ESG Policy

At RN Chidakashi Technologies Private Limited, (the “Company”, “We”), we are guided by our company values. These values are the foundation of how we conduct ourselves and interact with each other, our clients, members, vendors/service providers/suppliers, shareholders, and other stakeholders. The Company is committed to ensuring good corporate governance, compliance with regulations in the countries we operate, and promoting ethical corporate culture by observing the highest standards of fair dealing, honesty, and integrity in all our business activities.

1. About this policy

  • Environmental, Social, and Governance issues do not exist in a silo. ESG is about bringing them together under one banner to demonstrate the positive impact our business is having on the world. ESG is much like corporate social responsibility but on a vastly larger and more measurable scale. Companies who are at the forefront of talking about their ESG scores are generating more attention from across the business spectrum, and investors are actively looking for high ESG-scoring companies.
  • This policy will outline our ESG efforts moving forward. This includes, but is not limited to reporting, disclosures (both material and non-material), business practices, policies, procedures, investments, board activities, stakeholder engagement, and investor relations.
  • This policy has been implemented following consultation with the senior leadership and the board.
  • Nothing in this policy shall be taken or understood to limit or reduce our current committees, both legally and ethically.
  • This policy does not form part of any contract of employment or any other contract to provide services, and we may amend it at any time.

2. Purpose

The purpose of this policy is to provide information about ESG (Environmental, Social, and Governance factors) and to encourage the business to understand ESG better.

3. Responsibility

  • The CEO, has overall responsibility for the effective operation of this policy and has further delegated responsibility for overseeing its implementation to Head of Corporate Development & Strategy.
  • Line managers have day-to-day responsibility for adherence to this policy and they should refer any questions about this policy to the CEO and Head of Corporate Development & Strategy in the first instance.
  • This policy is reviewed annually by Senior Leadership of MIKO and associated partners. Any changes to this policy shall be incorporated from time to time.

4. Commitment

  • The company strive to build sustainable, equitable, healthy, and diverse communities through a combination of innovative business practices and exemplary environmental, social and governance (ESG) performance. This commitment covers every aspect of our business, including how we design and build new projects, operate our company, collaborate with stakeholders and report progress.
  • This ESG Policy sets out our approach to sustainability matters. At the heart of the Policy, is a corporate culture that has sustainability at the core of all our business operations and values.

5. Statement on Climate Change and the Environment

  • The company is committed to driving down the energy and carbon impacts, as we believe that climate change is one of the greatest risks to our world. Company’s sustainability program is committed to environmentally sustainable initiatives delivering near-term efficiency, value, and health for our business, our people, and the wider community.
  • The company encourages its customers to reduce their material impact on the environment by recommending the use of more sustainable materials. The Company actively promotes a paper- free office and regularly supports the clients to avoid printing and makes all endeavors to be a digital-first business.
  • The Company seeks to comply with current environmental legislation as applicable and work to minimize the impact of its activities on the environment.
  • The Company supports the recommendations of the IFC, and UNDP guidelines for Enterprises and engages with our stakeholders, and encourages enhanced disclosure on climate change, biodiversity, and the SDGs, including efforts to advance the underlying goals, such as those of the Paris Agreement.

6. Social Responsibility

  • The Company’s focus is to deepen relationships with its key stakeholders by investing in its employees and partnering with its customers, communities, investors and suppliers.
  • We are committed to engaging with our employees to provide a challenging, dynamic, inclusive, and diverse work environment that supports their professional development, as well as promoting a good work-life balance that prioritizes their overall health and wellness.
  • We support initiatives that benefit the environment, human welfare, and education. This includes skills training that advances workforce talent pipelines for the customers and economic development in the communities in which the business operates.
  • We engage suppliers, customers, and employees around safety, health, and wellness.
  • We preserve and promote the protection of human rights and welfare within our own business activities, as well as those of the supply chain, in accordance with the Human Rights Policy, Code of Ethics and Business Conduct, Supplier Code of Conduct, and the Modern Slavery and Human Trafficking Policy.

7. Ethical Governance

  • The focus is to promote strong oversight, transparency, and risk management at all levels of the organization, ensuring the resilience and long-term preservation of value for the business.
  • We maintain strong corporate governance practices through exemplary board stewardship, management accountability, and proactive risk management.
  • We mitigate risk exposure and build the resilience of the business to climate change, earthquakes, and other catastrophic events through smart design and sighting.
  • We are committed to high ethical standards through a strong Code of Ethics and Business Conduct, ongoing ethics training, and executive leadership that promotes a culture of integrity.
  • We cultivate strong stakeholder relationships through transparency, open communications, and responding to stakeholder input.
  • We establish clear and effective governance for ESG, set goals, and establish accountability. This is set through the ESG committee and reported to the board.

