Dubai - Emirates National Oil Company (ENOC) launched its 'Code of Business Conduct' on 25 March 2015, at Horizon Djibouti Terminals (HDTL) - the terminalling company of Horizon Terminals Limited (HTL) established by ENOC in Djibouti.
The 'Code of Business Conduct' provides a clear insight and understanding of the corporate values, responsibilities, obligations and ethical ambitions of ENOC, and the way it functions.
The event was attended by management and staff from ENOC, Horizon Terminals, and Horizon Djibouti Terminals.
Yusr Sultan, Managing Director,Horizon Terminals Limitedsaid: "Our success over the years is the result of the high standards of integrity that we continue to maintain in our operations. By committing our actions and value systems to this 'Code of Business Conduct', we are further strengthening our platform for growth and building even stronger bridges with our partners and stakeholders."
The 'Code of Business Conduct'builds on the core values that are integral to all of HDTL's operations - Team Work, Integrity, Transparency, Respect and Customer Focus. It outlines HDTL's approach towards fair treatment, environment, health & safety standards, quality, workplace conduct, conflicts of interest, business courtesies, intellectual property, information use, trademarks and records management, among others. The code reflects HDTL's commitment to achieving long-term success founded onan ethical culture in the workplace.
Every employee at HDTL was provided with an awareness session on the Code along with a copy of the 'Code of Business Conduct' that clearly sets out the ethical standards and transparency expected from them. In addition, supporting materials such as posters and circulars were shared with employees. The reference policies of this code are also available on the HDTL 'Code of Business Conduct'portal.
Houssein Ahmed, General Manager, HDTL said: "Horizon Terminals has continuously upheld the highest standards of integrity across all our operations. The introduction of the code will further serve as a roadmap for allour employees, who can now directly report any concerns they have to bring greater accountability and promote transparency."
ENOC has also launched several initiatives to support the implementation of the 'Code of Business Conduct,' such as establishing a Business Ethics & Compliance function with an annual program on Business Ethics activities coveringareas such as standards, compliance, communication, training, risk assessment, administration and case management. Also, an ethics hotline,in collaboration with an independent professional provider,is in place. The function will also provide a support role to HTL-managed joint ventures and subsidiaries where the code is applied.
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About Horizon Terminals Limited
HTL was incorporated in 2003 as a limited liability company in Bahamas, wholly owned by ENOC group. With an increase in demand in the bulk liquid terminalling business, HTL was created in order to consolidate its existing terminalling investments, and expand the business globally.
About Horizon Djibouti Terminals
HDTL is located on the straits of Bab el Mandeb, Red Sea which is considered very strategic to the global oil trade routes since it is on the crossroad of major shipping lanes (Med-Suez-Arabian Gulf). Djibouti also offers the ideal location to access the Horn of Africa's other local markets especially Ethiopia, Somalia & Eritrea. It also offers deep water draft dedicated jetties and large tank capacities to meet break-bulk & consolidation of cargoes, contango& arbitrage storage as well as strategic storage requirements, over and above meeting in-land road deliveries.
About ENOC
Established in 1993 as a wholly-owned company of the Government of Dubai, ENOC aims to promote the interests of its shareholders through the development of further downstream and upstream activities in the oil & gas sector and beyond, and to encourage the economic diversification of Dubai and the rest of the UAE.
ENOC's vision is to be a leading regional integrated oil & gas group that is highly profitable and socially responsible towards employees, the community and environment. Driving this vision, ENOC is committed to achieving sustainable development and highly profitable growth and serving the growing energy needs of Dubai.
ENOC strives to attract, develop and retain top talent to become the employer of choice, while adopting latest technologies and implementing best practices to achieve world-class performance. ENOC is also focused on meeting and exceeding customer expectations in terms of quality and service, and in maintaining high industry standards with respect to environment, health and safety.
ENOC actively participates in an increasingly broad range of business ventures. Its joint ventures with major international companies allow partners to pool their technology, know-how and expertise along with their resources to further their commercial success.
Since its inception, ENOC has been guided by its philosophy of quality and professional management based on modern business concepts for commercial success and sustainable growth. Today it is poised to engineer a new and challenging period of growth and diversity.
For further information, please contact:
Kelly Home / Sonia Blanco
ASDA'A Burson-Marsteller
+9714 4507600
kelly.home@bm.com / sonia.blanco@bm.com
© Press Release 2015
