January 18, 2014

To our stakeholders:

I am pleased to confirm that Index Power & Energy 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,
Shafiullah Al Munir

CEO

All human beings are born free and equal in dignity and rights.They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.

Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as race, colour, sex, language, religion, political or other opinion, national or social origin, property, birth or other status. Furthermore, no distinction shall be made on the basis of the political, jurisdictional or international status of the country or territory to which a person belongs, whether it be independent, trust, non-self-governing or under any other limitation of sovereignty.

Everyone has the right to life, liberty and security of person.

No one shall be held in slavery or servitude; slavery and the slave trade shall be prohibited in all their forms.

No one shall be subjected to torture or to cruel, inhuman or degrading treatment or punishment.

Everyone has the right to recognition everywhere as a person before the law.

All are equal before the law and are entitled without any discrimination to equal protection of the law. All are entitled to equal protection against any discrimination in violation of this Declaration and against any incitement to such discrimination.

Everyone has the right to an effective remedy by the competent national tribunals for acts violating the fundamental rights granted him by the constitution or by law.

No one shall be subjected to arbitrary arrest, detention or exile.

Everyone is entitled in full equality to a fair and public hearing by an independent and impartial tribunal, in the determination of his rights and obligations and of any criminal charge against him.

Everyone charged with a penal offense has the right to be presumed innocent until proved guilty according to law in a public trial at which he has had all the guarantees necessary for his defense.

No one shall be held guilty of any penal offense on account of any act or omission which did not constitute a penal offense, under national or international law, at the time when it was committed. Nor shall a heavier penalty be imposed than the one that was applicable at the time the penal offense was committed.

No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honor and reputation. Everyone has the right to the protection of the law against such interference or attacks.

(1) Everyone has the right to freedom of movement and residence within the borders of each state.
(2) Everyone has the right to leave any country, including his own, and to return to his country.

(1) Everyone has the right to seek and to enjoy in other countries asylum from persecution.
(2) This right may not be invoked in the case of prosecutions genuinely arising from non-political crimes or from acts contrary to the purposes and principles of the United Nations.

(1) Everyone has the right to a nationality.
(2) No one shall be arbitrarily deprived of his nationality nor denied the right to change his nationality.

(1) Men and women of full age, without any limitation due to race, nationality or religion, have the right to marry and to found a family. They are entitled to equal rights as to marriage, during marriage and at its dissolution.
(2) Marriage shall be entered into only with the free and full consent of the intending spouses.
(3) The family is the natural and fundamental group unit of society and is entitled to protection by society and the State.

(1) Everyone has the right to own property alone as well as in association with others.
(2) No one shall be arbitrarily deprived of his property.

Everyone has the right to freedom of thought, conscience and religion; this right includes freedom to change his religion or belief, and freedom, either alone or in community with others and in public or private, to manifest his religion or belief in teaching, practice, worship and observance.

Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.

(1) Everyone has the right to freedom of peaceful assembly and association.
(2) No one may be compelled to belong to an association.

(1) Everyone has the right to take part in the government of his country, directly or through freely chosen representatives.
(2) Everyone has the right of equal access to public service in his country.
(3) The will of the people shall be the basis of the authority of government; this will shall be expressed in periodic and genuine elections which shall be by universal and equal suffrage and shall be held by secret vote or by equivalent free voting procedures.

Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.

(1) Everyone has the right to work, to free choice of employment, to just and favorable conditions of work and to protection against unemployment.
(2) Everyone, without any discrimination, has the right to equal pay for equal work.
(3) Everyone who works has the right to just and favorable remuneration ensuring for himself and his family an existence worthy of human dignity, and supplemented, if necessary, by other means of social protection.
(4) Everyone has the right to form and to join trade unions for the protection of his interests.

Everyone has the right to rest and leisure, including reasonable limitation of working hours and periodic holidays with pay.

(1) Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.
(2) Motherhood and childhood are entitled to special care and assistance. All children, whether born in or out of wedlock, shall enjoy the same social protection.

(1) Everyone has the right to education. Education shall be free, at least in the elementary and fundamental stages. Elementary education shall be compulsory. Technical and professional education shall be made generally available and higher education shall be equally accessible to all on the basis of merit.
(2) Education shall be directed to the full development of the human personality and to the strengthening of respect for human rights and fundamental freedoms. It shall promote understanding, tolerance and friendship among all nations, racial or religious groups, and shall further the activities of the United Nations for the maintenance of peace.
(3) Parents have a prior right to choose the kind of education that shall be given to their children.

(1) Everyone has the right freely to participate in the cultural life of the community, to enjoy the arts and to share in scientific advancement and its benefits.
(2) Everyone has the right to the protection of the moral and material interests resulting from any scientific, literary or artistic production of which he is the author.

Everyone is entitled to a social and international order in which the rights and freedoms set forth in this Declaration can be fully realized.

(1) Everyone has duties to the community in which alone the free and full development of his personality is possible.
(2) In the exercise of his rights and freedoms, everyone shall be subject only to such limitations as are determined by law solely for the purpose of securing due recognition and respect for the rights and freedoms of others and of meeting the just requirements of morality, public order and the general welfare in a democratic society.
(3) These rights and freedoms may in no case be exercised contrary to the purposes and principles of the United Nations.

