GEI Mekong’s Board of Directors oversees the company’s commitment to, and implementation of its Charter of Environmental, Social and Corporate Governance (ESG) and Code of Ethical Conduct. The company’s four pillars of corporate governance focus on accountability, transparency, fairness and responsibility.
Sound corporate governance is necessary for effective, entrepreneurial and prudent management that can deliver long-term success for GEI Mekong and its stakeholders. The company executes governance through policy, regulation, structure and international best practices.
GEI Mekong’s ESG is embedded into the company’s corporate strategy, responsibility and culture which combine to generate value for its financiers, employees, suppliers, customers and other stakeholders.
GEI Mekong is naturally aligned with the values and impact of ESG through the nature of its business, its services and products.
The Charter of Corporate governance and Code of Ethical Conduct include commitments to corporate practices and business compliance using policies and procedures, including compliance focal points in the company’s executive management and operation teams, education, training and capacity building for all staff, monitoring, reporting and auditing systems, enforcement provisions and responding to complaints and issues which arise from time to time.
Due Diligence and Risk Assessments
GEI Mekong has adopted a due diligence and risk assessment framework that enables our company to reduce exposure to risks that may affect our operations and business reputation. Everyone associated with GEI Mekong, including our employees, partners, suppliers and distributors, must abide by this framework.
Competition Compliance
GEI Mekong is committed to anti-collusion practices that undermine fair competition for public and private tendering. These include price fixing and bid rigging, intentionally limiting production capacity, creating preferred tender lists based on personal relationships rather than performance, unfairly boycotting customers or suppliers and other practices that undermine fair competition.
Non-Discrimination
GEI Mekong is committed to equality, human rights and non-discrimination based on sex, gender, race, colour, language, cultural and religious beliefs. Freedom of speech and opinions is encouraged within the company to foster open dialogue.
Compliance with National Labour laws
GEI Mekong complies with the national labour laws of the countries we operate in. These include conformance to specified maximum working hours, equal pay for men and women, leave entitlements, occupational health and safety, high standards of employees accomodation and contribution to nationally determined employee retirement funds, GEI Mekong prohibits workplace harassment in all its forms.
Abolition of Child Labour and Disengagement with Modern Slavery
GEI Mekong operates in many developing communities where the waste management sector is often characterised by child labour in the form of street pickers and waste pickers. Supporting waste picker families through safer and higher-paid employment opportunities and supporting children to attend school is central to our Corporate Social Responsibility program.
Confidentiality and Non-Disclosure Agreements
Importantly, GEI Mekong protects the privacy of, and extends the highest standards of confidentiality to, individuals, businesses and government agencies. Non-disclosure agreements signed with individuals and businesses are signed and implemented as standard business procedures to protect mutually commercially sensitive information.
Independent Financial Auditing
GEI Mekong’s company accounts are subject to annual external financial auditing including tax audits undertaken by Department of Taxation and audits required by investors.
Working with Governments
GEI Mekong maintains ethical relationships with governments and their agencies, officials and personnel. Our ability to conduct business is directly affected by government decision-making and it is important we have open and constructive relationships with government.