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Corporate Responsibility

Our Corporate Social Responsibility company policy refers to the company’s responsibility towards its environment. The company’s existence is not lonely; it is part of a much bigger system consisting of people, organisations, values, and nature. Therefore, we want to give back to the world just as it gives to us in many ways. This policy outlines the company’s social responsibility actions.

Scope

This policy applies to the company and its subsidiaries regardless of location. It may also refer to suppliers and partners.

Policy elements

The company wants to be a responsible business that meets the highest standards of professionalism and ethics. It will consider all aspects and interested parties before deciding on its actions. As with all operations and activities they must be fully aligned with the company’s culture and objectives as well as with shareholder’s interests. This does not include any action that is required or prohibited by local or international law.

The company’s actions concerning its social responsibility fall under two categories: compliance and proactiveness. Compliance refers to the company’s commitment to legality and willingness to observe the values of community while conducting its business. Proactiveness is every initiative we may take in order to help the community or natural environment and to promote human rights.

When it comes to compliance the company considers several aspects:

• Legality. The company will adhere to legal guidelines in terms of procedures, fair dealing and safety. Every partnership or collaboration with external parties or organisations will be open and transparent. Corporate value and financial benefits will result only from legitimate business operations and activities. It will always respect the Law including anti-bribery and anti-corruption practices. The company is also committed to always honour its own self-regulatory policies.

• Business ethics. The company will always conduct business with integrity and respect to human rights and justice. It will establish appropriate policies and procedures that indicate several aspects of business ethics such as respect towards the consumer, moral corporate governance, anti-corruption practices etc. The company will observe the values that dominate its surroundings and will comply with the moral expectations of society.

• Protecting the environment. The company recognises the need to protect the natural environment. Despite being a business-oriented organisation, keeping the environment clean and unpolluted is a benefit to all of us. Actions such as the disposal of waste and garbage, use of chemical substances etc. will always be governed by best practices to avoid contamination and pollution.

• Protecting people. The company will ensure all employees and the external community will not be put to risk from health and safety hazards resulting from the company’s actions.

• Human rights. The company is dedicated to protecting human rights. It will remain a committed equal opportunity employer and will incorporate all fair labour practices in employee relations. It will also ensure that its business activities do not directly or indirectly support violations of human rights stipulations in any country (e.g. forced labour).

Proactiveness includes a variety of actions:

• Donations and aid. The company may preserve a budget to make monetary donations. Their purpose will be twofold: they will not only be intended to advance the arts, community events and education but also to alleviate those in need.

• Preserving the environment. Apart from all actions that are dictated by law, the company may be proactive when it comes to protecting the environment. Conserving energy, recycling, and incorporating environment-friendly technologies are some of the activities to which the company will give serious attention.

• Supporting the community. The company may initiate or support several community investment programs. It may begin partnerships with vendors for educational programs etc. It may also provide support and expertise to nonprofit organisations or local and international movements that promote cultural and economic development of global and local communities.

• Learning. The company will actively invest in R&D to discover ways to optimise procedures and the use of resources or material. At the same time, the company will be open to suggestions and will listen carefully to any external or internal ideas. Generally, it will be committed to not only increase its revenues but also change and improve the way it operates.

Our company is committed to the United Nations Global Compact and will readily undertake any action that will promote its identity as a socially aware and responsible business. Management and leadership in the organization must ensure that this policy is communicated at all internal levels. They are also accountable for resolving any issues of corporate social responsibility management.

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