring that new power plants are built and managed according to environmental, social and economic criteria that are central to sustainable development.
Signatories of the Code of Ethics have committed to the following principles:
- Reducing and monitoring environmental impact,
- Preserving biodiversity and natural resources,
- Respecting communities,
- Promoting education and health,
- Implementing transparency and dialog.
- A responsible purchasing policy
As far as non-energy purchasing is concerned, the Group’s policy must be reflected in the procurement process and day-to-day purchasing, particularly in establishing a healthy relationship with suppliers. Various supporting documents, intended for buyers in particular outline this policy:
- Group procurement governance,
- Buyer guide,
- Practical ethics guide for supplier relationships,
- Corporate responsibility commitment document,
- Ethics and sustainable development charter.
These are circulated and adapted at the business unit level and entity level, taking local specifics into account.
In December 2010, GDF SUEZ signed the French Charter of Best Practices which was developed in conjunction with key accounts and small to medium-sized companies. Initiated by the Compagnie des Dirigeants et Acheteurs de France (French Directors and Buyers' Institute), it promotes, among other things:
- cooperation with strategic suppliers,
- selection of strategic suppliers based on total purchase cost and not just apparent cost,
- taking environmental impact into account.
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