OUR ESG AND SUSTAINABILITY STORY
Since the start of the Covid-19 pandemic in 2020, our primary concern has been the safety of our employees and their families. We have dedicated our time and efforts to strategically improving business continuity, to protect our people and their positions and our customers. We are happy to confirm that those efforts have been successful, and we continue to thrive despite the challenges we all face.
We continue our efforts of becoming a more environmentally sustainable organization by digitalization efforts, developing tools that enable reduction of paper usage, transitioning to sustainable energy sources, and altering our purchasing habits to use more sustainable products for day-to-day consumption in all our labs and offices.
We remain dedicated to promoting good governance throughout the organization. We find constant and unswerving effort must be put in to operate an ethical and fair business. Sustainability is linked to every portion of our business such as in operations, management, investments, relationships, and future development. Sustainability is an integral part of V-TIC’s past, present and future and we believe that our continued commitment to sustainability will have a significant impact on our society.
OUR PRINCIPLES
01
TRANSPARENT REPORTING
We are committed to transparent disclosure, using international reporting standards including the Global Reporting Initiative and Sustainability Accounting Standards Board
02
EQUALITY, DIVERSITY AND INCLUSION
As a company that operates globally, we greatly value diversity of our employees. We respect and embrace the talent brought by our employees from various cultural backgrounds to build up an inclusive and fair working environment
03
COMMUNITY ENGAGEMENT
We see ourselves as part of the communities where we operate. It is our responsibility to bring positive impacts to our community, and we expect to build a vital, collaborative community which continues contributing to the United Nations Sustainable Development Goals (SDGs)
04
INTERNATIONAL FRAMEWORKS
We support the UN Global Compact and are committed to respecting human and labour rights, safeguarding the environment, and working against corruption in all its forms. We also support the UN Sustainable Development Goals and have incorporated the goals where we can make the greatest contribution into our ESG strategy
OUR PROCESS
The sustainability management team at V-TIC Services monitors the performance of various ESG indicators continuously. We understand the critical nature of identifying and prioritizing material issues affecting our business and stakeholders. As a result, we conduct a materiality assessment to identify and rank related ESG topics to ascertain current sustainability strategy priorities.
In this assessment, external stakeholders have given priority to Governance factors like Anti-corruption & Anti-bribery, Regulatory & Legal Compliance, Cyber Security & Data Protection, while Internal stakeholders focus more on factors like Economic Performance & Business Strategy, and Health & Safety.