Environmental, Social & Governance
Our Commitment to Environmental, Social, & Governance (ESG) Practices
We are committed to ensuring that our business is conducted in all respects according to rigorous ethical, professional, and legal standards. Adherence to applicable local laws and regulations, and the application of common sense, logic and the basic standards of behavior expected in the society we participate in, should guide each employee in determining the correct course of action that supports these standards in their daily working lives.
ESG Policies & Statements
The topics listed below represent a broad range of environmental, social and governance (ESG) issues that are important to Spectrum.
Spectrum Plastics Group, including all affiliates, subsidiaries and majority-owned or controlled joint ventures (the “Company”), is committed to doing business legally, ethically and professionally worldwide. It is the Company’s policy to comply with all anti-corruption laws that apply to its operations, including the U.S. Foreign Corrupt Practices Act (“FCPA”) and the laws of the countries where we do business that prohibit corrupt conduct.
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Business Continuity Plans have been compiled with the objective of creating a plan for Spectrum Plastics Group to follow in the event of a major incident, which seriously affects the ability of the company to service its customers. The nature of any incident and the severity of the restriction(s) placed on the Company’s operation cannot be known in advance. Rapid assessment of the situation and the taking of appropriate contingency action(s) are vital to limit disruption in the interests of both the Company and its customers.
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Spectrum Plastics Group, and its affiliated companies are committed to the principle of conducting business in accordance with the highest ethical and moral standards, as well as in compliance with all applicable laws and regulations. This commitment is a reflection of "Our Promise", which should be followed and practiced in every aspect of our business lives.
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Corporate Social Responsibility (CSR) is the collection of efforts that a company does to improve society, including volunteering, donating money to charities, supporting the needs local communities, and other similar activities.
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As a responsible company, Spectrum supports the goal of the Dodd-Frank Act of preventing armed groups in the Democratic Republic of Congo and adjoining countries from benefitting from the sourcing of Conflict Minerals from that region.
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Spectrum Plastics Group recognizes that protecting data privacy is fundamental to maintaining the trust of our employees and customers, as well as growing our business. Data Privacy is a strategic priority for Spectrum, and we have strong measures in place to protect the privacy and security of employee and customer information, and to ensure compliance with policy legislation. Spectrum has adopted corporate policies and operating procedures governing how we collect, use, retain, and protect data.
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Spectrum Plastics Group is committed to a culture of diversity, equity and inclusion. As stated in Our Promise, we strive “to be a professional home where we are secure, engaged, proud of our Team, and can grow our skills and careers in a challenging and creative environment.”
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Spectrum is committed to maintaining a cooperative working environment where employees are dedicated, involved, and recognized for their contribution. We continuously look for ways to support personal and professional growth and provide access to the people and tools that will help do so.
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Spectrum is committed to continually improving our performance in prevention of accidental loss of any of our resources, including employees and physical assets. To meet this commitment, we will provide and maintain a safe and healthy work environment, in accordance with all legal requirements that apply to our business as well as to other requirements, which apply to our operations. We will strive to eliminate any foreseeable hazards, which may result in personal injury/illness, or property damage. SPG has developed policies and procedures to provide a framework to establish and review objectives and targets in order to ensure continual improvement and maintain the effectiveness of the health and safety management system.
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Spectrum Plastics Group remains committed to Quality through sustainable Quality Management Systems with a focus on continuous evaluation and improvement. There is a global commitment to compliance of customers, and regulatory requirements including the evaluation of effectiveness to meet or exceed both customer requirements and quality objectives. Spectrum will provide engaging leadership to perform safely and correctly the first time, on time, and every time.
Spectrum Plastics Group regard suppliers as our partners and work with them to help us achieve our policy aspirations in the delivery of our products and services. Specifically, Spectrum is committed to working with its suppliers of products and services to ensure that the welfare of workers and labor conditions with our supply chain meet or exceed recognized standards.
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Spectrum Plastics Group is firmly committed to conducting its business and working with employees, customers, suppliers, and shareholders in a manner which is lawful and ethically responsible. It will not tolerate attitudes or activities that constitute a breach of law or trust, or infringe liberty.
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