Communication on Progress

Communication on Progress

Participant
Published
  • 08-Dec-2016
Time period
  • December 2015  –  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.

  • Dear Your Excellency,

    I am pleased to confirm that Diamond Mercury Group of Companies 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,
    Sein Lwin,
    Chairman,
    Diamond Mercury Group of Companies (DAMCO)
    Yangon, Myanmar

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.

  • We are able to maintain this goal 100% at all time due to the company principles we have put in place when we established the company. Human rights abuse is zero tolerance at DAMCO. We are in compliance with both local and international human rights laws. DAMCO had already drawn up plans to assist in Company's employees on education, social and economic interests according to their ranks and positions.

  • Implementation

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

  • Management has already established policy to make instant and constructive engagement to association/anybody to solve the matters. All departments under the company had appointed Managers who possessed experience on Human Rights Laws and Regulations and are also allowed to put up all requirements deemed necessary for the Department. All DAMCO's employees are allowed to enjoy Government Leave Rules and Regulations.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • There is no complaints from any body against DAMCO/NRDC to MHRC. Closely monitored by the Management of DAMCO.

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.

  • DAMCO had issued denial of discrimination of labour and also asked to utilize rights and privileges for the Welfare of labour employed by DAMCO and the Welfare Fund has been provided and disbursed whenever occasion arises.

  • Implementation

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

  • Any cash requirement as presented by labourers is also granted by a special fund of DAMCO depending on the reasons put up by labourers without any interest levied as a loan. This loan is also recouped by appropriate installments approved by DAMCO. DAMCO's staff including labourers' affairs on religion, health and family care are also taken care of whenever necessary.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Management of DAMCO is closely watched and monitored for the outcome and hopefully it would meet to a favourable stage as set out by the International Standards.

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.

  • Due to current technological limitations in placed by Myanmar municipal authorities in areas such as waste disposal and processing methods, we are not able to succeed as much as we would like to in this area but our nature of daily business operations are very minimal or none impact to the environment around us. Myanmar will need huge amount of help from foreign countries in waste management technologies to attain a higher percentage.

  • Implementation

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

  • We recycle everything we can and encourage our employees to reuse when possible.

  • Measurement of outcomes

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

  • We do annual recycling competition with other sister companies and reward the winning company employes with an extra vacation day.

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.

  • It’s still almost impossible to do business in Myanmar without bribing to officials due to lack of sufficient income among government employees but we discourage our employees to participate in any kind of corruption activity. We are now changing this policy in the new government. Although Myanmar has been named as the most corrupted Country in the UN's list, DAMCO has never encouraged corruption and her aim is always to become a corruption free company.

  • Implementation

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

  • Clearly written company policy to avoid corruption and termination procedure for corruption. We avoid dealing with companies known for bribery and corruption. We were at serial 227 out of Top 1000 Taxpayers Company for 2013-14 Assessment Year in our country.

  • Measurement of outcomes

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

  • Senior management takes corruption very seriously and avoid at all cost. Monitoring for anti-corruption drive would have to carry on for years to come. It is the policy of DAMCO.