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Governance
Governance is a crucial aspect of VertiGenix's internal system, ensuring that sustainability practices are implemented and supported.
It involves adopting policies, controls, and procedures to govern the company, make effective decisions, comply with laws, and meet external stakeholder needs.
Our governance principles will include transparency, accountability, compliance, risk management, and innovation.
Governance Principles include:
Transparency and Accountability
- • We will regularly report our sustainability practices to build trust with consumers, employees, and stakeholders.
Compliance with Regulations and Legal Considerations
- • Operations will comply with all South African laws, reducing legal risks and reputational damage.
• VertiGenix Holdings, Ag-Gain Veg, and Ag-Gain Fruit are already registered as proprietary limited private companies.
• Compliance includes paying taxes, adhering to labour laws, and meeting environmental regulations.
• Health and safety regulations, business licenses, and food transportation standards will be strictly followed.
Risk Management
- • We will conduct risk assessments to identify and mitigate risks to individuals and business activities.
• Ensuring a safe, healthy environment for employees, clients, and visitors.
Sustainable Supply Chains
- • Ensuring our suppliers adhere to ESG principles promotes sustainability throughout the supply chain.
Consumer and Data Protection
- • Adhering to the POPI Act to protect personal information and ensuring privacy rights are upheld.
Benefits of ESG Governance Practices
- • By adopting ESG governance practices, VertiGenix will:
• Streamline regulatory compliance.
• Reduce operating costs.
• Boost customer loyalty and satisfaction through sustainable, ethical, and innovative solutions.
• Improve efficiency, productivity, and innovation by reducing waste and emissions, optimising supply chains, and leveraging modern technologies.
We will demonstrate our commitment to ESG by implementing and tracking our ESG metrics. Acquiring Global G.A.P certification, which focuses on food safety, environmental sustainability, worker well-being, production processes, and traceability, aligns with our ESG principles.
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