The Principles pillar of our sustainability strategy includes a broad range of topics, including corporate governance, oversight of ESG, compliance, anti-corruption, health, safety, security, human rights, supply chain sustainability, and working with governments.
The energy industry is a complex global business, and Baker Hughes conducts business under many different regulatory and legal frameworks around the world. Because of this, we not only strive to meet the requirements in the countries where we operate, but, in many cases, we exceed those requirements. We are guided by our Code of Conduct, policies, and procedures that outline consistent global principles and practices across our operations.
We recognize that policies alone are not enough. As such, we make the following commitments:
- We are committed to operating safely and responsibly and promoting a healthy, safe, respectful, and secure environment for our people, customers, partners, and communities.
- We are committed to preventing human rights violations, including child labor, human trafficking, and modern slavery, within our company and our partners.
- We are committed to identifying, preventing, and fighting corruption in all forms, promoting free and fair enterprise, and preventing money laundering and terrorist financing.
- We are committed to actively managing and monitoring our enterprise and strategic risks.
- We are committed to supporting the objectives of the UN Global Compact, Paris Climate Agreement, the Voluntary Principles on Security and Human Rights, and aim to align with other global agreements that advance sustainability.
- We are committed to building digital trust through sound oversight of cybersecurity and data privacy protections and the responsible use of data and technology.
- We are committed to purposeful leadership, sound governance and corporate responsibility.
- We are committed to conducting business with integrity and compliance with applicable laws and regulations.