Communication on Progress

Communication on Progress

Participant
Published
  • 24-Feb-2020
Time period
  • February 2019  –  February 2020
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.

  • 24 February 2020

    To our stakeholders:

    I am pleased to confirm that Banka BioLoo 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,
    Sanjay Banka
    Chairman

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.

  • Banka BioLoo supports the Universal Declaration of Human Rights.

  • Implementation

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

  • We conduct awareness raising and training sessions of employees on Human Rights.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • We have not had any incident of Human Rights violation.

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 provide government mandated wages and other benefits as per company norms.

  • Implementation

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

  • We ensure health and safety of all employees through stated policies and norms.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • The company has a diverse workforce across all cadres.

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.

  • Banka BioLoo has policies on environmental governance, and follows them.

  • Implementation

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

  • Employees are trained on environmental protection, and company provides environmentally-friendly technologies.

  • Measurement of outcomes

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

  • The senior management reviews and takes action, as deemed fit.

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.

  • Banka BioLoo supports the UN Convention Against Corruption and other international instruments.

  • Implementation

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

  • Employees have grievance redressal mechanisms, and can talk directly to the Board members.

  • Measurement of outcomes

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

  • Company undertakes periodic review by senior management.