SABIC’s Commitments to Address Risks of Human Trafficking and Slavery
UK MODERN SLAVERY ACT TRANSPARENCY STATEMENT
This serves as SABIC’s transparency statement under Section 54 of the UK’s Modern Slavery Act 2015 (the “Act”).
SABIC’s commitment to a strong compliance culture is fundamental to its continued growth as a preferred world leader in chemicals. You will find below details of our policies, procedures and practices aimed at eradicating slavery and human trafficking from our global supply chain.
Corporate Structure and Businesses
SABIC ranks as one of the world’s largest diversified chemical companies and is a global market leader in the production of polyethylene, polypropylene, advanced thermoplastics, glycols, methanol and agri-nutrients.
SABIC operates in more than 50 countries across the world with over 40,000 employees. It has significant research resources, with innovation hubs in five key geographies – USA, Europe, Middle East, South East Asia and North East Asia. Through its affiliates, SABIC is a major supplier of thermoplastics, polymers, chemicals and intermediates in the UK market.
SABIC’s Code of Ethics provides the foundation for our business culture and underscores our commitment to performance with integrity and respect for human rights. The Code of Ethics provides guidelines for employee conduct and affirms our commitment to uphold our core values, such as our commitment to our employees, standards for doing business, and our relationship with our communities. We embrace the Code of Ethics, every day and in every business dealing across the globe.
Our policy on Third-Party Business Dealings, within the Code of Ethics, includes our responsibility to follow all applicable laws as well as our own internal policies and to require any supplier or third party who works with SABIC to comply with similar fundamental principles. In addition, our policy on Fair Employment Practices requires the strict observance of all applicable labour and employment laws wherever SABIC operates in the world; this includes supporting the prohibition of forced, compulsory and child labour.
SABIC seeks to do business with socially responsible suppliers that share its commitment to ethics, integrity, and compliance. SABIC expects its suppliers to understand and follow its core values and fundamental principles, which are memorialized in the SABIC Supplier Code of Conduct. The SABIC Supplier Code of Conduct details SABIC’s policy on Fair Employment Practices, and requires that suppliers comply with applicable laws pertaining to the prohibition of forced, compulsory, and child labour. A supplier’s failure to follow the SABIC Supplier Code of Conduct may result in non-consideration for future business or in termination of an existing relationship.
Anti-Trafficking/Anti-Slavery Due-Diligence Processes
For its global supply chain, SABIC has established processes in place to vet potential and current suppliers for their involvement in modern slavery and human trafficking; such processes include questionnaires and on-site audits for those suppliers deemed to be in the medium and high risk categories. This compliance due diligence includes, amongst other things, screening of SABIC suppliers for the presence of forced and child labour. If we discover evidence of slavery or human trafficking with one of our suppliers through this process, we will refrain from doing business with this supplier and will report such conduct to the relevant authorities, as appropriate.
All SABIC employees receive regular training on the Code of Ethics and related policies, including on fair employment practices. Employees are encouraged to seek compliance guidance from, and to report compliance concerns to, their managers, Legal Affairs, Human Resources and SABIC’s Compliance Helpline Leaders worldwide. Trained personnel investigate all incidents in a timely manner. All credible reports of suspected misconduct are investigated. Confirmed violations are addressed with corrective actions, and may include employee discipline or dismissal.
1 January 2021