Business Ethics & Compliance
We ensure that our OpCos maintain strict compliance with all applicable laws, regulatory requirements and policies across our markets of operation, conscious that any incidence of non-compliance or unethical business conduct poses a significant risk to our ability to maintain and expand upon our established market positions.
With oversight from the Board Risk & Compliance Committee (BRCC), and driven through Risk & Compliance divisions set up across our companies, Group-wide policies and standards help to mitigate all relevant risks in this area, with specific focus placed on risks related to data privacy, Anti-Bribery and Anti-Corruption (ABAC) and regulatory compliance.
Our efforts revolve around four key policies, two of which were revised or developed anew in 2021, and all of which reflect our UI.EP core values.
While we have already heightened efforts in the year to standardise and ensure compliance to operating responsibly, with integrity and professionalism, we are cognisant that good business conduct is an ‘always-on’ imperative. A corruption risk register is being enhanced at Group and OpCos and will be completed within the year. We will continue to strengthen the execution of our business commitment to ethical standards and ensure appropriate mechanisms are well understood and solidified to manage, identify and control breaches.