Sustainability Framework and Strategies

Sustainability Framework and Strategy

Osotspa has established a Sustainability Policy to serve as a framework for conducting business responsibly and in alignment with internationally recognized principles and standards, including the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct, the UN Guiding Principles on Business and Human Rights (UNGPs), the ILO Core Labor Standards, and the UN International Bill of Human Rights. The policy also provides guidance for the Company’s sustainability governance and management practices to ensure that its business operations contribute to the achievement of the United Nations Sustainable Development Goals (SDGs)

The key principles of the Company’s Sustainability Policy are as follows:

The policy applies across the Company’s business operations, suppliers, business partners, and joint ventures to drive sustainable development throughout the value chain.
The Company manages stakeholder engagement in accordance with international standards through communication and engagement channels that enable stakeholders to express their views, concerns, and expectations. The Company also provides grievance and whistleblowing mechanisms, investigation processes, and remediation measures to support continuous improvement across its business operations.
The Company has established an approach to assess, identify, and prioritize material topics that are significant to both internal and external stakeholders in alignment with international standards. The materiality assessment is reviewed regularly to ensure its continued relevance to the Company’s business context and stakeholder expectations. The Company is also committed to transparent disclosure in accordance with internationally recognized frameworks and standards, including the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD), and the Carbon Disclosure Project (CDP).

Sustainability Strategy

Osotspa integrates sustainability into its business processes, addressing sustainability across three dimensions:

Committed to minimizing environmental impacts through circular economy practices and climate change mitigation efforts.

Protecting the environment

Improve operational efficiency to reduce natural resource consumption and greenhouse gas emissions

Reduce environmental impacts from packaging.

Conduct business with integrity and ethical practices while delivering products that support consumers’ health and well-being to create positive impacts on society.