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.