Our corporate strategy and mission are in line with the principles of sustainable development. By implementing it to the full extent, we strive to increase the profitability of our company, working for the benefit of society. TECHIIA holding integrates high technologies in Ukraine and in the world in order to use them for the benefit of humanity. We develop solutions, that in the future will bring great benefits to society and will be safe both in production and use. This Sustainable Development Policy provides a common understanding of the principles of socially responsible business conduction.
Sustainable development and corporate social responsibility (CSR) are necessary components of TECHIIA's economic activities and strategic development. CSR is a mechanism for implementing the corporate strategy of interaction between the holding with its companies and society, and carrying out its business activities in accordance with the principles of sustainable development and ethical standards.
TECHIIA undertakes to promote sustainable development, and this commitment requires finding a balance between short-term and long-term interests and taking into account economic, environmental and social factors in commercial decision-making.
- We identify four areas of our responsibility.
- We do business in a socially responsible manner, complying with the laws of Ukraine and the countries in which the holding companies operate.
- We uphold basic human rights, remaining within the legal framework of the business. We pay due attention to health, safety and environmental issues.
The main objectives of this document are to provide an overview of our approach to sustainable development and its principles, and to describe the TECHIIA’s policy and its commitment to promoting sustainable development.
All employees of the TECHIIA (including contractor personnel) are responsible for complying with this policy. The policy is brought to the notice of all staff and is publicly available.
We adhere to the principles and provisions of ISO 26000:2010 Guidance on social responsibility, which provides a definition of social responsibility for all types of organizations, whether they are a business, a state-owned enterprise or a non-profit organization: «It is responsibility of an organization for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour that contributes to sustainable development, including health and the welfare of society; takes into account the expectations of stakeholders; is in compliance with applicable law and consistent with international norms of behaviour; and is integrated throughout the organization and practised in its relationships.»
The concept of sustainable development aims to «to ensure that it meets the needs of the present without compromising the ability of future generations to meet their own needs»*. We fully share this definition and will continue to do so by incorporating sustainability principles into our business strategies, plans and processes. In this sense, sustainable development implies and ensures economic efficiency, environmental safety, social justice and ethical behavior, as well as overall reduction of human impact on the environment.
The implementation of the Policy is ensured through open, constructive and sustained cooperation and two-way interaction with all stakeholder groups. Such cooperation is the basis for our success.
- The principles of sustainable development are laid down in the holding's policies, plans, procedures and processes. In order to ensure openness and transparency of the holding's activities, we have introduced regular disclosure of information to stakeholders and reporting on the effectiveness of corporate social responsibility.
- We ensure effective stakeholder engagement when special attention is paid to the inhabitants and risk groups whose interests may be violated as a result of the holding's activities.
- We establish a dialogue between the inhabitants and the holding in the areas, where our companies operate, and this helps to establish open, transparent relations, which are a prerequisite for the further development of the region or regions.
- The holding allocates its own funds for social investments in the regions where it operates, and also raises funds from its partners. Initiatives aimed at solving current problems contribute to the real improvement of the quality of life.
Sustainable development principles
Respect and support for human rights.
Identification and reduction of economic, environmental and social risks and impacts.
Efficient use of resources, environmental protection and diversity of life forms.
Maximum increase in profitability.
Development of strategic partnerships to enhance sustainable development of the regions of operation.
Open and honest interaction with stakeholders, taking into account their opinions and interests in the decision-making process of the company.
Providing sustainable benefits for employees, shareholders, contractors, business partners and territories of operation.
Innovations as a tool for sustainable development
TECHIIA Holding strives to distinguish itself from other companies in terms of innovation and quality, exploring new niches in markets and providing unique products to new markets that apply environmentally innovative technologies.
In this regard, we are committed to the following:
To apply the most innovative and effective technologies to develop products and services, that meet the criteria of safety, quality and that can create value for present and future generations. Conduct periodic assessments of our products and processes, through comparative analysis, in order to continuously improve our performance.
To participate in projects, business initiatives and campaigns aimed at promoting a green economy and launching initiatives at the international level, that combine innovations, economic value and protection of natural capital.
To implement projects and initiatives aimed at digitalization of the regions of operation and improvement of their technological progress.
Sustainable development policies and commitments
In order to comply with the above principles of the TECHIIA's Sustainable development policy, we conduct our business activities with maximum responsibility and efficiency. We contribute to the solution of current and future social problems of the areas, where the holding's companies operate, maintaining the balance between economic development, environmental protection and social responsibility, as well as taking into account cultural diversity.
Our commitments to sustainable development:
To always include the principles of sustainable development into business plans, procedures and processes.
To always ensure compliance with the legislation of Ukraine in the areas of occupational health and safety, environment and social protection.
To provide stakeholders with full information and interact with them on issues of sustainable development effectiveness and organization of feedback.
To develop and implement on an ongoing basis social investment and sustainable development programs related to the strategy of the holding company and individual business companies that are part of it.
To pay special attention to the development of strategic partnerships with external stakeholders in order to strengthen the positive impact on public development programs and their contribution to improving the welfare of the population in the areas of operation.
To adhere to the principles of the UN Global Compact and promote them.
*Our Common Future, World Commission on Environment and Development (Brundtland Commission), 1987