GLOBAL COMPACT

Recognition of the United Nations Global Compact Principles

The AVK Group realises that a global presence demands high ethical standards. Throughout our organisation and in all our actions we therefore recognise the principles laid out in the United Nations Global Compact document, which is a set of core values in the following areas:

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human
rights; and

Principle 2: make sure that they are not complicit in human rights abuses.

Labour Standards

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4: the elimination of all forms of forced and compulsory labour;

Principle 5: the effective abolition of child labour; and

Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies

Anti-corruption

Principle 10: Businesses should work against all forms of corruption, including extortion and bribery.

High ethical standards and recognition of the above-mentioned principles along with an evolving set of policies form an integral part of the day-to-day operation of our business.