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Values Matter
2016 Sustainability Report
Values Matter
2016 Sustainability Report
Download our
2016

Ethical Culture

Excellence. Trust. Respect. Responsibility. Our core values guide what we do and how we do it. 

Each director and officer understands they have a fiduciary duty to Vermilion and its stakeholders, including the obligation to act honestly and in good faith. Our Code of Business Conduct and Ethics (“Code of Conduct”) outlines a framework of guiding principles for directors, officers and employees globally, and supports the personification of our core values and the demonstration of ethical business practices. G4-56

Specifically, the Code of Conduct covers:

The Code of Conduct is contained within each country-specific Employee Handbook. These handbooks, which are published on our company intranet, also contain Vermilion’s country-specific policies, workplace guidelines, and employment obligations. 

Our employment obligations cover the following topics:

We require all of our Directors, officers and employees to review their employment obligations annually, including sign-off to confirm their understanding and compliance with these obligations. G4-41

Within the company, our President and CEO and our EVP People & Culture hold responsibility for these policies, while our entire executive team operates with an open-door policy for staff concerns about any of these issues. This is augmented by a confidential website email or link and phone number that allow staff to anonymously report concerns or seek advice from our Corporate Secretary, who is a partner of our external legal counsel and not a Vermilion employee. The Corporate Secretary can then take those concerns directly to the Board of Directors. Our whistleblower policy – known internally as our “Reporting of Inappropriate Activity Policy” – prohibits retaliation, harassment or discrimination against anyone making a complaint or reporting a concern. No concerns or complaints were registered with the Corporate Secretary in 2015.G4-49  G4-50  G4-57  G4-58

Values Matter
Vermilion Energy