Our Core Principles
The objectives of the Philux Energy cluster are to have interaction expeditiously, responsibly and profitably in oil, gas, chemicals and other selected businesses and to participate in the search for and development of alternative sources of energy to fulfill an ever-evolving customer needs and the world’s growing and limitlessly increasing demand for energy.
Our business principles apply to all transactions, large or small, and drive the behaviour expected of each employee in each of our subsidiary companies within the conduct of its business at all times. We are judged by how we act.
Our reputation is often upheld if we have a tendency to act in accordance with the law and also the Business Principles. We encourage our business partners to live by the rules or by equivalent principles. It is the responsibility of our management to guide by example, to ensure that all employees are aware of these basic business principles, and behave in accordance with the spirit, just like the letter of our official statement.
The application of those principles is underpinned by a comprehensive set of assurance procedures, which are designed to make sure that our employees understand the principles and make sure that they act in accordance with them.
As a part of the reassurance system, it is also the responsibility of our management to provide employees with safe and confidential channels to raise concerns and report instances of non-compliance.
In turn, it is the responsibility of Philux workers to report suspected breaches of the law and statutory regulations regarding our business concerns.