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ANTI-CORRUPTION POLICY
It is the policy of Lundin Petroleum AB to conduct its operations in an honest, transparent and ethical manner, observing the highest standards of professional integrity and complying with applicable international and national legislation.
In furtherance of the commitments it made under its Code of Conduct and the United Nations Global Compact, Lundin Petroleum prohibits all forms of corruption, in whatever form it may take, direct as well as indirect, active as well as passive, wherever it has activities. Corruption may include, among others, abuse of function, breach of trust, bribery, embezzlement, extortion, facilitation payments, fraud, kickbacks, trading in influence, etc.
Lundin Petroleum's Guidelines on Anti-Corruption provide guidance on the communication and implementation of this Policy. Lundin Petroleum will ensure that appropriate training is provided throughout its operations; it will monitor and assess compliance with this Policy.
COMMUNITY RELATIONS POLICY
It is the policy of Lundin Petroleum AB, while engaging in oil exploration and production activities, to operate in a manner that is consistent with the welfare of neighbouring communities.
Lundin Petroleum seeks to contribute to enhancing the living standards and well being of the people in the areas it operates, by hiring local staff and participating in local projects. Depending on the needs and circumstances prevailing in the area, Lundin Petroleum will contribute to community development projects aimed to improve the level of health, education and welfare services.
These activities are carried out in consultation with representatives of the local community and other stakeholders.
ENVIRONMENTAL POLICY
It is the policy of Lundin Petroleum AB, and its international exploration and production affiliates, to ensure that exploration and production operations are conducted in compliance with all applicable environmental laws and regulations and, as a minimum, meet company-specified environmental procedures and programmes.
Lundin Petroleum is committed to the protection of the environment in which its activities are conducted. Lundin also emphasises the importance of conservation and the need to minimise the effects of pollution within the scope of its operations. The company will co-operate with industry, government and the public on programmes to protect the environment.
Lundin Petroleum will provide the necessary training for its employees to ensure that they have the knowledge and capability to conduct operations in a manner that is consistent with sound environmental practices. Lundin Petroleum will also provide the necessary resources, advice and guidance to ensure implementation and communication of this policy, monitor and audit all aspects of its compliance and develop contingency plans for emergency situations.
HEALTH AND SAFETY POLICY
It is the policy of Lundin Petroleum AB to conduct all its operations in a manner, which protects people and property and which complies with all applicable legislation. Lundin recognises that prevention of accidents and ill health is essential to the efficient operation of its business. Accordingly, the control and management of health and safety issues commands at least equal prominence, when balanced against operational and commercial considerations.
Lundin Petroleum's principal health and safety objective is to provide a safe working environment, for employees, contract personnel and members of the general public who may be put at risk by the activities of the company.
Lundin Petroleum recognises the value of its employees and considers their well being to be a major factor in the success of all its business activities.
HUMAN RIGHTS POLICY
In furtherance of the commitments Lundin Petroleum AB made under its Code of Conduct and the United Nations Global Compact, as well as following the United Nations Guiding Principles on Business and Human Rights (“UN Guiding Principles”), the company reiterates through this Policy its commitment to respect human rights wherever it operates.
Lundin Petroleum is committed to respect internationally recognised human rights, not to infringe on individuals’ human rights, and not to be complicit nor contribute indirectly to human rights abuses.
Human rights are to be understood as those referred to in the Universal Declaration of Human Rights (UDHR), the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights and in the International Labour Organization’s (ILO) Conventions and, in relation to business activities, in the Global Compact, the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles.
While Lundin Petroleum respects all human rights, it focuses primarily on those human rights that potentially may be most impacted, directly or indirectly, by its activities.
As per its Code of Conduct, respecting the human rights of its employees means providing for a safe and sound working environment In particular, Lundin Petroleum recognises the importance of respecting the rights of local communities, and thus prior to any new investment, it analyses potential impacts on human rights.
Lundin Petroleum expects its employees, business partners, contractors and suppliers, to respect human rights and to observe highest standards of professional integrity.
Lundin Petroleum is also committed to promote human rights in its sphere of influence.
Lundin Petroleum will ensure that appropriate training is provided throughout its operations and will monitor and assess compliance with this Policy.
This Policy will be subject to periodic review through the company’s human rights due diligence process.
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