BEST BUSINESS PRACTICE
UNSDG 16 Peace, justice and strong institutions – PXGEO is committed to minimizing the risk and exposure of corruption and bribery for the organization and employees, through strict procedures, regular awareness training and a zero corruption and bribery policy.
The establishment of PXGEO as a private company, with a robust balance sheet and excellent reputation for service delivery, has firmly positioned PXGEO to responsibly navigate an unpredictable and complex global economic environment.
​Risk Assessment
PXGEO regularly assesses business risks, reflecting matters which could have a material impact on any aspect of the business. Mitigating actions are recorded for each risk and additional steps are identified during each review to reduce the likelihood or severity of the risk. A member of the PXGEO leadership team is designated to ensure appropriate resources are allocated to address each identified risk.
Cyber Security
​Maintaining robust controls to mitigate cyber security risks is one of PXGEO’s top priorities. The PXGEO IT security strategy to mitigate these risks is anchored around an integrated people, process and technology approach.
Company Management System
The bespoke PXGEO Management System is a critical element of how operations and assets are managed, incorporating the highest levels of quality and safety into all company activities enabling PXGEO to run its global business safely, efficiently and responsibly.
Business Ethics
PXGEO operates in several areas around the world where concerns exist regarding the standard of ethical commercial behavior. PXGEO remains committed to ensuring employees possess the appropriate training and awareness so that the risk of becoming involved in any inappropriate business practices is comprehensively mitigated.
PXGEO provides training and support for all operations managers, senior field crew, shore representatives and key suppliers.
Stakeholder Engagement
PXGEO deals with over 400 global suppliers and expects these suppliers to maintain the same high standards of business practice that are set for PXGEO employees. Supplier management is PXGEO Limited Annual Report 2021 73 therefore a critical part of PXGEO’s Management System. We acknowledge the significant risk exposure through suppliers and put all efforts to implement a successful interface to align suppliers’ performance and ensure the right processes are in place to maintain adequate control.
Certifications and Accreditations
ISO standards support the three pillars of sustainable development - economic, social and environmental. ISO 14001 is the international standard that stipulates requirements for an effective environmental management system (EMS). ISO 9001 is a standard that sets out the requirements for a quality management system (QMS) which drives sustainable business practices whilst promoting good social welfare practices in delivery of our services.
PXGEO operates under the environmental standard ISO 14001:2015 and quality standard ISO 9001:2015. PXGEO also transitioned during 2021 from OHSAS ISO 18001 to the newly released ISO 45001 standard that enables organizations to provide safe and healthy workplaces by preventing work-related injuries, illnesses and fatalities and by proactively improving our Occupational Health & Safety (OH&S) performance.
