Hess is committed to operating with the highest levels of integrity, and in compliance with all applicable laws. Bribery and corruption are never acceptable business practices and are not tolerated by Hess. In addition to our Code of Business Conduct and Ethics, Hess has an Anti-Bribery and Anti-Corruption Compliance Program designed to encourage a culture of integrity and transparency in all of the company’s activities.
All forms of bribery are prohibited at Hess, whether conducted directly or indirectly through a third party, and whether involving Government Officials, private sector individuals, or private or state-owned companies. Hess also prohibits facilitation payments.
The Hess Anti-Bribery and Anti-Corruption Policy and Procedure (ABAC Policy and Procedure), applicable to all Hess assets and functions worldwide, provides the overall framework for the company’s Anti-Bribery and Anti-Corruption Compliance Program as well as guidelines for the prevention, management, and remediation of bribery and corruption related risks. The ABAC Policy and Procedure requires adherence to all relevant anti-bribery and anti-corruption laws, including the U.S. Foreign Corrupt Practices Act, the United Kingdom’s Bribery Act 2010, and the laws of other countries where Hess conducts business. Additionally, Hess’s Anti-Bribery and Anti-Corruption Guiding Principles provide key anti-corruption principles that apply to all interactions with the company’s customers, business partners, and other third parties in both the public and private sector.
The Hess Global Compliance Group oversees the company’s Anti-Bribery and Anti-Corruption Compliance Program by implementing and distributing policies and procedures, maintaining compliance-related approval systems, participating in internal audits, conducting proactive compliance assessments, and delivering compliance trainings worldwide. The Global Compliance Group regularly reviews and revises these policies and procedures, systems, and trainings to ensure they are up-to-date with applicable laws, regulations, and best practices.
Hess promotes a culture of open and honest communication. The company’s Open Door Policy encourages everyone to ask questions and raise concerns. Questions and concerns can be reported through various channels, including anonymously through the Hess Hotline. All concerns raised to Global Compliance are investigated.