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UN Global Compact principles

We support

Hoist Finance is a signatory of the United Nations Global Compact and the Ten Principles on Human rights, Labour, Environment and Anti-corruption. The principles are derived from: the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption. To read more about Global Compact and the ten principles, please see www.unglobalcompact.org. As a signatory, we issue an annual Communication on Progress (CoP) to describe our progress within the four areas, as well as a CEO statement assuring continued support. By incorporating the ten principles in our Sustainability strategy, via our bottom down approach, policies, procedures as well as our culture of integrity, we do not only uphold our basic responsibilities to people and the planet but also set the stage for long-term success.

Human rights

Principle 1

Businesses should support and respect the protection of internationally proclaimed human rights.

 

Principle 2

Businesses should make sure that they are not complicit in human rights abuses.

Examples of activites:

  • Providing safe and healthy working conditions, guaranteeing freedom of associations, non-discrimination, not use forced labour or child labour, providing access to basic health care and education, programme to hire victims of domestic violence and all religious practises.
  • Whistle blowing

 

What we are planning to do:

 

Training for all procurement functions around supplt chain to make sure Human Rights aspects are screened within Suppliers.

 

Included in the Sustainability Strategy

 

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Labour

Principle 3

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining

Principle 4

Businesses should uphold the elimination of all forms of forced and compulsory labour.

Principle 5

Businesses should uphold the abolition of child labour.

Principle 6

Businesses should uphold the elimination of discrimination in respect of employment and occupation.

 

Examples of how we do it

  • Collective bargaining

Included in sustainability strategy

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Environment

Principle 7

Businesses should support a precautionary approach to environmental challenges.

Principle 8

Businesses should undertake intitiatives to promote greater environmental responsibility.

Principle 9

Businesses should encourage the develpment and diffusion of environmentally friendly technologies.

Included in sustainability strategy

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Anti-Corruption

Principle 10

Businesses should work against corruption in all its forms, including extortion and bribery.

Included in sustainability strategy

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