Canada NewsWire
MONTREAL, May 11, 2022
MONTREAL, May 11, 2022 /CNW Telbec/ - SNC-Lavalin (TSX: SNC), a fully integrated professional services and project management company with offices around the world, announces the signing of an administrative agreement with Public Services and Procurement Canada (PSPC). This agreement allows the Company to continue to do business with the Government of Canada in accordance with its Integrity Regime originally adopted on July 3, 2015.
"SNC-Lavalin employees in Canada know better than anyone the path we have taken in recent years to implement a world-class integrity program. We have done our homework and extensively transformed the company in terms of governance, operations and culture, while continuing to draw on relevant best practices", said Ian L. Edwards, President and CEO, SNC-Lavalin Group Inc. "We are focused on providing innovative solutions to address the world's most pressing challenges while remaining an important contributor to the Canadian economy."
On September 23, 2021, the Quebec Crown Prosecutor's Office (DPCP) invited SNC-Lavalin to negotiate a remediation agreement (the "Remediation Agreement") following charges against SNC-Lavalin Inc. and SNC-Lavalin International Inc. under the Criminal Code of Canada for offences that occurred between 1997 and 2004 in connection with the Jacques Cartier Bridge Refurbishment project, a $128 million contract, of which SNC-Lavalin was a 50 percent consortium partner. In light of these charges and following an assessment of information provided by the company, PSPC invited SNC-Lavalin to negotiate an administrative agreement.
Prevent, detect and respond to any risk of wrongdoing
For almost 10 years now, SNC-Lavalin has been implementing extensive changes in terms of governance, operations and culture, while continuing to draw on relevant best practices.
Governance: an effective, transparent, and independent integrity program
Operations: an integrity program that fosters and enables ethical decision-making
Culture: a culture of integrity that promotes communication and ownership
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to design, deliver and operate the most complex projects. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. We deliver to clients in key strategic sectors such as Engineering Services, Nuclear, Operations & Maintenance and Capital. You can find relevant news and information at snclavalin.com or follow us on LinkedIn and Twitter.
SOURCE SNC-Lavalin
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