Ethics
“The Earth doesn’t need saving; it needs sustainable stewardship.”
A strong ethical foundation
We prioritize the equilibrium between profitability and responsibility to our stakeholders. Our corporate governance framework promotes ethical practices throughout the organisation, while transparent communication ensures effective engagement with stakeholders. We strive to attain our “Leadership with Care” goal by undertaking initiatives that advance our company, stakeholders, and national development objectives. Prashad Knitfab PvtLtd governance system comprises sustainability guidelines to steer our strategic course and generate value. The board remains updated on regulatory reforms, CSR, and sustainability issues to ensure future business success
We at Prashad Knitfab PvtLtd are committed to communicating in a candid and transparent manner. Our zero-tolerance approach to any incidents of ethical misconduct and complaints from interested parties, is maintained. All comments made are investigated by an independent team ensuring trust and clarity. To do this, we investigate quickly whenever breaches of ethics are reported, and we take necessary action, including but not limited to employee warning, suspension, termination, reduction in pay, or termination of vendor contracts. We consider ethics to be an evolving process and are continuously revising our business practices in response to the insights and advice from those investigations
Biodiversity conservation
We are committed to no net loss of biodiversity before 2030
We are making significant efforts in this space to reduce our environmental footprint and promote biodiversity. Protecting wildlife and plant life is how we give back to nature while also raising awareness among our employees and the communities, where we’re nurturing nature at every turn. Our pledge is manifested as individual biodiversity action plans for the sites, all designed specifically based on ecological priorities and the appropriate actions needed. Throughout the journey, we partner with experts and collaborators who help to ensure our environmental efforts see their most significant impacts at ground level
The Prashad Knitfab PvtLtdcode of conduct
We commit to fairness, honesty, transparency, and ethics in all our actions while building a collaborative relationship grounded in trust
The Prashad Knitfab of conduct (TCOC): The roadmap to ethical excellence
Empowering with knowledge: Ethics training via e-modules
Listening, learning, and growing ethically: The perception survey
Ethics is more than a principle at Prashad Knitfab PvtLtd
As one united force, together we soar higher and maintain the ethical values that Prashad Knitfab PvtLtd has been crafted on for years. Building together a partnership, a success, and a legacy
The annual compliance report
We, at Prashad Knitfab PvtLtd, are committed to the highest standards of ethics and compliance. The Prashad Knitfab Ethics Office, assisted by EY, audits us every year through an Annual Compliance Report (ACR)
Here is a detailed rating system for performance in four key areas: leadership, compliance structure, communication and training, and measuring effectiveness. For six years running, we have boasted the highest rating in these categories! This process is what allows us to grow and stick to our moral standards
The rating scale framework
