An exemplary enterprise

Safran counts on shared values and ethics linking all employees. We ensure that our business is conducted in compliance with the highest standards of honesty, integrity and professionalism. All of our actions have to fully merit the trust placed in us by our customers, employees, shareholders, suppliers and partners. Safran has staked out a position at the forefront of the fight against corruption, by participating in a number of international initiatives.

Safran counts on shared values and ethics linking all employees. We ensure that our business is conducted in compliance with the highest standards of honesty, integrity and professionalism. All of our actions have to fully merit the trust placed in us by our customers, employees, shareholders, suppliers and partners. Safran has staked out a position at the forefront of the fight against corruption, by participating in a number of international initiatives.

 

 

 

 

169
169 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
16,000
16,000 employees trained in the fight against corruption since 2010

*2018 figures

 

 

Our ethical guidelines and values

Safran complies with all laws and regulations concerning the fight against corruption and export controls. Since our founding as Safran in 2005, we have drawn up ethical guidelines that define Group-wide principles in these areas, so that all employees have a rock-solid reference base to guide their professional conduct.

Safran has defined seven core values that underpin our identity and our image in relation to all stakeholders.

 

 

 

 

Trade: regulatory compliance, transparency and responsibility

Safran defines trade compliance requirements that apply Group-wide. We have staked out a position at the forefront of the fight against corruption, by participating in a number of international initiatives.

 

 

Export controls

Safran complies with all regulations concerning the export and import of military and dual technologies.

A compliance standard to define Group requirements
Safran companies buy and sell goods and services from and to suppliers and customers around the world. The shared export and re-export control requirements are defined in a Safran compliance standard, organized in nine areas of compliance.

Frequent audits are used to check that the compliance standard is correctly applied in all Group companies.

A dedicated organization
The organization set up by Safran is designed to meet all applicable regulations.

 

- 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.

 

The fight against corruption

Safran is the first company in the French stock market index CAC 40 to have received anti-corruption certification from the French agency ADIT (Agence pour la Diffusion de l'Information Technologique).

This three-year certification reflects the pertinence of the processes applied by Safran. It also recognizes the efforts made to ensure that the rules and procedures applied meet international standards.

The Mazars/Adit certification guidelines, the basis for the certification audit, include both national and international laws and regulations (FCPA, UK Bribery Act, OECD Convention, the 10th principle in the United Nations Global Compact), as well as current best practices. These guidelines were validated by the Service Central de Prévention de la Corruption (SCPC), as well as by an international advisory board, and include more than 200 checkpoints.

 

 

The process to renew Safran SA's certification for its anti-corruption organization kicked off in May 2016, including its operational implementation during the financial year 2016, and was successfully completed on May 3, 2017.

The requirements for trade compliance, applicable to all Group companies, are defined in each company in terms of operational processes specific to their organization, products and markets.

 

 

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

 

 

World Economic Forum

The World Economic Forum invites business leaders to work for a world without corruption. Safran is an active member of the working group, "Aviation and Travel Partnership Against Corruption Initiative: Safeguarding Aviation and Travel Value Chains".

 

United Nations Global Pact

As a responsible corporate citizen, Safran signed the United Nations Global Compact in 2013, reflecting our position in a global community of businesses that support the values of human rights, the right to work, environmental protection and the fight against corruption. This approach also reflects our ongoing focus on continuous improvement and business continuity.

 

 

> 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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