The Infrastructure Code of Practice is a voluntary code which outlines the best practices and expected behaviours of those who conduct negotiations for access to infrastructure. It was established to ensure that new and smaller players in the UKCS can develop and bring on stream discoveries which require third party infrastructure.
At TAQA we aim to be a good business partner and value third party business on our installations. The documents available on this page outline access information for all our operated assets, including relevant contact details.

• Tern – ICOP – January 2021
• Brent System – ICOP – January 2021
• Cormorant Alpha – ICOP – January 2021
• Eider – ICOP – January 2021
• North Cormorant – ICOP – January 2021

TAQA Bratani Limited and TAQA Bratani LNS Limited – Compliance with the Modern Slavery Act 2015 – 2021 Statement

This statement is made pursuant to Section 54, Part 6 of the Modern Slavery Act 2015 (“the Act”) and sets out the steps that TAQA Bratani Limited and TAQA Bratani LNS Limited (together referred to as “TAQA”) has taken and will continue to take to ensure that it complies with the Act, to ensure that slavery and human trafficking is not taking place in any part of its supply chain or business.

At TAQA, transparency, honesty and integrity are the principles on which we base our business and as such we support the purpose of the Act. We are committed to taking a proactive and zero tolerance approach to slavery and human trafficking and to implementing actions to eradicate any such activity or the potential for such activity within our supply chain and general business.

Operating UK offshore assets with an extensive supply chain containing a wide range of suppliers and contractors within the United Kingdom and worldwide, we believe that our compliance with the Act is best derived from tight control and monitoring of our supply chain activity. Therefore, the actions we have implemented are in the following key areas:

Policies and Procedures

TAQA complies with its Code of Business Ethics Group Policy which ensures, amongst other things, that:

• TAQA and its people comply with all applicable laws throughout the world;
• TAQA acts with integrity as a local and global citizen with a commitment to a multi-cultural and open work environment. This ensures that every person is committed to being a good local and global citizen, with the countries and communities in which TAQA operates benefitting from our presence through the wealth and jobs created, the skills developed within the local population and the investment of our time and money in people;
• TAQA is committed to preserving and enhancing diversity within the organisation. It values and respects the differences of its diverse people from around the world and their varied culture;
• TAQA stands against autocracy, promotes an open and active exchange of views, criticisms and ideas and practices an open door policy. Human resource policies and activities of TAQA contribute to creating a workplace where every individual has the opportunity for professional and personal growth.

 

TAQA’s supply chain processes include provisions in relation to slavery and human trafficking such that any risks are identified at the contractor evaluation stage prior to award of any contract; including TAQA’s zero tolerance approach to slavery and human trafficking and a reinforcement of the importance of proactive monitoring to that end.  Whistleblowing shall also be encouraged and the process for dealing with violations shall be highlighted.

Training

TAQA’s Legal Department has provided relevant personnel in the Supply Chain team with training on the topic to promote awareness. Modern Slavery assessments are an important area of TAQA’s tender process and the personnel in the Supply Chain team are responsible for carrying these out.

Supplier and Contractor Liaison

TAQA is committed to upholding ongoing liaison on the topic of Modern Slavery with its many supply chain suppliers and contractors. TAQA ensures that its suppliers and contractors are aware of TAQA’s expectations when working for TAQA under a supply chain contract.

Pre-qualification

Prior to any contract award, TAQA’s Supply Chain team undertakes an assessment to ensure that prospective suppliers and contractors comply with modern slavery legislation. TAQA is committed to using the industry led Achilles First Point Assessment system (FPAL) as a tool to assist in this process. The updated Corporate Social Responsibility Questionnaire created by Achilles includes Modern Slavery compliance requirements which TAQA support. Furthermore, TAQA periodically reviews the system it uses for assessing suppliers to ensure it has the most suitable system in place. Suppliers and contractors who fail to conform to the requirements set out in the questionnaire shall not be included in TAQA’s selection process.

Ongoing Monitoring and Violations

TAQA utilises its extensive knowledge of the industry’s supply chain market and a risk-based approach to monitor compliance to ensure continued compliance with the Act by suppliers and shall liaise with the relevant authorities in the case of any violations identified. TAQA is dedicated to ensuring that our business and supply chain is free from any kind of modern slavery, therefore violations shall be approached with the utmost seriousness.

