AdvanceTC
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Governance
- Anti-bribery and corruption
Governance Achievements
- Established an anti-bribery and corruption policy with clear guidelines and reporting mechanisms.
- Implemented a process for managerial approval of gifts and hospitality exceeding specified value limits.
- Established a register of approvals for gifts and hospitality.
- Provided training on the anti-bribery and corruption policy as part of the induction process for new employees and regular training for existing employees.
- Communicated zero-tolerance approach to bribery and corruption to all suppliers, contractors and business partners.
Climate Goals & Targets
Environmental Challenges
- Potential for bribery and corruption in business dealings.
Mitigation Strategies
- Implementation of a comprehensive anti-bribery and corruption policy.
- Establishment of clear guidelines on gifts and hospitality.
- Requirement for managerial approval for gifts and hospitality exceeding specified value limits.
- Regular training and communication on the policy.
- Reporting mechanisms for suspected breaches.
- Disciplinary action for policy breaches.