Nothing in this Declaration may be interpreted as implying for any State, group or person any right to engage in any activity or to perform any act aimed at the destruction of any of the rights and freedoms set forth herein.

1. Awareness raising or training of employees on Human Rights

2. Human resource policies and procedures supporting Human Rights

1. We don't act unethically or in ways that threaten the rights of workers — even when local laws and customs permit such practices. We’re working to end excessive work hours, prohibit unethical hiring policies, and prevent the hiring of underage workers.

2. Ending excessive work hours.

3. Our approach to underage labor is clear: We don’t tolerate it, and we’re working to eradicate it from our industry. When we discover suppliers with underage workers or find out about historical cases — where workers had either left or reached legal working age by the time of the audit — we demand immediate corrective action as part of our Underage Labor Remediation Program. We return underage workers to school and finance their education at a school chosen by the family.

4. Making working conditions safer.

5. Occupational and process safety.

6. Training to identify hazards.

1. Freedom of association and the effective recognition of the right to collective bargaining

2. Elimination of all forms of forced or compulsory labor

3. Effective abolition of child labor

4. Elimination of discrimination in respect of employment and occupation

At Index Power & Energy Ltd. the safety and health of our employees comes first. Management is committed to doing everything possible to prevent injuries and to maintain a healthy environment.

To this end:

1) All supervisors are responsible for ensuring that their employees are trained in approved work procedures to obtain optimal output without accidents and injuries and to ensure that employees follow safe work methods and all related regulations;

2) All personnel are required to support the OSH program and make safety and health a part of their daily routine and to ensure that they are following safe work methods and relevant regulations;

3) All personnel will be held accountable for implementing this program; and

4) All relevant laws and regulations are incorporated in our program as minimum standards

Through external audits.

Our Environmental Policy

The Group endeavors to conduct its business operations whilst demonstrating good stewardship in the preservation of natural resources by adopting environmentally responsible practices for the benefit of our customers, consumers, employees and the communities in the areas we operate. Index Power & Energy Ltd. utilizes its resources in the promotion of local and international tourism which is its core business practice, pursuant to the environmental and developmental policies by ensuring activities within our jurisdiction do not damage the environment.

Index Power & Energy Ltd. recognizes that our operations and service will have an effect on local, regional and global environment. As a consequence of this the Group is committed to the reduction of the potential impacts to air, surface water, ground water,
public health, community quality life, employee health, wildlife habitats and species preservation, and soil degradation while providing a high quality service for recreational tourism.

Index Power & Energy Ltd. strives to meet and exceed all applicable environmental regulations, laws, and code of practice of environmental performance. We facilitate this by implementing policies through a coordinated environmental management system in the utilization of environmentally safe and sustainable energy sources as is feasible to meet our needs. As a primary part of corporate environmental strategy, the Group applies appropriate waste management practices and invests in reducing, reusing and recycling waste materials, especially hazardous waste and wherever possible dispose of all waste through safe and responsible methods.

In attainment of the company’s environmental target and sustainable development goals, all the Group’s employees adopt the 3Rs principle; to reduce the amount of trash that needs to be discarded, reuse containers and products, repair what is broken and recycle where possible. Index Power & Energy Ltd. has established an achievable annual evaluation of its performance goals in implementing these principles to ensure continual improvement of its Environmental Management Systems in compliance with applicable laws and regulations. In entrenching these practices the Group has implement continuous training programs for its employees to raise awareness on environmental issues and enlist their support in improving the Company’s performance. The Group carries out a periodic evaluation and assessment and as required amends procedures in order to attain higher levels of control.

Key to achieving our environmental target is the following strategy:
• Strive for continual improvement through the development of products and services that limits environmental cost and impacts generated by our activities.
• Comply with applicable regulations and standards to which we subscribe.
• Institute energy efficiency measures and wherever possible use recycled materials to conserve our natural resources.
• Review environmental objectives and monitoring performance.
• Cooperate and develop partnerships with local communities in our area of operation, and with organizations that are engaged in protecting the environment.
• Minimize waste by evaluating operations and ensuring they are as efficient as possible.
• Minimize toxic emissions in ensuring optimal performance of our fleet to minimize emissions from our vehicle fleet that contribute to climate change.
• Adopt accredited mechanisms in offsetting any negative impacts generated by our activities.
Compliance
We are committed to conducting our business in an environmentally responsible manner while ensuring compliance with relevant environmental laws, company policies and requirements.

Leadership
We strive to be a leader in environmental performance. We assess our progress towards this goal through internal measurement, external benchmarking, incorporating best practices, instituting mechanisms to drive continuous improvement, and participating in research where appropriate.

Performance Management
We pursue continuous improvement in the environmental performance of our business by establishing goals, programs and procedures that govern our business and tie performance to corporate and divisional environmental goals and objectives. Progress against these goals will be regularly reported to divisional and corporate management.

