To our Stakeholders:
I am pleased to affirm that Staycold Export Ltd. supports the Ten
Principles of the United Nations Global Compact under the pillars of
Human Rights, Labour, Environment, and Anti-Corruption. In this annual
Communication on Progress, we describe how we continue to integrate
these principles into our business operations, our culture, and our strategy.
We are also committed to communicating this information with our
stakeholders.
Sincerely,
Edward Jonas,
Managing Director

Human Rights
STAYCOLD EXPORT LTD.
Assessment, Policy and Goals
Staycold Export Ltd. requires team members, clients, suppliers, and
shareholders to adhere to the principles of the Universal Declaration of
Human Rights. Suppliers are expected to conduct themselves in a manner
that is fair and ethical, and in compliance with the Company’s core
principles of sustainability. These principles apply to both suppliers'
activities and, where appropriate, to their downstream supply chain.

Implementation
Company policy states that there will be no association with companies,
persons or organisations that violate the principles of the Universal
Declaration of Human Rights. When using, handling, transporting, or
disposing of hazardous materials or electronic equipment, suppliers must
understand their health, safety, and sustainability obligations. They must
also confirm that they have appropriate management processes and
controls in place, and where applicable, maintain responsibility for any
liability resulting from their actions. The Company ensures compliancewith legislation with respect to discriminatory working relations and
promotes diversity in the workplace. Employees must be treated with
respect and dignity, and neither physical nor verbal abuse are tolerated.
Harassment and threats of any kind, or other forms of intimidation are
prohibited.

Measurement of Outcomes
Staycold’s South African plant is Level 4 B-BBE accredited. For other plants,
compliance is observed through in-person visits to plants. These have been
paused during the COVID-19 pandemic but will resume as soon as it is safe
to do so. The Company engages external Human Resource Consultants to
stay abreast of legislation and best practices regarding human rights and
labour matters.

Labour
Assessment, Policy and Goals
Suppliers are expected to comply with local, national, and international
laws. These include, but are not limited to, all environmental, health and
safety, and labour laws. They are also expected to support the International
Labour Organisation core conventions on labour standards. Suppliers must
not use forced, bonded or compulsory labour, and employees must be free
to leave their employment after reasonable notice. Employees must have a
healthy and safe working environment in accordance with international
standards and laws, ensuring adequate facilities, training, and access to
safety information. Employees must not be required to lodge deposits,
money or papers with their employer. Respect is given to freedom of
association in line with local laws.

Implementation
The Company ensures that no child labour is used in the supply chain, and
employees must be the legal minimum age for employment. The
employee handbook outlines equal opportunities and bullying and
harassment policies which includes clear standards of conduct for a
healthy, safe, and equitable work environment. Suppliers should not
discriminate in hiring, compensation, access to training, promotion, and
termination of employment or retirement. Where applicable, suppliers
should give consideration to flexible working conditions to promote
work/life balance, the promotion of training and personal development of
team members.

STAYCOLD EXPORT LTD.Measurement of Outcomes
Employees are required to read and sign the employee handbook which
sets out the key procedures, rules, and policies designed to ensure a safe
and supportive environment for all. The Company adjusts the employee
handbook to stay up-to-date with current needs and circumstances. Any
changes require all employees to be notified and provided with updated
copies. The Company engages external Human Resource Consultants to stay
abreast of legislation and best practices regarding labour matters.
Employee turnover and absenteeism are monitored and continue to be low.
Supplier compliance is monitored through in-person visits. Visits are
currently paused due to the COVID-19 pandemic but will resume once it is
safe to do so. Suppliers send staff on overseas visits, encouraging further
education and professional development. Staycold has received visits from,
and also given work to, suppliers’ staff members.

Environment
Waste and disposal
Improved efficiency for using finite or scarce resources such as energy,
water and raw materials
Assessment, Policy and Goals
Staycold’s environmental goals are centred on the key environmental
impacts of the organization including office facilities, operations, and
procurement. They are also focused on the carbon dioxide emissions of
their products during their lifetime in service. The environmental policy
sets specific actions that must be taken to achieve sustainability, and the
policy is updated on a yearly basis in collaboration with stakeholders. The
Company also ensures that environmental stewardship is integrated into
the culture of the organization by incorporating it into business decisionmaking processes.

Implementation
All business units are responsible for implementing the environmental
policy in their respective locations. They must comply with all relevant
regulatory requirements; continually improve and monitor environmental
performance; improve and reduce environmental impacts; incorporate
environmental factors into business decisions; and increase employee
awareness and training. Areas covered in the environmental and
sustainable procurement policy include:
STAYCOLD EXPORT LTD.Protecting biodiversity
CO2, methane and other gases, as well as other relevant factors
impacting climate change
Environmental impacts such as noise, water and ground pollution
Management, operational and technical controls to minimise the release
of harmful emissions into the environment

Measurement of Outcomes
The outcomes of Staycold’s environmental policy are reviewed regularly
with staff at monthly management meetings to ensure environmental goals
are achieved. The Company also works with suppliers, contractors, and
subcontractors to improve environmental performance. Some key suppliers
have gained ISO14001 certification or had their certificates renewed. Energy
efficiency improvements have been made for certain products, and several
new models have been introduced this year that use substantially less
energy than competitor models in the market. The new European Energy
Labelling Scheme has been implemented this year, and the Company is
running a development project with a leading global customer to further
reduce energy consumption in the product that they purchase.
The Company has recently audited their end-of-life recycling provider to
ensure that their fridges are properly handled, and that waste streams are
being reused. They are in the process of installing their first EV charging
station and have recently installed three air source heat pumps. Their new
office and warehouse are equipped with efficient heating systems listed on
the “UK Energy Technology List,” a scheme set up by the Carbon Trust to
showcase the most efficient technologies. Office lighting is 100% LED and
controlled by motion sensors. The ventilation system also incorporates a
heat recovery system

Anti-Corruption
Assessment, Policy and Goals
Staycold does not tolerate, permit or engage in bribery or unethical
behaviour across all business units globally. The Company will only
conduct business with those who comply with the highest standards of
ethical behavior in line with the core principles. The conduct of individual
employees is expected to reflect these standards, and specific codes of
conduct are outlined in the employee handbook.

STAYCOLD EXPORT LTD.Implementation
Employees must act with integrity and expect the same from those with
whom they interact. A whistle blowing policy is in force to enable
employees to raise issues in the event a problem has gone unobserved.

Measurement of Outcomes
Employees are required to read and sign the employee handbook that
outlines the codes of conduct for ethical behaviour. The Company adjusts
the employee handbook to stay up-to-date with current needs and
circumstances. Any changes require all employees to be notified and
provided with updated copies.