Whistleblowing

TAQA has a Speaking Up Policy encouraging personnel to come forward and report anything that causes them concern. Under the Speaking Up any TAQA employee or contractor is invited to report any unethical, illegal or fraudulent activity to his or her immediate manager, a senior executive officer of the Company or to the Chairman of the Audit Committee. Alternatively, a report can be made through TAQA’s Ethics & Compliance Helpline, using the dedicated website.

Contractual provisions

TAQA’s Supply Chain contracts include a specific modern slavery clause, to directly address our expectations with our suppliers and contractors. We also include a robust business ethics clause and supporting appendix in every supply chain contract which thoroughly details the basis on which TAQA conducts business, and highlights to contracting parties the expectations we place on them. In any situation where TAQA has reason to believe that these obligations have been breached, we reserve the right to terminate the particular contracts. This would be done as a matter of policy, following any infraction, simultaneous to making a report to the authorities.

Further information and questions

Any requests for further information or questions should be directed to TAQA’s Legal Department at TAQA Bratani Limited, TAQA House, Prime Four Business Park, Kingswells, Aberdeen, AB15 8PU, United Kingdom.

Statement updated June 2021.

Approved by the UK Board of Directors on 28 June 2021.

Signed by: Sandy Hutchison Director – TAQA Bratani Limited and TAQA Bratani LNS Limited

Year ended 31 December 2020

Published in accordance with paragraph 19 of Schedule 19 Finance Act 2016 for TAQA Bratani Ltd and TAQA Bratani LNS Ltd

TAQA pursues a Tax Policy that is principled, transparent and sustainable in the long term

Tax planning

We engage in efficient tax planning that supports our business and reflects commercial and economic activity. We do not engage in artificial or aggressive tax arrangements. We adhere to relevant tax law and we seek to minimize the risk of uncertainty or disputes.

We conduct transactions between TAQA group companies on an arm’s-length basis and in accordance with current OECD principles.

Tax incentives and exemptions are sometimes implemented by the UK Government in order to support investment, employment and economic development. Where they exist we seek to apply them in the manner intended.

Relationships with Governments

We seek to build and sustain relationships with the UK fiscal authority that are constructive and based on mutual respect. We work collaboratively wherever possible with fiscal authorities to resolve disputes and to achieve early agreement and certainty.

We engage with the UK Government on the development of tax laws either directly or through trade associations and other similar bodies as appropriate

Transparency

TAQA operates in an open, transparent and collaborative basis with the Tax Authority.

Tax risk management

Our tax affairs are in the main prepared by a) our in-house tax team and b) external professional advisers. We undertake management reviews of all our tax affairs as part of our internal control processes. We identify, assess and manage tax risks and account for them appropriately. We implement risk management measures including controls over compliance processes and monitor their effectiveness.

We have a dedicated tax team to attend to our UK tax affairs, who are mandated to seek / utilise external professional advisors for technical matters and tax compliance. The tax team reports on a weekly basis to the Finance Director on how tax risks are managed, monitored and assured and on improvements that are being made. In this way the Finance Director provides governance and oversight of tax risks.

The Finance Director is ultimately responsible for UK taxes, and sits on TAQA’s Senior Management Team. The Finance director updates TAQA’s senior management team on an ongoing basis on our tax affairs.

TAQA is committed to complying with tax laws in a responsible manner and to having open and constructive relationships with tax authorities. TAQA engages in initiatives to simplify and improve the UK tax regime to encourage investment and economic growth.

Governance

The Finance Director reviews and approves the Policy and is ultimately responsible for TAQA’s tax affairs.

The Finance Director sits on TAQA’s Senior Management Team, who support the Tax policy.

Whilst the ownership of TAQA’s tax affairs and the management of tax risk, resides with the Finance Director, the day to day operational control is delegated to TAQA’s Tax Manager.

The Tax Manager reports to the Finance Director and liaises with the Finance Director on a daily / weekly basis.

The Tax Manager implements our day to day approach to tax which is ultimately approved by the Finance Director.

