Banken for en verden i endring The bank for a ... - BNP Paribas

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Banken for en verden i endring The bank for a ... - BNP Paribas

• NRE appendices – social chapter

NRE social indicators 2006 Comments

28. Steps taken by the Bank to ensure

that subsidiaries comply with ILO

standards

29. Steps taken by foreign subsidiaries

to address the impact of their business

on regional development and the local

community

As part of the implementation of CRBF Regulation 97-02, in 2004 and

2005 GOE systematically reviewed and audited all the major outsourcing

agreements entered into locally by Group entities worldwide. Where clauses

relating to corporate responsibility were missing or inaccurate, the entity

could be requested to renegotiate the contract.

In addition to management controls required by the Group’s internal control

system, internal audit and inspection teams are also responsible for ensuring

compliance with HR directives.

An ethics alert mechanism enables all employees to report any noncompliance

risks they may come up against.

All Group subsidiaries belong to a business line and are required to contribute

to fulfilling its strategy, implementing its policies and exercising its social

responsibility.

The levels of remuneration which BNP Paribas provides to its employees, particularly

in emerging countries, added to benefits such as health insurance and

death/disability coverage, help raise the standard of living in the employees’

families and communities.

The Group makes only limited use of expatriate staff, giving local staff the opportunity

to take up managerial functions and other positions of responsibility.

Scope

concerned

Group

Group

196

APPENDICES

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