ESG Policy
About this Policy:
This Environmental, Social, and Governance (ESG) Policy outlines Tulyp's commitment to integrating sustainability considerations into its business operations and decision-making processes.As a growing fintech in the trade finance industry, we recognize the importance of responsible business practices and their positive impact on the environment and society. This policy serves as a foundational step in our ESG journey and will evolve alongside our company's growth and development. We are dedicated to continuous improvement in our ESG performance, ensuring alignment with industry best practices and stakeholder expectations.
Scope of the Policy:
This policy applies comprehensively to all of Tulyp's operations, encompassing internal activities, relationships with clients and partners. We champion sustainable practices throughout our value chain, encouraging our stakeholders to embrace similar principles. Our commitment extends to responsible sourcing, ethical marketing, and data privacy, ensuring that sustainability is embedded in all aspects of our business.
ESG Values:
Our ESG policy is guided by the following core values:
Environmental
- Minimize environmental impact: We are committed to minimizing our carbon footprint and promoting environmentally conscious practices within our operations and throughout our value chain. This includes reducing energy consumption, promoting sustainable transportation, and supporting initiatives that protect biodiversity.
- Promote responsible resource use: We will actively seek ways to reduce our consumption of resources, including water, energy and other resources. We will prioritize efficiency and explore circular economy models to minimize our environmental footprint.
- Limit waste and improve recycling: We will implement waste reduction and recycling initiatives to minimize our environmental impact. This includes responsible waste disposal, promoting reusable materials, and minimizing packaging waste.
Social
- Respect human rights: We uphold and promote internationally recognized human rights in our activity. We are committed to fair labor practices, safe working conditions, and freedom of association.
- Promote diversity and equal opportunities: We are committed to fostering a diverse and inclusive workplace where everyone is treated with dignity and respect. We value diversity in all its forms and strive to create an environment free from discrimination and harassment.
-Support fair labor practices: We will ensure fair labor practices, including fair wages, reasonable working hours and safe working conditions, for our employees and those involved in our supply chain. We are committed to upholding labor rights and promoting employee well-being.
Governance
- Maintain high ethical standards: We are committed to conducting our business with integrity and transparency, adhering to the highest ethical standards. We will maintain ethical business practices in all our dealings with clients, partners, and employees.
- Ensure strong corporate governance: We will maintain a robust corporate governance framework to ensure accountability and responsible decision-making. This includes clear lines of responsibility and transparent decision-making processes.
- Promote anti-corruption: We have a zero-tolerance policy towards corruption and bribery in all our business dealings. We will comply with all applicable anti-corruption laws and regulations and promote ethical business practices throughout our value chain.
How Our Values Come to Force in Tulyp:
We will translate our ESG values into action through various initiatives, including:
- Environmental: Implementing energy-efficient practices, reducing waste, promoting remote work to minimize travel and supporting sustainable supply chain initiatives. We will also invest in renewable energy sources and support environmental conservation projects.
- Social: Ensuring fair labor practices, promoting equality and supporting diversity and inclusion.
- Governance: Maintaining transparent and accountable governance structures, adhering to anti-corruption principles, and ensuring ethical business practices. We will also engage with our stakeholders on ESG issues.
Internal ESG Management:
Roles and Responsibilities
- COO: The COO will have overall responsibility for overseeing the implementation and monitoring of this ESG policy. They will provide leadership and guidance on ESG matters and ensure that sustainability is integrated into our business.
- ESG Committee: An ESG Committee will be formed, comprising representatives from different departments, to support the COO in driving ESG initiatives. The committee will be responsible for developing and implementing ESG strategies, monitoring performance, and engaging with stakeholders.
- All Employees: All employees are expected to contribute to the implementation of this ESG policy by adhering to its principles in their daily work. They will raise awareness on this topic to understand and implement ESG best practices.
Contact
For any questions or concerns regarding this ESG policy, please contact the COO or the ESG Committee.
Measuring and Reporting:
As the company is a startup, we will develop and implement as we grow:
A comprehensive framework to measure and report on our ESG performance regularly. This framework will include:
- Key performance indicators (KPIs): define specific, measurable, achievable, relevant for each ESG area. These KPIs will be used to track our progress and identify areas for improvement in the future.
- Data collection and analysis: establish a robust system for collecting and analyzing relevant ESG data. This will be completed and clarified in the future.
