The Group’s approach to ethics and corporate responsibility addresses commercial, environmental, social and societal issues in order to take the needs of all its stakeholders into account. This approach has two major axes.
The first enhances the Group’s internal measures and procedures in order to guarantee compliance with national and international regulations. This “rule-based” approach is regularly monitored by the Group’s Risk and Internal Control Committee. This Committee ensures that procedures, internal control self-evaluations and risk mappings are carried out correctly.
The second seeks to deploy the highest professional standards throughout the Group to ensure that appropriate solutions are applied in situation where the law is either insufficient or imprecise. This “value-based” approach prioritises behaviour and collective intelligence that respects certain rules. It is formally laid down in the Thales Code of Ethics and is implemented by a dedicated organisation that reports to the Ethics and Corporate Responsibility Committee.