SEPT. 15, 2016

THE DIRECTOR
UN GLOBAL COMPACT
USA

Dear Sir

LETTER OF COMMITMENT FROM FREANN FINANCIAL SERVICES LIMITED GHANA’S EXECUTIVE DIRECTOR PARTICIPANT ID 29061

This year marks the Second year anniversary of Freann Financial Services’ commitment to the United Nations (UN) Global Compact. While much has changed in the world more especially in the jurisdiction we find ourselves, we have embraced the Compact’s ten principles and can confidently say we remain firm and our committed to this worthy course.

Freann Financial Services’ mission is to provide an array of financial services to help individuals and business entities realize their full potential in their sphere of business operations. Our commitment to the Global Compact, as well as our commitment to working responsibly is a fundamental part of how we fulfill that mission. The Global Compact’s principles are embedded within our company’s business practices, policies, and operations and help us function as a stronger company day in day out.

The tabs and or additional contents gives a brief summary of some of our progress against the Global Compact principles during fiscal year 2015 (FY2015)

FOR AND ON BEHALF OF
FREANN FINANCIAL SERVICES LIMITED GHANA

KWABENA ANNING FREDERICK
EXECUTIVE DIRECTOR

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2: make sure that they are not complicit in human rights abuses.

Our commitment to respect the fundamental human rights of our employees, and our customers reflects the company’s mission to help people and businesses throughout the country realize their full potential.

Maintained Human Rights Safeguards within Freann Financial Services
We continue to practice strong corporate governance and enforce our Standards of Business Conduct and other human capital development policies that ensure non-discrimination and fair employment practices within our workforce.

Supported Privacy and Freedom of Expression On and Offline

Technology has the capacity to increase freedom of expression and access to information. To support technology as a tool for the advancement of human rights, in FY2015
• we made provision for our staff to attend various seminars and courses in the field of ICT not limited to the Euro-Africa ICT, E-infrastructures forum just to mention but few
• Adopted a company-wide Freedom of Expression policy, based on international human rights standards, including the GNI principles, to guide how we handle decisions on restricting or not restricting content.
• Worked with governments, law enforcement, nonprofits, and companies to conduct programs and institute policies to help better protect individuals’ right to privacy and safety online.
ADMINISTRATIVE MANUAL FFSL

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining

Principle 4: the elimination of all forms of forced and compulsory labor;

Principle 5: the effective abolition of child labor; and

Principle 6: the elimination of discrimination in respect of employment and occupation.

Our employees drive our business, and we have a responsibility to create a respectful and rewarding work environment for them. The health, well-being, satisfaction, and diversity of our employees differentiate Freann Finance and help us succeed.
Our commitment to our people includes working with our contractors, suppliers, and vendors to uphold the same high Citizenship standards to which we hold ourselves.

Continued Diversity Efforts within Freann Financial Services
Within Freann Finance, we continue to prioritize diversity and work toward creating a more diverse culture. This year, we:
• Sent members of staff for new training courses on diversity and inclusion for all employees. About 72% of our employees have already completed the training.
• Continued to provide professional development support and training to employees of all backgrounds to help them grow their careers.

In collaboration with the Fair Labor commission and the Trades Union Congress, we initiated a new grievance process. Workers in our branches now have 24-hour access to a hotline that allows anonymous reporting of grievances and issues of concern.
ORG. CODE OF CONDUCT & STANDARDS

Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Freann Finance is signed on to the Green Financing Option of funding, in this regard FFSL initiated several green finance modules that has aided in supporting environmentally friendly projects and programs. The facilities are tailored to
• Minimize the environmental impact of business operations and products;
• Create technology solutions that help individuals and businesses around the world address their environmental impact.
• Aid in Agribusiness development whilst improving upon the health and environmental safety procedures.

Improved Freann Financial Service’s Operations
We continue to increase the sustainability of our internal operations. This was achieved by providing tailor made facilities to suit individual specifications of our clients and or customers

Promoted Greater Industry Environmental Responsibility
We work closely with industry, government, and NGOs to identify and promote ways to increase environmental responsibility.

Created and Promoted Environmentally Friendly Technologies
One of the most important ways we can help solve environmental challenges is by creating and sharing environmentally friendly technologies.
We worked in partnership with other NGO’s to provide solar studs and panels to various rural sects, and also apply information technology to environmental challenges. This included providing citizens and policymakers with access to real-time environmental information through various associations in building energy efficient facilities and houses.
COMPANY REGULATIONS FFSL

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

Our commitment to strong anti-corruption policies and practices is resolute. Freann Finance does not tolerate bribery or corruption of any kind within our own companies.

Trained our Employees on Anti-Corruption Guidelines
All employees received training on our Standards of Business Conduct, which addresses corruption and bribery. We provide better service packages which aid employees frown on corrupt practices.
Increased Attention to Anti-Corruption Efforts in our Supply Chain
As a major financial service provider we employ international anti-corruption modules which have strengthened our approach to anti-corruption.

Worked with Partners to Promote Anti-Corruption Best Practices
We work with industry peers and global organizations to identify and promote anti-corruption best practices.
ADMINISTRATIVE MANUAL FFSL