Communication on Progress

Communication on Progress

Participant
Published
  • 17-Aug-2022
Time period
  • August 2021  –  August 2022
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.

  • 17th August 2022

    To our stakeholders:

    I am pleased to confirm that Crest Speciality Resins Pvt Ltd reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

    In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

    Sincerely yours,

    Harshad Naik
    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.

  • At Crest, We have implemented following Human Rights Policy.

    We make following commitments to respect, support, and promote human rights.

    1. Adopt a human rights governance structure and responsible business practices that promote respect for human rights
    2. Assess and address the company’s salient human rights issues, track the effectiveness of the company’s response, and transparently report on corporate support
    of and performance on human rights.
    3. Implement policies and processes to identify, prevent, mitigate, and remediate human rights risks and impacts.
    4. Engage openly and regularly with stakeholders on issues that impact human rights, including with affected or potentially affected legitimate personnel.
    5. Adopt business policies and practices that protect privacy and data security of customers.
    6. Contribute to global communities by promoting the benefits of increased connection and communication through the use of technologies
    a) That supports freedom of expression;
    b) That supports diversity and employee engagement;
    c) That support social programs including those focused on critical human needs (food, water, shelter, and disaster relief), education, and economic
    empowerment.

  • Implementation

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

  • We have provided following actions to implement Human Rights Policies, Address Human Rights Risks and Respond to Human Rights Violations.

    1. Provided Training to employees regarding Human Rights Principles
    2. Implemented Whistle blower policy to report on violation of any Human Rights Principles
    3. Implemented Disciplinary actions policy on violation of Human rights principles

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • No incident of Human Rights Principles violation is identified during reporting period

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.

  • We have implemented following policies in organization for Labour Rights.

    1. Child Labour
    2. Forced Labour
    3. Grievance Management
    4. Working conditions
    5. Diversity, Equality & Inclusion
    6. Discrimination & Harassment
    7. Health & Safety
    8. Disciplinary Actions
    9. Freedom of Association

  • Implementation

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

  • All employees are provided training about Labour rights policies. Regular awareness sessions are being conducted through internal trainers and external training agencies.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • We have not came across any Labour rights issue during reporting period

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 have implemented following Environmental area in organization.

    1. Environmental Policy
    2. Energy Management & GHG Emissions Policy
    3. Waste Management Policy
    4. Water Management Policy
    5. Biodiversity Policy

  • Implementation

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

  • Training about Environmental Policies is given to employees.

  • Measurement of outcomes

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

  • 1. We are continuing with our ISO 14001 Certification
    2. We are regularly providing training about ISO 14001 & Environmental Policies to our employees
    3. We are constantly doing Technological upgrades for Saving of Water & Electricity
    4. We are eyeing to increase share of renewable energy use

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 have implemented following Policies in organization for Anti Corruption - Ethics domain.
    1. Anti corruption & Bribery
    2. Anti Competitive practices
    3. Anti Money laundering
    4. Conflict of Interest & Fraud prevention
    5. Information Security

  • Implementation

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

  • Our employees are regularly trained on Ethical policies specified above. Training is being given by internal trainers and External trainer agencies.

  • Measurement of outcomes

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

  • We are regularly monitoring incidents related to Corruption , Bribery, Fraud, Information Security violation etc. We have not came across any incident during reporting period