Colossus are full participants in the UN Global Compact and are Ambassadors for The Sustainable Procurement Pledge. This is a voluntary initiative based on our CEO’s commitments to implement universal sustainability principles and to take steps to support UN goals.
Corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption.
Code of Conduct
Responsible businesses enact the same values and principles wherever they have a presence, and know that good practices in one area do not offset harm in another. By incorporating the Ten Principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and the planet but also setting the stage for long-term success.
UN Global Compact
The Ten Principles of the United Nations Global Compact are derived from: the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption.
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: The elimination of all forms of forced and compulsory labour;
Principle 5: The effective abolition of child labour; and
Principle 6: The elimination of discrimination in respect of employment and occupation.
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: Undertake initiatives to promote greater environmental responsibility; and
Principle 9: Encourage the development and diffusion of environmentally friendly technologies
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
Sustainable Procurement Pledge
To further build on the United Nations Guiding Principles, Colossus is a member of the IRBC for the metals sector which is a multi-stakeholder instrument for implementing (individual and collective) due diligence covering the entire metals supply chain. Through the agreement the parties and supporting organisations come together to improve the lives and livelihood of both the people in the metals supply chain, and the natural environment at risk from specific activities and operations within a predetermined period. The Agreement is therefore open to relevant organisations, initiatives and companies active in different nodes of the metals supply chain at the national, regional and global level and that endorse its goals and aspirations.