Corporate Social Responsibility Policy

1.0 PURPOSE

Elekstor Limited is strongly committed not just to its shareholders, but also to a wide range of stakeholders including customers, suppliers, employees, creditors, regulators and the community. Taking a proactive approach to corporate social responsibility (“CSR”) is not only a part of Elekstor’s heritage, inherent in the various strands of the company, but it has also become crucial to Elekstor’s business success. CSR is an integral element in maintaining the Elekstor’s position as a responsible business that contributes positively to the development of the communities in which Elekstor Limited operates.

2.0 APPROACH

Elekstor’s recognises the differences in social, economic and environmental needs in each individual market. This Policy outlines Elekstor’s CSR approach and priorities from Elekstor’s perspectives to implement CSR practices across its operations. Business units are required to consider relevant CSR initiatives and programmes based on needs of the place where they operate. This is a core responsibility of each business unit team.

All companies working with Elekstor Limited should request those representing them, such as consultants, agents and independent contractors, to agree to follow the Elekstor’s CSR policy and practices.

Elekstor Limited sees CSR as obligations as well as opportunities. CSR practices are embedded across all operations of Elekstor Limited, and form the bases upon which Elekstor Limited manages its business, its people and outside parties. Elekstor Limited tasks itself to deliver social responsibilities in the following areas:

THE BUSINESS

To achieve the objective of enhancing long-term return for its stakeholders, t Elekstor Limited focuses on sustainable development of its businesses and the communities where it operates.
Across all businesses, Elekstor Limited is committed to complying with all relevant and applicable laws within its operational frameworks.
Elekstor Limited conducts its business with uncompromising integrity. Every member of Elekstor Limited– directors, executives, managers, employees and business partners – has a duty to comply with all applicable laws and adhere to the highest standard of business ethics.
Elekstor Limited operates in a way that safeguards against unfair business practices.
Elekstor Limited strives to achieve a high standard of corporate governance and emphasises a quality board, sound internal control, transparency and accountability to all stakeholders.
Elekstor Limited established a committee to evaluate potential investment decisions. Investment decision takes into account the environment, social and governance (“ESG”) performance of the targeted investment (where applicable). Relevant ESG aspects and performance criteria such as compliance with laws and regulations, labour supply and relations, supply chain and customers environmental and social risks, management capability, integrity and financial management will be assessed and considered as part of the overall investment decision. Continuous monitoring of the ESG performance of Elekstor’s invested business is conducted.

THE PEOPLE

Elekstor’s success through excellence depends on the performance of its employees at every level. The values the Group inculcate in its employees are: candour, courtesy, integrity, an ability to deal with change and respect for humanity, personal dignity and privacy.
Elekstor Limited strictly adheres to non-discriminatory employment practices and procedures. It is also committed to providing a positive work environment that values the wide-ranging perspectives inherent in its diverse workforce and fosters individual growth and achievement of business goals.
Elekstor Limited upholds a high standard of business ethics and personal conduct of its employees. Every employee is required to strictly follow the Elekstor Limited Employee Code of Conduct which covers the professional and ethical standards in conducting business.
Elekstor Limited believes in the benefits of providing a positive work environment where people can grow, it offers a wide range of training and development programs and interest courses and activities.
Elekstor Limited maintains proper systems to ensure internal equity and external competitiveness of staff remuneration and recognition.
Elekstor Limited is committed to providing a safe workplace for all its employees. To this end, Elekstor Limited is to comply with or exceed the applicable health and safety laws and regulations. Safety and health considerations should be integrated in the design, maintenance and operations of Elekstor’s facilities.

THE COMMUNITY

Elekstor Limited undertakes philanthropic efforts as well as community initiatives that are catered to the needs and benefits of the communities where it operates. Focus of the Group’s community initiatives include employee volunteerism, education, medical, health and elderly care, arts and culture, as well as sports and disaster relief.
Elekstor Limited strictly adheres to non-discriminatory employment practices and procedures. It is also committed to providing a positive work environment that values the wide-ranging perspectives inherent in its diverse workforce and fosters individual growth and achievement of business goals.
As a good governance practice, donations and contributions are subject to internal compliance guidelines and controls so as to safeguard stakeholder and shareholder interests.
Elekstor Limited encourages its employees to play a positive and active role in the communities where they live and work, and in cities and towns around the world.

THE ENVIRONMENT

Elekstor Limited is committed to environmental excellence. It is committed to complying with or exceeding the relevant laws and regulations to control any greenhouse gas emission, discharges into water and land, and waste generation. Where applicable, targets are set and regularly reviewed, and results are assessed to ensure the efficiency of the measures to control emissions.
Elekstor Limited implements various initiatives to monitor and manage the use of resources, including energy, water and other raw materials. Operating companies with high consumption of energy, water and/or raw materials should have policies setting out the control measures to accomplish this objective.
The Group is committed to minimising the impact of its business activities on the environment and natural resources. Environmentally-friendly materials, products and processes with potential commercial applications are to be actively adopted, developed and implemented where possible. Support for conservation and environmental protection programmes are encouraged and provided. Efforts will be regularly reviewed to ensure their efficiency.

3.0 CSR REVIEW, REPORTING AND DISCLOSURE

Recognising that stakeholder expectations will evolve, Elekstor Limited regularly reviews its business operations and proactively engages in communication with stakeholders to identify and respond to emerging issues. In tandem, Elekstor Limited regularly reviews the CSR practices and performance and reports to the Board of Directors of the Company. The Group’s CSR performance is reported on an annual basis in the Company’s Sustainability Report.