Communication on Progress

Communication on Progress

Participant
Published
  • 07-Aug-2014
Time period
  • December 2013  –  December 2014
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.

  • To our stakeholders:
    I am pleased to confirm that Commercial Insurance 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,
    Max Zaccar
    Chairman

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.

  • Commercial Insurance respects the Universal Declaration of Human rights and environmental protection. Based on our commitment we have set up a code of ethics of our Quality Undertakings.

  • Implementation

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

  • Commercial Insurance is actively involved in the Human Resources and make sure that any violation will be reported directly to the management via our open door policy.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Commercial Insurance measures the outcome via bi yearly appraisals followed by an open discussion regarding their career path

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.

  • Commercial Insurance is very transparent on the employment policies and career without any discrimination

  • Implementation

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

  • Commercial Insurance uses a salary scale where everyone is treated equally

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Commercial Insurance measured the performance by the employee turnover and employee satisfaction and via surveys

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.

  • Commercial Insurance has signed the United Nations green industry platform, the Lebanese Green Pledge and is heavily promoting the environmental challenges

  • Implementation

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

  • Commercial Insurance communicates a lot by encouraging employees to recycle, reuse and reduce and uses recycled paper

  • Measurement of outcomes

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

  • Commercial Insurance monitors the suppliers they buy from to make sure they adhere to the highest standards they promote their supplies

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.

  • Commercial Insurance is against any form of bribery and clearly communicates it

  • Implementation

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

  • Commercial Insurance anti corruption complains are directly reported to the management and is supporting the Lebanese Transparency Association

  • Measurement of outcomes

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

  • Commercial Insurance has been externally audited by the Lebanese Transparency Association in collaboraton with the IFC and the world bank and has been cited as one of its case studies