21 Corporate Governance and Business Ethics Fostering Action on Climate Change Fostering Responsible Supply Chains Fostering an Inclusive Workplace Charting the Path to Sustainable Growth GRI Index Arise IIP | Sustainability Report 2023 economy waste management philosophy. Approximately 40% of the wood waste generated by timber industries is now being used in our particle board manufacturing units. At Benin, the cashew nut shell waste is utilized as a bioresource in our cashew nutshell liquid production for use in the paints, varnishes, surface coatings, agrochemicals and ethnomedicine industries. For us, circularity is an opportunity for maintaining economic sustainability and supporting climate action at the corporate level. Pillar III: Diversity, Equity, and Inclusion We are striving to foster a sustainable ecosystem that promotes job creation and supports local development. We aim to create a diverse workforce, empower the marginalized, and create safe working environments. Our objective is to ensure that our workforce has access to the essential resources, opportunities, and support systems required for them to achieve their maximum potential. We believe that a diverse workforce leads to better decisionmaking, increased innovation, and overall improved performance. By ensuring equal representation of both genders in our SEZs, we are creating a more inclusive and supportive work environment where all employees have the opportunity to thrive and succeed. Our commitment to gender neutrality goes beyond just numbers - we also prioritize creating a culture of respect, equality, and empowerment for all employees. We provide equal opportunities for career advancement, offer training and development programs to support the growth of all employees, and actively work to eliminate any biases or barriers that may exist in the workplace. By promoting a culture of continuous learning, cultivating leadership skills, and fostering strong employee engagement, we contribute to the improvement of both individual and collective performance. Pillar IV: Responsible Supply Chain Given that sourcing and processing of natural commodities is one of the core operations at ARISE IIP, we recognize the importance of understanding the sustainability dimensions of each commodity’s supply chain and managing the risks and opportunities along the supply chain. We have collaborated with the Rainforest Alliance to establish sustainability frameworks in order to establish new standards for responsible supply chain and sustainability. Additionally, we have achieved organic certification of soybean value chains in Togo and Benin ensuring complete traceability and demonstrating ethical practices throughout the supply and consumption chain. We strive to utilize our business relationships with suppliers to promote ethical and sustainable practices. Simultaneously, we aim to evaluate and mitigate Environmental, Social, and Governance (ESG) risks within its value chain. Our Supplier Code of Conduct outlines its expectations regarding Business Ethics, Environmental Standards, Labor and Human Rights. All suppliers are required to adhere to the guidelines stated in the code. Currently, during the vendor onboarding process we evaluate compliance with specific regulations and criteria such as, wood material obtained must be Forest Stewardship Council (FSC), Programme for the Endorsement of Forest Certification (PEFC) schemes or equivalent certification.
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