Communication on Progress

Communication on Progress

Participant
Published
  • 03-Nov-2022
Time period
  • November 2021  –  November 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.

  • To our stakeholders:
    I am pleased to confirm that Vistra Group Management (Asia) 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 highlight the actions we are taking to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We note that we are at the beginning of our journey with work still to be done. We are committed to making progress year by year.
    We also commit to sharing this information with our stakeholders using our primary channels of communication.

    Sincerely yours,
    Justin Damer
    Chief Strategy, Services and Sustainability Officer

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 have policies and procedures in place to protect workers from workplace harassment, including physical, verbal, sexual or psychological harassment, abuse or threats, and ensure our colleagues are trained regularly to ensure they are aware of their responsibility

  • Implementation

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

  • • We ensure workers are provided safe, suitable and sanitary work facilities

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • • We carry out regular reviews of our operating practises to ensure that the Human Rights of our colleagues and suppliers are not compromised where we have the ability to influence and control such matters

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.

  • • We have numerous policies and processes that dictate the way we operate to ensure that we comply and understand the impacts of Human Rights and Labour Rights amongst all our Stakeholders

  • Implementation

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

  • • We train our colleagues to ensure they have the knowledge and awareness to carry out their role correctly and with integrity
    • We ensure that the company does not participate in any form of forced or bonded labour
    • We comply with minimum wage standards across the group
    • We ensure that employment-related decisions are based on relevant and objective criteria

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • • We have a robust compliance review program that monitors the adherence to these policies and Procedures

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.

  • • We have procedures in place to prevent and address, were they to arise, accidents affecting the environment and human health. These are reviewed on an on-going basis

  • Implementation

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

  • • The risk of significant environmental incident is minimal. We do, however, work to minimise environmental the damage within our offices through initiatives and policies to reduce our waste and energy consumption

  • Measurement of outcomes

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

  • We continually review the way we operate to ensure our Environmental impact is minimized as much as possible.

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 have numerous policies and processes that dictate the way we operate to ensure that we comply and understand the impacts of corruption and the need to prevent it in all aspects of our business dealings.

  • Implementation

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

  • • We continue to assess the risk of corruption when doing business and ensure our policies and controls are maintained up to date
    • We incorporate “anti-corruption” and/or “ethical behaviour” clauses in contracts with business partners
    • We ensure that internal procedures support the company’s anti-corruption commitment
    • We train all our colleagues to ensure they are aware of their responsibilities. This is an annual commitment all colleagues must adhere to

  • Measurement of outcomes

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

  • • We continue to assess the risk of corruption when doing business and ensure our policies and controls are maintained up to date
    • We have a robust compliance review program that monitors the adherence to these policies and Procedures