-Reporting: publish regular reports on our ESG performance, including progress against KPIs and future targets. These reports will be transparent and accessible to all stakeholders.
Stakeholder Engagement:
We will actively engage with our stakeholders on ESG issues through various channels, including:
- Client communication: inform clients about our ESG policy and initiatives. This includes providing regular updates on our performance and engaging in dialogue on ESG issues.
- Partner collaboration: collaborate with partners to promote sustainable practices throughout our value chain. This includes working with suppliers to improve their environmental and social performance.
- Investor relations: maintain open communication with investors on our ESG performance.
- Employee inclusion: engage with employees to make them active contributors of the ESG policy and actions.
Continuous Improvement:
We have started a journey and we are committed to continuously improving our ESG performance. We will regularly review and update this policy to ensure it remains relevant as we grow and develop the company. Our commitment to continuous improvement reflects our dedication to integrating sustainability into the core of our business and contributing to a more sustainable future.
UN Sustainable Development Goals:
Tulyp recognizes the importance of the UN Sustainable Development Goals (SDGs) and is committed to contributing to their achievement (https://www.un.org/sustainabledevelopment/sustainable-development-goals/)
The UN Sustainable Development Goals (SDGs) are a universal call to action to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity by 2030. There are 17 SDGs, each with specific targets and indicators, that address a range of global challenges, including poverty, hunger, climate change, inequality and environmental degradation.
Tulyp recognizes the importance of the SDGs and is committed to contributing to their achievement. We believe that businesses have a crucial role to play in achieving the SDGs, and we are committed to using our resources and influence to support their realization.
As an early-stage startup, we are still growing and developing our business. However, we are committed to integrating the SDGs into our operations and decision-making as we grow. We will start by focusing on the SDGs that are most relevant to our business and where we can have the greatest impact. As we grow and mature, we will expand our focus to include other SDGs and deepen our engagement with the SDG framework.
We believe that by working together, we can achieve the SDGs and create a more sustainable future for all.
This ESG policy is a living document that will evolve as our company grows and our understanding of ESG issues deepens. We are committed to integrating sustainability into the core of our business and contributing to a more sustainable future.
This Environmental, Social, and Governance (ESG) Policy outlines Tulyp's commitment to integrating sustainability considerations into its business operations and decision-making processes.As a growing fintech in the trade finance industry, we recognize the importance of responsible business practices and their positive impact on the environment and society. This policy serves as a foundational step in our ESG journey and will evolve alongside our company's growth and development. We are dedicated to continuous improvement in our ESG performance, ensuring alignment with industry best practices and stakeholder expectations.
Scope of the Policy:
This policy applies comprehensively to all of Tulyp's operations, encompassing internal activities, relationships with clients and partners. We champion sustainable practices throughout our value chain, encouraging our stakeholders to embrace similar principles. Our commitment extends to responsible sourcing, ethical marketing, and data privacy, ensuring that sustainability is embedded in all aspects of our business.
ESG Values:
Our ESG policy is guided by the following core values:
Environmental
- Minimize environmental impact: We are committed to minimizing our carbon footprint and promoting environmentally conscious practices within our operations and throughout our value chain. This includes reducing energy consumption, promoting sustainable transportation, and supporting initiatives that protect biodiversity.
- Promote responsible resource use: We will actively seek ways to reduce our consumption of resources, including water, energy and other resources. We will prioritize efficiency and explore circular economy models to minimize our environmental footprint.
- Limit waste and improve recycling: We will implement waste reduction and recycling initiatives to minimize our environmental impact. This includes responsible waste disposal, promoting reusable materials, and minimizing packaging waste.
Social
- Respect human rights: We uphold and promote internationally recognized human rights in our activity. We are committed to fair labor practices, safe working conditions, and freedom of association.
- Promote diversity and equal opportunities: We are committed to fostering a diverse and inclusive workplace where everyone is treated with dignity and respect. We value diversity in all its forms and strive to create an environment free from discrimination and harassment.
-Support fair labor practices: We will ensure fair labor practices, including fair wages, reasonable working hours and safe working conditions, for our employees and those involved in our supply chain. We are committed to upholding labor rights and promoting employee well-being.
