ENTH

Corporate Social Responsibility



 
 
 

Corporate Social Responsibility Policy

TTA seeks to be a good corporate citizen in all aspects of its operations and activities. The business is managed with strong ethics and good corporate governance in accordance with the interests of society and the environment for sustainable development.

TTA pays attention to all stakeholders and issue that include quality, safety, human rights, community involvement/social development, and environmental protection.

Corporate Governance

TTA has a Corporate Governance Policy, under which clearly stated policies on rights of stakeholders, business ethics, and a code of conduct are established.

TTA is committed to its core business values of integrity, excellence, team spirit, and commitment. These values form the basis of optimum corporate governance. The Group is committed to comply with good corporate governance policies and to listen to and act in accordance with the wishes of its shareholders.

Human Rights and Employee Well-Being

TTA has realised the importance of employees and has attempted to retain employees for long-term employment, as it is vital to long-term growth. Thus, employee relations guidelines have been implemented as follows:

Fair Employment Practices

TTA recognises the value of its employees and has identified and assessed their long-term retention as key to the short-term and long-term viability of the Group. To this end, the Group aims to attract and retain skilled employees and enhance the life/work balance of each individual. The Group offers its full-time staff a range of benefits, including a provident fund scheme, life insurance, private health care, maternity leave, and a fair holiday allotment. Also available to employees are personal development and training programmes designed to enhance an employee’s skill base. All such programmes shall relate directly to the specific role of the individual within the Group and are linked closely with his annual performance review.

Employee Well-Being and Welfare

The Group has established a Welfare Committee to provide advice and recommendations regarding the welfare of employees. Some of the key duties of the Welfare Committee are to provide advice and recommendations on welfare benefits, to check and oversee welfare benefits provided to employees, and to make comments and propose guidelines on additional or needed welfare arrangements.

Moreover, the Group has organised an employee survey periodically, with the last such survey done in December 2008, to determine the satisfaction of employees towards their working environment, the nature of work, management, communications, and relationships between employees and the Group. The survey results are considered and applied to improve the Group’s performance.

Workplace Health & Safety

The Group aims to provide each employee with a safe place to work. TTA has established a Safety Policy and an Occupational Health and Safe Working Environment Committee to monitor the Company’s occupational health and safe working environment. All employees are informed of their duties and responsibilities for reporting any identified unsafe working environment and deficiencies to their supervisors or authorised persons, respecting and complying with the Group’s occupational health and safe working environmental policy and submitting any suggestions (if any) to their supervisors or authorised persons.

Environmental Protection

The Group understands that its activities affect the environment and the communities in which it operates. It has a responsibility to identify and manage these impacts as effectively as possible, and therefore is committed to continually improving our environmental performance and moving towards best practices in corporate sustainability.

Environmental Policy

The Group aims to:
  • Minimise the environmental impacts of its existing operations and ensure that the environmental impacts of new operations are fully assessed and minimised prior to their introduction.
  • Reduce consumption of materials in all operations, where practicable, to re-use rather than dispose of materials where possible, and promote recycling and use of recycled materials.
  • Seek to improve the energy efficiency of buildings and to manage energy wisely in all operations.
  • Reduce, wherever practicable, the level of harmful emissions from office premises.
  • Introduce programmes that aim to minimise waste.
  • Dispose waste and effluents in a responsible manner.
  • Work with suppliers to minimise the impact of their operations on the environment through a quality purchasing policy.

Environmental Risks Arrangement

As a company working in the transportation sector, there are major environmental risks associated with the Group. Important issues for the Group are the constant demand for energy and CO2 emissions resulting from the Group’s operations. Furthermore, substantial quantities of paper are used in reports to corporate and individual clients, the preparation of research materials, and in the recordkeeping process. Energy used for heating, lighting, and cooling of offices and for office equipment is another critical element of the process. The Group looks into the following areas to ensure that systems are in place to lower any environment impact.

1) Lighting

TTA encourages the use of low energy lighting and where practicable, the use of segmented areas, which will allow lights to be switched off when not required.

2) Air conditioning

Air conditioning units are available in most of our office locations. To make more efficient use of cooling systems, we will ensure that the temperature is set for a comfortable working environment of approximately 25? Celsius.

3) Paper

The Group seeks to reduce the amount of paper used and to increase the amount of paper that is recycled. TTA strives to reduce the amount of paper purchased and will encourage employees to re-use or recycle paper. In addition, employees are encouraged to make use of electronic communications in the form of email and the scanning of documents into electronic records for storage.

4) Waste

General office waste is collected and removed each day by cleaners and taken to a compactor for removal by a waste contractor, or is collected weekly by the local authorities.

5) Our fleet

TTA is committed to being an active forward thinking contributor to the worldwide reduction of greenhouse gas emissions (“GHG”). This effort triggered by the Kyoto Protocol 1997, the UK Stern Review 2006 and the Intergovernmental Panel on Climate Change (“IPCC”), and Fourth Assessment Report (“AR4”) 2007, has resulted in a target being set, for Annex I (developed) countries, to reduce GHG emissions by 20% of 1990 levels, by 2010.

For the international transportation industry (aviation and shipping), the IMO has been charged with developing emission caps, indexing systems and reduction strategies for all GHG’s including CO2, NOx, SOx and particulate matter.

TTA’s contributions to this industry and worldwide effort include:

1) Emissions awareness building, measurement, and verification of each vessel’s emissions footprint.
2) Sustainable emissions reduction strategy for the existing fleet, which includes:

  • Use low sulphur fuel of and fuel additives to provide a cleaner burn and lower consumption of fuel oil.
  • Alpha lubricator retrofit to reduce cylinder oil consumption.
  • Close monitoring of condition of hull and propeller and cleaning whenever necessary to ensure maximum performance.
  • Full blasting and high slip paint system trial.
  • Continuous maintenance scheme to ensure that all equipment is working at its full efficiency.
  • Study of implementation of green passport certification on vessels.
  • Sponsor research and development studies for development of further initiatives with objective of reducing the GHG from vessels.

To provide some perspective, the IMO study on ‘Greenhouse Gas Emissions from Ships’, June 2008, found that shipping’s share of all GHG emissions is 2.7%.

However, TTA is committed to continue the effort to reduce those emissions still further.

In addition, the expectation of future emissions taxation for shipping has led TTA to investigate investments in clean development mechanism projects that not only provide offsetting possibilities but also support emissions reduction strategy to minimise climate change.

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