Page 111 - Vaculug Sustainable Report 2022

6.OUR STATEMENT
ON SOCIAL RESPONSIBILITY
6.1 Our focus is to deepen relationships with our
key stakeholders by investing in our employees
and partnering with our customers, communities, investors and suppliers. 6.2 We are committed to engage with our employees to provide a challenging, dynamic, inclusive and diverse work environment that supports their professional development, as well as promoting a good work-life balance that prioritises their overall health and wellness.
6.3 We will support initiatives that benefit the environment, human welfare and education. This includes skills training that advance workforce talent pipelines for our customers and economic development in the communities in which we operate.
6.4 We will engage suppliers, customers and employees around safety, health, and wellness.
6.5 We will preserve and promote the protection of human rights and welfare within our own business activities, as well as those of our supply chain, in accordance with our Code of Ethics and the Modern Slavery and Human Trafficking Policy.
7.OUR STATEMENT
ON ETHICAL GOVERNANCE
7.1 Our focus is to promote strong oversight, transparency and risk management at all levels of our organisation, ensuring resilience and long-term preservation of value for our business.
7.2 We will maintain strong corporate governance practices through exemplary board stewardship, management accountability, and proactive risk management.
7.3 We will mitigate risk exposure and build the resilience of our business to climate change and other catastrophic events through smart design and sighting.
7.4 We are committed to high ethical standards through a strong Code of Ethics, ongoing ethics training, and executive leadership that promotes a culture of integrity.
7.5 We cultivate strong stakeholder relationships through transparency, open communications, and responding to stakeholder input.
7.6 We establish clear and effective governance for ESG, set goals and establish accountability. This is set through our ESG committee and reported to our board.
8.OUR BUSINESS AND ESG
8.1 ESG is about assessing that net positive impact in the world, and taking concerted, defined and measurable action to improve it. Our value rests in our employees, our communities,
and the wider world. Therefore, ESG forms a fundamental part of how our business lives our values in the real world.
8.2 The ethical and practical values that make up the different parts of ESG have always been at the heart of what we as a company stand for. With the growth of ESG and the increased awareness of these factors among our key stakeholders, we have a better opportunity to tell the story of how our business makes a positive impact in the world.
8.3 The drive to assess a broader range of factors
in a holistic manner, from environmental and climate change considerations to the social issues and
how we invest in our people, to the structure of our business and always reaching for better governance, means we can tell our story better. We welcome opportunities to highlight the positive impact we have on the world.
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