CSR

CODE OF BUSINESS ETHICS

This code applies to all of the operations of G.O.S.L Nig Ltd and sets out the minimum standards which G.O.S.L Nig Ltd expects from staff in their internal and external dealings with colleagues, customers, stakeholders and third parties.

Basic Standards of Conduct

• We will conduct every aspect of our business with honesty, integrity and openness, respecting human rights and the interests of our employees, customers and third parties.
• We will respect the legitimate interests of third parties with whom we have dealings in the course of our business.
• We will maintain the highest standards of integrity “for example, we will not promise more than we can reasonably deliver or make commitments we cannot or do not intend to keep.”

Business Integrity

No G.O.S.L Nig Ltd staff shall offer, give, seek or receive, either directly or indirectly, inducements or other improper advantages for business or financial gain and no employee may offer, give, seek or receive any gift or payment which is, or could be construed as, such. If an employee is in any doubt as to whether he or she may accept an offer, that employee should discuss the issue with his or her manager and the Corporate Affairs Manager.

G.O.S.L Nig Ltd accounting and other records and supporting documents must accurately describe and reflect the nature of the underlying transactions.

No undisclosed or unrecorded account, fund or asset will be established or maintained.

G.O.S.L Nig Ltd will not facilitate, support, tolerate or condone any form of money laundering.

SOCIAL RESPONSIBILITIES

G.O.S.L Nig Ltd shall:

1. Proactively consider the interests of society at large and the economic development of host communities
2. Enhance positive and minimize negative impacts on society
3. Serve society in an ethical and lawful manner
4. Contribute to a sustainable world
5. Ensure sustainable development as part of our societal role
6. Operate in an environmentally friendly manner
7. Consider social impacts resulting from potential environmental consequences of actions
8. Operate in conformance with Nigerian labour practices
9. Provide a working environment which applies and conforms to recognised occupational safety and health standards
10. Promote positive ethical behavior throughout our sphere of influence (i.e. towards the environment, community, clients, employees and investors);
11. Integrate social responsibilities within core management systems and decision-making processes; and
12. Not indulge in any form of corruption, including extortion and bribery.

POLICY

G.O.S.L NIG LTD shall:

1. Aim to exemplify best industry practice and give high priority to the protection of the environment by ensuring our activities and initiatives respect, promote and advance internationally recognized environmental principles, commitments and responsibilities
2. Ensure our business complies with the letter and spirit of all relevant environmental legislation and mandatory standards and where none exist to follow good practice
3. Consider the environmental impacts of our services
4. Minimize the extent to which we use carbon dependent sources of energy (e.g. diesel generators) and other natural resources (e.g. water)
5. Identify and evaluate our businesses environmental effects and controls and manage those effects which have been identified as significant
6. Communicate to our clients and employees of GOSL’s Corporate Social Responsibility Policy pertaining to performing operations in an environmentally responsible manner
7. Embrace sustainable development through good environment management
8. Support new technology which has the potential to provide long-term environmental benefits.

Monitoring

G.O.S.L Nig Ltd shall closely monitor and comply with all pertinent environmental legislative and regulatory requirements. To minimise environmental impact, the G.O.S.L Nig Ltd will continually address key environmental areas in a sustained and measured manner based on best practice.

Examples include:

1. Achieving optimum consumption of energy and water supplies through energy-efficient processes
2. Using environmentally effective methods to reduce waste production.
3. Recycling material where such options are available for use.
4. Ensuring non-recyclable materials are disposed of in an environmentally responsible manner
5. Ensuring environmental best practices are communicated to all employees
6. Committing to continuous improvement by way of monitoring the environmental impacts of business activities and measuring the performance of our environmental initiatives

POLICY

G.O.S.L NIG LTD shall:

1. Invest in community affairs and functions
2. Respect cultural and social differences
3. Ensure activities respect, promote and advance internationally recognised principles for community involvement
4. Strive to have a positive impact on people, cultures and communities in which we operate
5. Be respectful of local and indigenous people, their values, traditions and culture
6. Ensure communities in which we operate are informed, in a timely manner of, and are involved in the organizational developments which affect them.