Communication on Progress

Communication on Progress

Participant
Published
  • 08-Jan-2016
Time period
  • January 2016  –  December 2016
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.

  • No answer provided.
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.

  • No answer provided.
  • Implementation

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

  • No answer provided.
  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • No answer provided.
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.

  • No answer provided.
  • Implementation

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

  • No answer provided.
  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • No answer provided.
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.

  • No answer provided.
  • Implementation

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

  • No answer provided.
  • Measurement of outcomes

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

  • No answer provided.
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.

  • We recognize that corporate governance is not just a competitive advantage, but also an added value worth capitalizing on.
    our commitment to better serve all environments with highest ethical standards goes beyond the rules and regulations set by official bodies, and aims at embedding the actual implementation of good practices into the core of our daily operations, while working against any form of unprincipled behavior including corruption, extortion and bribery.

  • Implementation

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

  • We train and our employees are encouraged to report their concerns internally and to an independent authority from
    their immediate supervisors in an anonymous manner through the call center. The Fraud Policy and Code of Conduct
    clearly outlines the detailed procedures for corporate whistle blowing, which further establishes an ethical confidence
    and duty in employees whereby failure to report incidents and misconducts can result in the loss of profits, promotions,
    bonuses and even their jobs.

  • Measurement of outcomes

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

  • We are committed in our goal to continuously develop our Corporate Governance practices, while stressing the importance of maintaining a culture of honesty and high ethics by setting several mechanisms that further strengthen our governance structure. Our human resource policy measures taken to further support the revision or adjustment of any existing regulations to lessen the risks and incidents.

    Widen incident reporting platforms for employees by making available a “Complaint Log” on the internal shared
    network to be filled out and sent via email anonymously.

    Evaluate the adequacy of existing policies and procedures along with their application through a survey circulated
    once every two years. Also, necessary measures and controls will be taken to assess awareness and to provide
    improvement when needed.