Business Principles
Our core values of honesty, integrity and respect for people form the basis of the EMMC General Business Principles. We are judged by how we act. Our Business Principles are based on our core values and indicate how we promote trust, esteem, teamwork and pioneering, and pride in what we do. These Principles formally state how we want to conduct ourselves in day-to-day business. As part of these principles, we commit to contribute to sustainable development and integrating economic, environmental, and social considerations into our decision making.
Code of Conduct
EMMC is a company operating in a challenging environment. Our Code of Conduct guides team members on how to apply the EMMC General Business Principles in line with our core values. It provides practical advice on how to relate to customers and communities, and how to comply with laws and regulations.
Regulatory requirements placed upon us have never been more complex or demanding. The EMMC Code of Conduct clarifies the standards we expect our team to follow and the behaviors we expect them to adopt.
Our integrity and reputation depend on our ability to do the right thing, even when it is not the easy thing, in the right way. The Code of Conduct is a collection of rules and policy statements intended to assist team members and directors in making decisions about their conduct in relation to the firm’s business. The Code is based on our fundamental understanding that no one at EMMC should ever sacrifice integrity, or give the impression that they have, even if they think it would help the firm’s business.
Corporate Governance
The board is responsible for the direction and oversight of EMMC for all aspects of EMMC’s business. The board believes that good governance involves the clarity of roles and responsibilities, and the proper utilization of distinct skills and processes. The board therefore focuses on activities that enable it to promote interests, such as the active consideration of strategy, the monitoring of executive action, and ongoing board and executive management succession. To achieve this, it has developed and approved a set of corporate governance principles.
Sustainability
Sustainable Development is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
It refers to the “interdependent and mutually reinforcing pillars” of Sustainable Development as economic development, social development, environmental protection and the newly cultural diversity which becomes “one of the roots of development as a means to achieve a more satisfactory intellectual, emotional, moral and spiritual existence
Sustainability is a process that commands the development of all aspects of human life affecting sustenance. It entails resolving the conflicts between the various competing goals and involves the simultaneous pursuit of economic prosperity, environmental quality and social equity with the resultant vector being technology, hence it is a continually evolving process; the process of achieving sustainability, otherwise known as the “journey”, is of course vitally important, but only as a means of getting to the “destination” or the desired future state. However, the “destination” of sustainability is not a fixed place in the normal sense that we understand the destination. Instead, it is a set of wishful characteristics of a future system.
Sustainable Development is generally differentiated from Green development, in that Green development prioritizes what its proponents consider to be environmental sustainability over economic and cultural considerations. Proponents of Sustainable Development argue that it provides a context in which to improve overall sustainability where cutting edge Green development is unattainable.
Sustainability Development in EMMC
Sustainability is integral to all aspects of our business. We strive to balance economic, environmental, and social objectives and integrate them into our daily business decisions. With the rapid increase of new business opportunities in the realm of social entrepreneurialism, it is vital to design ourselves to be financially profitable, socially beneficial, and ecologically sustainable in order to reach this expanding market. These global needs are framed as opportunities for our private enterprise to provide innovative and entrepreneurial solutions.
Environmental Protection
In order to avoid a catastrophic breakdown of climates or ecosystems our company endeavors to benefit the natural order. By carefully managing our consumption of energy and reducing manufacturer waste in a safe and legal manner, we strive to keep the environment as pristine as possible, curtailing our environmental impact and ecological footprint through partnerships with environmental experts and by using new technologies like using Garnet we are finding ways to help lessen the impact of our operations on the environment.
Social Development
We supply industrial equipments that help support the economic growth of our country and its development. At the same time we address the concerns of local communities surrounding our operations, upholding our reputation and protecting our business.
We pay fair salaries to our workers, maintain a safe work environment and tolerable working hours, and do not exploit a community or its labor force.
We contribute to the strength and growth of our employment force by providing health care and educational opportunities.
Safety
Safety first is safety always. We try to prepare and prevent, don’t repair and repent. For us safety is a priceless and effective insurance policy.
Safety is our top priority. Our goal is to have zero fatalities and no incidents that cause harm to our people and members of surrounding communities or put our facilities at risk.
Economic Development
Our profit would be the economic value created by the organization after deducting the cost of all inputs, including the cost of the capital tied up. It, therefore, differs from traditional accounting definitions of profit. In the original concept, within our sustainability framework, the “profit” aspect needs to be seen as the real economic benefit enjoyed by the host society. It is the real economic impact our organization has on its economic environment. In this way, efficient policies remain compatible with increasing human welfare.
We concentrate on maintaining our business attention on its core competency, and cannot be expected to take on concerns outside our core expertise.
The key to consistent profit growth is sustainable revenue growth — sustainable because it results from our ability to satisfy our customers’ fundamental financial needs.
Compliance and Business Ethics
We strive for the highest ethical standards with team members, customers and our communities.
Honesty, trust, and integrity are essential for meeting the highest standards of corporate governance. They are not just the responsibility of our senior leaders and our board of directors, we are all responsible. Corporations do not have a conscience, people do. Our ethics are the sum of all the decisions each of us makes every day. If you want to find out how strong a company’s ethics are, do not listen to what people say, watch what they do. This is even more important in our industry because everything we do is built on trust. It does not happen with one transaction, in one day on the job, or in one quarter, it is earned, relationship by relationship.
We behave ethically when we:
- Value and reward open, honest, two-way communication.
- Hold ourselves accountable for, and are proud of our decisions and our conduct.
- Only make promises we intend to keep, do what we say we will do. If things change, let people know.
- Share information with our colleagues that they need, and let them know if things change.
- Comply with the letter and the spirit of the law.
- Acknowledge and apologize for our mistakes, and learn from our errors so we do not make them again.
We want compliance and risk management to be part of our culture, an extension of our code of ethics. Everyone shapes the risk culture of our company. We encourage all team members to identify and bring risk forward. We should thank them for doing so, not penalize them. We believe an ounce of prevention is worth a pound of cure.