Call Statoil’s Ethics Helpline
+47 800 18 537
Toll free number in Norway.
For all other locations please see:
Our Code of Conduct
Our Code of Conduct sets out our expectations, commitments and requirements for ethical conduct. The Code applies to Statoil’s board members, employees and hired contractors.
The Code reflects our values: Courageous, Open, Hands-On and Caring, and provides guidance on issues individuals may face in their daily work.
Some important principles in our Code are:
- We intend to be recognized for our high ethical standards
- We treat ethics as an integral part of our business
- We will act comfortably within our ethical standards and within the law
- We expect high ethical standards from everyone acting on our behalf
- We are open in dealing with ethical issues
Ethics and compliance in Statoil
We are opposed to corruption in all forms and are committed to conducting business in accordance with the high ethical standards reflected in our Code. In recognition of this commitment, we have implemented a comprehensive programme to prevent corruption in our business activities. The programme summarizes the laws, policies and procedures to which everyone working for us must adhere. It also identifies the resources and tools that are available within Statoil, such as risk assessments, ethics committees and standards for training of employees, directors and relevant third parties.
We will comply with all applicable anti-money laundering laws. Money laundering is the process of disguising the proceeds of crime in order to hide its illegal origins. Criminal proceeds include not only money, but all forms of assets, real estate and intangible property that were derived from criminal activity.
We will always comply with all applicable sanctions, trade restrictions and export controls in the countries in which we operate. As part of our efforts to comply with such laws and regulations, Statoil assesses whether government authorizations are required to undertake business in a particular country and will obtain and comply with all such authorizations.
We believe in fair and open competition and we conduct our business in accordance with applicable competition and anti-trust laws in the markets in which we operate. We will not engage in or tolerate anyone who engages in anti-competitive behaviour such as price fixing, bid rigging, market sharing, exchange of competitively sensitive information or abuse of market power.
To underline this, we continuously encourage and remind our employees and any external third parties interacting with us to raise concerns or report any suspected or potential breaches of law or company policies.
Examples of such breaches are harassment, discrimination, conflicts of interest, corruption, violations of competition laws, misuse of Statoil property, safety or security hazards, breaches of confidentiality, fraudulent accounting or insider trading.