Governance and Compliance
Argus strives towards the highest possible standards in its business operations.
Argus successfully completed an independent assurance review of its oil price benchmarks in October 2013. View the auditor's report here
. Argus will carry out this review annually and it will be extended to cover all its commodity benchmarks.
Argus uses a market-appropriate methodology to assess prices in the markets it covers. Argus consults with the range of participants involved in different markets and publishes methodologies for each price report on its website.
The latest methodology for each market can be found online.
Consultation and Review
Argus reviews each methodology regularly to ensure that it always meets the needs of market participants and is in line with industry practice. Argus seeks to reflect the way markets are traded, rather than impose its own view.
Editorial Code of Conduct
All Argus journalists operate according to a rigorous editorial code of conduct that aligns with best journalistic practice, including the avoidance of conflicts of interest.
Or download the Editorial Code as a PDF
Compliance and Ethics
Argus operates a rigorous and transparent controls framework to govern its price reporting activities. This is underpinned by its global compliance policy, which can be downloaded below, and which includes an ethics policy and a business continuity plan. The company’s Global Compliance Officer oversees the compliance framework, including a rolling programme of internal audits to ensure compliance with stated methodologies and policies.
Or download the Argus Global Compliance Policy as a PDF
Argus has a formal Complaints’ Handling procedure, which can be found on page 6 of the global compliance policy.
For further information on this policy and any compliance issues, please contact Argus at: email@example.com
Regulatory Responses and the IPRO Code
Argus regularly engages with regulators, governments and other industry bodies to comment on proposed legislatory changes and shed light on energy and commodity markets. Argus responses are published online. Argus, together with two other agencies, Platts and ICIS, has drafted the “IPRO Code”, a set of guidelines and standards for independent price reporting organisations.