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

 

 

Code of conduct for detecting and preventing acts of corruption

At Safran, ethical conduct is a fundamental value, shared by all employees. Over the last few years Safran has notably implemented a program to detect and prevent acts of corruption. This program is based on a "zero tolerance" policy regarding corrupt practices and the fight against corruption, including influence peddling, misappropriation of public funds and favoritism.

All Group employees must stand up and be counted if we are to meet these commitments. Effective employee involvement is depended upon truly understanding the risk and cost of corruption in our markets and in our operations. For this purpose, we have established this Code of Conduct, available in French, English, Spanish and Chinese.

 

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.

 

 

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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