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		<title>Case study: How ACT promotes ethical business practices</title>
		<link>https://sustaincase.com/case-study-how-act-promotes-ethical-business-practices/</link>
		
		<dc:creator><![CDATA[Gerasimos]]></dc:creator>
		<pubDate>Mon, 27 Sep 2021 06:06:32 +0000</pubDate>
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					<description><![CDATA[<p>Aqaba Container Terminal (ACT) is the gateway for import and export cargo trading between the Levant region and the rest of the world, and the logistical and economic backbone of the Aqaba Special Economic Zone Authority (ASEZA). This case study is based on the 2019 Sustainability Report by ACT published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing [&#8230;]</p>
<p>The post <a href="https://sustaincase.com/case-study-how-act-promotes-ethical-business-practices/">Case study: How ACT promotes ethical business practices</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
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										<content:encoded><![CDATA[<p>Aqaba Container Terminal (ACT) is the gateway for import and export cargo trading between the Levant region and the rest of the world, and the logistical and economic backbone of the Aqaba Special Economic Zone Authority (ASEZA). <strong>Solid ethical business practices are the foundation of ACT’s business success.</strong>&nbsp;<a href="https://twitter.com/intent/tweet?text=Solid%20ethical%20business%20practices%20are%20the%20foundation%20of%20ACT%E2%80%99s%20business%20success.&url=https%3A%2F%2Fsustaincase.com%2Fcase-study-how-act-promotes-ethical-business-practices%2F&via=sustaincase" target="_blank"><i class="fa fa-twitter">&nbsp;</i>Tweet This!</a></p>
<p><strong>This case study is based on the</strong><strong> 2019 Sustainability Report by</strong> <strong>ACT</strong> <strong>published on the Global Reporting Initiative </strong><a href="http://database.globalreporting.org/" target="_blank" rel="noopener"><strong>Sustainability Disclosure Database</strong></a><strong> that can be found at this </strong><a href="https://database.globalreporting.org/reports/80330/" target="_blank" rel="noopener"><strong>link</strong></a><strong>. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.</strong></p>
<p><strong>Abstract</strong></p>
<p>ACT has adopted transparent, structured, and monitored reporting and governance systems to prevent corruption, fraud, and illegal actions. In order to promote ethical business practices ACT took action to:</p>
<ul>
<li>promote business ethics and compliance</li>
<li>encourage employees to raise concerns</li>
</ul>
<p><a href="https://sustaincase.com/good-communication-with-responsible-csr-reporting/" target="_blank" rel="attachment wp-att-1719 noopener noreferrer"><img fetchpriority="high" decoding="async" class="wp-image-1719 size-large tie-appear" src="https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg" width="618" height="84" srcset="https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-1024x139.jpg 1024w, https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-300x41.jpg 300w, https://sustaincase.com/wp-content/uploads/2016/10/Identify-measure-manage-change-768x104.jpg 768w" sizes="(max-width: 618px) 100vw, 618px" /></a></p>
<div class="subscribe-for-free">
<h3>Subscribe for free and read the rest of this case study</h3>
<p>Please subscribe to the SustainCase Newsletter to keep up to date with the latest sustainability news and gain access to over <strong>2000 case studies.</strong> These case studies demonstrate how companies are dealing responsibly with their most important impacts, building trust with their stakeholders (Identify &gt; Measure &gt; Manage &gt; Change).</p>
<h4>With this case study you will see:</h4>
<ul>
<li>Which are the <strong>most important impacts</strong> (material issues) ACT has identified;</li>
<li>How ACT proceeded with <strong>stakeholder engagement</strong>, and</li>
<li><strong>What actions</strong> were taken by ACT to promote ethical business practices</li>
</ul>
</div>
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<p><strong>What are the material issues the company has identified? </strong></p>
<p>In its 2019 Sustainability Report ACT identified a range of material issues, such as customer satisfaction, safety and security, labour rights and relations, operational efficiency and performance. Among these, promoting ethical business practices stands out as a key material issue for ACT.</p>
<p><strong>Stakeholder engagement in accordance with the GRI Standards               </strong></p>
<p>The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:</p>
<p><a href="https://www.globalreporting.org/standards/gri-standards-download-center/gri-101-foundation-containing-standard-interpretation-1/" target="_blank" rel="noopener">“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”</a></p>
<p>Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.</p>
<p><strong>Key stakeholder groups</strong> <strong>ACT</strong> <strong>engages with:</strong></p>
<p>To identify and prioritise material topics ACT engaged with its stakeholders through the following channels:</p>
<table width="479">
<tbody>
<tr>
<td width="135"><strong>Stakeholder Group</strong></td>
<td width="344"><strong>               Method of engagement </strong></td>
</tr>
<tr>
<td width="135">Customers (shipping lines, clearance and trucking companies, end-users and consignees)</p>
<p>&nbsp;</td>
<td width="344">·      Web-based communication system</p>
<p>·      Trade missions</p>
<p>·      Customer satisfaction surveys</p>
<p>·      Annual sustainability report</p>
<p>·      Website</td>
</tr>
<tr>
<td width="135">Employees</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</td>
