Modern Slavery Statement
This statement is made pursuant to Section 54 of the Modern Slavery Act 2015 and has been approved by the Board of Energean Oil & Gas plc ("Energean" or the "Company")
Energean has a zero tolerance approach to slavery, servitude, forced or compulsory labour and human trafficking.
We understand that our business, including our supply chain, may be exposed to the potential risk of occurrences of modern slavery. We are committed to acting ethically and to putting in place effective policies, processes, training and controls to safeguard against any form of modern slavery taking place within our business or supply chain.
Energean has recently grown in a significant manner. On 21 March 2018, the Company was admitted to the main market of the London Stock Exchange and secured a US$1.6 billion financing for the Karish development, offshore Israel. Energean operates a significant portfolio of production, development and exploration assets in the Eastern Mediterranean region. Along with its predecessors in its producing assets in Greece, Energean has a collective 36-year history of operating onshore and offshore assets with a stellar record in relation to respecting and upholding human rights in the workplace.
Governance, policy and standards
Energean has in place a corporate culture and business ethics policy, a whistleblowing policy and an anti-bribery and corruption policy, which form an integral part of its corporate governance. These policies set out how Energean expects its employees to conduct themselves in the course of doing business, with appropriate procedures in place for when an employee wishes to report any incidents that contravene the Energean ethos.
- SUPPLY CHAIN In the coming financial year, Energean plans to review the level of risk in each country where it operates or from which it procures services and supplies and to raise awareness of the Energean ethos, as set out in its policies, prior to engaging third parties.
- TRAINING Energean will also continue with training Energean staff and contractors in order to implement our zero tolerance approach towards modern slavery.
This statement has been approved by the Board of Energean Oil & Gas Plc.