Page 21 - SAGT Sustainability Report 2022 2023
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SUSTAINABILITY REPORT 2020/21  19

assigning clear objectives for specific roles.  GRI 205: Anti-Corruption Practices                SAGT maintains formal contracts to engage
The Senior Management Team consists of                                                            with principal shipping lines while at an
09 members, including the CEO and relevant      At SAGT, sustainable economic performance         operational level, day-to-day interactions take
departmental GMs/DGMs (HR, Operations,          enables the creation of greater stakeholder       place with their nominated representatives.
Commercial & Marketing, I.T, Finance,           value. It is achieved by entrenching corporate    Interactions with our providers of capital
Engineering).                                   governance, environmental stewardship             –primary shareholders and financiers - are
                                                and social responsibility of the very highest     continuous while disclosures therein go
The Management Committee consists of 20         standards in our operations.                      beyond statutory requirements.
Members including the CEO, all GMs and
selected Managers across the Company.           SAGT considers ethical business practices         Suppliers engage with SAGT’s Procurement
Out of the 20 members there is one female       to be an organisational norm that trickles        Division engages daily while the division
member, and the CEO chairs the committee.       down from the top management down to the          makes effort to raise awareness about
                                                individual employee. SAGT’s Code of Conduct       sustainability through focused engagement
The areas that come under the purview of the    is the key tool in reinforcing ethics and         with significant suppliers. Further details on
SMT / MC are the KPI’s set out under SAGT’s     integrity. All new recruits are expected to read  stakeholder engagement are provided in
Sustainability Management Framework,            and sign their acceptance of SAGT’s code of       the ‘Sustainability Integration’ section of this
including the Company’s Carbon Footprint,       conduct along with their letter of appointment.   report.
Water Management, Energy Consumption,           They are also informed of remedial actions
Health & Safety, Waste Management and           and disciplinary actions that would result from   Understanding the specific concerns of
other compliance based KPIs. Quarterly          any violations of said code. Various channels,    stakeholders is important to determining
reviews of these indicators allow the SMT       including the Company’s Whistleblowing Policy     SAGT’s response. To this end, SAGT undertook
and MC to take corrective action with regard    is in place to allow employees to report any      an internal stakeholder engagement
to any potential environmental and social       breaches of the code (with the assurance of       perception study in 2019. Details of this study
risks, and also establishes the groundwork      non-disclosure). Alternatively, employees can     including its methodology and outcomes are
for implementation of green initiatives and     report incidents directly to the CEO via email.   provided in the “Sustainability Integration”
systematically drive SAGT’s Corporate Social                                                      section of this report.
Responsibility (CSR) agenda. A detailed         Meanwhile SAGT’s zero tolerance approach
overview of the Sustainability Management       towards corruption is enforced through the        Employee engagement is driven through a
Framework is provided in the “Sustainability    Company’s Anti-Corruption Policy which            comprehensive set of policies, processes
Integration’’ section of this Sustainability    contains guidelines and frameworks to enact       and systems designed to ensure effective
Report.                                         disciplinary action, should the need arise. The   recruitment, development and retention of
                                                risk of corruption is assessed as part of the     employees and to empower them in their roles.
The SMT and MC meet regularly to discuss        risk management process at each business          Employee engagement includes :
key areas under their purview and ensure        unit and preventative and mitigation plans are
ongoing improvement. The agendas of the         put in place to reduce such risks.                i.	 Involving all levels of employees when
SMT and the MC are carefully structured to                                                             departmental plans are formulated under
avoid duplication of effort and to ensure that  There were no incidences of corruption during          the leadership of top management and
discussions and debates are complementary,      the reporting year.                                    other senior staff. By adopting a bottom-
both in terms of a bottom-up and top-down                                                              up approach, employees are empowered
flow of information and accountability.         Stakeholder Engagement                                 to become part of policy development.
Meeting schedules are communicated to the
participants well in advance.                   The diversity of SAGT’s stakeholder base          ii.	 Committee structures in practice allow
                                                necessitates interaction through multiple              all employees access to every level of
The Senior Management Team (SMT) meets          means using both formal and informal                   management.
on a daily basis, the Management Committee      channels.
(MC) meets on a monthly basis. Owing to the                                                       iii.	 Employees are encouraged to express
COVID-19 pandemic, the daily SMT meetings       Many of these interactions are undertaken              new ideas, constructive criticism and
were conducted via MS Teams. In the absence     at regular intervals and in the spirit of              feedback through an open-door policy
of a compelling reason, attendance at SMT       transparency.                                          which serves as the basis of more
and MC meetings was made mandatory for                                                                 informed decision making.
the respective Committee members.
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