Governance & Ethics

Anti-Bribery Management System

We began strengthening our governance and anti-bribery efforts well before 2016 evident through various corporate-level programs and commitments reflected in our Good Corporate Governance Guidelines and Our Code.

This commitment has led to the establishment of an Anti-Bribery Management System (ABMS) across MedcoEnergi's assets. We have obtained ISO 37001:2016 ABMS certification for Medco E&P Natuna Ltd, E&P Procure-to-Pay Process, Medco Power Indonesia’s Home Office and subsidiaries (PT Mitra Energi Batam/Dalle Energi Batam, PT Energi Listrik Batam, and PT Tanjung Jati B Power Services), Joint Venture (JOB Tomori), Medco Energi Thailand (Bualuang) Ltd. and Medco E&P Grissik Ltd. Our latest additions are acquiring the certification for two of our assets namely Medco Oman LLC (MLLC) and Medco Power subsidiary - Medco Ratch Power Riau (MRPR).

Key elements of our ABMS include:

  1. MedcoEnergi's anti-bribery policies, procedures, and controls.
  2. Commitment from top management.
  3. Management reviews of anti-bribery programs.
  4. Anti-bribery training and communication initiatives.
  5. Regular Fraud/Bribery Risk Assessment workshops.
  6. Due diligence programs.
  7. Investigation of reported concerns and ongoing monitoring.
  8. Collaboration with relevant organizational functions on corrective actions.
  9. Continuous improvement efforts.