Ethical
Principles
Ethical
Principles
Honesty and Transparency
Honesty and Transparency
Strong commitment to trustworthy relation to its partners, involving confidence and zero late payment performance
Keeping our promises
Keeping our promises
We never commit to what we are unable to fulfil
Keeping our promises
Keeping our promises
We never commit to what we are unable to fulfil
Integrity
Integrity
We adhere to high moral and ethical principles consistently applying them in all circumstances regardless of internal or external pressures
Compliance &
Code of Conduct
Compliance &
Code of Conduct
Code of Conduct
A thorough commercial and financial understanding of our counterparties enables us to better serve our clients while controlling our risk and adhering to our anti-bribery, anticorruption and anti-money laundering policies. Under our KYC procedures, our compliance team conducts due diligence for each new counterparty. Completion of KYC is mandatory prior to entering into any new contractual agreements with any counterparty
For counterparties who are looking to purchase from us under open account terms, an internal credit analysis is performed in conjunction with our KYC to determine payment terms that can be offered. Since inception, our business practices have been governed by integrity, transparency, honesty, fair dealing and in compliance with all applicable laws and regulations
Our reputation is a critical competitive advantage and as such, we are committed to abiding by the highest ethical standards of doing business. Adherence to PETCHEM’s Code of Business Conduct is mandatory for all personnel. The Code of Conduct has been developed on the basis of fundamental ethical principles and best practices of corporate governance. Our Code of Business Conduct sets requirements for professional conduct and is the foundation for our Company policies, procedures, and guidelines
