Communication on Progress

Communication on Progress 2013

Participant
Published
  • 12-Jun-2013
Time period
  • June 2012  –  June 2013
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • To our stakeholders:

    I am pleased to confirm that Cosmos Metal Engineering Pte Ltd reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

    In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

    Yours Sincerely,
    Roy Lim
    Managing Director

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • Cosmos respects and supports the Universal Declaration of Human Rights in our operation.

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • Our Human Resources department is in place to receive employees’ issues and suggestions to improve the overall quality of the work environment and offers mediation and resolution to any problems or grievances in the work place.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • To date the company has not been subject to any investigations, legal cases or incidents involving Human Rights violations.

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • Our company covers policies concerning employees’ rights and responsibilities and their compensation and benefits in accordance with the Singapore Labour Law.

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • Cosmos is aware of the topic and its relevance in the case of labour risks and violations.
    All employees are entitled to medical benefits.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Our Human Resources and senior management work in hand to ensure that all employees are treated equally in the work place.

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • Cosmos is aware of the environmental issues and is committed to practice when economically viable.

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • We have in place a system to separate and recycle waste and actively promoted it to our staff.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • Cosmos has not had any environmental incidents within the last year and has not been subject to any statutory notices or prosecutions.

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • Due to Singapore culture, the company is aware and support anti-corruption and its relevance.

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • No formal measures are in place but the issue is taken into account by the management in its daily business of running the company.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • Cosmos has not been involved in any legal cases, rulings or other events related to corruption and bribery.