CORPORATE AND SOCIAL RESPONSIBILITY POLICY

A. Introduction

Corporate and Social Responsibility (CSR) is an established management concept whereby businesses recognise and assume responsibility for the impact they have on both society and the environment. It is an approach that holds a company accountable for its actions and encourages it to create a positive impact on the world. The purpose of this CSR Policy is to outline and communicate GESB’s commitment to operating in an ethical and responsible manner with all its stakeholders. 

B. Purpose 

GESB’s policy is to ensure that all operations are carried out in an ethical and responsible manner.  GESB is also committed to implementing and enforcing effective systems and procedures to ensure compliance with all applicable laws and regulations, as well as ethical standards for labour practices and supply chain management.   

C.  Ethical Business Practices 

Environmental Responsibility

GESB aims to protect the natural environment by:

  • Reducing its carbon footprint.

  • Decreasing the amount of greenhouse gas emissions.

  • Actively reusing, reducing and recycling.

  • Eliminating the use of single-use plastics.

  • Replenishing natural resources that might be affected by its operations.

  • Choosing and using environmentally friendly methods in all facets of its operations.

  • Sourcing renewable energy options and being energy-efficient where possible.

Ethical Responsibility

GESB strives to act in a fair and ethical manner by:

  • Treating all customers, clients, employees, and stakeholders, regardless of age, race, culture or sexual orientation, in a fair and respectable manner.

  • Ensuring that its activities and operations do not directly or indirectly violate human rights in any country (e.g. forced labour or child labour).

  • Conducting business with integrity and respect for human rights; and promoting safety and fair dealing and anti-bribery and anti-corruption practices.

  • Providing appropriate salary and employment for employees, based solely on proficiency, expertise and experience.

  • Expressing concerns to investors in a timely and respectful manner.

  • Operating in line with relevant country laws and ensuring operations are legitimate at all levels of operations.

  • Keeping every partnership and collaboration open and transparent.

  • Maintaining the well-being of local and indigenous people that may be affected through operations.

  • Upholding high levels of workplace safety.

Philanthropic Responsibility

GESB contributes to society by:

  • Creating and implementing education programmes.

  • Conducting transactions with other companies that align with this value.

  • Facilitating endeavours for the staff of GESB to become contributing members of society.

  • Fundraising and sponsoring events that will benefit the community.

  • Providing incentives for the public to reduce, recycle and reuse waste.

  • Encouraging all employees to maintain a healthy lifestyle.

Financial Responsibility

GESB will back its environmental, ethical and philanthropic plans by:

  • Recruiting appropriate talent and maintaining a workforce that is diverse.

  • Provide adequate training for all their staff.

  • Providing transparent financial reporting in a timely manner.

  • Conducting internal and external audits where necessary along the supply chain.

  • Reviewing salaries and bonuses of its staff.

  • Continually improving methods and products by investing in research and development.

Reviewing and Assessing

GESB is committed to regularly reviewing and assessing its CSR efforts and practices to ensure operations are carried out in an ethical and responsible manner. This includes setting goals, measuring progress, conducting audits and making adjustments as needed to ensure continued improvement. 

D. Conclusion 

GESB is committed to operating in a sustainable and responsible manner and recognises the importance of CSR in achieving this goal and making the world a better place. Through this CSR Policy, GESB reiterates its commitment to conducting its business ethically, reducing its environmental impact, and supporting the communities in which it operates. GESB is committed to regular reviews and assessments to ensure it continues to make progress and achieve its goals.