- SNC-Lavalin will continue to be able to bid on and win
procurement work with the Government of Canada
- SNC-Lavalin has demonstrated to Public Services and
Procurement Canada the breadth and depth of the company's embedded
ethics and compliance program and culture
- SNC-Lavalin is committed to working closely with all federal
government departments and agencies for engineering, construction
and general services
MONTREAL, Dec. 10, 2015 /CNW Telbec/ - SNC-Lavalin (TSX:
SNC) confirms that it has signed an administrative agreement with
Public Services and Procurement of the Government of Canada (PSP) under the Government of
Canada's new Integrity Regime. The
administrative agreement allows companies – that have federal
charges pending against them – to continue to contract with or
supply the Government of Canada.
"This is another example of our commitment to move forward. I
thank PSP for recognizing SNC-Lavalin's significant efforts and
dedication to continuous improvement in ethics and compliance,
which have allowed us to meet the difficult criteria of the new
Integrity Regime. I am proud of our ethics and compliance program
that is an integral part of the way we work every day, here in
Canada and globally. Our clients
and partners have recognized our concrete actions, efforts and
accomplishments over the past three years," stated Neil Bruce, President and CEO, SNC-Lavalin.
"This agreement is a milestone that allows us to continue to be an
important contributor to the Canadian economy. It protects the
public, and is good for our employees, clients, investors and all
of Canada."
The administrative agreement is due to the federal charges filed
against three of the company's legal entities in February 2015, which SNC-Lavalin contests.
SNC-Lavalin confirms that, provided the company complies with the
terms of the administrative agreement, it will be able to continue
to bid on and win contracts to provide procurement goods and
services to all Canadian government departments and agencies, in
Canada and abroad, until the final
conclusion of those charges.
Over the past three years, SNC-Lavalin has fully cooperated with
authorities, made significant changes and remains focused on
continuous improvements in ethics and compliance. The tone from the
top is clear and unequivocal; there is zero tolerance for ethics
violations. The individuals alleged to have been involved in past
ethical issues are no longer with the company, and a new executive
team leads the company today. Under the leadership of the Board of
Directors, the company has reinforced its Ethics and Compliance
program with huge investments in time and money to rapidly make
significant and concrete enhancements, including among
others:
- implementing an antitrust and competition policy
- implementing a whistleblowing policy
- appointing compliance officers for every business sector
- ensuring compliance training and obligatory annual
certification for all employees
- updating the Code of Ethics continuously and translating it
into 11 languages – two updates have been completed, in 2014 and in
2015
- introducing and enforcing a policy on political
contributions
- developing an ethics and compliance program based on
international best practices, which includes a series of measures
to prevent, detect and respond to any issues (click here to read
more about these measures)
About SNC-Lavalin
Founded in 1911, SNC-Lavalin
is one of the leading engineering and construction groups in the
world and a major player in the ownership of infrastructure. From
offices in over 50 countries, SNC-Lavalin's employees are proud to
build what matters. Our teams provide EPC and EPCM services to
clients in a variety of industry sectors, including oil and gas,
mining and metallurgy, infrastructure and power. SNC-Lavalin can
also combine these services with its financing and operations and
maintenance capabilities to provide complete end-to-end project
solutions. www.snclavalin.com
SOURCE SNC-Lavalin