Global Standards
We adhere to company goals, programs, procedures and policies designed to provide the same level of respect for the environment globally.

Environmental Impact
We prefer prevention as the best way to protect the environment. Where we cannot prevent environmental impact, we will commit to identify and evaluate the environmental impacts of our operations and strive to minimize those impacts by leveraging best practices to protect natural resources, consistent with Global Sustainable Development.

Product Stewardship
As we develop new products, we will evaluate their potential environmental impact and provide our customers with the information necessary for environmentally responsible handling and disposal.

Communication
We foster openness and dialogue with our employees and the communities in which we operate by anticipating and responding to concerns about the environmental aspects of our operations.

Education and Training
We value well-informed and trained employees as essential in achieving environmental excellence. We provide appropriate environmental education and training programs to our employees to ensure that they are prepared to perform their jobs in an environmentally responsible manner. We develop the knowledge and skills of our environmental professionals to facilitate their professional growth and foster business excellence in executing their environmental responsibilities.

Purchasing
The Group will pursue sustainability purchasing in the acquisition of goods and services (“products”) in a way that gives preference to suppliers that generate positive social and environmental outcomes.

Responsibility
The environmental committee of respective companies within the Group are responsible for implementation and ongoing adherence to this policy and will implement strategies for achieving leadership in environmental protection consistent with our mission and values, and to monitor the environmental progress and performance of the Company, and are also responsible for ensuring adequate resources are provided to support and monitor environmental performance.

Implementation:

Environmental management system

The environmental work at Index Power & Energy Ltd. is the responsibility of the Facility Manager and takes place by order of the CEO. The work is carried out on the basis of an environmental plan that aims to ensure compliance with the Environmental Policy. The environmental plan is revised for each financial year and the company management checks against it continually. Where Index Power & Energy Ltd.’s customers so require, the results of environmental work are reported by customer managers.

Recycling, awareness of the ecocycle and reconditioning

All machineries and equipment at Index Power & Energy Ltd. is disposed of in an environmentally-friendly manner. Where possible, Index Power & Energy Ltd. tries to sell equipment for reuse. Where this cannot be done, the equipment is delivered to partners for dismantling and recycling, where possible. In all its offices, Index Power & Energy Ltd. aims to sort paper and other waste.

Work to reduce environmental impact

An environmental issue is transport. LPG distribution work involves a lot of transport. We aim to constantly reduce our environmental impact from transport. The following guidelines apply:
Index Power & Energy Ltd.’s company cars must be green cars. We also urge our employees to choose green cars, partly from the point of view of the environment and partly from the point of view of personal finance as they have a lower fringe benefit value for tax assessment.

Another minor measure taken is that all printers purchased for Index Power & Energy Ltd. They are set by default for double-sided printing. This reduces paper consumption and results in savings for both our finances and the environment. To reduce power consumption at Index Power & Energy Ltd., offices are fitted with timer-controlled lighting. In some site offices that are not fitted with timer control, our own staff and cleaning staff are instructed that it is the responsibility of all to switch off lights to reduce energy use.

Anti-Bribery and Corruption Policy

We are committed to operating a strict zero tolerance policy towards bribery and corruption in all forms, whether directly or through third parties. This policy applies to all members of Index Power & Energy Ltd. and to business partners such as agents and intermediaries, wherever we work – even where bribery is seen as common practice. We will not participate in or condone any form of bribery in our dealings. In Bangladesh where we operate, it is a criminal offense to offer, promise, provide, request or accept a bribe. In Bangladesh, the Anti corruption Act contains a specific criminal offense of
failure by a company to prevent bribery committed on its behalf. We take this responsibility very seriously. As well as potential criminal prosecution, bribery results in a loss of reputation which can be just as damaging. This can lead to us losing existing business, being excluded from bids and severe financial consequences. Individuals involved can face heavy fines and even imprisonment.

We will always:

Comply with this Anti-Bribery and Corruption Policy

Act according to the Index Power & Energy Code of Conduct

Be guided by our vision and values of openness and honesty

Comply with company policy on gifts, hospitality, entertainment, political contributions and charitable donations

Comply with our Conflicts of Interest Policy

Record all activities and transactions accurately, completely and transparently

Before proceeding with any contract or other arrangement, follow appropriate due diligence and other risk mitigation procedures

Seek advice if unsure how to proceed

Report any suspected or actual breaches of this policy promptly and accurately.

We will never:

Use company funds, in the form of payments or gifts and hospitality, for any unlawful, unethical or improper purpose

Authorize, make, tolerate or encourage, or invite or accept, any improper payments to obtain,
retain or improve business

Permit anyone to offer or pay bribes or make facilitation payments on our behalf, or doanything else we would not be permitted to do ourselves

Offer or give anything of value to a public official (or their representative) to induce or reward them for acting improperly in their course of their public responsibilities

Offer or accept gifts or hospitality, if we think this might impair objective judgement, improperly influence a decision or create a sense of obligation, or if there’s a risk it could be misconstrued or misinterpreted by others

1. Internal audits and periodic review by senior management
2. External audits of anti-corruption programs