Safeguarding integrity

One of our main goals is doing business with integrity. To do so, we have an ethics & compliance programme in place.

Sustainability report

As a business, results are important to us, but how we reach those results is just as significant. One of the key drivers of SHV Energy are our values, and in those integrity is spelled in capital letters. We belief building a sustainable business is done only when you uphold high levels of integrity in all aspects.

Fair and honest business conduct is of the highest importance to us. It all starts with ensuring the right tone at the top. This is then supported by the ethics & compliance function, through a solid ethics & compliance framework including regularly updated policies, guidelines and manual  and adequate ethics & compliance training and awareness throughout the organization. 

Our focus points

We prioritise enhancing awareness of ethics & compliance throughout the company, embedding our policies in our processes and strengthening the ethics & compliance function There are many activities that we are engaging in to support doing business with the highest sense of integrity.

Employee Code of Conduct
In 2020 we revised and launched our Code of Conduct. The Code of Conduct describes what we stand for when it comes to Safety, Integrity and Sustainability and brings the current policies, manuals and guidelines together. The Employee Code describes the behaviours we expect from our employees and contractors.

Supplier Code of Conduct and Sustainable Procurement
In 2020 SHV Energy launched its Supplier Code of Conduct. The Supplier Code of Conduct was developed through a joint effort of Ethics and Compliance, Procurement, Health and Safety, and Sustainability departments, and establishes that SHV Energy will partner up with suppliers that conduct their business in an ethical, sustainable and safe way. The usage of the Supplier Code of Conduct was embedded in SHV Energy’s procurement processes, formalized in the procurement policy, and is reported periodically to the business globally. The introduction of the Supplier Code of Conduct is a fundamental milestone to build other sustainable procurement practices and engage in new forms of dialogue with our suppliers.

Engaging with third parties is crucial for our business. We engage with many third parties such as suppliers, agents, distributors, contractors, and joint venture parties. However, this also may create risks since organisations are held responsible not only for their own activities but also for the actions of the third parties they engage with. We therefore must be aware of the risks that the relationship with third parties can cause. To determine whether it is acceptable to conduct business with a third party, we operate a company-wide process of third-party due diligence.

Hear from our employees

We are proud of how our employees help us drive sustainability throughout the group, both in their everyday behaviours and with the high standards they hold us to.

Every day, they work to 'advance energy together', providing customers with cleaner, more sustainable options, and innovating and developing the energy products of the future.

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