Communication on Progress

Communication on Progress

Participant
Published
  • 09-Jun-2022
Time period
  • June 2021  –  June 2022
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.

  • 08 June 2022

    To our stakeholders:

    I am pleased to confirm that National Bank of Commerce 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,

    Msafiri Shayo
    Chief of Staff & Strategy

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.

  • Our policies especially Human Resources Policy clearly stipulates on ethics and code of conduct that governs our staff.

  • Implementation

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

  • The below are some of the areas that demonstrate how we implement:

    - We have Suggestion boxes across the organization, there is a call center where any grievances are channeled through our HR. NBC has a very effective grievance mechanism. Proper training is also conducted to those that sit in the grievance committees.
    - Our Human resource policies and procedures support Human Rights

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • We have periodic reviews and any cases identified are reported to the country management committee / Executive Committee and Board.

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.

  • NBC has written policies that clearly state employee rights and responsibilities and their compensation and benefits

  • Implementation

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

  • The below are some of the areas that demonstrate how we implement:

    - We have Suggestion boxes across the organization, there is a call center where any grievances are channeled through our HR
    - Our Human resource policies and procedures support Labour principles

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • We have periodic reviews and any cases identified are reported to the country management committee / Executive Committee and Board.

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.

  • NBC has written policies on environmental issues, including prevention and management of environmental risks

  • Implementation

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

  • NBC has an Environmental & Sustainability Management System in place

  • Measurement of outcomes

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

  • We have periodic reporting to Management and Board

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.

  • NBC has written company policy of zero-tolerance for corruption, bribery and extortion

  • Implementation

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

  • The below are some of the areas that demonstrate how we implement:

    - We have Suggestion boxes across the organization, there is a call center where any grievances can be report for further investigations

  • Measurement of outcomes

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

  • Reported cases are usually investigated and findings and recommendations shared with management