1. Purpose
This Sustainability Policy establishes Yipintsoi Next's commitment to conducting business in a responsible, transparent, and forward-looking manner. It aims to balance economic growth, environmental stewardship, and social well-being, underpinned by good corporate governance. The policy outlines our guiding principles as follows:
- In full compliance with all applicable laws, regulations, and industry standards
- Balancing business growth with social responsibility and natural resource conservation
- Promoting fairness, equality, and a safe, high-quality working environment
- Operating with transparency and accountability toward all stakeholders
- Supporting sustainable development aligned with national and international goals
2. Scope
This policy applies to all departments, employees, and business operations of the organization, including related activities and projects in all business formats. The scope includes:
- All domestic and international business operations
- Employees at all levels, as well as contractors, service providers, and business partners
- Resources, materials, energy, and waste management throughout the value chain
- Workplace safety, occupational health, and employee well-being
- Community engagement and corporate social responsibility initiatives
3. Operating Principles – Covering Environmental, Social, and Governance (ESG) Aspects
The organization is committed to ESG principles as follows:
- Environmental: Efficient resource use, waste and greenhouse gas emissions reduction, promoting clean energy, natural resource conservation, environmental restoration, and biodiversity conservation
- Social Respect for human rights and the promotion of diversity, inclusion, and equality throughout HR processes, from recruitment, hiring, and development to career advancement and fair working conditions. Discrimination, harassment, and abuse in any form are not tolerated. The company also supports and engages in community development and societal well-being.
- Governance Transparent and lawful business conduct, adherence to ethical and corporate governance principles, risk management, anti-corruption practices, and appropriate stakeholder disclosure
4. Implementation Guidelines
To ensure successful implementation, the company adopts the following guidelines:
- Operate transparently and in accordance with good corporate governance, with stakeholder engagement mechanisms
- Promote effective risk management to prevent and mitigate ESG-related impacts
- Continuously monitor and improve health, safety, and environmental (HSE) performance
- Encourage efficient and economical use of resources, including circular resource use
- Leverage clean technologies and innovation to reduce environmental impacts
- Provide sustainability training and awareness for all employee levels
- Initiate and support community development programs focused on education, livelihood, and well-being
5. Monitoring and Reporting
The organization will regularly monitor and assess sustainability performance using clear KPIs and tracking methods for continuous improvement, including:
- Environmental Metrics: Energy consumption, GHG emissions, waste management
- Social Metrics: Employee training hours, satisfaction scores, social return on investment (SROI)
- Governance Metrics: Disclosure on stakeholder grievance and ethics
- Regular sustainability reporting (at least annually) to be shared with stakeholders
- The policy and practices will be reviewed regularly (e.g., every 1–2 years) to align with new challenges and opportunities.
- Internal audits and evaluations will inform ongoing operational improvements
6. Communication and Stakeholder Engagement
The organization promotes transparent communication of its sustainability policy and performance both internally and externally, through:
- Internal dissemination of the sustainability policy and training for understanding and awareness among all employees
- Public disclosure of sustainability performance through reports, websites, and digital platforms
- Feedback channels for stakeholders to contribute to policy development
- Communicating sustainability expectations and requirements to suppliers and partners for responsible supply chains
- Collaboration with government agencies, private organizations, and NGOs for shared sustainability goals and practices
- Community engagement to foster relationships and better understand local needs
7. Roles and Responsibilities
To ensure effective implementation of the sustainability policy, the following roles and responsibilities are defined:
- Board of Directors: Endorse and oversee the sustainability policy, define direction and allocate necessary resources, monitor and review performance
- Executive Management: Integrate sustainability into organizational strategy and ensure interdepartmental coordination.
- Sustainability Office: Plan, design, and coordinate policy implementation, monitor performance, and report to management
- Managers and Supervisors: Incorporate sustainability into departmental planning and decisions, and support employee adherence
- All Employees: Comply with policy guidelines, prioritize safety and environmental responsibility, and report issues or suggestions as needed.
- Partners and Stakeholders: Participate in policy implementation and practices to support organizational sustainability goals.
- Internal and External Auditors: Conduct regular audits and propose actionable improvements