Social and Environmental Policy

Purpose

This Environmental and Social Policy addresses Satin’s commitments regarding the environmental and social dimensions of sustainable development. The purpose of this policy is to identify effective social and environmental practices and provide guidance to Satin’s staff on undertaking activities in an environmentally responsible manner. Satin strives to avoid adverse impacts on its employees, communities, and the environment, or if avoidance is not possible, to reduce, mitigate, or compensate for the impacts, as appropriate.

Social Policy

Satin will make sure that working conditions in the organisation meet (or exceed) international labour standards. Satin will also make sure that:

  • There is no forced labour and employment is freely chosen
  • The right of freedom of association is respected and encouraged by the employer
  • No child labour is used
  • Living wages are paid (wages should always be enough to meet basic needs and to provide some discretionary income)
  • No harsh treatment is used or discrimination practiced
  • Workers are not pressurized to undertake overtime they do not wish to do
  • A safe and hygienic working environment shall be provided
 

In particular, Satin will:

  • Create safe and healthy working conditions, and protect and promote the health of all workers for whom it is a Principal Employer;
  • Avoid or minimize adverse impacts on human health and the environment by avoiding or minimizing pollution from its Operations including measures to abate emissions that contribute to climate change;
  • Avoid or minimize risks to and impacts on the health and safety of the local community from its Operations (on account of both routine and non routine circumstances);
  • Ensure that the safeguarding of personnel and property is carried out in a legitimate manner that avoids or minimizes risks to the community’s safety and security;
  • Protect and conserve biodiversity by avoiding habitat destruction or degradation particularly of natural and critical habitat as also protected areas; and ensure access of communities to natural resources on which their livelihoods depend;
  • Avoid adverse impacts of its operations on communities of indigenous people, or when avoidance is not feasible, to minimize, mitigate, or compensate for such impacts , and to provide opportunities for development benefits, in a culturally appropriate manner;
  • Ensure that the development process fosters full respect for the dignity, human rights, aspirations, cultures and natural resource-based livelihoods of indigenous people;
  • Respect and preserve the culture, knowledge and practices of indigenous people;
  • Protect cultural heritage from the adverse impacts of its Operations and support its preservation.

Satin will ensure that affected communities are appropriately engaged on issues that affect them through:

  • Prior disclosure of relevant information in a timely and culturally appropriate manner;
  • Effective and ongoing consultation with affected communities; and
  • Implementation of an effective community grievance redressal mechanism.

Environmental Policy

Satin recognizes the importance of implementing sound environmental practices throughout its office-based activities and will continue to integrate sustainable environmental practices into its daily office based activities by:

  • Seeking to minimize adverse environmental impacts from operations;
  • Working towards continuously improving our environmental performance.

Satin will, within the context and constraints of its business:

  • Operate in an environmentally responsible manner and where practical, reduce energy, waste and other resources; 
  • Provide an environmentally sound workplace and implement environmentally sound work practices;
  • Monitor our programs and implement processes of continuous improvement; and
  • Develop an environmentally responsible culture across all levels of our organisation and consult, educate, train and motivate staff about their environmental responsibilities.

In addition, Satin has adopted IFC’s Exclusion List which defines the types of projects that it will not finance. As per the IFC’s Exclusion List, Satin will not finance the following projects:

  • Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements.
  • Production or trade in weapons and munitions.
  • Production or trade in alcoholic beverages (excluding beer and wine).
  • Production or trade in tobacco.
  • Gambling, casinos and equivalent enterprises.
  • Trade in wildlife or wildlife products regulated under CITES.
  • Production or trade in radioactive materials.
  • Production or trade in or use of unbounded asbestos fibers.
  • Purchase of logging equipment for use in primary tropical moist forest.
  • Production or trade in pharmaceuticals subject to international phase outs or bans.
  • Production or trade in pesticides/herbicides subject to international phase outs or bans.
  • Drift net fishing in the marine environment using nets in excess of 2.5 km. in length.   
  • Production or activities involving harmful or exploitative forms of forced
  • Labor/harmful child labor.
  • Commercial logging operations for use in primary tropical moist forest.
  • Production or trade in products containing PCBs.
  • Production or trade in ozone depleting substances subject to international phase out.
  • Production or trade in wood or other forestry products from unmanaged forests.
  • Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals.
  • Production or activities that impinge on the lands owned, or claimed under adjudication, by Indigenous People, without full documented consent of such people.

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