Governance and controls: Maintaining high ethical standards
At Absa, we use our skills and resources to deliver high-quality, sustainable results, taking account of the longer term as much as the immediate achievements. We are committed to transparency in our disclosures and reporting.
In managing our business, we appreciate that adhering to high standards of ethical conduct is fundamental to maintaining the trust and confidence of all of Absa’s stakeholders. We will not compromise the controls or compliance requirements that govern our activities. We consistently apply standards across the Group, including risk management, conflicts of interest, competitive practices, bribery and corruption prevention (including gifts and entertainment), anti-money laundering, sanctions and financial crime prevention, fraud prevention, and communication with internal and external stakeholders.
Where we engage with governments and regulators on issues relevant to our business, we are honest and transparent in our communication. We do not fund activities related to political parties or individuals aligned with political parties or interest groups. In managing our relationships with suppliers, we seek mutually beneficial relationships based on merit and work through our supply chain to ensure that related environmental, social and ethical impacts are identified and managed appropriately.
We respect our competitors and acknowledge that free and fair competition is good for business, customers and clients, driving innovation and improvements in service provision.