Business ethics

Safran draws upon the values and ethics shared by all its employees as it conducts its business activities in accordance with the highest standards of honesty, integrity and professionalism. The Group is a leader in the fight against corruption and a strong advocate of commercial compliance. Safran's desire to act as a responsible business model is one of the four pillars of its CSR strategy.

Safran draws upon the values and ethics shared by all its employees as it conducts its business activities in accordance with the highest standards of honesty, integrity and professionalism. The Group is a leader in the fight against corruption and a strong advocate of commercial compliance. Safran's desire to act as a responsible business model is one of the four pillars of its CSR strategy.

 

 

 

 

242
242 persons oversee trade compliance and ethical conduct
1st
First company in the CAC 40 stock market index to earn the "anti-corruption" label from ADIT
26,600
More than 26,600 employees trained in the fight against corruption since 2010

*2020 figures

 

 

A code of conduct that is applied all of the Group's employees

At Safran, ethics is a key value shared by all employees. For a number of years, the Group has operated a program for the prevention and detection of corruption risks, based on a policy of zero tolerance towards any practice in contravention of anti-corruption measures, influence peddling, misappropriation and favoritism. This strategy is implemented via means such as a code of conduct accessible to all Safran employees worldwide, and an ethics charter, formally stating the Group's shared principles, that employees can refer to at all times.

 

Each decision and each associated action is based on Safran's requirements and not on the personal interests of its employees. However, if an employee should find themselves, or could find themselves in a real, potential or perceived situation of conflict of interest, the employee should immediately inform their immediate superior to make sure that there is no negative impact on Safran's image.
Safran does not authorize offering and/or accepting gifts and invitations if the objective pursued is to obtain a favor or to influence a business decision or an official action. The fact of offering or accepting gifts must be recorded in order to guarantee traceability, and there must be a validation process depending on its value.
Safran prohibits its employees from making facilitation payments – payments used to facilitate or accelerate the completion of routine administrative formalities or procedures which are normally to be performed by civil servants – except in the case of an extortion attempt that could imperil the life of an employee. To ensure transparency, any request for a facilitation payment must be reported to one's line manager or the Trade Compliance Officer.
Safran deploys a rigorous procedure for the selection and validation of the trade partners that Group companies will be working with. This procedure implies both internal and external verification and also follows a predefined validation process (line manager, Trade Compliance Officer, International Development) that determines any commitment by Safran to a trade partner.
Safran pledges to ensure that its lobbying activities are conducted in compliance with all applicable regulations and laws, and in line with the principles of its Responsible Lobbying Charter. For any and all lobbying actions, Safran's employees and, if applicable, external service providers, must act openly and with integrity.
Safran requires that its suppliers and subcontractors be very demanding concerning their compliance with anti-corruption laws and regulations in the countries where they are present or where they provide services. From this viewpoint, the Responsible Purchasing Charter presents the Group's ethics approach in supplier relationships. An ethics clause is included in the purchasing contracts that Safran signs with its suppliers, as well as in Safran general terms and conditions for purchases.
Donations from Group companies are subject to approval by Corporate Communications and the Trade Compliance Officer of each company and, when the sum exceeds 10,000 €, by the Group's Philanthropy Committee.
  • Sponsorship and philanthropy corresponds to a financial or material support that is provided without any vested interest.
  • All philanthropic actions may only be accorded to organizations that operate in the education, social or cultural fields.
  • There is no corresponding trade advantage
  • Charitable operations must be carried out openly and must be documented.
Due diligence is carried out to ensure the legitimacy of the entity's name and reputation. Any financing of political parties on behalf of Safran is strictly prohibited.

 

 

 

Ambitious and controlled commitments

Safran is the first CAC 40 company to receive anti-corruption certification from France's ADIT technical information dissemination agency (in 2012). This certification is an endorsement of the processes implemented by the Group, acknowledging the efforts undertaken to ensure that its rules and procedures are in line with international standards. The referential "Mazars / ADIT" certification framework used as the basis for certification includes more than 200 control points. It incorporates national and international laws and regulations (FCPA, UK Bribery Act, OECD Convention, the tenth principle of the United Nations' "Global Compact" program), and existing best practice.

 

 

An internal alert mechanism

In 2019, the Group enhanced its whistle-blowing system by providing a secure, multilingual email address, safran@alertethic.com, for use by all stakeholders including its own employees, external and temporary staff, customers and suppliers. This address provides a means of filing alerts in good faith (whether anonymously or not) regarding breaches of the principles of the Group's ethical charter.

 

- Implementation of a dedicated organization
- Preparation by each company of an internal control program
- Training and information
- Identification of requirements by authorizing exports
- Management of requests for export authorization
- Implementation of export authorizations
- Monitoring and auditing of control program
- Technology transfer controls (data and software)
- Handling of non-compliances with applicable regulations
- Trade Compliance and Export Control department*,
- "Empowered Officials", members of the management committee named in all Safran legal entities with import and/or export activities;
- Export Control Officers (ECO), named in each company.
*Defines the general policy and checks the application of Group requirements in each company; represents Safran in dealings with government authorities and the professionals concerned; chairs the Group Export Compliance Committee.

 

An approach with international scope

Safran is a stakeholder in the most ambitious anti-corruption initiatives worldwide, and an active member of the World Economic Forum's working group on the fight against corruption in the airline industry (Aviation and Travel Partnership Against Corruption Initiative: Safeguarding Aviation and Travel Value Chains). Safran takes its civic responsibilities seriously as a Group, and also adheres to the United Nations Global Compact, in this way demonstrating its membership of a worldwide community of companies committed to human rights, labor law, the environment and the fight against corruption. This approach forms part of a constant goal of progress and sustainability in the Group's business.

 

Certification guidelines cover five main areas of the fight against corruption:

The corporate anti-corruption culture
Assessment of the risk of corruption
Integrated controls and control procedures
Monitoring of anti-corruption methods and actions
Training in anti-corruption and internal/external communications

+ Learn more about the fight against corruption

 

 

> Credits
© Adrien Daste / Safran
© Adrien Daste / Safran
© Adrien Daste / Safran
© Christel Sasso / CAPA Pictures / Safran
© Adam Wiseman / CAPA Pictures / Safran
© Adam Wiseman / CAPA Pictures / Safran
© Zoranm / 2018 iStockphoto
© Laurent Pascal / CAPA Pictures / Safran
© Philippe Stroppa /Safran
© Simarik / 2018 iStockphoto
© Gustavofrazao / 2018 iStockphoto
© Adrien Daste / Safran
© Adrien Daste / Safran

 

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