Safran has defined strict trade compliance requirements, applicable to all of our companies. Each company applies these requirements in terms of operating procedures tailored to its organization, products and markets.
Thierry Mamberti / Safran
Safran was the first company in the French stock market index CAC 40 to be awarded the anti-corruption certificate issued by the French technology information agency ADIT (Agence pour la Diffusion de l'Information Technologique), based on an audit carried out from September 1 to December 15, 2012. Since then, most of Safran companies also have been certified following this standard. This certification was conducted on the basis of standards approved by the SCPC (Service Centrale de Prévention de la Corruption), an interministerial corruption prevention department reporting to the Minister of Justice.
This certification recognizes the effectiveness of the processes deployed by Safran and our efforts over the last few years to upgrade our rules and procedures to establish them on a par with best-in-class international standards.
Launched in May 2016, the process of renewing the certification of the anti-corruption program of Safran SA, and its implementation for the fiscal year 2016, was successfully completed on May 3, 2017.
Valid for three years, the certification is conducted on the basis of a Mazars/Adit audit framework that incorporates national and international laws and regulations (FCPA, UK Bribery Act, OECD Convention, the 10th principle of the United Nations program "Global Compact") and on best practices in place. This standard has been validated by the French Central Service for Corruption Prevention (SCPC) as well as by an International Advisory Board.
Consisting of over 200 checkpoints, it covers the five areas of corruption risks prevention:
- Corporate Culture in the fight against corruption;
- Corruption risk assessment;
- Integrated control and anti-corruption procedures;
- Monitoring of the anti-corruption program;
- Training in the anti-corruption program and internal/external communication.
Common Industry Standards
In line with our commitment to fighting corruption, Safran and all Group companies have signed the "Common Industry Standards for Anti-Corruption," drawn up by the Aerospace and Defence Industry Association of Europe (ASD). These standards are designed to foster practices that support and strengthens its members' integrity.
International Forum of Business Ethical Conduct
Safran is a member of the IFBEC (International Forum of Business Ethical Conduct) strategy committee. The IFBEC is an aerospace and defense industry association grouping leading U.S. and European companies. Based on the "Global Principles on Business Ethics" document, signed by Safran Chairman and CEO Jean-Paul Herteman, the association aims to promote and foster industry-wide ethical standards and best practices.
Safran has signed the United Nations Global Compact, applying in particular the 10th principle, "Businesses should work against corruption in all its forms, including extortion and bribery."
Safran also chairs the International Ethics Committee of MEDEF (the French employers' association), is a member of the ethics committee of ICC (International Chamber of Commerce), the Ethics Circle of the European Business Ethics Network (EBEN), and the Partnering Against Corruption Initiative (PACI) of the World Economic Forum, along with other organizations.
Safran’s trade compliance program
Safran has developed an uncompromising program to fight corruption and foster a culture based on honesty and fairness, within the scope of our continuous improvement initiative. The program has two main goals: to foster a sense of responsibility among the people involved, and to safeguard Safran's assets through efficient risk management.
All members of the Executive Committee and employees who are directly or indirectly concerned are regularly informed on these issues.
Trade Compliance Officers
Safran's Trade Compliance Officers (TCO) are delegated by their company CEOs to oversee the strict compliance of all business operations with the Group's anti-corruption procedures. They report to the Corporate Vice President for Trade Compliance and Export Control.
A corporate procedure for selecting and approving business partners
The selection and approval of business partners, as well as the procedure for checking gifts, invitations and sponsored trips, are strictly controlled. A corporate procedure clearly and precisely defines the responsibilities of employees, as well as the applicable rules. The procedure is regularly updated and expanded, and is circulated to all managers and staff concerned, along with external partners.
The procedure includes:
- The approval, management and control of lobbyists, who also have to comply with Safran's lobbying charter.
- An ethics clause, included in Safran's general purchasing terms and conditions, to be signed by our suppliers.
- Compliance due diligence for all mergers, acquisitions and joint ventures.
Control procedure for gifts, invitations or sponsored trips offered to or by customers, suppliers and other stakeholders.
This procedure specifies that the only purpose of these gifts and invitations should be to maintain good business relations, and must not, in any case, lead to a conflict of interest or influence a professional decision.
Safran Audit and Internal Control department
This department regularly audits Group companies to ensure that they comply with accounting procedures. In particular, the department checks the invoices sent by our business partners, makes sure that all payments to our suppliers correspond to the deliverables, and verify that the sums billed do not exceed market prices.