Communication on Progress

Communication on Progress

Participant
Published
  • 23-Nov-2021
Time period
  • November 2020  –  November 2021
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.

  • 23 November 2021

    To our stakeholders:

    I am pleased to confirm that Rubio Impact Ventures 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.

    Sincerely yours,

    Willemijn Verloop
    Founding Partner

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.

  • Reference to (statement of support for) the Universal Declaration of Human Rights or other international standards

  • Implementation

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

  • 1) Ensure workers are provided safe, suitable and sanitary work facilities
    2) Protect workers from workplace harassment, including physical, verbal, sexual or psychological harassment,
    abuse or threats.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Periodic review of results by senior management

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.

  • Assessment of labour-related risks in the industry sector and country(ies) of operations

  • Implementation

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

  • 1) Ensure that the company does not participate in any form of forced or bonded labour
    2) Comply with minimum wage standards
    3) Ensure that employment-related decisions are based on relevant and objective criteria
    4) Inclusive HR policies

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Periodic review of results by senior management

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.

  • Assessment of the environmental footprint and impact of the company

    circular solutions
    We back resourceful entrepreneurs re-imagining and developing the products and services we use every day, and whose focus on circular technologies and business models enable the accelerated transition to a clean and healthy planet.

    people power
    We back businesses empowering people to create sustainable livelihoods, championing education and employment opportunities.

    healthy living
    We support entrepreneurs who are creating positive change in nutrition, fitness, and medicine, with a strong emphasis on vulnerable beneficiaries such as the young and the old, the disabled and the ill, and lower income classes.

  • Implementation

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

  • - Avoid environmental damage via regular maintenance of production processes and environmental protection
    system (air pollution control, waste, water treatment systems, etc.)
    - Environmental management system to identify, monitor and control the company's environmental performance (i.e. circular solutions, people power and healthy living)

  • Measurement of outcomes

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

  • Periodic review of results by senior management

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.

  • 1) Assessment of risk of corruption and bribery in the company’s industry and country(ies) of operation
    2) Written company policy of zero-tolerance for corruption, bribery and extortion

  • Implementation

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

  • 1) Assess the risk of corruption when doing business
    2) Mention “anti-corruption” and/or “ethical behaviour” in contracts with business partners
    3) Ensure that internal procedures support the company’s anti-corruption commitment

  • Measurement of outcomes

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

  • 1) Information about how the company deals with incidents of corruption
    2) Internal audits to ensure consistency with anti-corruption commitment, including periodic review by senior management
    3) External audit of anti-corruption process which is part of the annual financial audit