Introduction

Venetia is committed to conducting business in an ethical, transparent, and responsible manner. We believe that our success is inextricably linked to our commitment to respect human rights, uphold labor standards, protect the environment, and fight against corruption. To this end, we endorse and integrate the Ten Principles of the United Nations Global Compact into our business practices.

All employees are required to participate in regular compulsory training and awareness programs that cover the UNGC principles. These programs emphasize the relevance of these principles to our company’s operations, products, and services.

Human Rights

• Support and Respect Human Rights: We are dedicated to supporting and respecting the protection of internationally proclaimed human rights. This includes ensuring that our business operations do not infringe upon the human rights of any individual or community. Regular mandatory training on human rights issues relevant to our operations, products, and services is provided to all employees. We strive to create a safe and inclusive environment for all our employees, customers, and stakeholders.

• Avoid Complicity in Human Rights Abuses: We are committed to avoiding complicity in human rights abuses. This means actively preventing our operations, products, and services from contributing to or supporting human rights violations, and taking prompt action if any such issues are identified.

Labor Standards

• Eliminate Forced and Compulsory Labor: We uphold the prohibition of forced and compulsory labor in all its forms. Our workforce is employed voluntarily, with all employees having the freedom to leave their employment in accordance with applicable laws and regulations.

• Abolish Child Labor: We strictly prohibit child labor within our operations and supply chains. We adhere to all relevant laws and regulations concerning the minimum age for employment and ensure that our practices contribute to the well-being and education of children.

• Ensure Fair and Safe Working Conditions: We are committed to providing fair and safe working conditions. This includes ensuring that all employees receive fair wages, have safe and healthy working environments, and are treated with dignity and respect. We actively promote equal opportunity and non-discrimination in the workplace, and we have a process for addressing and remedying any labor-related grievances or complaints raised by employees. This includes procedures for investigating allegations of discrimination, harassment, or retaliation.

Environment

• Support a Precautionary Approach to Environmental Challenges: We embrace a precautionary approach to environmental challenges by taking proactive measures to prevent environmental damage. We continuously assess and improve our environmental practices to minimize our impact on the planet and our environmental policy is current and consistent with relevant laws and regulations, including the Clean Air Act, the Clean Water Act, and the Resource Conservation and Recovery Act (RCRA).

• Promote Environmental Responsibility: We are committed to promoting environmental responsibility throughout our operations. This includes adopting sustainable practices, reducing waste, conserving resources, and minimizing our carbon footprint.

• Encourage the Development and Diffusion of Environmentally Friendly Technologies: We support the development and adoption of environmentally friendly technologies. We invest in innovation that enhances environmental sustainability and actively seek opportunities to improve our environmental performance.

Anti-Corruption

• Work Against Corruption in All Its Forms: We are resolutely against corruption, including bribery and extortion. Our operations are conducted with the highest standards of integrity and transparency. We have implemented robust anti-corruption policies and practices to prevent, detect, and address any corrupt activities.

• Promote Ethical Conduct and Compliance: We foster a culture of ethical conduct and compliance with all applicable anti-corruption laws and regulations. We ensure that our employees and business partners are aware of and adhere to our anti-corruption policies, and we provide training and resources to support these efforts.

• We have a clear process for investigating and addressing allegations of corruption. This includes a whistleblowing platform, mechanisms for protecting whistleblowers, and procedures for taking disciplinary action against those involved in corrupt practices.

Commitment

Venetia affirms our commitment to ethical business practices and corporate social responsibility. We are dedicated to integrating these principles into our daily operations and decision-making processes, striving to make a positive impact on society and the environment.

Our commitment to these principles is an integral part of our mission and values, guiding us towards sustainable and responsible business practices.