Modern Slavery Act Statement 2016
This statement is published in accordance with the Modern Slavery Act 2015 and sets out the steps Ophir Energy plc has taken during the year ending 31 December 2016 to prevent modern slavery (Modern Slavery) across its supply chains and its operations.
Ophir is a London based listed oil and gas exploration and production company with operations in Africa, Asia and the Americas. Ophir has a zero tolerance approach to Modern Slavery of any kind and expects its staff to report concerns using established reporting channels and for Ophir senior management to act on such concerns.
Ophir’s Code of Conduct sets out clear guidelines on how we expect our people and stakeholders to act. The Ophir ‘Values’ contained in the Code are the foundation for everything we do. Ophir’s revenue from continuing operations for the year ending 31 December 2016 was in excess of $100m.
Controls in place
Ophir’s Code of Conduct recognises the importance of respecting and promoting human rights, both internally and externally and Ophir’s commitment to maintaining fair and equal treatment of all of Ophir’s employees and contractors.
Ophir encourages its joint ventures, partners, suppliers and contractors to do the same. Ophir will not tolerate the abuse of human rights in its operations and it its supply chain. Ophir operates a whistleblowing process enabling either our employees or third parties to report, either on a named basis or anonymously, any wrongdoing including human rights violations such as Modern Slavery. All reports will be investigated and remedial action taken.
Our Code of Conduct forms part of the contract with suppliers and underpins the values that we expect our suppliers to uphold when performing work on our behalf. When we on-board new suppliers our Ethical Compliance Due Diligence process includes a requirement for suppliers to disclose whether, within their own business or that of any of their subcontractors, they seek to identify instances of activities that constitute or are akin to Modern Slavery. Failure to take such steps constitutes a red flag. Depending on the nature of the activity to be performed this could cause Ophir to disqualify a prospective supplier.
The objective is to ensure that, progressively, as we refresh due diligence on existing suppliers and on-board new suppliers Ophir has visibility of where Modern Slavery issues may be present in our operations, can take appropriate remedial action and can communicate to staff and to suppliers, appropriately.
Assessment of effectiveness in preventing Modern Slavery
Ophir will continue to monitor and manage this risk to the business in 2017 and will take action to raise awareness of the issue among suppliers and across our operations. Any reports of instances of Modern Slavery will be investigated and appropriate remedial action will be taken.