Communication on Progress

Communication on Progress

Participant
Published
  • 24-Jul-2014
Time period
  • July 2013  –  July 2014
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 Mr. Secretary-General,

    We, ITECO Oilfield Supply Group affirm our continued support and adherence to the ten principals of the Untied Nations Global Compact which supports our own core company values of human rights, labour environment and anti corruption.

    As a globally trading company which employs many different nationalities with their own cultures and customs, the UN Global Compact principals help us to provide a fair and equitable policy for all of our staff and key stakeholders.

    Sincerely yours,

    Joanne O'Donnell
    General Manager / COO

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.

  • Written formulated business policy to respect the human rights, which is also available on our homepage.

  • Implementation

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

  • We have begun to implement a code of conduct and disciplinary procedures which has already been implemented in our Middle East and Asia operations. The legal implications of implementing such policies in Europe is under study. Due to the different local laws unfortunately the code of conduct needs to be amended accordingly which is currently under progress. Nonetheless all our employees have committed themselves to this code of conduct already.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • In 2013 we implemented a formal system for performance appraisal and performance feedback. Targets and objectives were also identified for the coming year which were SMART driven.

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.

  • As a matter of procedure internally and when communicating with our clients we give a written undertaking that we will not participate in any form of forced or compulsory labour.

  • Implementation

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

  • In order to ensure fair dealings with our staff our code of conduct also allows for appeal against any decision taken regarding a record of any disciplinary notice.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • All disciplinary matters which enter into the category of a written warning are notified to the employee and the issue is officially recorded in the personnel file. Such matters are also discussed and reviewed at the Management board meeting.

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 implemented a responsible waste management system and recycling policy in 2012.

  • Implementation

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

  • We have a proactive policy of repair and refurbishment of the steel products that we provide to the market. We also scrap pipes beyond repair and sell to merchants who use the scrap steel in other products. We have appointed the Group Logistics Director as the person responsible for this.
    Furthermore we have equipped our offices with smart heating devices in order to reduce pollution resulting out of inappropriate heating.

  • Measurement of outcomes

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

  • Through aforesaid implemented actions we are able to have an impact on overall waste management in our company. Furthermore we were able to reduce needed energy for heating of offices and on top we try to extend the product life cycle by an additional scrap management, which add more value to unused products as those can be recycled.
    Nonetheless there is no opportunity for us to measure e.g. the energy savings specifically but certainly those actions contribute to a sustainable thinking of environmental impact.

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 implemented a written company policy (code of conduct) of zero-tolerance for corruption, bribery and extortion. It includes also a protocol to guide staff in situations where they are confronted with extortion or bribery.

  • Implementation

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

  • We have now implemented a procedure into all of our third party agency agreements which states that our partners will not engage in any form of corruption or extortion.
    Furthermore we have set up a suggestion box for any such matters.

  • Measurement of outcomes

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

  • Internal audits to ensure consistency with anti-corruption commitment, including periodic review by senior management