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Ethics management
The management of ethics is anchored in the SABN’s ethics policies which consist of the following:
1
Code of Ethics and Business Conduct
2
Policy on Outside Interests, Outside Occupations and Public Speaking
3
The SARB Group’s Personal Account Trading Policy
4
Commercial Crime Control Policy
5
Supplier Code of Ethics and Conduct
6
Whistle-blowing Policy
7
Gift Policy
The SABN has received a Level 1 accreditation by the BnEI. The BnEI, which was launched in May 2013, was established to provide ethical business practice, with a focus on the prevention of corruption and on compliance with anti-trust law within the banknote industry. Maintaining high ethical standards across the banknote industry is essential to ensure customers, suppliers and other stakeholders are confident that the standards according to which the banknote industry operates are beyond reproach. Furthermore, it ensures that all the companies operating in the industry are performing to the highest ethical standards. The SABN Board, together with management, is responsible for the ethical culture of the Company, with the support and oversight provided by the Social and Ethics Committee.
The SABN has an ethics hotline, ‘Tip-offs Anonymous’, which is an independent service that enables SABN employees, customers, suppliers and contractors to report illegal actions and ethical misconduct. All tip- offs are actively investigated, followed up, resolved and documented by the SARB’s RMCD and IAD and the SABN’s management, for reporting to the ARC.
South African Bank Note Company (RF) Proprietary Limited
Annual Report 2021
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