Bloomberg is committed to conducting business in accordance with the highest ethical standards. Our leadership has established Doing the Right Thing as one of the company’s core values, which includes, among other things, zero tolerance for bribery or corruption in any form, in any jurisdiction in which we operate.
The Company’s Employee Code of Conduct and Ethics, and internal policies, set forth general standards of conduct and ethical behavior. Bloomberg reinforces these standards through regular employee training and communications.
As part of this fulsome global ethics and compliance program, Bloomberg has adopted ABAC policies and procedures to ensure compliance with the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act of 2010, and other anti-corruption laws that apply to the company in the countries in which we do business (Anti-Corruption Laws). These ABAC policies and procedures provide important guidelines and set minimum standards for all employees to follow when doing business with third parties, including applying heightened safeguards around our employees’ interactions with individuals who work at government entities, and companies that are state-owned or controlled (Government Officials).
Bloomberg does not authorize, involve itself in, or tolerate any business practice or employee action – even if considered “customary” in a particular region – that does not fully comply with our ABAC policies and procedures, or Anti-Corruption Laws.
Bloomberg mandates employee participation in ongoing training that details our ABAC policies and procedures and employees’ roles and responsibilities.
In particular, employees are:
- Strictly prohibited from offering, making, or accepting a bribe; or making a facilitation payment, either directly or through a third party – for any reason.
- Subject to a pre-approval process for the exchange of gifts, travel, or entertainment with Government Officials or accepting the same from anyone with whom Bloomberg does or wishes to do business, beyond items of token value.
- Required to recruit and hire based on candidates’ merit and achievements. While third party referrals are permitted, hiring will not be done in exchange for favors or benefits to Bloomberg.
Bloomberg is committed to giving back to the cities in which we live and work, and philanthropy and service are an integral part of our culture. All charitable donation and partnership requests are approved by Corporate Philanthropy and diligence is conducted on the non-profits that we support to ensure compliance with Bloomberg’s ABAC policies and procedures.
Bloomberg holds third parties to the same standards of conduct as its employees, and takes a risk-based approach to conducting due diligence on third parties. Bloomberg’s expectations and requirements relating to its suppliers are set forth in Bloomberg’s Supplier Code of Conduct, which can be found at bloomberg.com/procurement.
Bloomberg provides an anonymous ethics hotline to report any concerns by employees or third parties, which is available 24 hours a day/7 days a week in multiple languages and can be found at bloomberg.ethicspoint.com.
