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Compliance

Guma Group

Compliance

ESG and Corporate Governance Statement
Compliance to Regulatory Frameworks

Introduction

The Guma Group of Companies is deeply committed to Environmental, Social, and Governance (ESG) principles and to maintaining the highest standards of corporate governance and compliance. This statement outlines the various initiatives, policies, and practices that Guma has put in place to ensure responsible business conduct.

ESG / Environmental Statement

  • Sustainability Goals: Guma is committed to reducing its carbon footprint and has set ambitious sustainability goals in line with international standards such as the Paris Agreement.
  • Resource Management: The company employs responsible resource management practices, including waste reduction and recycling initiatives.
  • Community Engagement: Guma actively engages with local communities to support environmental conservation efforts, such as tree planting and clean-up drives.
  • Supply Chain Responsibility: Guma ensures that its suppliers adhere to sustainable practices, thereby extending its environmental commitment across the value chain.

Good Corporate Governance & Compliance

  • Global Standards: The Guma Group adheres to the highest standards of corporate governance, benchmarked against global best practices.
  • Board Oversight: A well-structured board of directors oversees the governance framework, ensuring organisational checks and balances.
  • Ethical Conduct: Guma promotes a culture of ethical conduct and integrity among its employees, management, and board members.

Corporate Compliance

  • Dedicated Team: Guma companies have a specialized team responsible for overseeing compliance across all business units and geographies.
  • Regular Audits: Internal and external audits are conducted regularly to ensure compliance with legal and regulatory requirements.
  • Training and Awareness: Employees undergo regular training sessions to stay updated on compliance norms and ethical business practices.

Anti-Corruption & Fraud Policy

  • Zero-Tolerance Approach: Guma companies have adopted a strict anti-corruption and fraud policy, demonstrating zero tolerance towards any form of unethical behavior.
  • Protection of Stakeholders: This policy aims to protect the integrity and reputation of the founder family, management, staff, clients, and all other stakeholders.

Whistleblower Mechanism: A secure and anonymous whistleblower mechanism is in place to report any instances of corruption or fraud.

ESG / Environmental Statement

  • Sustainability Policy: Aligned with the Paris Agreement and the United Nations Sustainable Development Goals (SDGs).
  • Waste Management Policy: Compliant with the African Union's Agenda 2063 and local environmental regulations.
  • Water Conservation Policy: Adheres to the Water Framework Directive (WFD) and local water conservation laws.

Social Policies

  • Diversity and Inclusion Policy: In line with the African Charter on Human and Peoples' Rights and the United Nations' Universal Declaration of Human Rights.
  • Employee Well-being Policy: Compliant with the Occupational Safety and Health Act (OSHA) and similar international standards.
  • Community Engagement Policy: Aligned with the African Union's Social Policy Framework for Africa.

Governance Policies

  • Corporate Governance Policy: Adheres to the King IV Report on Corporate Governance for South Africa, the Sarbanes-Oxley Act for U.S. operations, and the UK Corporate Governance Code for European operations.
  • Ethical Conduct Policy: Compliant with the African Union Convention on Preventing and Combating Corruption.
  • Data Protection Policy: Adheres to the General Data Protection Regulation (GDPR) in Europe and the Protection of Personal Information Act (POPIA) in South Africa.

Compliance Policies

  • Regulatory Compliance Policy: Compliant with the African Union's Malabo Convention on Cybersecurity, Personal Data Protection, and other relevant international laws.
  • Financial Reporting Policy: Adheres to the International Financial Reporting Standards (IFRS) and local accounting standards.
  • Anti-Money Laundering Policy: Compliant with the Financial Action Task Force (FATF) guidelines and local anti-money laundering laws.

Anti-Corruption & Fraud Policies

  • Anti-Corruption Policy: Aligned with the United Nations Convention against Corruption and the African Union Convention on Preventing and Combating Corruption.
  • Fraud Prevention Policy: Compliant with the U.S. Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.
  • Whistleblower Policy: Adheres to the Dodd-Frank Wall Street Reform and Consumer Protection Act in the U.S. and similar legislation in other jurisdictions.

Supply Chain and Customer Relations Policies

  • Supplier Code of Conduct: Compliant with the African Union's Business and Human Rights Guidelines.
  • Conflict Minerals Policy: Adheres to the Dodd-Frank Act Section 1502 and the OECD Due Diligence Guidance for Responsible Supply Chains.
  • Customer Privacy Policy: Compliant with the California Consumer Privacy Act (CCPA) for U.S. operations and GDPR for European operations.

Quality Assurance Policy: Aligned with ISO 9001 Quality Management Systems and other relevant international standards.