Guideline on corporate social responsibility

Versapak believes in ethical manufacturing and reusable products.

Our Corporate Social Responsibility (CSR) policy relates to our responsibility towards our environment. Our aim is to ensure that we operate ethically, taking into account human rights and the social, economic and environmental impacts of our business activities. Our culture and values are rooted in service, integrity and personal responsibility for our actions, results and reputation.

This policy applies to our company and its subsidiaries. It may also apply to suppliers and partners. We will continuously improve our corporate and social responsibility.

We want to be a responsible company that meets the highest standards of ethics and professionalism.

• Employees and people: We take our responsibility to protect, support and prepare our employees for successful careers seriously. We set standards in areas such as health and safety, health and wellbeing, diversity and inclusion, and training and development. We believe in equal opportunities for all and are unwavering in our commitment to equal opportunities, the protection of human rights and the prevention of human trafficking.
• Ethics: Versapak is committed to doing the right thing, conducting ourselves in a lawful, ethical and trustworthy manner and meeting our regulatory obligations.
• Commitment: Versapak understands that it takes all of us working together to make a difference. We strive to work with suppliers who use socially responsible business practices.
• Environment: We recognize a shared responsibility to protect our planet. Although our facilities and operations have a small environmental footprint, we are reducing our environmental impact through conservation, preservation and waste reduction measures.

We will always conduct business with integrity and respect for human rights.

• Mechanisms are in place to prevent dishonest or unethical behavior and to promote a culture of honesty and accountability. The policy outlines the responsibilities of our employees, including our suppliers, who are aware of their obligation to conduct themselves in a legal and ethical manner.
• We treat all employees with dignity and respect and comply with all applicable laws and regulations relating to labor and human rights.

Our company recognizes the need to protect the natural environment. Maintaining a clean and unpolluted environment is beneficial to all.

In addition to legal obligations, our company will take a proactive approach to environmental protection. Examples of relevant activities are:

• Reuse and recycling
• energy saving
• Use of environmentally friendly technologies

Versapak recruits locally wherever possible.

We support local charities every year.

We will actively invest in R&D. We will be open to suggestions and listen carefully to ideas. Our company will seek to continuously improve how it works.

As a manufacturer, we believe it is vital to deliver the best quality to our customers whilst also looking after our employees and we have regular independent CSR audits. The audit examines all aspects of Versapak's operations to ensure that our facilities and processes meet acceptable standards of welfare and conditions for all our employees.

We pride ourselves on producing high quality products in our own manufacturing facilities and we insist on the highest standards of employee and environmental wellbeing. We will continue to invest in people and resources to keep us at the forefront of ethical manufacturing.

We make bags and carriers that can be used at least 2000 times; we are passionate about making high quality products that last. We guarantee all our sewn products for at least five years, and we have customers who have been using the same bags for decades. For us, that's just our starting point. We balance our use of robust materials with the assurance that we source from reputable and responsible suppliers.

Versapak security seals are 100% recyclable and can be recycled like any other recyclable waste. We operate a "Return and Recycling Program" for used plastic security seals. Customers can return their used seals to Versapak free of charge using a collection bag with a free address. We then shred them to make new ones.

In addition to our security seals, we also run a 'Recycle your Versapak' program where we use surplus material and turn it into school bags for charity. We also take back old bags and turn them into groundsheets for the homeless.

Our security seals with locking mechanism are made from recycled plastic. Our state-of-the-art injection molding machines melt down reclaimed, recycled material and process it into our security seals.

We invest in our manufacturing equipment to ensure it is as energy efficient as possible. In 2021, we installed a new injection molding machine to produce our safety seals. Not only does this make economic sense, but it also recycles plastic waste to make new seals.

Versapak is committed to the highest standards of professionalism, ethics and integrity. We take our responsibilities as a corporate citizen very seriously and strive to ensure that the behavior and practices of our suppliers are consistent with our business ethics and respect for fundamental labor rights.

Accordingly, Versapak International is committed to ensuring that all suppliers and directly employed staff comply with all applicable laws and regulations against slavery and human trafficking, including the provisions of the Act.

We have a zero-tolerance policy against modern slavery and we are committed to acting ethically and with integrity in all our business relationships and practices and will not tolerate any business practice that would constitute a criminal offense under the law.

We expect the same high standards from all our suppliers and expect our suppliers to hold their own suppliers to the same high standards.