Dubai, United Arab Emirates: January 25, 2021 (fbmjo) – SNC-Lavalin is pleased to announce that it has earned the coveted Compliance Leader Verification for 2021-2022, extending an earlier 2019-2020 verification, from The Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
This recognition demonstrates SNC-Lavalin’s ongoing commitment to building a world-class integrity program. Of the six programs and practices analyzed, four ranked as best in class and two exceeded expectations while showing new opportunities for improvement. The assessment is also the result of an extensive benchmarking initiative, as SNC-Lavalin was compared to 21 publicly traded sector peers and 132 companies representing Ethisphere’s 2020 class of the World’s Most Ethical Companies.
“We are delighted to recognize SNC-Lavalin for its exemplary program. Through strong leadership, a solid program structure, and commitment to leading practices, the company has excelled at fostering a culture of integrity,” stated Jodie Fredericksen, J.D., Senior Compliance Counsel, Ethisphere.
“I am proud that SNC-Lavalin is once again acknowledged by Ethisphere. We have come a long way since the day we started our ongoing integrity journey. This prestigious recognition is owed to our employees who give life to our program and embody our Integrity value,” said Ian L. Edwards, President and CEO, SNC-Lavalin. “For us, acting with integrity means doing what’s right by making the right choices and holding ourselves to the highest ethical standards. Our culture of integrity is strong, and we look forward to always implement best practices in that field.”
The Compliance Leader Verification process involves a rigorous review of an ethics and compliance program and corporate culture. It includes completing the Ethics Quotient® (EQ), a questionnaire covering the elements of an effective program; benchmarking program practices against the World’s Most Ethical Companies®; and extensive document review and interviews with executives and stakeholders. SNC-Lavalin also chose to conduct an Ethical Culture survey to assess employee perceptions across eight pillars of an ethical culture.
SNC-Lavalin’s performance was evaluated on six key areas: program resources and structure; perceptions of ethical culture; written standards; training and communication; risk assessment, monitoring and auditing; and enforcement, discipline, and incentives.
“This year, SNC-Lavalin outperformed Ethisphere’s benchmark of comparable companies across all eight pillars of an ethical culture. In practice, this means that employees know how to act in an ethical and compliant matter and are comfortable speaking up and reporting concerns,” stated Douglas Allen, Managing Director, Data & Services, Ethisphere.