Moving Energy
Responsibly
Moving Energy
Responsibly
Gunvor has established clear policies for ABC, AML, market conduct, market abuse, economic sanctions### Economic Sanctions: **Definition:** Economic sanctions are a form of punitive measure taken by one or more countries against a targeted country, group, or individual in an attempt to influence... Read more, and other risk areas. They have been communicated from the top-down. Importantly, we have also created a whistleblowing policy that has been clearly communicated by the CEO to all Gunvor employees.
Specifically regarding ABC, policies and procedures and systems and controls meet standards put forth by the US. Foreign Corrupt Practices Act, UK Bribery Act and those propagated by the OECD. With respect to breaches, Gunvor maintains a zero-tolerance approach.
In the context of Gunvor’s Payments to Governments Policy, the company has expressed support for the Extractive Industries Transparency Initiative (EITI) to establish a consistent means by which to reliably report on its payments to governments, with the aim to improve transparency and reduce the potential for corruption in cooperation with these governments.
Gunvor’s reporting includes purchases of crude oilCrude oil refers to unrefined petroleum that is found with the Earth’s crust. Read more and refined oil products**Oil Products** Oil products, also known as petroleum products, are the end products derived from the processing of crude oil in oil refineries. Crude oil is a fossil fuel that... Read more acquired from state-owned enterprises in EITI implementing countries.
Zero use of third-party agents for business development
The Code of Conduct & EthicsDefinition: Ethics refers to the set of moral principles or values that guide individuals or groups in determining what is right or wrong, good or bad, and acceptable or unacceptable... Read more exists to provide clarity with respect to the expectations Gunvor has of its employees and contractors and of what they can expect of Gunvor.
The collection and processing of personal data by Gunvor Group Ltd is in full compliance with the EU General Data Protection Regulations 2016/679 and other applicable privacy laws.
Gunvor Group has expressed support for the Extractive Industries Transparency Initiative (EITI) to establish a consistent means by which to reliably report on its payments to governments.
Gunvor has a zero-tolerance approach to modern slavery and is committed to acting ethically and with transparency in all its business relationships.
Gunvor’s Code of Conduct & Ethics for Gunvor’s Business Partners establishes the standards for how those working with and for Gunvor interact with customers, colleagues, investors, business partners and regulators.
We use Workday, an online application provided by Workday Inc., to assist with our recruitment process. We use Workday to process personal information as a data processor on our behalf. Workday is only entitled to process your personal data in accordance with our instructions.