The Tax Manager is responsible for ensuring that policies and procedures that support the approach are in place, maintained and used consistently within our UK business, and that the tax team has the skills, experience and resource to implement the approach appropriately.

Year ended 31 December 2020

Published in accordance with paragraph 19 of Schedule 19 Finance Act 2016 for CMS Generation UK Operating Private Limited (CMS)

CMS is a wholly owned subsidiary of Abu Dhabi National Energy Company PJSC (TAQA). TAQA pursues a tax strategy that is principled, transparent and sustainable in the long term.

Tax planning

We engage in efficient tax planning that supports our business and reflects commercial and economic activity. We do not engage in artificial or aggressive tax arrangements. We adhere to relevant tax law and we seek to minimize the risk of uncertainty or disputes.

We conduct transactions between TAQA group companies on an arm’s-length basis and in accordance with current OECD principles.

Tax incentives and exemptions are sometimes implemented by the UK Government in order to support investment, employment and economic development. Where they exist we seek to apply them in the manner intended.

Relationships with Governments

We seek to build and sustain relationships with the UK fiscal authority that are constructive and based on mutual respect. We work collaboratively wherever possible with fiscal authorities to resolve disputes and to achieve early agreement and certainty.

We engage with the UK Government on the development of tax laws either directly or through trade associations and other similar bodies as appropriate

Transparency

TAQA operates in an open, transparent and collaborative basis with the Tax Authority.

Tax risk management

Our tax affairs are in the main prepared by a) our in-house Finance team and b) external professional advisers. We undertake management reviews of all our tax affairs as part of our internal control processes. We identify, assess and manage tax risks and account for them appropriately. We implement risk management measures including controls over compliance processes and monitor their effectiveness.

We have a Finance team that attends to the CMS UK tax affairs. This team makes use of certain tax professionals within the wider TAQA group and are mandated to seek / utilise external professional advisors for technical matters and tax compliance. The Finance team reports on a regular basis to the Chief Financial Officer (CFO) and the Global Head of Tax on how tax risks are managed, monitored and assured and on improvements that are being made. In this way, the Global Head of Tax provides governance and oversight of tax risks.

The CFO, with the support of the Global Head of Tax, is ultimately responsible for UK taxes, and sits on the Board of Directors for CMS. The CFO updates the Board of Directors for CMS on an ongoing basis on our tax affairs.

TAQA is committed to complying with tax laws in a responsible manner and to having open and constructive relationships with tax authorities. TAQA engages in initiatives to simplify and improve the UK tax regime to encourage investment and economic growth.

Governance

The CFO, with the support of the Global Head of Tax, reviews and approves the Tax Strategy and is ultimately responsible for the tax affairs of CMS.
The CFO sits on the Board of Directors for the company, who support the Tax Strategy.

Whilst the ownership of TAQA’s tax affairs and the management of tax risk, resides with the CFO, the day-to-day operational control is delegated to the Global Head of Tax and the Group Finance Manager.

The Global Head of Tax reports to the CFO and liaises with the CFO on a regular basis.

The Global Head of Tax implements our day-to-day approach to tax, which is ultimately approved by the CFO.

The Global Head of Tax is responsible for ensuring that policies and procedures that support the approach are in place, maintained and used consistently within our UK business, and that the Finance team has the skills, experience and resource to implement the approach appropriately.

Gender pay gap legislation is a government initiative to ensure everyone is given a fair opportunity to succeed, regardless of their gender. In accordance with UK government regulation and as an employer of more than 250 staff in the UK, TAQA has published its annual gender pay gap for the period to April 2023.
TAQA UK Gender Pay Gap Report 2023

The General Data Protection Regulation (GDPR) came into effect in May 2018. In the United Kingdom we have reviewed our business practices to ensure we are acting in accordance with this new legislation and have implemented new infrastructure that support our day to day dealings.

Click here to view our Privacy Notice.

If you supply goods or services to TAQA via a Supply Chain Contract, click here to view our Contractor Privacy Notice.

As part of our statutory accounting process, we have documented details on how the UK directors have had regard to the matters set out in section 172(1) under the Companies Act 2006.  In line with our statutory financial statements filed for TAQA in the UK, this statement relates to the year ended 31 December 2019.

 

Click here to view the statement.