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HUMAN RIGHTS

 

We are committed to observing proper practices in the area of human rights and became a signatory to the UNGC (United Nations Global Compact) during 2007. The UNGC is a framework of ten universally accepted principles in the areas of human rights, labour, the environment and the prevention of corruption. We support these principles and aim to implement them throughout our business activities.

Our commitment to the UNGC sits alongside the existing FTSE4Good Index framework that has been built into our Group strategy.  Old Mutual plc is a member of the FTSE4Good Index, the selection criteria for which include working towards environmental sustainability, developing positive relationships with stakeholders, and upholding and supporting universal human rights.

Old Mutual plc and Nedbank Group Limited are both included in the JSE's Socially Responsible Investment Index. The Index measures participant companies' commitment and performance against a triple bottom line of sustainability in terms of environmental, economic and social impacts.

We have also adopted a Code of Business Conduct/Ethics. The Code sets standards for relations with customers, suppliers, intermediaries, shareholders and investors, employees, government and the local community, as well as competitors. The Code supports the International Labour Organisation's Core Labour Standards, which covers issues such as equal opportunities, freedom of association and collective bargaining.  We do not support forced labour or child labour in any of our operations.

Our Group Company Secretary has responsibility for our Code of Business Conduct/Ethics. We'll deal with any suspected breach of human rights through the appropriate Risk functions and the Audit and Risk Committees that are in place around the Group, with escalation to the Group Audit and Risk Committee where warranted.