Communication on Progress

Communication on Progress

Participant
Published
  • 05-Sep-2012
Time period
  • September 2011  –  September 2012
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • 5th September 2012

    To our stakeholders

    I am pleased to confirm that Microcast Private Limited reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

    In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

    Sincerely yours,

    
Lim Meng Siang
    Managing Director

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • Microcast respects human rights and adheres strictly to the Laws of the Republic of Singapore under the Employment Act and the statutory requirements from the Ministry of Manpower to ensure Workplace Safety and Health and which also encompass Human Rights Protections to all empoyees,

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • Microcast issue a written Contract of Service to each employee, prior to the commencement of employment and we do have a written Employees' Handbook to serve as an explanatory guide that covers the defination to each individual rights e.g. stipulated work hours/annual leave etc.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Microcast does not have any measurement of outcomes but we are statutory obliged to adhere to the Laws of the Republic of SIngapore. The management of Microcast does a periodic reviews and any changes shall be communicated to each employee and reflected on the Employees' Handbook.

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • All employees of Microcast are issued with a Contract of Service and we have a Employees' Handbook that serves as a guide to each individual employee rights and responsibilities.and which also covers the compensation and benefits.

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • Each employee of Microcast can refer to the Employees' Handbook for information on labour rights and policies and they can also refer to the Employment Act, under the Laws of Republic of SIngapore.
    The management of Microcast performs periodic reviews based on feedback from the Risk Management Team, to ensure Health and Safety are rightfully maintained at workplace.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Microcast performs appraisal for each employee every six months and the results of the appraisal will be reviewed through with the employee by their respective head of department. The appraisal shall be forwarded to the General Manager for his final review on the appraisal.

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • Microcast is statutory obliged to adhere to the Laws of Republic of SIngapore, relating to environmental controls under the Ministry of Environment.
    .

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • We have in-house policies towards Reduce/Re-Use and Recycle program.
    Our 5S team conducts spot check on a monthly basis with environmental protection been part of the check list while the Cross Function Team conducts weekly operational performance reviews and executes action plan to improve the performance in various aspects of operation e.g. efficiency of our machinery.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • We monitors the usage of water and electricity consumption on a monthly basis with each head of department to ensure awareness on the need to maintain efficient consumption.
    Scrap material are also monitored in relation to total raw material usage.
    We are subjected to frequent spot checks by the officers from the Ministry of Environment and of which we have not been subjected to any prosecution from the authorities.

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • Microcast supports UN Convention Against Corruption and we will not tolerate any such misconducts/practices relating to corruption,bribery or extortion, whether within or outside our organisation.

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • We have in-house policies to prevent such acts by ensuring that no single individual is either allowed to make decision on purchasing matters or accepting token of appreciation.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • Microcast has not encountered any incidents relating to corruption/bribery and extortion.
    We have monthly reviews involving head of department and senior management to review on the past month expenditures, chaired by the Finance Head of Department.
    We are statutory obliged to submit our accounting reports to external auditors in line with the Company Act, under the Laws of the Republic of SIngapore.