Our Core Responsibilities
Philux Energy recognizes five areas of core responsibility. It is the primary duty of our management to continuously assess the priorities and discharge these inseparable responsibilities on the basis of that assessment.
- To shareholders
To protect shareholders’ investment, and provide a long-term return that is competitive with those of other leading companies in the industry.
Our Business Principles
- Promotion of Economic Objective.
- Promotion of a Healthy Competition
- Insistence on Business Integrity
- Our Policy on Political Activities
- Health, Safety, Security and the Environment
- Our Responsibility to Local Communities
- Communication and Constructive Engagement
- Compliance with Statutory Regulations
Our Core Values
To win and maintain customers by developing and providing products and services which offer price in terms of worth, quality, safety and environmental impact, which are supported by the requisite technological, environmental and commercial expertise.
To respect the human rights of our workers and to provide them with good and safe working conditions and competitive terms and conditions of employment.
To promote the event and best use of the talents of our employees; to form associate degree inclusive of a favourable and conducive work environment where every employee has an equal fertile ground to develop his or her skills, powers and abilities.
To encourage the involvement of employees in the planning and direction of their work; to provide them with channels to report concerns. We recognize that commercial success depends on the full commitment of all employees.
To those with whom we do business
To seek mutually beneficial relationships with contractors, suppliers and in joint ventures and to promote the application of these Philux Energy’s General Business Principles or equivalent principles in such relationships. The ability to promote these principles effectively are a crucial pointer to think about the choice whether to enter into or remain in such relationships.
To the host society
To conduct business as responsible corporate members of our society, to comply with applicable laws and regulations, to support fundamental human rights parallel with the natural role of business, and to give proper regard to health, safety, security and the environment in every of our business dealings.
Promotion of Economic Objective
Long-term profitability is essential to achieving our business goals and to our continued growth. It is a live each of potency and of the worth that customers place on Philux Energy’s products and services. It supplies the necessary corporate resources for the continuing investment that is required to develop and produce future energy supplies to meet our numerous and different customers’ needs. Without profits and a strong financial foundation, it would not be possible to fulfil our responsibilities. Our criteria for investment and divestment decisions include sustainable development considerations (economic, social and environmental) and a concerted appraisal of the risks of the investment.
Promotion of a Healthy Competition
Philux Energy totally supports free enterprise. We seek to contend fairly and ethically and at intervals the framework of applicable competition laws; we will not prevent others from competing freely with us. We are poised and favourably disposed towards the promotion of a healthy competition across board at all levels.
Insistence on Business Integrity
Philux Energy is very particular on honesty, integrity, transparency and fairness in all ramifications of our business transactions. The direct or indirect offer, payment, soliciting or acceptance of bribes, inducement, greek gift or kickback of any type is unacceptable. Facilitation payments are also bribes and must not be made, let alone to any of our staff. Employees must avoid conflicts of interest between their private activities and their official duties within the conduct of our company’s business transactions. Employees must also declare to their employing company potential conflicts of interest. All business transactions on behalf of a Philux Energy should be reflected accurately and fairly in the accounts of the company in accordance with established procedures and are subject to periodic audit and full disclosure.
Our Policy on Political Activities
- Of companies
Philux Energy act in a socially-responsible manner within the laws of the countries in which we operate in pursuit of our legitimate commercial objectives. Philux companies do not make payments to political parties, organisations or their representatives. Philux firms do not participate in party politics as we have zero tolerance for political colouration. However, when dealing with governments, Philux companies have the right and the responsibility to make our position known on any matters, which affect us, our employees, our customers, our shareholders or local communities in a manner without such expressed views being construed along primordial, partisan political colourations and prisms, which is in accordance with our values and the Business Principles.
- Of employees
Where individuals wish to engage in activities in the community, including standing for election to public workplace, they will be given the opportunity to do therefore wherever this can be applicable within the lightweight of local circumstances.
Health, Safety, Security and the Environment
Philux Energy has a systematic approach to health, safety, security and environmental management in order to achieve continuous performance improvement. To this end, Philux Energy manages these matters as critical business activities, set standards and targets for improvement, and measure, appraise and report performance externally. We continually look for ways to reduce the environmental impact and socio-ecological implications of our operations, products and services.
Our Responsibility to Local Communities, CSR
Philux Energy is alive to her corporate social responsibilities. We are perpetually committed to abiding by the cultural tempo of our host communities, whilst giving back responsibly and responsively to the communities that have given us tremendous support in our business strides. We are committed to initiating value-adding programs to our society and sponsoring some others as the case may be.
Communication and Constructive Engagement
Our pattern of communication is very civil and in accordance with the approved organogram of our business set up. We believe in community advocacy and constructive engagement with critical stakeholders. We earnestly believe in consultation and communication and channeling our grievances to the appropriate quarters in a civil manner.
Compliance with Statutory Regulations
We have a very strong, dependable and sound Corporate and Legal Service Department that handles our compliance with industry’s statutory regulations and periodic inventory.