Communication on Progress

Communication on Progress

Participant
Published
  • 20-Feb-2021
Time period
  • February 2020  –  February 2021
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.

  • 20 February 2021

    To our stakeholders:

    I am pleased to confirm that Banka BioLoo 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 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.

  • We support the Universal Declaration of Human Rights or other international standards.

  • Implementation

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

  • We have implemented suggestion box for all employees at work sites.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • No answer provided.
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.

  • Our company has policies that uphold the freedom of association and collective bargaining and the elimination of forced labour, child labour and employment discrimination, as well as policies that clearly state 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.

  • We have suggestion boxes.
    Company conducts awareness raising and training for employees on labour rights and policies.
    Health and safety of all employees is ensured by proper work hours, provision of eating areas, water, sanitation and hygiene (WaSH).
    Company follows policy of equal pay for equal work, irrespective of gender, race, caste, and other backgrounds.
    Our human resource policies and procedures support the Labour principles, and we follow all norms and laws.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • No answer provided.
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.

  • Company has written policy on environmental issues, including prevention and management of environmental risks.

  • Implementation

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

  • Awareness raising or training of employees on environmental protection is undertaken.
    Initiatives and programmes to reduce waste materials (e.g. recycling) and consumption of resources (energy, fossil fuels, water, electricity, paper, packaging, etc.) are a part of daily operations.
    Development and diffusion of environmentally-friendly technologies are in place.

  • Measurement of outcomes

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

  • No answer provided.
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.

  • Assessment of risk of corruption and bribery in the company’s industry and country(ies) of operation is undertaken.
    There is a written company policy on zero-tolerance for corruption, bribery and extortion.
    There are protocols 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.

  • Suggestion boxes are prevalent.
    Awareness raising or training of employees about the company's policies regarding anti-corruption and extortion through internal communication is undertaken.
    Participation in industry initiative or other collective action on anti-corruption is done.

  • Measurement of outcomes

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

  • No answer provided.