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Maersk Oil has supported the Extractive Industries Transparency Initiative (EITI) since 2011. The EITI is a globally developed standard that promotes transparency and accountability of natural resource management at the national level through public reporting of company payments and government revenues. Maersk Oil supports the EITI as it contributes towards the sustainable development of countries’ economies and encourages open dialogue between governments, citizens and companies.
Maersk Oil also has a strong compliance programme in place to limit the risks of corruption. The programme provides for risk assessments, thorough due diligence of business partners as well as integration of anti-corruption clauses in contracts. In addition, training is conducted every year of employees at a global level.