SABIC has been awarded the prestigious Compliance Leader Verification status by the Ethisphere Institute, a global leader in defining and advancing standards of ethical business practices.
The recognition follows Ethisphere’s comprehensive independent review, evaluation, and validation of SABIC’s Ethics and Compliance program. This permits SABIC to display the Ethisphere Compliance Leader Verification logo as a recognition of the excellence of SABIC’s Ethics and Compliance program and its work in building a culture of integrity.
Led by SABIC’s legal affairs, a cross-functional team worked diligently to achieve this recognition. The team responded to a comprehensive assessment survey and submitted substantial documentary support. Senior leaders in the legal, HR, ERM, sustainability, procurement, audit and other functions participated in interviews with Ethisphere evaluators.
Laurie Gallagher, general manager and chief counsel of SABIC’s Compliance and Litigation Team, said: “This award is a testimony not only to the strength of our Ethics and Compliance Program but also to the dedication and commitment of our CEO, executive leadership, board of directors, and all SABIC employees who work with the highest integrity every day.”
The recognition follows SABIC’s recent hosting of a major conference in Riyadh under the theme “Promoting Integrity and Transparency for Growth.” The event brought together more than 100 leaders from international and local corporations, government and NGOs to advance governance and compliance practices that can secure business opportunities and investment.
The Ethisphere Institute is a globally recognized organization that brings together global companies to define best practices in ethics and compliance programs and advance ethical business performance through data-driven assessments, benchmarking and guidance.
Headquartered in Riyadh, SABIC has been a key contributor to the global fight against corruption. It is a founding member of the Business 20 B20 Anti-Corruption Task Force and an active participant in the World Economic Forum’s Partnering Against Corruption Initiative.
SABIC has more than 33,000 employees worldwide and operates in around 50 countries.
It has 11,738 global patent filings and significant research resources with innovation hubs in five key geographies — USA, Europe, Middle East, South Asia and North Asia.