Safran's ethical commitment
In December 2012, Safran became the first CAC 40 company to receive the anti-corruption certification awarded by ADIT (French Agency for the Dissemination of Technology Information). Today, Sagem, Morpho, Turbomeca and Snecma have all followed suit, with the Group's other tier-1 companies expected to receive it by 2017. "This certification marks a high point in the trade compliance program rolled out across Safran since 2007," explains Corinne Lagache, Senior VP, Chief Compliance and Export Control Officer, Safran Group. The program is intended to prevent corruption in all operations with third parties – exports, relations with trade partners, M&As, JVs, etc."
Reputation and competitive edge
Corruption prevention in all our operations is of prime importance since, above and beyond criminal penalties for offenses, it is the Group's reputation – and therefore its economic sustainability – that is at stake. "Given the sensitive spheres in which we are growing, and the fact that most revenues are generated through exports, any cases of alleged corruption could prove to be extremely damaging," adds Corinne Lagache. "However, taking concrete action – in a verifiable manner – to combat corruption gives us a competitive edge."
Backing at the highest level
The program relies on several pillars: a centralized organization with a dedicated six-person team and a network of almost 130 correspondents, a corpus of rigorous procedures, an array of stringent control and auditing systems as well as an intensive international training program. "This policy does, of course, receive backing at the highest level of the company and is advocated by the Group's Executive Management," emphasizes Corinne Lagache. A level of involvement that is reflected in Safran's implication in several international initiatives such as the UN Global Compact (see inset) and the International Forum on Business Ethical Conduct for the Aerospace and Defense Industry. "With a view to renewing the ADIT certification at the end of the year, we have begun revising procedures in order to deal with some topics – such as conflict of interests – in greater detail," says Corinne Lagache.
Launched in 2010, the UN Global Compact is a principle-based framework for companies, UN organizations, labor organizations and civil society organizations, stating ten principles in the areas of human rights, international labor standards, the environment and anti-corruption. As a member of the UN Global Compact, Safran celebrated the 10th Anniversary of the 10th Principle against corruption.