Common use of Business Principles Clause in Contracts

Business Principles. The Company agrees and undertakes to the Investors that the business of the Company will be designed and carried on in accordance with the following business principles (collectively, the “Business Principles”), namely, in a way that: (a) provides safe and healthy working conditions for its employees and contractors; (b) encourages the efficient use of natural resources and promotes the protection of the environment; (c) treats all employees fairly in terms of recruitment, progression, remuneration and conditions of work, irrespective of gender, race, color, language, disability, political opinion, age, religion, or national/social origin; (d) allows consultative work-place structures and associations that provide employees with an opportunity to present their views to management; (e) takes account of the impact of its operations on the local community and seeks to ensure that potentially harmful occupational health and safety, environmental and social effects are properly assessed, addressed and monitored; (f) upholds high standards of business integrity and honesty, and operates in accordance with local Laws and international good practice (including those intended to fight extortion, bribery and financial crime); (g) implements a social and environmental management system that enables effective identification, management and monitoring of any risks and provides a framework for action; and (h) provides for the reporting of the Company’s compliances with the Business Principles in an annual report by the Company to its Board in a manner that allows a reader to make an informed assessment of the business of the Company and, to the extent relevant, its Subsidiary undertakings as against the requirements of the Business Principles.

Business Principles. The Company agrees and undertakes to the Investors that the business of the Company will be designed and carried on in accordance with the following business principles (collectively, the “Business Principles”), namely, in a way that: (a) provides safe and healthy working conditions for its employees and contractors; (b) encourages the efficient use of natural resources and promotes the protection of the environment; (c) treats all employees fairly in terms of recruitment, progression, remuneration and conditions of work, irrespective of gender, race, color, language, disability, political opinion, age, religion, or national/social origin; (d) allows consultative work-place structures and associations that provide employees with an opportunity to present their views to management; (e) takes account of the impact of its operations on the local community and seeks to ensure that potentially harmful occupational health and safety, environmental and social effects are properly assessed, addressed and monitored; (f) upholds high standards of business integrity and honesty, and operates in accordance with local Laws laws and international good practice (including those intended to fight extortion, bribery and financial crime); (g) implements a social and environmental management system that enables effective identification, management and monitoring of any risks and provides a framework for action; and (h) and provides for the reporting of the Companycompany’s compliances with the Business Principles in an annual report by the Company company to its Board in a manner that allows a reader to make an informed assessment of the business of the Company and, to the extent relevant, its Subsidiary subsidiary undertakings as against the requirements of the Business Principles.

Business Principles. The Company agrees and undertakes to the Investors that the business of the Company will be designed and carried on in accordance with the following business principles (collectively, the “Business Principles”), namely, in a way that: (a) provides safe and healthy working conditions for its employees and contractors; (b) encourages the efficient use of natural resources and promotes the protection of the environment; (c) treats all employees fairly in terms of recruitment, progression, remuneration and conditions of work, irrespective of gender, race, color, language, disability, political opinion, age, religion, or national/social origin; (d) allows consultative work-place structures and associations that provide employees with an opportunity to present their views to management; (e) takes account of the impact of its operations on the local community and seeks to ensure that potentially harmful occupational health and safety, environmental and social effects are properly assessed, addressed and monitored; (f) upholds high standards of business integrity and honesty, and operates in accordance with local Laws and international good practice (including those intended to fight extortion, bribery and financial crime); (g) implements a social and environmental management system that enables effective identification, management and monitoring of any risks and provides a framework for action; and (h) provides for the reporting of the Companycompany’s compliances with the Business Principles in an annual report by the Company company to its Board in a manner that allows a reader to make an informed assessment of the business of the Company and, to the extent relevant, its Subsidiary the undertakings of the Group Companies as against the requirements of the Business Principles.