8. Business and ESG

  • ESG is about assessing that net positive impact in the world and taking concerted, defined, and measurable action to improve it. The company’s value rests in employees, communities, and the wider world. Therefore, ESG forms a fundamental part of how the business lives our values in the real world.
  • The ethical and practical values that form different parts of ESG have always been at the heart of what the company stands for. With the growth of ESG and the increased awareness of these factors among its key stakeholders, we have a better opportunity to showcase how the business makes a positive impact in the world.
  • The drive to assess a broader range of factors in a holistic manner, from environmental and climate change considerations to the social issues and how we invest in our people, to the structure of the business and always reaching for better governance. We welcome opportunities to highlight the positive impact we have on the world.

9. Responsibility to the Wider World

  • As a business, we also have a duty to our people, our customers, and the wider world. ESG gives us an opportunity to bring those impacts together. We value investing in our people as we value protecting our environment and being a good corporate company.
  • Fostering openness, sustainability, and respect are our key objectives. We value everyone and strive to work as one team. Our view on ESG is that it is a continuous process of aligning our operations and controls with our values as a company.
  • Our commitment to improving our social and environmental performance demonstrates a strong, well-informed management attitude and a values-led culture that is both alert and responsive to the challenges and opportunities of doing business responsibly and sustainably.

10. ESG and Our Reputation

  • ESG is fundamental to our reputation as a business. Reputation is built through frequent and repeated interactions with stakeholders. When those interactions are positive, our business, and our reputation, can thrive. In an uncertain economic climate, a positive reputation is one of the key drivers to long-term success.
  • We want all our stakeholders, particularly our customers and investors, to be confident that we are listening and that we are acting responsibly. ESG is one of the most important ways we do this.
  • Environmental
    Environmental sustainability is an ethical and commercial imperative. Managing our carbon footprint goes hand in hand with the strategic necessity to operate efficiently. Our commitment to tackling climate change at a corporate level is fundamental to our strategic objectives.
  • Social
    Our people build our business. Intellectual capital is core to our clients, our business model, and our long-term sustainability as a business. We aim to foster an environment that values and nurtures unique talents and contributions from every individual within a culture of inclusivity. We are committed to cultivating and empowering change by building an inclusive workplace where all talents can thrive.
  • Governance
    Good governance is foundational to our business, and all aspects of ESG. We cannot thrive without paying attention to our compliance obligations. Our business seeks to go beyond the concept of ‘box-ticking’ and embed compliance indispensably.

11. Customer Responsibility:

  • We have an obligation to our customers to offer them the best service. Customers are at the heart of our business, and their partnerships are integral to our business. Part of that commitment to customers is about responding to their needs, hearing their concerns, and committing ourselves to customer satisfaction.
  • The best customers are those who see us as partners in their own enterprise. In turn, those customers reward us with their continued business and building and maintaining our world- class reputation.
  • ESG priorities are drawn not only from investor concerns but customer needs. Customers are asking how we are improving the world around us. How are we protecting our shared natural heritage, investing in our communities, and being good corporate citizens? It is imperative for us as a business that all of our interactions with customers are reflective of what they expect us to be. And that is a partner in their own enterprise. A company they are proud to connect with and recommend.
  • It is important for us to understand the importance of ESG, its impact, and what it means for our company. We want everyone to feel proud of being part of our business and the positive impact we have on the world so that our customers will feel the same.

12. Employee's Roles

  • As employees, our vital responsibility is to ensure our organization thrives. Employee’s primary responsibility is to understand the role to play in each area of ESG. The first step to achieve this is familiarizing ourselves with the concept of ESG, such as through this course, and also our strategic objectives around ESG. Employees should be aware of:
    • Our strategic ESG goals;
    • How we plan to achieve them and over what time;
    • Individual and team contribution to those goals;
    • How to discuss our ESG goals with customers and third parties;
    • Where to report potential concerns or actions which go against our policy;
    • On an individual level, employees have an important role to play in meeting our ESG objectives. Here’s how:
      • Environmental- Employees have a role to play in reducing carbon emissions and getting to net zero. Below are a few instances that the company plan to set targets at the organizational level:
      • When traveling, are there more environmentally friendly options to take?
      • Can some meetings be done remotely instead of traveling?
      • Think before you print
      • Does the office have recycling and energy-saving measures?
      • Social- Building a diverse and inclusive workforce where everyone feels valued is everyone’s responsibility. Understanding the role in bringing people together is critical to our success as a company. From hiring the best talent to encouraging all staff to thrive, we want a workplace where people proactively work to be the best. This can be achieved by:
      • Challenging and reporting discriminatory or offensive behavior;
      • Understanding diversity and inclusion policies;
      • Being an active ally for groups often underrepresented;
      • Leading by example in work
      • Governance-Good governance goes beyond having the right policies and procedures in place. It’s about embedding compliance in day-to-day work. From completing training on time to actively understanding how regulations affect your work, good governance starts with the individual acting ethically. Take governance to heart by:
      • Be a compliance champion in the team;
      • Refer to policies and procedures instead of shortcuts;
      • Be aware of red flags for compliance failures and risks in the area of work;
      • Don’t be afraid to call out poor behavior or report failures

