Statement of General Business Principles (SGBP)
Principle 1: Economics
Long-term profitability is essential to achieving our business goals and to our continued growth. It is a measure both of efficiency and of the value that customers place on BGC products and services. It supplies the necessary corporate resources for the continuing investment that is required to develop and produce future energy supplies to meet customer needs. Without profits and a strong financial foundation, it would not be possible to fulfill our responsibilities. Criteria for investment and divestment decisions include sustainable development considerations (economic, social and environmental) and an appraisal of the risks of the investment.
Principle 2: Competition
BGC supports free enterprise. We seek to compete fairly and ethically and within the framework of applicable competition laws; we will not prevent others from competing freely with us.
Principle 3: Business Integrity
BGC insists on honesty, integrity and fairness in all aspects of our business and expect the same in our relationships with all those with whom we do business. The direct or indirect offer, payment, soliciting or acceptance of bribes or facilitation payments in any form is unacceptable. Employees must avoid conflicts of interest between their private activities and their part in the conduct of BGC business. Employees must also declare to BGC any potential or perceived conflicts of interest.
Principle 4: Health, Safety, Security and the Environment
BGC have a systematic approach to health, safety, security and environmental management in order to achieve continuous performance improvement.
To this end, BGC manage these matters as critical business activities, set standards and targets for improvement, and measure, appraise and report performance externally.
We continually look for ways to reduce the environmental impact of our operations, products and services.
Principle 5: Community and Local Development
BGC aims to be good neighbors by continuously improving the ways in which we contribute directly or indirectly to the general wellbeing of the communities within which we operate.
BGC acts in a socially responsible manner in accordance with the laws of Brunei Darussalam in pursuit of our legitimate commercial objectives.
We manage the social impacts of our business activities carefully and work with others to enhance the benefits to local communities, and to mitigate any negative impacts from our activities.
We are committed to the training and development of Bruneians to the best of their abilities in the operations, technology and management of the business, and to the development of local support industries.
Where individuals wish to engage in activities in the community, they will be given the opportunity to do so where this is appropriate.
In addition, BGC takes a constructive interest in societal matters, directly or indirectly related to our business.
Principle 6: Communication and Engagement
BGC recognizes that regular dialogue and engagement with our stakeholders is essential. We are committed to reporting our performance by providing full relevant information to legitimately interested parties, subject to any overriding considerations of business confidentiality.
When dealing with government, BGC has the right and the responsibility to make our position known on any matters which affect us, our employees, our customers, our shareholders or our local communities. We engage our stakeholders in a manner consistent with our values and the Business Principles.
In our interactions with employees, business partners and local communities, we seek to listen
and respond to them honestly and responsibly.
Principle 7: Compliance
We comply with all applicable laws and regulations of Brunei Darussalam, as well as those of any other countries in which we conduct business.
If you ever doubt about the right thing to do, report to or discuss with:
- BGC Assurance Adviser (FAA) at 2613000
- The BSJV Ethics & Compliance Manager (BSP-FEC) at 337 3277
- BSJV LAPOR Voicemail at 3377600
- Anti Corruption Bureau at 2382395/8721002
- Site : http://www.bmr.gov.bn/
- BGC LAPOR email at bgclapor@bgc.com.bn