We work with responsible business partners

Our shared responsibility

We choose our business partners carefully and expect them to meet our legal and ethical standards. Understanding that everything is connected, we can be held responsible for the actions of our business partners. For that reason, we take steps to assess and monitor compliance risks before and during the relationship.

Why it matters

Third parties can expose Omterra to legal, financial, and reputational risk. Misconduct by a business partner may be attributed to us. We protect our company and our stakeholders by working only with reputable business partners who share our commitment to integrity.

How we energize with integrity

We work with responsible business partners by:

  • Conducting appropriate, risk-based due diligence before engaging a business partner.
  • Obligating business partners to follow our compliance and integrity standards.
  • Paying appropriate amounts, and only for legitimate services that are properly documented.
  • Escalating warning signs, including potential anti–money laundering concerns, to Legal and Compliance immediately.
  • Suspending or terminating relationships with partners who fail to meet our compliance standards.

Spark your understanding

Business partner:
Any third party that acts for or with Omterra, including agents, distributors, consultants, and consortium partners.
A risk-based review conducted before and during a business relationship to identify and address potential compliance risks.

Make it current

Question: We urgently need services from a company that is not yet an approved business partner to meet project deadlines. My manager wants to proceed immediately. What should I do?

Answer: Do not proceed. You need to follow the business partner process to ensure a proper due diligence is performed before proceeding. Consult your Compliance Officer for the next steps.

Power sources

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