“Acting responsibly makes sense for business and for people”
The ALTRAD group has always been driven by the values of professionalism, but it is also resolutely humanist and respectful of ethics and the safety of its staff. The group has developed a profound culture of accountability.
More concretely, to ensure and enhance the company’s sustainability and competitiveness, we are committed to creating a balance between economic performance, development and fulfilment of people, respect for the environment and social and civic commitment.
Anti-bribery and corruption policy
The Altrad group has made a commitment to work in compliance with ethical standards, based on the principles of combatting bribery, strictly respecting antitrust regulations and combatting money laundering.
In this respect, we rely on the main sources of anti-bribery principles, which are the United States Foreign Corrupt Practices Act (FCPA), the United Kingdom’s 2010 Bribery Act and more recently the French law N° 2016-1691, 9th December 2016 (so called “Sapin II”). Together, these texts are considered as the toughest legislation in the world when it comes to fighting against corruption within companies. They set the highest international standards.
It is our policy to conduct our activities in an honest and ethical manner. For this reason, we take a zero-tolerance approach to bribery and corruption. We are committed to acting professionally, fairly and with integrity in all our business relationships, wherever we operate. Besides, we implement internal systems to effectively counter bribery.
Altrad works to preserve the environment and limit the impact of its activities. Protecting the environment in the group’s operations requires constant commitment and continuous attention. All our employees are involved over the long term to assess and manage risks efficiently and to develop the best practices regarding the environmental protection.
On a global basis, our ambition has remained the same for many years: protect our planet through vigilance and continuous improvement. For that reason, the majority of our operations conform to the internationally recognised management standard ISO 14001.
Human trafficking and modern slavery statement
Modern slavery and human trafficking are crimes that affect communities and individuals across the globe. As a Group, Altrad adheres to the principles of the Universal Declaration of Human Rights, the International Labour Organisation and the Organisation for Economic Co-operation and Development (OECD). The Group specifically emphasises the respect of the Human Rights and the promotion of these fundamental principles by its suppliers. We are categorically opposed to child and forced labour and human trafficking. We reject and combat discrimination and we respect the rights of our employees and their freedom of expression.
Quality & Certifications
The global nature of the sectors we work for has a significant impact on our certification processes. In order to better serve our markets, we have decided to always rely upon high international standards. This approach helps us develop our activities in accordance with all types of regulations (even local) and clients’ specific demands. For that reason, the majority of our operations conform to internationally recognised management standards (e.g. ISO 9001, OHSAS 18001 and ISO 14001).
Each entity owns and manages its own certifications for both the staff and the company, according to its needs & local requirements.
Altrad is a global leader in the provision of industrial services, generating high added value solutions principally for the Oil & Gas, Energy, Power Generation, Process, Environment and Construction sectors. The Group is also a recognised leader in the manufacturing, hire and sale of equipment dedicated to the Construction and Building market. Approximately one third of the Group’s revenues are generated in the UK.
The impact of the United Kingdom’s decision to leave the European Union (“Brexit”) has been considered by a dedicated team at Altrad. At the time of this statement, there still remains a significant amount of uncertainty surrounding the terms and timing of Brexit, although we expect the position to become clearer in the near future.
The key areas in which Brexit may have an impact on the Group include:
- Supply chain, including customs complexities and border delays
- Financial impact of tariffs
- Currency and exchange rate fluctuations
- Employees and mobility
- Regulatory changes
A considerable proportion of the Group’s UK turnover is generated with UK clients and from a UK supply chain, therefore reducing risks for our UK business.
Our most significant supplies outside of the UK consist of end products from our own manufacturing operations in Europe and our procurement from Asia. We have significant experience in import and export procedures which we are confident will allow us to manage any additional supply chain complexities without any undue impact on our business. Our businesses in the UK and in Continental Europe are closely monitoring their stock levels to be able to react and adapt to the eventual legal and political Brexit outcome.
We will continue to closely monitor Brexit developments and review our position. However, we believe that Brexit will have minimal impact on the Altrad Group.