Ethics & Compliance
In the first decade of the 21st century, there have been substantial changes in the areas of corporate governance, risk and compliance.
These changes have been driven by events in global financial markets, globalisation of markets and a new era of corporate responsibility. It is an era that demands accountability and transparency from business, and particularly from multinational business corporations.
This context demands that a rigorous and disciplined compliance process supports and sustains the corporate governance and risk management systems and structures that direct the business activities.
Barloworld is driven by the maxim of creating sustainable value for all its stakeholders. What sets us apart is our ability to develop and maintain mutually beneficial long-term business relationships. Our aspirations for the future, our high ethical standards and our commitment to leadership and excellence determine the Barloworld way of doing business.
The Barloworld group is committed to responsible business conduct and best practices. All group activities are guided by the governance framework of ethics, codes of conduct, policies and commitment to legal compliance.
Code of Conduct
While we conduct our business within the framework of laws and regulations, compliance with the law is not enough for Barloworld. We strive for more. Through our Code of Conduct we envision a work environment in which all can take pride, a company others respect and admire and a world made better by our actions. Together, we are upholding the reputation of our great company – and strengthening it for tomorrow.
We focus on values of:
Review our Worldwide Code of Conduct.
Ethics and Compliance Programme
Our programme is based on the King lll Report which recommends a hybrid approach to corporate governance by applying both regulatory and voluntary standards.
The purpose of this programme is to:
- meet regulatory requirements
- apply global best practices
- identify potential high risk areas
- define standards for all group companies
- establish accountability for compliance, and
- provide clear documentary evidence
View a visual representation of our Ethics and Compliance Programme
Codes of Practice
Barloworld is committed to upholding international standards and codes of best practice. To achieve this, we:
- are a signatory to the United Nations Global Compact,
- qualify for inclusion on the JSE’s Socially Responsible Investment Index (JSE SRI),
- respond to the international Investor Carbon Disclosure Project (CDP)
- obtain third-party assurance for material non-financial information.
Barloworld’s stakeholder-based governance system is in line with the The King III Report on Corporate Governance for South Africa (King lll)
. We also apply the Global Reporting Initiative (GRI) G3.1 guidelines to align ourselves with global reporting practices.