Guidelines for Employee

At PSP, we are dedicated to a strategy that we call Everyday Excellence, our back-to-basics approach to becoming the premier company in our industry. It is not just about "what" we want to accomplish, however; the "how" – or the way we accomplish our goals – is equally important. The new PSP has an unwavering commitment to safety perfection, reliability and environmental stewardship and a dedication to the highest standards of ethics, fairness and respect for every employee. In addition, we’re building an organization that expects and rewards high performance. So, the Essential Elements we follow are,

Superior Performance : PSP’s long-term success will be the result of our market and industry leadership. We are committed to winning in the marketplace through Customer Focus, Innovation, Entrepreneurial Spirit and Operational Excellence.

• Unparalleled Customer Focus

• Be the partner of choice

• Deliver exceptional value to our customer

• Innovation

• Drive innovation and creativity in pursuit of superior performance

• Grow profitably

• Entrepreneurial Spirit

• Act as an owner

• Operational Excellence

• Achieve and sustain cost leadership

• Challenge the status quo

• Work with passion and a sense of sincerity

Empowered People : PSP is committed to a culture where employees have the freedom to act with agility and urgency while balancing the need for appropriate process and governance. We will achieve superior business results by embracing diversity and inclusion, and by promoting learning and development, participation, commitment and accountability.

• Freedom and Accountability

• Take responsibility and be accountable

• Plan effectively, then take swift action

• Make decisions based on what is best for the company

• Diversity and Inclusion Promote workforce diversity

• Value the different experiences, traits and perspectives of all employees

• Treat people with respect, honesty and fairness

• Collaborate internally, compete externally

• Growth and Development

• Attract, retain, recognize and reward high-performing people

• Promote employee development as a shared responsibility of individuals and the company

• Use formal and informal dialog to exchange views and ideas, seek and provide feedback, and achieve superior results

• Celebrate success

Social Responsibility : At PSP we are dedicated to the principle that workplace injuries, illnesses and adverse environmental impacts are preventable. We manage our businesses with the highest standards of corporate ethics. We are committed to protecting the environment as well as the health and safety of our employees, contractors, customers and the public.

• Personal and Process Safety Ensure a work environment where nothing is more important than personal and process safety

• Commit to being safe, at and away from work, every day

• Integrity and Ethics

• Be ethical, do the right thing at all times

• Be valued and respected members of the communities in which we operate

• Environmental Responsibility

• Contribute to sustainable prosperity by using energy efficiently, and reducing waste, emissions and discharges

Everyday Excellence is more than just our corporate strategy; it is a statement of our dedication to superior performance. Collectively, we have the opportunity to create history and fulfill the true potential of PSP’s assets, technology and people.

The Diamond Standard, PSP's Code of Business Conduct summarizes many of the ethical principles and policies created to deal with issues such as bribery, political contributions, equal employment opportunity, and environment, health and safety. All of us at PSP, no matter where we happen to live, are expected to apply these principles in the daily performance of our job responsibilities.

The PSP Code of Conduct governs all transactions of the Company and is the basis for our decisions and activities. We have a responsibility to act ethically, with the highest integrity and in full compliance with all applicable laws. Most importantly, our Code outlines our strategy for doing business the right way, every day.

PSP shall achieve prosperity based on solid foundation by placing prime importance on integrity and sound management in the conduct of its business. PSP business interest must always be in harmony with public interest; PSP shall adapt to good times and bad times but will not pursue immoral business.