Communication on Progress

Communication on Progress

Participant
Published
  • 13-Jul-2022
Time period
  • January 2021  –  December 2021
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.

  • Statement of continued support

    July 13, 2022

    To our stakeholders:

    I am pleased to confirm that Noul Co., Ltd. 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,

    David Lim
    
CEO

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.

  • Human and Labor Rights: Establishing systems and a corporate culture that respect human rights and embrace diversity

  • Implementation

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

  • Creating and operating a grievance mechanism
    Our efforts to increase sensitivity to human rights including
    1) Create a culture for our team that promotes open discussions on diversity and other relevant topics
    2) Legally mandatory training each year on the prevention of sexual harassment in the workplace and on improving perceptions regarding disability

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Developed sustainability performance metrics and conducted a self-assessment

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.

  • Human and Labor Rights: Establishing systems and a corporate culture that respect human rights and embrace diversity

  • Implementation

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

  • Creating and operating a grievance mechanism
    Our efforts to increase sensitivity to human rights including,
    1) Create a culture for our team that promotes open discussions on diversity and other relevant topics
    2) Legally mandatory training each year on the prevention of sexual harassment in the workplace and on improving perceptions regarding disability

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Developed sustainability performance metrics and conducted a self-assessment

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.

  • Action on the Environment and Climate Change: Initiating our activity to independently measure GHG emissions and pursue the green transition

  • Implementation

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

  • Conducting pilot measurements for both Scope 1 and Scope 2 emissions
    Introducing FSC-certified packaging to mitigate environmental impact
    Opening Sustainability 101 as mandatory sustainability training for members

  • Measurement of outcomes

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

  • Developed sustainability performance metrics and conducted a self-assessment

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.

  • Corporate Governance: Establishment of transparent decision-making and internal control systems

  • Implementation

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

  • Appointing outside directors to elevate management expertise and independence and ensuring diversity
    Developing and strengthening internal/external controls
    Auditing Board operations through a professional auditor
    Conducting external audits through a designated auditor

  • Measurement of outcomes

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

  • Developed sustainability performance metrics and conducted a self-assessment