Social Policy

POLICY FOR CORPORATE SOCIAL RESPONSIBILITY, SUSTAINABILITY & ETHICS

Social Responsibility for WAJUD

For us, the Corporate Social Responsibility (CSR) is a planned set of activities taking into consideration the company’s capabilities, expectations of the communities living in and around the areas of its operation as well as where it has its presence, targeted to have a significant positive impact in long run.

WAJUD® is committed to its obligations in the field of Corporate Social Responsibility (CSR) towards the environment, society, employees, and the labour market. The objective of these practices and initiatives is the strengthening of the corporation’s role as an integral, responsible, influential, and interactive part within the society.

These efforts follow the national trend in the field of social responsibility, which aim to include all corporations of the society both in the public and private sectors, as well as individuals.

We believe that our approach to corporate social responsibility will benefit the larger ecosystem comprising all our stakeholders. Our efforts towards CSR shall help create long-lasting value across the environmental, social, and economic landscapes. We firmly believe that we can fulfill our commitment to our stakeholders only by sustainable growth.

We have always believed sustainable development to be the cornerstone of our business strategy. Our CSR activities are designed to promote sustainable and equitable development to improve the quality of life of people in the communities in and around the geographies we operate in. The focus has been on improving the quality of life amongst people in need, promoting education and making people employable through developing vocational skills and technical capabilities. With new capabilities being acquired by the Company, we acknowledge and understand the need for skilling and up scaling the existing labour force of the states in which we operate.

SAFETY PRINCIPLES & OCCUPATIONAL HEALTH & SAFETY

WAJUD’s Safety and occupational health responsibilities are driven by our commitment to ensure zero harm to people we work with and society at large and are integral to the way we do business.

Safety Principles
Safety is a line management responsibility.
All injuries can be prevented.
Felt concern and care for the employee on “24 hours Safety” shall be demonstrated by Leaders.
Employees shall be trained to work safely.
Working safely shall be condition of employment.
Every job shall be assessed for the risk involved and shall be carried out as per authorized procedures / Checklist /Necessary work permit and using necessary work permit and using necessary personal protective equipment.

We are committed to continual improvement in our S&OH performance.

We shall set objective- targets, develop, implement and maintain management standards and systems, and go beyond compliance of the relevant industry standards, legal and other requirements.

ETHICS

WAJUD® its divisions and businesses (“the Group”) have implemented a Group-wide Ethics Policy and Code of Conduct to highlight the requirement for high standards of business ethics that are critical in our business.

This policy sets out the principles and values that the Group will support and be guided by in the conduct of its business. This policy applies to all employees, and anyone conducting business on behalf of the Group. The Group commits to conducting itself, and expects all employees to conduct themselves, in an honest, ethical manner in all dealings on its behalf and to behave professionally and with integrity and fairness at all times. The Group applies these same standards to all dealings with customers, suppliers, stakeholders, and public officials. These standards also apply to associates or intermediaries of any party involved in company business activities. The Group’s policy is that businesses should compete enthusiastically and fairly in the marketplace and must comply with the relevant competition laws of each country in which it operates.

BRIBERY

No employee may offer, seek, pay or accept a bribe, or other such advantage that may be construed as a bribe, in any form. Any approach from an external party soliciting a bribe or other advantage must be reported to the Company Secretary. Corporate hospitality may only be offered to or accepted from a third party if it is modest in value and in compliance with any applicable law. Company contributions to political parties, organizations or their representatives that are related, either directly or indirectly, to the Group’s business dealings are prohibited. All Group employees must maintain the confidentiality of price sensitive and commercial information and not use such information for their personal gain. Reporting of business performance should be undertaken in such a way that reflects the businesses’ true performance and the risks and opportunities that business may face.

WHISTLEBLOWING

The Group recognizes that it is important that all employees feel confident that they may freely and confidentially voice genuine concerns relating to possible business malpractice or breaches in ethical behavior to the appropriate management level. You are encouraged to make your disclosure to your team leader/manager, or if this matter concerns your team leader/manager, then HR, divisional senior manager or the Company Secretary. However, if you believe it is inappropriate to make your disclosure to an employee of the Company you may speak to the senior independent non-executive director. In such circumstances the Group will respect the confidential nature of any communication and ensure the protection of any individuals acting in good faith from harassment or victimization.

INSIDER TRADING

Insider trading or insider dealing means personally buying or selling stock of any company while in possession of information about the company that is not available to the public and that could affect the share price of that company. Examples include, but are not limited to:

A pending merger or acquisition
A major lawsuit or claim
An earnings announcement
Significant product development

Contact

For more information about our privacy practices, if you have questions, or if you would like to make a complaint, please contact us by e-mail at connect@wajud.com or by mail using the details provided below:

WAJUD FZCO®,

RA08-CB04, N418 Street
Jebel Ali Free Zone,

United Arab Emirates, 263760

The explanations and information provided herein are only general explanations, information and samples. You should not rely on this article as legal advice or as recommendations regarding what you should actually do. We recommend that you seek legal advice to help you understand and to assist you in the creation of your privacy policy.