<td width="344">·      Direct meetings</p>
<p>·      Intranet</p>
<p>·      Engagement workshops</p>
<p>·      Team buildings</p>
<p>·      Annual sustainability report</p>
<p>·      Website</p>
<p>·      ACT TV</p>
<p>·      Volunteering activities</td>
</tr>
<tr>
<td width="135">Community (Local community, suppliers, Union)</p>
<p>&nbsp;</td>
<td width="344">·      Direct communication</p>
<p>·      Participation in events</p>
<p>·      Annual sustainability report</p>
<p>·      Website</p>
<p>·      CSR Committee and man hours</td>
</tr>
<tr>
<td width="135">Shareholders (APM, ADC)</td>
<td width="344">·      Sustainability report</p>
<p>·      Website</td>
</tr>
<tr>
<td width="135">Government and Regulators (ASEZA, Customs)</td>
<td width="344">·      Direct communication</p>
<p>·      Meetings</p>
<p>·      Annual sustainability report</p>
<p>·      Website</td>
</tr>
<tr>
<td width="135">Media</p>
<p>&nbsp;</p>
<p>&nbsp;</td>
<td width="344">·      Press Releases</p>
<p>·      Press conferences</p>
<p>·      ACT’s website</p>
<p>·      CSR activities</p>
<p>·      Tours inside the terminal</p>
<p>·      Invitation for the major events that ACT is launching</p>
<p>·      Keep in touch with the CEO on desk interview</td>
</tr>
</tbody>
</table>
<p><strong>What actions were taken by</strong><strong> ACT </strong><strong>to</strong> <strong>promote ethical business practices</strong><strong>?</strong></p>
<p>In its 2019 Sustainability Report ACT reports that it took the following actions for promoting ethical business practices:</p>
<ul>
<li><strong>Promoting business ethics and compliance</strong></li>
<li>ACT’s Code of Conduct gives guidance and provides resources to make sure everyone working at ACT performs work with the highest standards of ethics. At ACT, business compliance is a top priority. Accordingly, in 2019, ACT participated in the annual Business Compliance Ambassadors (BCAs) workshop which focused on anti-corruption, foreign trade control, third party management and competition law. During this workshop ACT learned from its peers and shared experiences, drawing inspiration from international best practices. ACT was also among the official organisations supporting the 2019 International Fraud Awareness Week, contributing to minimise the risk of fraud by promoting anti-fraud awareness campaigns.</li>
</ul>
<ul>
<li><strong>Encouraging employees to raise concerns</strong></li>
<li>ACT’s internal anonymous whistleblowing system enables its employees to report any cases of suspected illegal activities, including but not limited to fraud, corruption, insider-trading, competition law breaches, foreign trade controls violations, deliberate breaches of security, harassment, and discrimination. Additionally, ACT has a “contact us” webpage for external stakeholders to submit concerns. The ACT customer service desk addresses the issues and sends a follow-up email to the person who shared their feedback. In 2019, 100% of the issues raised through the system were resolved.</li>
</ul>
<p><strong>Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?</strong></p>
<p>The GRI Standard addressed in this case is: <a href="https://www.globalreporting.org/standards/media/1006/gri-205-anti-corruption-2016.pdf" target="_blank" rel="noopener">Disclosure 205-2 Communication and training about anti-corruption policies and procedures</a></p>
<p><strong>Disclosure 205-2 </strong>Communication and training about anti-corruption policies and procedures corresponds to:</p>
<ul>
<li><a href="https://www.globalreporting.org/standards/resource-download-center/sdg-compass-annex-linking-the-sdgs-and-gri-standards/" target="_blank" rel="noopener">Sustainable Development Goal (SDG) 16</a>: Peace, Justice and Strong Institutions</li>
<li><strong>Targets: </strong>16.5</li>
</ul>
<p>&nbsp;</p>
<p><strong>78% of the world’s 250 largest companies report in accordance with the GRI Standards</strong></p>
<p>SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.</p>
<p>Research by well-recognised institutions is clearly proving that <a href="https://sustaincase.com/articles-research/" target="_blank" rel="noopener noreferrer">responsible companies can look to the future with optimism</a>.</p>
<p><span style="font-size: 18pt;"><b>7 GRI sustainability disclosures get you started</b></span></p>
<p><b>Any size business can start taking sustainability action</b></p>
<p><span style="font-weight: 400;">GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)</span></p>
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<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Exclusive</span> <span style="font-weight: 400;">FBRH template to begin reporting from day one</span></li>
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<strong> </strong></p>
<p>References:</p>
<p>1) This case study is based on published information by ACT, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:</p>
<p><a href="http://database.globalreporting.org/" target="_blank" rel="noopener">http://database.globalreporting.org/</a></p>
<p>2) <a href="https://www.globalreporting.org/standards/gri-standards-download-center/" target="_blank" rel="noopener">https://www.globalreporting.org/standards/gri-standards-download-center/</a></p>
<p>Note to ACT: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please <a href="mailto:editor@sustaincase.com" target="_blank" rel="noopener">contact us</a>.</p>
<p> </div>
<p>The post <a href="https://sustaincase.com/case-study-how-act-promotes-ethical-business-practices/">Case study: How ACT promotes ethical business practices</a> appeared first on <a href="https://sustaincase.com">SustainCase - Sustainability Magazine</a>.</p>
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