Our sustainability policies

Introduction

Ayomikun Golden Concept (AGC) is dedicated to sustainable and ethical business practices. We recognize that our operations have a significant impact on the environment and society at large. We incorporate environmental, social, and governance (ESG) considerations into all aspects of our operations in Nigeria, adhering to applicable regulations. This Policy therefore outlines our commitment and the steps we take to integrate environmental, social, and governance principles into our business practices to promote sustainability, ethical conduct, and transparency.

1. Environmental Stewardship

We understand that we have a responsibility to ensure that our operations within the agro-commodities industry have a minimal impact on the environment. As good stewards, we are committed to sustainable practices that protect and preserve natural resources for future generations.

1.1 Sustainable Sourcing

We are dedicated to driving sustainable sourcing practices across our supply chain, as we believe that responsible sourcing is essential for the preservation of our environment and the prosperity of our communities. We are dedicated to sourcing 100% deforestation-free commodities, ensuring full compliance with all relevant deforestation regulations.

1.2 Climate Action

We aim to reduce our carbon footprint by implementing energy-efficient practices and investing in renewable energy. We will track and report our greenhouse gas emissions and set targets for continuous improvement.

1.3 Waste Management

In our operations, we employ a comprehensive waste reduction strategy. Promoting recycling, composting, and appropriate disposal methods for all waste products are part of this. We also utilize digital technologies for document storage, communication, and record-keeping, actively working toward paperless operations.

2. Social Responsibility

At AGC, a deep commitment to social responsibility is at the core of our identity. We believe that people are the heart of our business, and we take pride in fostering an inclusive and supportive work culture.

2.1 Diversity, Equity and Inclusion (DEI)

Our policy prohibits discrimination based on a person's race, ethnicity, religion, gender, sexual orientation, age, handicap, and gender. This policy guarantees equal opportunities for all workers in terms of hiring, training, advancement, and pay.

2.2 Health and Safety

We prioritize the health and safety of everyone involved in our operations. We maintain stringent health and safety standards to ensure a safe working environment for all. We adhere to robust health and safety protocols tailored to the peculiarities of our business.

2.3 Responsible Sourcing

We are committed to upholding rigorous standards of social responsibility in our sourcing practices for our commodities suppliers. We conduct extensive due diligence to ensure that our suppliers adhere to ethical labor practices.

3. Governance Integrity

At AGC, we recognize that good governance is fundamental to enhancing value for our shareholders and stakeholders alike. We uphold a strong governance framework that places a high value on accountability, openness, and moral behavior.

3.1 Corporate Governance

Our governance framework is anchored in Nigeria's 2018 Code of Corporate Governance, which provides a comprehensive set of principles, processes, and practices. We are committed to fully complying with the Code and purposefully integrating its provisions into our governance framework.

3.2 Data Privacy and Security

At AGC, we prioritize data privacy and security. We abide by all applicable data protection laws, such as the Nigeria Data Protection Regulation (NDPR). This guarantees that we handle personal data in a lawful and ethical manner.

3.3 Whistleblowing

AGC keeps a confidential whistle-blower hotline open for staff members and other interested parties to report any suspected misconduct or policy violations. We value open communication and consider any issues that are brought to our attention.

Our Commitment

Ayomikun Golden Concept is committed to respecting and promoting human rights throughout our operations and supply chain. We believe that upholding human rights is not only a moral obligation but also essential for the sustainable success of our business.

Key Principles

• Fair Labor Practices: We ensure fair wages, reasonable working hours, and safe working conditions for all employees.
• Freedom of Association: We respect the right of all employees to freely associate and join organizations of their choice.
• No Forced Labor: We strictly prohibit all forms of forced labor, bonded labor, and human trafficking.
• No Child Labor: We ensure that no underage or child labor is employed in any part of our business operations.
• Women Empowerment: We actively promote and support women's empowerment across all levels of our operations.
• Privacy and Data Protection: We respect the privacy of our employees, customers, and other stakeholders.

Implementation and Monitoring

We implement our human rights commitments through:

• Regular human rights due diligence assessments
• Training and awareness programs for all employees
• Grievance mechanisms for reporting concerns
• Continuous monitoring and improvement of our practices
• Collaboration with suppliers to ensure compliance

Our Commitment to EUDR Compliance

The European Union Deforestation Regulation (EUDR) represents a crucial step towards preventing deforestation and promoting sustainable trade practices. Our work on environmentally sound practices, including the prevention of deforestation predates the introduction of the EUDR and we have started improving some targeted measures to ensure compliance with EUDR requirements.

Our EUDR Compliance Framework

Developing a Comprehensive Due Diligence Framework

We have established comprehensive due diligence processes to evaluate our supply chain for deforestation risks. This involves implementing systems to collect relevant data, including geospatial information, and assessing various risks throughout the value chain. Our framework also incorporates third-party verification to ensure the data collected complies with EUDR requirements.

Implementing Traceability Systems

We have invested in advanced traceability systems that help us track our products from farm to market. These systems enable us to provide complete transparency about the origin of our commodities and ensure compliance with EUDR requirements.

Training and Capacity Building

We continue to conduct training sessions for our team and supply chain partners such as farmers, brokers and local buying agents to ensure they are well-informed about EUDR requirements and best practices for compliance.