VALUE THROUGH INNOVATION

Compliance & Risk Management
Policies,
Code of
Conduct
IMS,
ENHESA
Compliance &
Risk Management
Mission
We give utmost importance to total compliance and take steps
pro actively even if administration of a certain regulation is weak
in a geography. We implemented IT enabled ENHESA regulation
compliance module in order to evaluate our compliance performance.
We have achieved 90% score on this module and plans are on to
reach the full 100% score. In the next year we plan to implement
Regulatory Compliance and Management (RCM) module which is a
regulatory compliance tracker mechanism.
During the reporting period, we paid a fine of USD 0.04 Mln(for the
year 2014) as per the Persons with Disabilities Empowerment Act
BE 2550 to the Thai Government for not engaging and providing
livelihood opportunities for physically disabled persons during 2011.
We had shut down the unit on account of the flood which ravaged
our premises. We have paid the fine and recognized that even during
the non operational periods, such compliance obligations have to be
addressed.
Guided by our business strategy and periodic updating of risk matrix,
we identify areas and projects for improvement, assess feasibility
and prioritize the projects. After careful consideration, as per priority,
projects are taken up and implemented. While selecting such projects,
sustainability aspects are duly and diligently considered.
Compliance & Risk Management
00
01 90
Noted violations, fines (2015-16) : 1 ENHESA Compliance Score (2015-16) : 90 Number of Whistles blown (2015-16) : 0
Target for 2017 : 0
Target for 2017 : 100
Target for 2017 : 5
INDO THAI SYNTHETICS SUSTAINABILITY REPORT 2016 | 20