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.
Slovenia is a signatory to the Convention on Human Rights and has implemented the provisions of the Convention into domestic law. Therefore, the Slovenian legislation provides a high level of human rights, which are also reflected in employment law, which is mandatory for all companies in Slovenia. According to these principles of law also Iskraemeco d.d. works.
We also have Health and Safety risk-assessment for every work place in the company, the document is basics for continues improvement (assessment, policy and goals).

Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.
In Slovenia is very high level of respect for human rights and this is a matter of course. Therefore, there is no need for special tools for communication and awareness of employees about it.

Description of how the company monitors and evaluates performance.
We measure our performance through KPI. They are set for every top-level objective.
TOP LEVEL OPERATIONS OBJECTIVES FY2013
OBJECTIVE 1: PEOPLE (TARGET: ZERO INCIDENTS & ABSENTEEISM OF 4.5%)
METHOD: (How we aim to achieve it)
• Introduce and systemise quarterly 5s audits for all zones
• Communication briefings – 3 months briefings, bi-weekly briefings (Team leaders)
• Introduction of Health and Safety quarterly steering group reviews
• Conclude local team leader/management training (workshop)
• Automation of performance feedback through KPI’s and live data information systems

OBJECTIVE 2: SERVICE (TARGET: ACHIEVE AND SUSTAIN > 85% ONTIME DELIVERY IN FULL AND ZERO ESCAPED DEFECTS)
METHOD: (How we aim to achieve it)
• Develop attrition policy for small orders/unique products
• Continue development of PFMEA team
• Confirm escalation and ‘quick response’ process
• Reduce material lead times through new supply process (Business systems and consignment stock)
• Material Deviation/confirmation process to be improved with single point of contact within Supply Chain
• Reduction of process lead times for system meters by 20% through Lean activities
• Implementation of new claim and repair process for returned meters

OBJECTIVE 3: PROCESS (TARGET: ACHIEVE 95% Right First Time Pass, 95% Reliability and 95% Productivity)
METHOD: (How we aim to achieve it)
• Introduce local shop floor training and competence matrix for shop floor (Soldering, ESD, Component Recognition)
• Implementation of automatic Shop Floor Data Collection system to confirm process performance
• PFMEA audit schedule and reporting process
• Introduce local maintenance (Total Productive Maintenance)
• Roll out audit plans for whole company and corrective action follow up process
• Clarify criteria for outgoing inspection for supplier and incoming inspection for IE
• SM List/NCS/change control process clarification and improvement proposal
• Transmission of resource from Induction to Electronic Production

OBJECTIVE 4: FINANCE (TARGET: 100% ACHIEVE BUSINESS PLAN)
METHOD: (How we aim to achieve it),
• Raw material nventory levels not to exceed 8M
• Electronic Work In Progress reduction of 10%
• Opex control, zero overspend (synchronised with demand)– All Managers (monthly)
• Standard Time Improvement of 5% (EM current)
• Reduced cost of Process none quality by 20%
• Reduced cost of Supply Chain none quality by 20%

OBJECTIVE 5: INNOVATION (TARGET: > Improvements to Service, Quality and Process (Additional to business plan))
METHOD: (How we aim to achieve it)
• Promotion of local suggestion scheme
• Implementation of local team improvement activities (Kaizen)
• Packaging standardisation
• Packaging variance reduction/improvement
• Positive purchase price variance of 3% against planned spend
• Implementation of new Quality System (Company wide)

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.
Iskraemeco respects workers' rights. The company has organized a trade union and workers council. The company has a corporate collective agreement, which guarantees workers' rights at a higher level, than determined by the Slovenian labor law.
Our goal is to create a positive relationship between company and trade unions, and the mutual communication is present in all-important matters relating to workers' rights.

Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.
Slovenian labor law is protecting the rights of workers. The labor inspectorate that is a government agency examines violation of the rights of workers. Iskraemeco company has adopted a company collective agreement that even extends those rights. Company respects the labor law and collective agreement; the HR department is responsible for the lawful operation of rights of workers and is directly responsible to the chief executive director.
In 2013, we recorded five accidents at work, one less than in the previous year.
Absence from work due to accidents at work amounted to 120 days, which means 0.04 % of absence was duo to accidents at work.
In 2013, sickness absence amounted to 5.53% of total absence from work, up 0.64% from the year before. (The average sick leave per employee totalled 138 hours or 17 working days.)

Description of how the company monitors and evaluates performance.
Slovenian labor law prohibits employment of persons younger than 15 years. As the company Iskraemeco is high-tech company and employs only persons who have already completed their university education (in the Slovenian legislation, these are people older than 23 years). In the company's past, we have not seen any discrimination based on sex, ethnicity, age, etc., but the company has laid down rules of conduct in the case of mobbing
The quality of our products is based on the total business management system specified in the (ISO 9001:2008 standard). It includes systems ranging from quality management, approach to the environment (ISO 14001 standard), health and safety at work (OHSAS 18001 standard) and security of assets and data.

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.
Our activities, products and services respect and meet the requirements of applicable environmental legislation, regulations and other adopted documents. The company is ISO 14000 certified. The environmental policy is published on internet. Permanent improvements in the field of environmental management are implemented by the integrated management system, by establishing the goal of minimizing negative impacts on the environment and by setting up the programs for their implementation.
Company Iskraemeco in its daily work process tries to protect the environment.

Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.
Slovenian legislation sets minimal standards for environmental protection. The inspectorate that is a government agency examines violation of the environmental protection. Iskraemeco’s mission is to enable utilities and industry to improve performance while lowering environmental impact. Providing metering products and systems that enable electricity management is Iskraemeco’s contribution to sustainability. ISO 14001 is proof of our sound environmental practices.
We foster a more responsible attitude to environmental issues by regular training and raising the staff’s awareness. When planning new products, we take into consideration the entire product life cycle, from its development to appropriate management after expiry of its life span. The volume of waste is reduced by better utilization of raw materials. Only previously, processed residues that cannot be disposed of differently are deposited.

Description of how the company monitors and evaluates environmental performance.
Iskraemeco’s mission is to enable utilities and industry to improve performance while lowering environmental impact. Providing metering products and systems that enable electricity management is Iskraemeco’s contribution to sustainability. ISO 14001 is proof of our sound environmental practices.
According to ISO 14001 environmental performance is regularly checked and evaluated regarding environmental plans, legislations and other demands by top level management on the basis of the environmental report.

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.
Slovenia is a signatory to anti-corruption clause in the Global Compact and operates by these principles.

Implementation
Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.
For contracts concluded with business partners, we are considering anticorruption clause. If Iskraemeco makes a draft contract this clause is entered into the draft contract. It is true that if business partner prepares the draft contract and this clause is not entered into it, we do specifically require this article.

Description of how the company monitors and evaluates anti-corruption performance.
In the past we have had no problems with anticorruption clause, it has always been respected.