Bribery and corruption present a threat to commercial operations and communities worldwide. They undermine fair competition, erode public trust in governments and business and disadvantage economies.
Woodside has a zero-tolerance approach to fraud, bribery and corruption and complies with all relevant Australian and international anti-bribery and corruption laws. As part of continuous improvement and our goal to mature our approach to sustainability, Woodside reviewed its anti-bribery and corruption processes and made the following improvements in 2016:
- Woodside’s fraud and Corruption Control Program was updated to emphasise operational aspects.
- Updated e-learning corruption training delivered to 1,582 managers and personal in business areas exposed to elevated corruption risk, which represents 45% of the company.
- Acquired a new due-diligence software management system that is improving third-party monitoring capabilities, providing real-time monitoring.
2017 focus areas
Woodside’s fraud and corruption control program was reviewed externally during 2016 and was determined to be appropriate for Woodside’s global operations. Recommendations for improvements will be implemented during the course of the year.
There were no violations of anti-bribery and corruption laws detected within or in connection with Woodside in 2016.