Ethical Trading Policy
➤ ETHICAL TRADING POLICY – WANNAT GROUP
Wannat Group is committed to conducting its business in an
ethical and socially responsible manner. This Ethical Trading Policy outlines
our dedication to fair and ethical trading practices in our global operations.
We believe that ethical trading is not only a moral imperative but also
essential for the long-term sustainability and success of our organization.
Compliance with Laws and Regulations: Wannat Group is
committed to complying with all applicable laws and regulations governing
international trade, including import and export controls, sanctions, and
customs requirements. We expect all employees and partners to adhere to these
laws and regulations in all transactions.
Fair Labor Practices: We respect the rights and
dignity of workers and are committed to providing fair and safe working
conditions for all employees and workers in our supply chain. This includes
compliance with international labor standards, such as the International Labour
Organization's (ILO) core conventions, which cover areas like child labor,
forced labor, and freedom of association.
No Discrimination and Harassment: Wannat Group is
dedicated to providing a workplace and supply chain that is free from
discrimination and harassment. We do not tolerate discrimination based on race,
gender, religion, age, disability, or any other protected characteristic. We
promote diversity and inclusion in all aspects of our business.
Environmental Responsibility: We recognize the
importance of environmental sustainability and are committed to minimizing our
environmental impact. Wannat Group strives to reduce waste, conserve resources,
and implement sustainable practices throughout our supply chain.
Ethical Sourcing: We source our products and
materials ethically, seeking suppliers who share our commitment to ethical and
responsible business practices. We conduct due diligence to ensure that our
suppliers adhere to the same high ethical standards we set for ourselves.
Anti-Corruption: Wannat Group has a zero-tolerance
policy for corruption, bribery, and unethical business practices. We do not
offer, solicit, or accept bribes or kickbacks in any form, and we expect the
same from our employees, partners, and suppliers.
Supply Chain Transparency: We promote transparency in
our supply chain by encouraging suppliers to disclose information about their
own ethical and environmental practices. We work collaboratively with suppliers
to address any ethical concerns or issues that may arise.
Reporting Mechanisms: We provide a confidential
reporting mechanism for employees, suppliers, and other stakeholders to report
any ethical concerns, violations of this policy, or suspected wrongdoing. We
take all reports seriously and will investigate them thoroughly.
Accountability and Continuous Improvement: Wannat Group holds itself
accountable for upholding the principles outlined in this Ethical Trading
Policy. We are committed to continuous improvement and will regularly review
and update our practices to ensure alignment with evolving ethical standards
and industry best practices.
ESSENTIAL COMPONENTS OF THE FUNDAMENTAL CODE:
Free Choice of Employment: Wannat Group upholds the
principle that all workers have the right to freely choose their employment. We
do not engage in forced, bonded, or involuntary labor practices of any kind.
Respect Freedom of Association and the Right to
Collective Bargaining: We respect the rights of workers to join trade
unions or other forms of workers' organizations, as well as their right to
engage in collective bargaining without any interference or discrimination.
Safe & Hygienic Working Conditions: We are
committed to providing a safe and healthy working environment for all employees
and workers within our supply chain. We take measures to prevent accidents,
injuries, and exposure to hazardous substances.
No Child Labor: As previously stated, we absolutely
prohibit child labor in our operations and supply chain, ensuring that no
person below the legal minimum age is employed.
Pay Living Wages: Wannat Group recognizes the
importance of fair compensation. We strive to ensure that wages paid to workers
are sufficient to cover their basic needs, including food, housing, education,
and healthcare.
Reasonable Working Hours: We adhere to reasonable
working hours, promoting a work-life balance for our employees and workers.
Overtime is voluntary and compensated fairly, in accordance with applicable
laws and regulations.
No Discrimination: We value diversity and do not
tolerate discrimination based on race, color, gender, age, religion,
disability, sexual orientation, or any other protected characteristic. All
individuals are treated with dignity and respect.
Provision of Regular Employment: Wannat Group aims to
provide stable and regular employment for our workers. We do not engage in
precarious or irregular employment arrangements that would compromise job
security.
No Harsh or Inhumane Treatment: We prohibit any form
of physical or psychological abuse, coercion, or harassment. All employees and
workers are entitled to be treated with respect and dignity at all times.
SUPPLIER RELATIONSHIP POLICY:
Equitable supplier
selection and transparent processes.
Timely and transparent
payment practices.
Full compliance with all
relevant laws and regulations.
Adherence to ethical
standards, avoiding bribery and conflicts of interest.
Ensuring high quality and
safe products/services.
Commitment to
sustainability and environmental responsibility.
Upholding ethical labor
practices, excluding child or forced labor.
Pursuing continuous
operational improvement and ethical practices.
Transparent disclosure and
management of conflicts of interest.Accountability for policy
breaches, potentially including contract termination.