Communication on Progress

Participant
Published
  • 27-Sep-2012
Time period
  • September 2011  –  September 2012
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.

  • September 27, 2012
    To our stakeholders:
    I hereby reconfirm the SK CORPORATION support towards Ten Principles of UNGC covering Human Rights, Labour, Environment and Anti-Corruption.
    We at SK Corporation take this as our obligation to carry out our activities in a way that promise a better tomorrow.
    Our whole team is committed to observe the implementation of the principles of Global Compact at all levels across the organization. We have focused to adopt fair & equitable practices at workplace, environment friendly processes and advanced our efforts to support GC principles.
    We understand our social responsibility is an integral part not only for the success & sustainability of the organization but for the whole community we live in.

    Thank You.

    Zia Uddin
    CEO

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 center our business activities on the concept of humanity and strictly support human rights at all level of our business and ensure that neither the organization nor any of our business associates involve in any human rights violation or abuse in any manner.
    In this regard SK Corporation;
    • Monitors, seeks redress for and report on human rights violations, and take steps to prevent any harassment at work place

    • educates its employees and provides additional training to alleviate even the slightest perception of inappropriate behavior

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

  • • manager is expected to exercise vigilance on a day-to-day basis and to ensure that the employees are able to work in a positive atmosphere free from physical or psychological threat, abuse or sexual harassment and to periodically identify and address issues, if any, that are of concern

    • As matter of policy, we do not deal with the company or party with history of human rights abuse

    • Our orientation process includes an explanation of the organization’s expectations of behavior and conduct, to ensure that employees are well aware of our ethical standards from their first day of work

  • Measurement of outcomes
  • Description of how the company monitors and evaluates performance.

  • • Our employees work with a feel of security which have positive impact on their productivity

    • We have been able to work for development of the society as whole and also provide financial support through various NGOs and humanity organizations which are working in social sector, health sector, environment, education and disaster relief

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.

  • SK Corporation believes in Dignity of Labour. HR policies are designed to provide equal opportunities to everyone without any discrimination and do not disadvantage employees potential. All the workers have fair chances to fully utilize and develop their skills & potential. Our policies & practices are based on meritocracy.

  • Implementation
  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • • SK Corporation does not ask employees to submit their original official documentation or to deposit any kind of security as part of their conditions of employment.

    • Employment in our organization is on free willingness of the employees. They are free to terminate the contract of employment anytime by serving the notice of stipulated time period

    • We do not permit the recruitment of child or person under the age of 18 years. We prevent this within organization and supply chain directly or indirectly. Ages of all candidates are confirmed at the time of employment

    • We continued to Support education and vocational work for needy children.

  • Measurement of outcomes
  • Description of how the company monitors and evaluates performance.

  • Success comes through people. When companies are effective in satisfying their employees, employees stay longer, make a deeper commitment to the business, recommend ways to improve the company's products and services, and work harder to satisfy the customer

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.

  • We take this as our social responsibility and have developed policy how can we best help to save the environnent. As previous, we continued our steps to imporove environmental performance by preventing the activities having harmful and negative impact on environment.

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

  • • We encouraged and promoted the concept of going paperless by using electronic forms for billing statements, receipts, and payroll. We preferred transferring funds directly to a bank instead of issuing checks since this can save hundreds of sheets of paper a month

    • Instructed workers to recycle paper and envelopes too

    • We believe Plantation is a regular process of our day to day life. Plants not only help the environment, but actually ease the tension in the office. Beautiful surroundings can reduce stress and boost spirits which enhance overall productivity of the employees
    • We used Non-toxic cleaning products
    • Wherever possible; we preferred tele/video conferences and meeting to avoid fuel usage.
    • We maximized the use of reusable and recyclable products

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

  • A clean and green environment has a positive influence on employees' engagement levels and gives them an overall satisfaction and willingness to recommend it as a place to work. Also, they are more likely to state an intention to stay.

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.

  • We are committed and always strive to promote ethical behavior and reduce the risk of fraud and corruption at internal & external levels since instances of fraud and corrupt conduct put at risk the reputation not only of the staff involved but also the reputation of the organization.

  • Implementation
  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • • We have developed policies on financials, legal, tax, responsible purchasing and business integrity & ethics relating matters
    • Relevant managers systematically monitor, report, and follow up on anticorruption and bribery on an ongoing basis
    • Company regularly interacts with clients, customers and associates to get their views & suggestions.
    • Random audits are conducted to check and control the transparency of the transactions and reports are ultimately sent to CEO.

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

  • • To act responsibly and fairly are important factors in achieving long-term business success. Our organization has worked with this business ethics as a normal part of the business.
    • Suppliers and clients are happy doing business if there is an efficient, clean and transparent environment without being encumbered by bribery
    • Employees are aware of the consequences they will have to face if found doing wrong.