Communication on Progress

Participant

Published

Time period

Format

Differentiation 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.
26th September 2014

To our stakeholders:

I am pleased to confirm that SEIN NAN DAW DIAMONDS & FINE JEWELLERY 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,

 YIN YIN HMWE
Managing Director

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.
Sein Nan Daw support and respect the protection of internationally proclaimed human rights and we are not complicit in any human rights abuses.

Implementation
Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.
Sein Nan Daw trains our employees monthly on human rights issues and the human resource policies are discussed with new employees coming into our companies.

Measurement of outcomes
Description of how the company monitors and evaluates performance.
There have been no incidents of human rights violations. To ensure this, the company has periodic review of results by our HR manager.

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.
Sein Nan Daw upholds the freedom of association and the effective recognition of the rights to collective bargaining. Sein Nan Daw strongly believes in the elimination of all forms of forced and compulsory labor, the effective abolition of child labor and the elimination of discrimination in respect of employment and occupation.

Sein Nan Daw clearly communicates with its employees in regard to written policies that clearly state their 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.
Sein Nan Daw has implemented concrete actions to implement labor policies, reduce labor risks and respond to labor violations. There is a monthly awareness training for employees about labor rights and policies. There is also a regular consultation with our stakeholders about labor policies.

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.
Sein Nan Daw strongly supports a precautionary approach to environmental challenges and undertake initiatives to promote greater environmental responsibility and encourage the development and diffusion of environmentally friendly technologies.

Implementation
Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.
Sein Nan Daw implements a monthly training of our employees on environmental protection. In order to reduce waste materials, we have created waste bins for recyclable products (especially paper). Sein Nan Daw also urges its stakeholders and business partners to be environmentally responsible and to adhere to environmental principles.

Measurement of outcomes
Description of how the company monitors and evaluates environmental performance.
There have been no incidents of violation of environmental principles.

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.
Sein Nan Daw highly condemns corruption and believes that businesses must work against corruption in all its forms, including extortion and bribery.

Implementation
Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.
There is a routine training of employees about company's policies regarding anti-corruption and extortion.

Measurement of outcomes
Description of how the company monitors and evaluates anti-corruption performance.
Internal audits of Sein Nan Daw ensure consistency with anti-corruption commitment, including periodic review by senior management. There have been no reported incidents of corruption and bribery.