Sustainability is a business necessity and sits at the core of our business strategy and daily operations. The art of sustainability in this current fast-moving consumer goods supply chain is currently receiving higher attention because of increased sustainability challenges like declining natural resources, labor rights, rising demands for energy, food supply and climate change. Adapting to a successful sustainable business requires us to apply new and innovative methods, speed to market and deeply rooted responsible behavior towards our planet.
AT MOGHULS TRADING, sustainability is taken very seriously, and we work collectively towards building the capability to equitably meet the vital human needs of the present without compromising the ability of future generations to meet their own needs through our actions towards preserving and protecting our ecosystems and natural resources. We are ready to offer corporate and business suitably by working on the best sustainable means in scope of our business, right from the process to the final documentation, and adherence to international and local standards.
Below listed are some of our internal rules & processes which helps & guides us to become sustainable:
We believe in the three R’s - Recycle, Reduce and Reuse in all aspects of our business. Review all our processes within our organization and find ways to incoporate sustainable practices with minimal effect on the process itself. Review our resources and find ways to eliminate wastefulness from simple practices like switching off lights when unused or using recyclable products to sourcing recyclable packaging materials and sourcing our raw materials that have been produced through sustainable farming methods. We, at MOGHULS are mission driven employers who care about the planet and our people. We care about our team and are flexible to work from home once a week, offer incentives for usage of public transport and car-pooling. We avoid unnecessary travel by making use of instant messaging, video and audio conferencing, telephone, and email. Our consumers are ready to pay a premium for environmentally responsible brands. They have become more aware about the traceability of their purchase and supply chain gurus are now investing in circular economies that encourage recycle and reuse. We use blockchain solutions to provide greater supply chain visibility which reduces waste enables to create trust and transparency, guaranteeing authenticity from origin to final consumptionand increased efficiency.We collectively adhere to our Sustainability policy and re-visit it regularly to improvise and reduce our company’s carbon footprint.
The Owners & Stakeholders of MOGHULS TRADING appointed the Chief Compliance Officer (CCO) who is responsible for all issues related to compliance of the company and its employees, and has authority to investigate if any non-compliance or potential non-compliance is found, and to issue an order for improvement or termination of such action.
The Compliance officer (CO) of each division is to serve of his or her own divisions and is responsible for implementing measures and policies related to compliance in his or her division under the supervision of the CCO.
The president of a group company or his or her proxy is to serve as the Group Company Compliance Officer of his or her company. The Group Company Compliance Officer is responsible for implementing measures and policies related to compliance under the supervision of the CO of the governing division
We continuously conduct training on compliance issues including anti-corruption to all employees including our group companies, such as seminars and online courses by e-learning. With the increase in global compliance risks such as bribery to foreign government officials and human rights issues, we provide pre-assignment training which emphasizes on the risks associated with domestic and overseas assignments to employees to be posted.
Further, our compliance training extends to joint ventures where we train relevant knowledge on MOGHULS Code of Conduct and compliance rules.
MOGHULS will conduct “Risk Assessment” every fiscal year in order to identify the compliance risk areas (including anti-corruption) which we need to especially focus on. We identify such risk areas by plotting all risk items according to the frequency of occurrence, the degrees of damages and present measures. We implement countermeasures specific to such risk areas.
We, at MOGHULS, implement the following preventive measures and procedures especially for high risk items and pursue them through detailed procedure manuals:
"Compliance Due Diligence of business partners prior to entering into any deals, such as clients, joint venture partners, agents, consultants, vendors and subcontractors ", "Preliminary checking procedures related to bribes to governmental officials, including through third parties", "Preliminary checking procedures related to cartel activities", "Preliminary checking procedures related to economic sanctions", "Preliminary checking procedures for payments of entertainment fees", etc.As part of our mechanism for ensuring compliance of MOGHULS Code of Conduct, we conduct periodic monitoring, and if required, implement improvement measures.
The monitoring covers areas including Wholesale & Warehousing, Logistics & Distribution Business Act, Act against Delay in Payment of our Vendors Proceeds, etc. to the Vendors, applicable anti-corruption laws, and anti-trust laws.
The Compliance Section, Corporate Services Department which is in charge of promoting compliance, monitors the compliance activities within MOGHULS including all activities implemented in each divisions, and reviews the overall compliance program for the next fiscal year.
Besides the Compliance Section, Corporate Services Department, the Internal Audit Department being an independent organization also conducts auditing activities from a different perspective in order to increase effectiveness of MOGHULS compliance programs.
MOGHULS established a system to adhere to and manage compliance issues including not only domestic and international laws and regulations, international arrangements, internal policies and rules, but also human rights, harassment, anti-corruption, and information security.
MOGHULS compliance committee regularly holds “Group Company Liaison Meeting on Compliance” to check and readjust compliance related measures carried out by all divisions and group companies along with its effects and outcomes. At the same time, the utilization of its whistleblowing system is promoted for mutual supervision on any wrongdoing and early detection of compliance violations and potential violations. Particularly for anti-corruption, Moghuls has in place and operates pursuant to a set of detailed procedures for providing economic benefits to public officials and for engaging third parties having a brokering role such as agents and consultants. MOGHULS aims to create a more effective compliance system by reviewing its management system from time to time.
MOGHULS is striving to prevent corrupt practices conducted not only by its member but also by third parties who are engaged by MOGHULS and having a brokering role, such as agents and consultants. Application procedures which are finally approved by the CO are set out to check such third party’s eligibility, integrity and ability to perform the service, its cleanliness and the adequacy of consideration, as well as conditions of the contract with them.