Responsible trading principles
|1. We understand and support our customers’ national security and other requirements||Earning the trust of our customers is critical to the success of our business. They must trust us to understand their particular circumstances and respond to their requirements including, if applicable, how we can best meet their need to deliver national security.|
|2. We work to BAE Systems’ Values in all that we do||
Together with our Code of Conduct, our Values guide employees in their business decisions:
We deliver on our commitments. We must be honest and take responsibility so that we can be relied upon. In our organisation, everyone’s contribution matters.
We create leading-edge solutions by valuing the imagination and experience within our organisation. We empower teams and work together to turn our ideas and technologies into solutions.
We constructively challenge and take the initiative, operating with tenacity and resolve. We accept challenges and manage risk and set ourselves stretching goals.
|3. We assess carefully our products and services with the objective that neither BAE Systems nor our customers are exposed to significant reputational risk||
The Product Trading Policy and accompanying guidance sets out how we identify, evaluate and manage potential reputational risks associated with the sale of products and services.
Line leaders use the principles set out in the policy to determine the appropriate depth of evaluations in different situations (see Internal controls).
|4. We are as open as practicable about the nature of our business||Being transparent about what we do and how we do it helps us build trust among our stakeholders. We aim to communicate openly and transparently with stakeholders on our business activities. In some cases, we are limited in how much we can say by, for example, confidentiality agreements with customers. If we are unable to provide information where it might normally be expected then we aim to explain why.|