Ethics and Compliance
CPChem’s E&C Program is managed by the E&C Office, which resides within the organization’s legal department and is led by the Chief Compliance Officer, who reports directly to the CEO. The E&C Office also oversees company-wide adherence to CPChem’s Code of Conduct. The day-to-day implementation of the Program is handled by relevant SMEs across various departments, including EHSS, finance, global trade, human resources, information technology, legal and public affairs. We welcome anonymous feedback through a third-party hotline, with relevant concerns forwarded to, and managed by CPChem’s E&C office and the highest levels of the organization.
Third-party management
CPChem takes steps to ensure that third parties working on its behalf adhere to ethics and compliance standards. Our Third-Party Management Program outlines processes and guidelines for engaging, retaining and monitoring those third parties.
Managing Risk
Biennial risk assessments are conducted company-wide to identify potential compliance issues with internal policies, regulations, and laws. When a risk is identified, mitigation steps may include policy updates, training, communications, audits and more. In 2024, 100% of CPChem’s wholly owned or operated facilities were assessed, and no significant risks were found.
CPChem is committed to protecting its assets and preventing security risks through information security risk assessments, audits of control procedures, incident response and records retention best practices.
Our company regularly evaluates and manages legislative, regulatory, policy and political activities to address potential business and human rights impacts and generate value by:
- Building and supporting relationships with external stakeholders, including governments, NGOs and communities where CPChem operates
- Managing potential risks and mitigating impacts when necessary
- Developing and implementing topic management and stakeholder engagement plans, systematically tracking engagements, issues and effectiveness
