KM Packaging Services Ltd & Subsidiaries (KM Packaging)
44 West Street,
Oundle,
PE8 3EF
England.
February 2024
1. Introduction:
At KM Packaging we understand the importance of conducting business responsibly and sustainably. We remain committed to integrating Environmental, Social, and Governance (ESG) principles into our business operations. This ESG Policy serves as a guiding framework for our company to meet and exceed stakeholder expectations, foster positive societal impact, and contribute to a sustainable future.
Our core values of trust, ownership, passion and innovation are the foundation of our success and underpin everything we do. We treat our suppliers, customers and employees with respect in line with our values. We strive for the highest levels of technical excellence and build strong and long-term mutually beneficial relationships.
2. Environmental Responsibility:
a. Resource Efficiency:
- Committed to optimising our resource usage, minimizing waste, and adopting energy-efficient practices within our operations and in conjunction with our responsible supply chain partners.
- Strive to reduce our carbon footprint through efficient logistics and transportation choices.
- Continually investigation new initiatives to drive improvements.
b. Product Sustainability:
- Continually invest in NPD in order to offer commercially viable eco-friendly and recyclable packaging materials.
- Collaborate with suppliers to source materials with minimal environmental impact on a global platform.
- KM is registered as a ‘Supporter’ of the global ‘Operation Clean Sweep’ (OCS) initiative. OCS was set up by the plastics industry to minimise the loss of plastic pellets, flake and powder into the environment.
c. Compliance:
- Ensure compliance with environmental laws, regulations, and standards applicable to our industry, specifically BRC AA compliance.
- Ensure we meet and serve diverse global compliance needs.
3. Social Responsibility:
a. Employee Well-being & Creating Positive and Supportive Working Environment:
- We are an Employee Ownership Trust; all employees have a stake in the ownership of the business.
- Foster a safe and inclusive working environment that prioritizes the health, safety, and well-being of our employees.
- Encourage continuous learning and development opportunities for our staff and fund qualifications, training and professional memberships.
- Recognise the importance of continued development and support our employees with their career path.
- Support our employees by offering working from home and flexible working options, plus a group life scheme.
- We recognise the importance of physical and mental health and offer our employees access to virtual medical care.
- We recognise that having fun together is vital for a successful business. We regularly arrange social events including our Christmas party.
b. Diversity and Inclusion:
- Embrace diversity and inclusion in our workforce, valuing differences in age, gender, race, ethnicity, and background.
- Promote equal opportunities and fair treatment for all employees.
c. Community Engagement:
- Support local charities through donations, based on employee suggestions.
4. Governance:
a. Ethical Business Practices:
- Uphold the highest standards of integrity, ethics, and transparency in all business dealings.
- Establish and maintain a robust system of internal controls and governance mechanisms globally.
b. Stakeholder Engagement:
- Engage with stakeholders regularly, seeking their input and addressing concerns to foster trust and transparency.
c. Compliance and Risk Management:
- Adhere to all relevant laws, regulations, and industry standards.
- Implement a comprehensive risk management framework to identify and mitigate potential risks.
5. Monitoring and Reporting:
a. Regular Assessments:
- Periodically review and assess our ESG performance to identify areas for improvement.
- Implement corrective actions and improvements based on assessments.
- Stay informed about emerging ESG trends and best practices.
7. Conclusion:
This ESG Policy reflects our commitment to responsible and sustainable business practices. By integrating ESG principles into our operations, we aim to contribute positively to the environment, society, and governance landscape. This commitment extends to our employees, customers, suppliers, and the communities in which we operate.