13. ESG and Value Chain

  • Our company does not operate in isolation; almost no company does. Value is created through collaboration and partnerships. Similarly, risks can come from not anticipating problems, gatekeeping, and hiding critical information. Traditional risks in supply chains were generally about quality, cost-effectiveness, and reliability. But seen through an ESG lens, the holistic nature of the third parties, from how they source raw materials to how they treat workers and comply with accepted standards are just as vital.
  • A workforce health and safety incident, labor dispute, or allegation of corruption can have serious impacts on stakeholders up and down the value chain. The value chain matters, and it is connected. Customers are increasingly voting with their feet and putting pressure on companies to act with ethical decisions in mind.
  • Ethical procurement gets to the heart of the value chain. When we consider the entire value chain, from a raw material supplier to an end-use customer, we can better understand the needs and impacts of our business decisions within those relationships. Ethical procurement within the context of ESG means paying attention to the carbon impacts of a supplier, and the labor practices of an end-user.
  • Considering these impacts doesn’t always mean refusing to work with someone in the value chain where there are concerns. Sometimes suppliers are limited, and customers have every right to access our services. It’s about understanding the risks within each relationship and taking concerted action to reduce those risks.
  • For example, if there are concerns about a supplier’s labor practices, we can ensure clauses are inserted into contracts to maintain an adequate standard of employment for those working for the supplier. This can help actively change labor practices, as opposed to simply refusing to work with a supplier. Or when working with a logistics provider, we might ask for emissions reporting so we can then offset the carbon used.

14. Ethical Procurement

  • Risk assessments: Undertake a risk assessment of the value chain in order to identify key vulnerabilities based on supplier and customer needs.
  • Real-time tracking: Real-time tracking and traceability over suppliers and movements of goods and services.
  • Screening, risk-ranking & monitoring: ESG due diligence on suppliers to evaluate and rank them based on their ESG profile and track record, and monitoring for ESG breaches.
  • Investigations: Investigate ESG incidents that take place in the value chain, have remediation plans ready, and manage financial and reputational damage.
  • Incident response management: Build robust internal governance frameworks to respond to ESG issues in the value chain.

15. Our ESG Committee:

  • Our ESG committee sits directly beneath our board in terms of seniority. The purpose of the committee is to gather and review data from broad parts of the business, then filter and summarize it upwards to the board. The ESG committee is responsible for writing the ESG pages inside the annual report and producing all information regarding ESG disclosures.
  • The aim of the committee is to establish a unified view of ESG, increase understanding of all three aspects, environmental, social, and governance, and promote robust standards of corporate governance that integrate all these aspects. This will help the company more effectively integrate ESG factors into the decision-making process.
  • The key objectives of the committee are to:
    • Emphasize the importance of environmental measures, sustainability goals, and performance, at all levels of the business.
    • Provide best practices on the structure, policies, and regulations that impact the business.
    • Increase understanding and awareness of corporate governance and social aspects that impact the industry.
    • Implement and promote common and workable standards of corporate governance for the business.
  • The ESG committee members:
    S. No Designation Role
    1 CEO The CEO shall review this policy annually and make sure it is up to date with respect to applicable laws and regulations.
    2 ESG Manager Monitoring & Reporting; ESG manager is mainly responsible to communicate this policy to relevant parties and also to have an oversight on implementation of ESG aspects across the business cycle.

16. Monitoring and Enforcement

  • We seek to proactively prevent and mitigate instances of non-compliance with this ESG policy.
  • Any breaches or concerns, including ethical concerns or potential breaches in our commitment to high ethical standards should be reported as soon as possible through our whistleblowing channels.
  • Progress on this policy is reported to the Board on a regular basis. Active participation and engagement at all levels of the business is of great importance to ensure ownership of ESG by all staff. At a minimum, we endeavor to maintain compliance with legislative requirements.

17. Applicability of SDGs to our Company

The United Nations has set out 17 Sustainable Development Goals: These goals and principles can be covered under the umbrella of “ESG”, pertaining to various environmental, societal, and governance-based considerations that are now accounted for in the investment process. We are committed to the UN Sustainable Development Goals listed below and endeavor to institutionalize sustainable business practices:
S. No SDG Details of Fulfilment
4 Quality Education Providing quality education for all is fundamental to creating a peaceful and prosperous world. Miko is committed towards ensuring personalized learning and development and enhancing the social, emotional and academic skills of children.
5 Gender Equality Gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous, and sustainable world. Miko has been at the forefront of gender equality from the very start with policies adopted to formalize our commitment towards this goal.
8 Decent work and economic growth Education is of key importance to achieving the SDGs. Miko will contribute towards Goal 8.2 i.e., Achieving higherlevels of economic productivity through diversification, technological upgrading, and innovation. Investing in children's education today and providing quality education through various forms will generate long-term growth.
9 Industry, Innovation and Infrastructure Targets for SDG 9 consist of developing quality, sustainable, and resilient infrastructure such as digital technologies. Investments in better Research & Development such as AI which Miko uses would help reach this goal.

18.Management Rights:

Miko reserves the right to amend this policy from time to time, without prior notice.