GRI Compliance / Economic
Operations assessed for risks related to corruption
Anti-bribery and corruption risks are assessed and mitigated within our risk register process which is applied across the Group.
Our business units, Sectors and Group highlight their specific risks for this topic and comment on how they manage them and mitigate against them. All risks that are identified from the business units upwards are then reviewed on a quarterly basis by their management teams, then the Group risk function and the Group Executive Committee. On an annual basis Sector and Function heads issue Letters of Representation which includes compliance with policies and procedures connected to the Anti-bribery and corruption/Ethical risks.
No significant risks related to corruption were identified through the risk assessment.
More information on Group risk management and risk assurance can be found in our Annual Report on pages 76 to 87.
Communication and training about anti-corruption policies and procedures
All employees must complete training, including training on anti-corruption policies and procedures, before they are given access to the Babcock network on joining the company, after which annual refresher training is compulsory. For employees of those operations not on our network we make sure that we identify the more at risk groups and train them accordingly on an annual basis.
Our Code of Conduct and details of our Whistleblowing lines, for reporting breaches of the Code of Conduct, are widely displayed across Babcock sites and on our intranet and website together with our Anti-Bribery and Corruption/Ethical Policy.
More information can be found in the ESG Governance section, pages 69 to 72 of our Annual Report.
Confirmed incidents of corruption and actions taken
There were no confirmed incidents of corruption in the period.