Introduction

Cherat Packaging Limited is committed to integrating Environmental, Social, and Governance (ESG) considerations into its business strategies and operations; it has been taking numerous initiatives at both the plants, regional offices and head office. It recognizes that responsible management of these factors is essential for the long-term success of the company and for creating sustainable value for all its stakeholders.

Purpose

The purpose of this statement is to outline and map our continuing commitments towards sustainability, social responsibility, and good governance. It provides a framework for incorporating ESG considerations into our decision-making processes, risk management, and reporting.

This policy supersedes the previously approved Social and Environmental Responsibility Policy of the Company as it extensively addresses the Environment, Social & Governance guidelines.

Scope

This statement applies to all employees, officers, and directors of Cherat Packaging Limited. We also expect our business partners, suppliers, and contractors to adhere to similar principles.

1. Environmental Responsibility Our commitment towards minimizing our environmental footprint and promoting environmental stewardship includes:
   1. Climate Change: Assessing and mitigating the risks and opportunities associated with climate change.
   2. Energy and Emissions: Reducing greenhouse gas emissions through energy efficiency, renewable energy, and other measures.
   3. Sustainable Resource Management: Efficiently using natural resources and reducing waste.
   4. Pollution Prevention: Preventing pollution and minimizing environmental impacts from our operations.
   5. Biodiversity and Land Use: Protecting biodiversity and responsibly managing land use.
2. Social Responsibility Our commitment towards making a positive impact on society by promoting social equity, diversity, and community well-being includes:
   1. Diversity and Inclusion: Fostering a diverse and inclusive workplace where all employees are treated with respect and have equal opportunities.
   2. Employee Well-being: Ensuring a safe, healthy, and supportive work environment for our employees.
   3. Community Engagement: Actively engaging with and supporting the communities where we operate.
3. Governance Our commitment towards maintaining strong governance practices that promote transparency, accountability, and ethical behavior includes:
   1. Risk Management: Integrating ESG risks into our risk management framework.
   2. Board Oversight: Ensuring effective oversight of ESG matters by our Board of Directors.
   3. Reporting: Providing transparent and accurate reporting on our ESG performance.
   4. Compliance: Adhering to all applicable laws, regulations, and industry standards.
   5. Ethical Business Practices: Conducting our business with the highest ethical standards and integrity.