Our ethics and compliance program sets out the approach to managing compliance obligations, mitigating compliance risks and upholding the highest levels of ethical standards. The Group Ethics and Compliance function is responsible for the development, implementation and review of the Group Ethics and Compliance program with oversight from the MD & GCEO, ADNOC Board of Directors and the ADNOC Audit Committee. Our Group Ethics and Compliance Program is certified under ISO 37001 (Anti-Bribery Management Systems) and ISO 37301 (Compliance Management Systems). Our Code of Conduct sets out our commitment to conducting business ethically, responsibly and in compliance with laws and regulations. It sets the requirements and expectations for our employees and contractors to act with integrity at all times. Our Supplier and Partner Code of Ethics applies to all third parties we do business with, including suppliers and strategic partners34. It sets out the rules and standards that are necessary to conduct our business in an ethical and compliant manner and in accordance with our values. We have adopted and implemented corporate compliance policies, standards and procedures across all key compliance risk areas, and continue to review and update these as required for a company of our size and structure, operating in the industries we do. In 2024, we introduced new key policies, standards and guidelines to address the ethical use of AI, privacy and data protection. Operating with integrity Ethical practices, compliance with laws and regulations and transparency are essential to building trust with stakeholders, fostering a culture of accountability and ensuring long-term success. By upholding the highest standards of integrity, ADNOC not only enhances its reputation, but also contributes to the broader goal of sustainable development, ensuring that its operations positively impact the environment, society and the economy. 133 ADNOC Sustainability Report 2024 HOW WE OPERATE KEEPING OUR PEOPLE SAFE ADVANCING NET ZERO EMPOWERING LIVES SUSTAINABILITY AT ADNOC ABOUT ADNOC PROTECTING NATURE AND BIODIVERSITY 34 For additional information refer to the Responsible sourcing section of this chapter.
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