Novonor Companies Awarded with ISO Anti-Bribery Management Certificate

Novonor, former Odebrecht, announced today (6/23) that after an audit by an international company, it was awarded with the ISO 37001 – Anti-Bribery Management System Certificate, a milestone in the Group’s transformation history.

A few weeks ago, other companies of Novonor Group were awarded the same certificate: the petrochemical industry Braskem, the engineering and construction company OEC, the oil and gas banch of Ocyan and Vexty, the Group’s private pension entity.

This means that the holding and operating companies of Novonor Group now have an ISO Certificate proving high standards of anti-corruption governance in their internal procedures.

“This is a valuable achievement,” says Novonor’s CEO, José Mauro Carneiro da Cunha, “It is a seal that demonstrates to our customers and to society how authentic and determined our transformation actions are,” José Mauro added.

The transformation was accelerated last year. First, after an agreement with most of the creditors, the company’s Court Supervised Reorganization Plan was approved in July.

Then, in November, the independent external monitoring the U.S. Department of Justice (DoJ) and the Brazilian Federal Prosecution Service (MPF) had been conducting for the past three years at the company, in compliance with the leniency agreements signed with Brazilian and foreign authorities, was concluded.

The monitors recognized the consistency of Novonor’s governance and compliance system. The last action taken by the MPF in relation to the monitoring occurred on 05/05/2021, when it ratified the implementation of the company’s integrity program.

In December, the Group defined their expectations for the present and future, their Purpose, and strategic direction of the companies for this decade, represented by the 2030 Vision. And at the same time, they presented their new brand, Novonor, “inspired by the future,” according to an announcement made at the time.

In a statement issued today to all members of the Group announcing the award of the ISO 37001 Certificate, José Mauro Carneiro da Cunha, who was the Chairman of the Board of Directors and became of ovonor’s CEO in April this year, said:

“Transformation is a daily practice. It is not a predetermined fate. Every day, at every moment, we need to build and honor the fate we have outlined for ourselves of a company committed to operating with the highest ethical, technical, governance, and efficiency standards to promote growth and prosperity in Brazil and in the countries where we operate.”