Business Integrity Due Diligence: As required by OPEC Fund policies, Business Partners may be requested to undertake due diligence, in order for the OPEC Fund to assess and manage associated business integrity risk related to the Business Partner. Business Partners must complete the due diligence diligently and comprehensively and are expected to proactively communicate to the OPEC Fund any changes in circumstance that may subject the OPEC Fund to new business integrity risks. Whistleblowing Protection - Business Partners are not to engage in retaliation or reprisals against anyone associated or directly reporting misconduct, acting as a witness, or cooperating with an OPEC Fund investigation in relation to a complaint.
2. Labor Rights Forced and Child Labor - Business Partners must not engage in forced or child labor 1 . Based on which is higher, Business Partners must not employ:
i. children below 14 years of age, or,
ii. the minimum age of employment permitted by local law, or
iii. the end age of mandatory schooling in the related country.
Business Partners may not employ anyone below the age of 18, for work that may harm the health or safety of the employee, or influence their moral standing, Business Partners are expected to have systems in place to ensure forced and child labor is avoided in downstream operations. Business Partners are to apply fair and equitable compensation and payment practices to their employees. Non-discrimination, diversity, equity, and inclusion – Business Partners shall observe inclusive and respectful behavior, and show consideration for others as well as respect rights and demonstrate tolerance for diverse cultures, beliefs and backgrounds. Business Partners in their employment practices will not engage in discrimination based on race, age, gender, sexual orientation, gender identity, ethnicity, disability, pregnancy, marital status, religion, political affiliation or union membership. Business Partners must implement systems that ensure a diverse, inclusive, and equitable workplace and culture.
1 In line with International Labor Organization, ILO Minimum Age Convention 1973, (No.138) Article 2
BUSINESS PARTNER CODE OF CONDUCT
9
Powered by FlippingBook