Communication on Progress

Communication on Progress

Participant
Published
  • 29-Sep-2012
Time period
  • February 2010  –  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.

  • 29 September 2012

    To our partners, business associates and stakeholders,
    I am pleased to confirm that FKO Corporate Services Sdn Bhd ("FKO") 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 partners, business associates and stakeholders using our primary channels of communication.

    Sincerely yours,

    Andrew Bryan Perera
    
Executive 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.

  • FKO unequivocally supports the Universal Declaration of Human Rights in its entirety.
    FKO endeavors to respect Human Rights and prevent potential abuses via ethical and responsible business practices
    All partners, business associates and vendors are urged to adhere to the Global Compact principles on Human Rights
    FKO endeavors to enhance awareness of salient Human Rights issues through training programs

  • Implementation

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

  • FKO will facilitate in-house and external training programs and/or courses to enhance awareness of salient Human Rights issues

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Periodic meetings between employees and management to ascertain enhanced awareness and understanding of Human Rights issues

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.

  • FKO complies to all Malaysian legislations pertaining to Labour
    FKO encourages partners, business associates and stakeholders to adhere to the Global Compact Labour principles

  • Implementation

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

  • FKO's employment policies are underpinned by meritocracy, the wellbeing of all employees and their families, non-discrimination in terms of gender, race and religious dispositions

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Through periodic staff meetings, dialogues and avenues for staff feedback on employment terms and conditions

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.

  • FKO is in strict adherence in respect of:
    1) non-smoking zones for its entire business practices
    2) energy saving measures including minimal use of air-conditioners, lighting and electrical appliances
    3) frequent use of recycle paper only
    4) enhanced use of electronic data storage to minimize the use of hardcopies

  • Implementation

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

  • All measures taken to safeguard the environment are set-out in FKO's policy manual

  • Measurement of outcomes

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

  • Periodic review of results by senior management with regards to the progress and adherence by all employees to uphold Global Compact environmental principles

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.

  • FKO maintains a zero tolerance policy on corrupt practices

  • Implementation

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

  • FKO practices good governance, integrity and whistle blowers are encouraged and safe-guarded
    FKO being corporate secretaries, as defined by the Malaysian Companies Act 1965, has a statutory responsibility to notify the Central Bank and other regulatory bodies of any transactions that maybe of a fraudulent or of a corrupt nature. Appropriate policies are in place to comply with the same

  • Measurement of outcomes

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

  • With regards to third party services, FKO has a statutory requirement to report annually to the Companies Commission of Malaysia on any irregularities, malpractices and non-compliances