Corporate Social Responsibility
CSR policy in EAC
The CSR policy of the EAC Group is based on the ten UN Global Compact principles and on compliance with national laws. Where international minimum standards for CSR are higher than national law, EAC strives to uphold international standards. In addition, EAC goes beyond legal compliance in areas where the company can strategically give back to society and contribute to sustainable development.
EAC seeks continuously to increase transparency and openness regarding the Group's CSR efforts.
EAC supports the UN Global Compact principles for internationally proclaimed human rights (principles 1-2) including the core labour rights (principles 3-6). The commitment to sustainable social development is the key focal point in EAC's CSR efforts. Given the nature of EAC's business, the social dimension is where EAC can contribute the most.
EAC pledges to:
- Continuously improve EAC's governance system to ensure compliance with basic human rights
- Identify ways of maximising the positive social impact of EAC's business operations where EAC has special skills, products or services to make a difference.
EAC pledges to support the UN Global Compact's principles for the environment (principles 7-9) and to:
- Assess and reduce the negative impact of EAC's operations on the environment including climate change
- Meet or exceed applicable regulatory requirements wherever EAC conducts its operations
- Continuously seek to improve EAC's awareness, processes and production facilities in order to set new environmental standards in markets whenever possible.
EAC believes that running profitable companies that live up to their social, environmental and economic responsibilities is the best way for EAC to contribute to the societies in which we are active. EAC contributes to society through investments and production with due consideration for sustainable social, environmental and economic development. In this way, EAC contributes positively to sustainable economic growth and to the promotion of international involvement in the countries where EAC operates.
EAC believes that long-term profitability is based on strategic integration of sustainable social, environmental and economic development. For EAC, such integration results in proper risk management for the benefit of EAC's shareholders, other stakeholders and society alike.
As a core obligation, EAC pledges to:
- Apply a zero-tolerance approach with respect to corruption, extortion and bribery in accordance with principle 10 of the UN Global Compact.
- Continuously work to improve governance structures to combat corruption in all its forms.