The Code of Ethics embodies the
values and principles of the Group. It is the binding thread that
unites Vallourec Group employees and serves as a benchmark for the everyday
activities. It reflects also the manner in which Vallourec seeks to conduct its
relationship with all its partners.
The “Vallourec way” is based on a set of fundamental
values that Vallourec wants all people working within the Group to
Vallourec acts in accordance with its
principles, which are founded on its values, reflecting the way in which
Vallourec means to conduct its relations with all partners and other
Those principles form a benchmark for the Group,
especially in implementing its sustainable, responsible development
Overall, Vallourec undertakes to run its business in
accordance with international, national and local laws and
Vallourec reaffirms its commitment to the following Principles of Social Responsibility, in particular:*
*"Agreement on the Principles of Responsibility applicable in the Vallourec Group", approved by the European Committee on 9 April 2008.
Vallourec’s confidence in the professionalism and integrity
of people working within the Group is founded on their compliance with a number
of rules. Without being a substitute for their individual sense of
responsibility, these rules are a reference for all.
If there are doubts as regards relations with a third party, Vallourec personnel immediately refer the matter to management.