In our business, trust is crucial. It is the foundation of every transaction, the backbone of every market, and speaks to reliability, confidence, and honesty. At PwC, demonstrating integrity is at the heart of everything we do – for the good of our business and for society as a whole.
In FY13, all of our partners and staff completed independence, ethics, and compliance training.
To promote trust in the marketplace, we must ourselves be trusted. In support of our commitment to integrity, we are governed by PwC’s global Code of Conduct and Our Standards, the U.S. companion to the global Code of Conduct. The Code is designed to guide us in upholding professional standards, mitigating corruption, and conducting our business responsibly and with integrity. Each of us at PwC has an obligation to know and understand not only the guidelines contained in the Code, but also the values on which they are based. We also have an obligation to comply with the letter and spirit of the Code and to help others do the same. All individuals are encouraged to ask questions and raise any potential concerns through appropriate channels, including the Ethics & Compliance HelpLine. Ethics training and compliance is an essential and mandatory part of the PwC experience, and, each year, all partners, principals, and staff must re-confirm their adherence to and knowledge and acceptance of PwC policies, including those pertaining to corporate responsibility.
As our firm transforms how it delivers services to its clients and internally, we see a growing number of alternative labor sources (or non-U.S. firm employees) supplementing our teams. We created the U.S. firm Third Party Labor Code of Conduct to help govern and guide the work that these resources provide on behalf of the U.S. firm. We believe that these resources have an obligation to know, understand, and comply with the guidelines to handle firm and client information with the utmost care and conduct business within compliance with policies, regulations, and expectations that govern our work and professional conduct, as well as any contractually agreed upon arrangements.
We also have a Supplier Code of Conduct that outlines the expectations we have of our suppliers. We see the Supplier Code as an opportunity to engage in a rich and sustained dialogue with our suppliers, helping us to leverage our purchasing power and encourage alignment of our corporate responsibility approach with theirs.