Social Responsibility Policy

Purpose

At Neyo, we recognize the importance of corporate social responsibility (CSR) and are committed to operating in an economically, socially, and environmentally sustainable manner. This Social Responsibility Policy outlines our commitment to contributing positively to society, complying with all relevant UK laws and regulations, and supporting the communities in which we operate.

Scope

This policy applies to all employees, contractors, suppliers, and stakeholders at Neyo. It covers our approach to social responsibility in areas such as community engagement, employee welfare, environmental sustainability, ethical business practices, and adherence to legal standards.

Legal and Regulatory Compliance

We are committed to complying with all relevant UK laws and regulations related to corporate social responsibility, including but not limited to:

1. The Companies Act 2006 (Section 172): Outlines the responsibilities of directors to consider the interests of stakeholders, employees, the environment, and the community.
2. Modern Slavery Act 2015: Requires businesses to ensure that slavery and human trafficking are not taking place within their operations or supply chains.
3. Equality Act 2010: Prevents discrimination in the workplace and promotes equality and diversity.
4. Environmental Protection Act 1990: Sets out the legal framework for controlling pollution and managing waste.
5. Health and Safety at Work Act 1974: Ensures the health, safety, and welfare of employees and the public.
6. Corporate Criminal Offence of Failure to Prevent Tax Evasion (introduced by the Criminal Finances Act 2017): Requires companies to prevent tax evasion.

Social Responsibility Objectives

At Neyo, we are committed to:

1. Contributing positively to local communities: Engaging in initiatives that benefit local communities and foster sustainable development.
2. Promoting environmental sustainability: Reducing our environmental impact by implementing sustainable practices across our operations.

3. Ensuring employee welfare: Creating a safe, inclusive, and supportive workplace that promotes well-being, professional development, and diversity.
4. Operating ethically and transparently: Upholding high ethical standards in all our business dealings, including fair treatment of customers, suppliers, and partners.

Community Engagement

Neyo is dedicated to supporting the communities where we operate through:

1. Charitable Giving: Supporting local and national charities through donations, sponsorships, and employee fundraising initiatives.
2. Volunteering: Encouraging employees to volunteer for community projects and offering paid time off for volunteering activities.

3. Partnerships with Local Organizations: Collaborating with local schools, non- profits, and community organizations to support education, health, and welfare initiatives.
4. Youth and Skills Development: Providing internships, apprenticeships, and mentorship programs to support young people in gaining skills and experience.

Environmental Sustainability

As part of our commitment to environmental sustainability, Neyo will:

1. Reduce Carbon Footprint: Minimize energy use, travel, and emissions in line with the UK government’s net-zero target by 2050.

2. Sustainable Resource Use: Promote the efficient use of resources, including reducing water consumption, promoting recycling, and minimizing waste.
3. Sustainable Procurement: Work with suppliers and partners who share our commitment to sustainable and ethical practices, giving preference to eco- friendly products and services.

4. Encourage Green Initiatives: Promote environmental awareness among employees and encourage green practices, such as reducing paper usage and using renewable energy.

Employee Welfare and Development

We are committed to creating a positive work environment that promotes the welfare, growth, and satisfaction of our employees through:

1. Health and Safety: Ensuring that our work environment complies with the Health and Safety at Work Act 1974 and all other relevant regulations, creating a safe and secure workplace.
2. Equal Opportunities and Diversity: Fostering a culture of inclusion and diversity, ensuring no employee or job applicant is discriminated against based on gender, race, religion, disability, age, or any other protected characteristic under the Equality Act 2010.

4. Training and Development: Providing employees with opportunities for training, professional  development,  and career  advancement to  enhance  their skills and contribute to the company’s success.
5. Work-Life Balance: Promoting flexible working arrangements and family- friendly policies to help employees maintain a healthy work-life balance.
6. Mental Health Support: Offering mental health support services, including access to counselling and promoting a culture that encourages open discussions about mental well-being.

Ethical Business Practices

We are committed to upholding the highest standards of ethics and integrity in all areas of our business, including:

1. Anti-Bribery and Corruption: Complying with the UK Bribery Act 2010, ensuring that all employees and partners act with integrity and do not engage in any form of bribery or corruption.
2. Modern Slavery Prevention: Ensuring that slavery, forced labour, and human trafficking do not take place within our business or supply chain, in line with the Modern Slavery Act 2015.

3. Fair Competition: Competing fairly in the marketplace and avoiding any anti- competitive practices.

4. Tax Compliance: Ensuring compliance with tax laws and preventing tax evasion, as required by the Corporate Criminal Offence of Failure to Prevent Tax Evasion provisions of the Criminal Finances Act 2017.

Supplier and Partner Relationships

We will engage with suppliers and partners who share our commitment to ethical, social, and environmental responsibility. We will:

1. Promote Ethical Sourcing: Ensure that suppliers follow fair labour practices and meet ethical standards, including in areas such as wages, working conditions, and worker rights.
2. Encourage Sustainability: Work with suppliers who prioritize sustainable practices and reduce their environmental impact.

3. Regular Audits: Conduct regular audits of suppliers to ensure compliance with our ethical standards and social responsibility commitments.

Transparency and Reporting

We are committed to operating with transparency and accountability. To support this, we will:

1. Report CSR Performance: Regularly publish reports on our CSR activities, including our environmental impact, charitable contributions, and social initiatives.
2. Stakeholder Engagement: Engage with stakeholders, including employees, customers, suppliers, and the community, to understand their expectations and ensure that our CSR strategy aligns with their concerns.

Continuous Improvement

We will continuously monitor and evaluate the effectiveness of our CSR policy to ensure that it remains relevant and reflects the latest legal, social, and environmental developments. Regular reviews will help identify opportunities for improvement and innovation in our approach to corporate social responsibility.

Communication and Engagement

This policy will be communicated to all employees, contractors, and suppliers. We will also make this policy publicly available to clients and stakeholders via our website and other communication channels.

All questions, concerns, and other feedback relating to this policy should be communicated to HR Department (hr@neyoltd.com).

Implementation of Policy

This policy shall be deemed effective as of 10/09/2024. No part of this Policy shall have retroactive effect and shall thus apply only to matter occurring on or after this date.

This policy will be reviewed annually and updated as necessary to reflect changes in Social Responsibility regulations and company objectives.

This Policy has been approved and authorised by

Name:  Chirag Karnik

Position: Director, Neyo Ltd

Date: 10/09/2024 Due for Review :  06/03/2027

Signature :

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