ESG Policy
1. Introduction
Paprsky is committed to operating ethically, reducing environmental impact, and driving positive social outcomes across our global operations. Our ESG Policy defines the principles, roles, and processes by which we integrate Environmental, Social, and Governance considerations into every decision—from product design and sourcing to client delivery and investor reporting.
2. Purpose & Scope
Purpose:
To ensure Paprsky and its twelve divisions consistently embed sustainability, equity, and integrity into our business model, in alignment with UN Sustainable Development Goals (SDGs), Women’s Empowerment Principles (WEP), and ISO/UNGC standards.
Scope:
All Paprsky legal entities, subsidiaries, joint ventures, suppliers, and business partners worldwide, across Energy, LOTO Safety, Manufacturing, AI Robotics, Luxury, Gourmet, Haute Couture, Consumables, Design, Aerospace, Organisation (NGO), and Advisory divisions.
3. Governance & Accountability
- Board Oversight: Our Board of Directors receives quarterly ESG performance updates and approves the annual ESG report.
- ESG Steering Committee: Chaired by the CEO, comprising division heads (Energy, Advisory, Organisation, etc.), Sustainability, Legal, and HR leads to set targets, review progress, and ensure compliance.
- Division ESG Champions: Each division appoints an ESG Champion responsible for local execution, data collection, and corrective actions.
4. Environmental Principles
Climate Action
- Commit to net‑zero operations by 2035 across all facilities (Energy Innovation Centers, Manufacturing Units, Labs, offices).
- Reduce Scope 1 & 2 emissions via on‑site solar, hybrid energy systems, and energy‑efficiency upgrades.
Resource Stewardship
- Implement water‑saving and waste‑reduction processes circular design in Luxury & Fashion, zero‑waste fabrication in Manufacturing.
- Adopt green packaging standards—biodegradable/recyclable materials across Gourmet, Haute Couture, and Consumables.
Supply Chain Sustainability
- Require all suppliers to hold ISO 14001 or equivalent environmental certification; integrate environmental criteria into vendor onboarding and audits.
- Promote local and regenerative sourcing for textiles, food ingredients, and component materials to reduce transport footprint.
5. Social Principles
Women’s Empowerment & Diversity
- Endorse the UN Women’s Empowerment Principles (WEP); set division‑specific targets (e.g. 40 % women in leadership by 2027).
- Offer mentorship, training, and inclusive procurement programs—prioritizing women‑owned suppliers in LOTO Shop, Energy, and Fashion divisions.
Health, Safety & Wellbeing
- Maintain ISO 45001–certified safety management systems across Manufacturing, Aerospace, and Robotics facilities.
- Apply best practices in LOTO safety, ergonomics, and mental health support for all employees and contractors.
Community Engagement & Philanthropy
- Through Paprsky Organisation, invest in disaster relief, education, and clean‑energy access programs that align with SDG 5, 10, and 13.
- Encourage employee volunteering and match‑fund community projects.
6. Governance Principles
Ethical Conduct & Compliance
- Enforce a global Code of Conduct covering anti‑corruption (UNGC Principle 10), data privacy, human rights, and fair competition.
- Provide regular training and an anonymous whistleblower channel with zero tolerance for retaliation.
Transparency & Reporting
- Publish an annual ESG & Impact Report aligned to GRI Standards and TCFD recommendations.
- Disclose progress on key metrics—carbon emissions, diversity ratios, audit findings—on www.paprskyservices.com/esg.
Risk Management
- Integrate ESG risk assessments into enterprise‑risk processes; review environmental and social risks during project planning (e.g. new manufacturing sites).
- Maintain business continuity and supply‑chain resilience plans, including vendor audits and scenario‑based stress tests.
7. Monitoring & Continuous Improvement
- KPIs & Targets: Track and publish targets—e.g. 25 % reduction in waste, 30 % renewable energy share, 40 % women leaders.
- Third‑Party Assurance: Engage external auditors to verify ESG disclosures and supply‑chain compliance.
- Stakeholder Feedback: Solicit input from investors, clients, employees, and NGOs to refine our policy and programs annually.