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.

Our Corporate Social Responsibility (CSR) policy refers to our responsibility toward our environment. Our aim is to guarantee that we work ethically, considering human rights as well as the social, economic and environmental impacts of what we do as a business. Our culture and values are rooted in service, integrity and taking personal responsibility for our actions, outcomes and reputation.

We make pouches and carriers that can be used at least 2000 times; we are passionate about making 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 is just our starting point. We balance our use of robust materials with ensuring we are sourcing from reputable and responsible suppliers.

Versapak locking mechanism seals are 100% recyclable and can be recycled in the same way as any other recyclable waste. We operate a "Return and Recycle Scheme" for used plastic security seals. Customers can return their used seals to Versapak free of charge using a collection bag with freepost address. We then regrind them to make new ones.

As well as our Security Seals, we also operate a "Recycle your Versapak" scheme, where we use surplus material and re-purpose it to make school pencil cases for charitable donations. We also take back end of life bags and turn them into groundsheets for the homeless.

Our locking mechanism Security Seals are made from recycled plastic. Our state-of-the-art moulding machines melt down reclaimed, recycled material and reprocess it to make our Security Seals.

We invest in our manufacturing equipment to ensure that it is as energy efficient as possible. In 2021 we installed a new Injection Molding Machine to manufacture our security seals. Not only is it economically sound but it also recycles waste plastic 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 seek to ensure that the behaviours and practices of our suppliers are consistent with our business ethics and respect for fundamental worker's rights.

Accordingly, Versapak International is committed to ensuring that all vendors and directly employed staff comply with all applicable anti-slavery and human trafficking laws and regulations, including those under the Act.

We have a zero-tolerance approach to modern slavery and we are committed to acting ethically and with integrity in all our business dealings and relationships and will not condone any business practices that engage in any activity, practice or conduct that would constitute an offense under the Act.

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