At Novum Energy, we continuously strive to operate to the highest ethical standards, to grow with transparency and accountability, and to act, at all times, with due regard for the social and environmental impacts of our international operations. Particular importance is given to environmental protection, ethical behavior, risk management and compliance and anti-corruption - all areas where Novum Energy has made significant investments in recent years.
At Novum, we share a set of core values: Integrity, Honesty, Professional Competence and Respect for People. Our business is conducted in full compliance with all applicable economic sanction laws and regulations, with special focus on international anti-money laundering principles and standards as recommended by the Financial Action Task Force.
Dignity and Respect
At Novum, we believe that our people are our most important asset and the key to our success. Promoting fairness, dignity, trust, and respect amongst all employees is our key commitment and we strive to create a workplace that is free of discrimination and harassment. We promote equal opportunity and fair reward for individual contributions. As we hold ourselves to these standards, we expect the same of all the partners we work with.
Health, Safety, Environment, Human Rights and Communities
As we recognize our people as our greatest asset, we assign the highest priority to preserving their health, rights, and safety. We are committed to avoiding damage to the environment and related impacts on the communities where we do business. We have zero tolerance for any form of modern slavery including forced, compulsory or child labor. We strive to employ and nurture local talent in the countries we operate in to create a more sustainable business and to contribute to the community. We adhere to the principles of the Global Business Initiative on Human Rights.
Business Ethic and Conduct
Novum’s continued success is built upon the principles of fair dealing and ethical conduct of our employees and is dependent upon our customers' trust. Employees always act in a way that will merit the continued trust and confidence of our stakeholders. Novum is committed to complying with all applicable laws and regulations, and expects its directors, officers, and employees to conduct business in accordance with the letter, spirit, and intent of all relevant laws and to refrain from any illegal, dishonest, or unethical conduct.
Anti-Bribery & Corruption
Novum conducts its business in an honest and ethical manner. We take a zero-tolerance approach to bribery and corruption, and are committed to acting professionally, fairly and with integrity in all our business dealings and relationships wherever we operate, and to implement and enforce effective systems to counter bribery. Novum upholds all laws globally relevant to countering bribery and corruption, including the UK Bribery Act 2010 (the “UK BA”), the U.S. Foreign Corrupt Practices Act of 1977 (the “FCPA”), and the Singapore Prevention of Corruption Act (Cap 241, 1993 Rev Ed) (“PCA”) and Singapore Penal Code (Cap 224, 2008 Rev Ed) (the “PC”). Our anti bribery and corruption policy applies to each Novum entity within the Company as well as its directors, employees, agents and third parties with which we work.
Novum does not support, facilitate, or permit money laundering, terrorist financing or any other fraudulent activities. As a global organization, Novum applies the principles of internationally recognized industry standards to its anti-money laundering checks as recommended by organizations such as The Financial Action Task Force (“FATF”) and the UK’s Joint Money Laundering Steering Group (“JMLSG”), as well as other equivalent and applicable local regulatory requirements in the jurisdictions in which the Group operates