Corporate Social Responsibility Policy
Adopted: October 2020
Algoteq is cognizant of the potential impact of its activities on its stakeholders – staff, clients, suppliers, the community in general and the environment.
Actively pursuing social responsibility as an adjunct to pursuit of its business targets allows Algoteq’s business interests to be reconciled with the legitimate interests of those varied stakeholders.
This Corporate Social Responsibility Policy (hereinafter, the “Policy”) establishes a framework, from which Algoteq can develop and strengthen socially responsible behaviour within its businesses and relationships with those stakeholders.
This Policy is in addition to, and is intended to be complementary to, Algoteq’s other related policies:
- WHS policy – including discrimination, harassment and no-bullying policies
- Privacy policy
- Anti-trust law compliance policy
- IT, social media and email policies
This policy is Algoteq’s voluntary and strategic commitment to the goal of achieving business targets, while complying strictly with legal and contractual obligations. It embeds equity, human rights, and rejection of anti-social practices in all business activities.
Algoteq aims to operate with this Policy at the forefront of decision-making, helping build trust with all stakeholders.
Principle 1 – Compliance with applicable law
Algoteq will endeavour at all times to comply with applicable laws in the jurisdictions in which its business is active.
Principle 2 – Corporate governance
Algoteq is committed to ethical corporate governance: transparency, diversity, and rejecting corruption or fraud in all operations.
Principle 3 – Commitment to human rights
- Avoid discrimination and ensure dignity for all.
- Provide a safe, healthy, and inclusive work environment.
- Promote equal opportunity and fair treatment.
- Reject child and forced labour practices.
- Prevent harassment and inappropriate behaviour.
- Respect employee union rights and collective bargaining.
- Offer fair compensation aligned with skills and duties.
- Respect personal privacy and data protection laws.
Principle 4 – Fiscal responsibility
Algoteq commits to meeting its financial obligations responsibly, avoiding unsustainable or unethical financial practices.
Principle 5 – Environmental responsibility
Algoteq supports sustainability through resource efficiency and waste minimisation where practical.
Principle 6 – Avoidance of criminal associations
Algoteq avoids engagement with individuals or organisations known to be involved in criminal syndicates or practices.
Algoteq will regularly conduct training sessions aligned with this and related policies. All staff, especially new hires, must read and acknowledge this Policy as part of onboarding.
Management monitors policy compliance. All staff are accountable and encouraged to uphold the Policy and report concerns or breaches promptly.