MSX strives to provide
an ecosystem for ethical business practices by introducing a sustainable
investment team that is dedicated to monitoring ESG practices of MSX, and
support the listed companies to disclose their ESG practices and initiatives by
provision of a multilateral governance framework, that includes ancillary
reports, guidelines, and projects to prepare the local listed companies for the
global shift towards compulsory ESG disclosures around sustainable investment
development.
1- Green initiatives, environment friendly initiatives. These
include;
ü
Reducing
the use of single-use plastic bottles, and eliminating them completely by the
end of 2023.
ü
Reducing
the use and waste of paper through digitizing all documents and centralized and
controlled printing services.
ü
Awareness
campaigns to encourage recycling and adopt “environment- friendly” practices.
ü
Efficient
use of energy through reducing consumption and shifting to smarter systems.
ü
Switching
to clean/ alternative energy to operate MSX facilities.
ü
Managing
waste and introducing recycling initiatives.
ü
Reducing
the use and consumption of water through installing dynamic systems that work by sensors.
2-Ethical investment, diversity, employee wellness.
ü
Implementing
gender inclusive and diverse policies and practices by providing equal
opportunities and equal pay
ü
Eliminating
any gender discriminatory practices, such as gender specifications (f/m) in job
postings.
ü
Increasing
employee turnover, through internal job postings /promotions \
ü
Enforcing
modern HSE practices and increasing employee wellness by
procuring special offers and discounts.
ü
Investing
in staff development and training.
ü
Engaging
with the local investor community regularly through workshops, seminars, and
conferences to keep up transparent flow of information.
ü
Supporting
local business to provide ethically sourced products and services.
ü
Introducing
graduate training programs to provider paid internships to local fresh
graduates.
3-Corporate Governance practices.
ü
Maintaining
the separation between CEO and Chairman’s functions.
ü
Maintaining
a non-executive board of directors.
ü
Ensuring
complete compliance with applicable laws and regulations and shareholder
guidelines and regulations.