Code of Business Conduct
(Approved by the Board of Directors 22 June 2004)“SOCO International plc will manage its business risks through responsible and accountable leadership, that sets clear expectations. In particular, the Company has established expectations for business conduct in three performance areas: economic, social and environmental.”
Ed Story, President and Chief Executive
SOCO is committed to conducting its business in an honest and ethical manner. We expect that our contractors, suppliers and agents will conduct themselves in the same manner.
We strive to be honest and fair in our relationships with others. We value our relationships with our business partners, host governments and local communities where we operate.
Our employees strive to conform to the spirit and intent, as well as the technical requirements, of all contracts we enter into and all laws, regulations and rules that govern us.
SOCO is committed to protecting the health and safety of our employees.
We are committed to providing a workplace free of discrimination where all employees can fulfill their potential based on merit and ability. We value a diverse direct and indirect workforce that interacts productively in business activities and in the larger community.
We will ensure meaningful consultation and engagement with all of our stakeholders and attempt to integrate our business activities with local communities as a good corporate citizen.
We will provide meaningful opportunities for technical cooperation, training and capacity building within the host country.
SOCO commits to meet legal and regulatory requirements governing environmental practices, as a minimum standard.
We strive to ensure our activities are consistent with sound environmental management and conservation practices.
We seek to minimize the adverse effects of the by-products of our processes on the natural resources and ecosystems in which we operate.
Economic Performance
SOCO is committed to conducting its business in an honest and ethical manner. We expect that our contractors, suppliers and agents will conduct themselves in the same manner.
We strive to be honest and fair in our relationships with others. We value our relationships with our business partners, host governments and local communities where we operate.
Our employees strive to conform to the spirit and intent, as well as the technical requirements, of all contracts we enter into and all laws, regulations and rules that govern us.
Social Performance
SOCO is committed to protecting the health and safety of our employees.
We are committed to providing a workplace free of discrimination where all employees can fulfill their potential based on merit and ability. We value a diverse direct and indirect workforce that interacts productively in business activities and in the larger community.
We will ensure meaningful consultation and engagement with all of our stakeholders and attempt to integrate our business activities with local communities as a good corporate citizen.
We will provide meaningful opportunities for technical cooperation, training and capacity building within the host country.
Environmental Performance
SOCO commits to meet legal and regulatory requirements governing environmental practices, as a minimum standard.
We strive to ensure our activities are consistent with sound environmental management and conservation practices.
We seek to minimize the adverse effects of the by-products of our processes on the natural resources and ecosystems in which we operate.
