- 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)
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
For further information: Media: Louis-Antoine Paquin, Media Relations Manager, Global Corporate Communications, 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, [email protected]