CODE OF CONDUCT
NEDA’s general code of business conduct is to:
- openly comply with all applicable laws and regulations and properly record, report and review financial and tax information;
- prohibit the making of payments as improper inducement to confer preferential treatment on the fund, its agents or advisers;
- clearly define responsibilities, controls and expectations;
- operate in conformity with OECD Guidelines for multinational enterprises including conventions on anti-corruption, bribery and money laundering;
- operate in conformity with the UN Norms on the responsibilities of business enterprises with regard to human rights;
- partner with companies that have adopted or are prepared to adopt the Equator principles or the IFC Performance Standards.
NEDA’s has the following environmental objectives:
- To protect and enhance the environment in which it operates and to encourage the efficient use of natural resources.
- To assess the environmental impact of its operations, taking all reasonable steps to mitigate any risks and, where appropriate, develop, implement and regularly evaluate an environmental management plan;
- To conduct formal environmental assessments (EA) consistent with international best practices (e.g. World Bank);
- To act and operate in compliance with local environmental laws and regulations.
NEDA has the following social objectives:
- To treat fairly all of its employees and contractors, and to respect their safety, dignity, well-being and diversity;
- To work towards full compliance with the ILO Fundamental Conventions and with the UN Declaration of Human Rights;
- To place significant emphasis on local recruitment and training;
- To take account of its impact on employees, contractors, the local community and all others affected by its operations (through appropriate consultation in cases involving resettlement, cultural property, indigenous peoples or other issues where the negative impact could be significant) and take steps to mitigate any risks;
- To pay wages which meet or exceed industry or legal national minima;
- To treat their employees fairly in terms of recruitment, progression, terms and conditions of work and representation, irrespective of gender, race, colour, disability, political opinion, sexual orientation, age, religion, or social or ethnic origin;
- To allow consultative work-place structures and associations which provide employees with an opportunity to present their views to management.
NEDA has the following Health and Safety objectives:
- To create safer and healthier working conditions for employees and contractors;
- To safeguard the health and safety of the communities affected by NEDA’s activities;
- To assess the specific risks arising from work activities or the operating environment and to introduce measures to eliminate or reduce those risks.