Governance
- Maintain high ethical standards: We are committed to conducting our business with integrity and transparency, adhering to the highest ethical standards. We will maintain ethical business practices in all our dealings with clients, partners, and employees.
- Ensure strong corporate governance: We will maintain a robust corporate governance framework to ensure accountability and responsible decision-making. This includes clear lines of responsibility and transparent decision-making processes.
- Promote anti-corruption: We have a zero-tolerance policy towards corruption and bribery in all our business dealings. We will comply with all applicable anti-corruption laws and regulations and promote ethical business practices throughout our value chain.
How Our Values Come to Force in Tulyp:
We will translate our ESG values into action through various initiatives, including:
- Environmental: Implementing energy-efficient practices, reducing waste, promoting remote work to minimize travel and supporting sustainable supply chain initiatives. We will also invest in renewable energy sources and support environmental conservation projects.
- Social: Ensuring fair labor practices, promoting equality and supporting diversity and inclusion.
- Governance: Maintaining transparent and accountable governance structures, adhering to anti-corruption principles, and ensuring ethical business practices. We will also engage with our stakeholders on ESG issues.
Internal ESG Management:
Roles and Responsibilities
- COO: The COO will have overall responsibility for overseeing the implementation and monitoring of this ESG policy. They will provide leadership and guidance on ESG matters and ensure that sustainability is integrated into our business.
- ESG Committee: An ESG Committee will be formed, comprising representatives from different departments, to support the COO in driving ESG initiatives. The committee will be responsible for developing and implementing ESG strategies, monitoring performance, and engaging with stakeholders.
- All Employees: All employees are expected to contribute to the implementation of this ESG policy by adhering to its principles in their daily work. They will raise awareness on this topic to understand and implement ESG best practices.
Contact
For any questions or concerns regarding this ESG policy, please contact the COO or the ESG Committee.
Measuring and Reporting:
As the company is a startup, we will develop and implement as we grow:
A comprehensive framework to measure and report on our ESG performance regularly. This framework will include:
- Key performance indicators (KPIs): define specific, measurable, achievable, relevant for each ESG area. These KPIs will be used to track our progress and identify areas for improvement in the future.
- Data collection and analysis: establish a robust system for collecting and analyzing relevant ESG data. This will be completed and clarified in the future.
-Reporting: publish regular reports on our ESG performance, including progress against KPIs and future targets. These reports will be transparent and accessible to all stakeholders.
Stakeholder Engagement:
We will actively engage with our stakeholders on ESG issues through various channels, including:
- Client communication: inform clients about our ESG policy and initiatives. This includes providing regular updates on our performance and engaging in dialogue on ESG issues.
- Partner collaboration: collaborate with partners to promote sustainable practices throughout our value chain. This includes working with suppliers to improve their environmental and social performance.
- Investor relations: maintain open communication with investors on our ESG performance.
- Employee inclusion: engage with employees to make them active contributors of the ESG policy and actions.
Continuous Improvement:
We have started a journey and we are committed to continuously improving our ESG performance. We will regularly review and update this policy to ensure it remains relevant as we grow and develop the company. Our commitment to continuous improvement reflects our dedication to integrating sustainability into the core of our business and contributing to a more sustainable future.
UN Sustainable Development Goals:
Tulyp recognizes the importance of the UN Sustainable Development Goals (SDGs) and is committed to contributing to their achievement (https://www.un.org/sustainabledevelopment/sustainable-development-goals/)
The UN Sustainable Development Goals (SDGs) are a universal call to action to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity by 2030. There are 17 SDGs, each with specific targets and indicators, that address a range of global challenges, including poverty, hunger, climate change, inequality and environmental degradation.
Tulyp recognizes the importance of the SDGs and is committed to contributing to their achievement. We believe that businesses have a crucial role to play in achieving the SDGs, and we are committed to using our resources and influence to support their realization.
As an early-stage startup, we are still growing and developing our business. However, we are committed to integrating the SDGs into our operations and decision-making as we grow. We will start by focusing on the SDGs that are most relevant to our business and where we can have the greatest impact. As we grow and mature, we will expand our focus to include other SDGs and deepen our engagement with the SDG framework.
We believe that by working together, we can achieve the SDGs and create a more sustainable future for all.
This ESG policy is a living document that will evolve as our company grows and our understanding of ESG issues deepens. We are committed to integrating sustainability into the core of our business and contributing to a more sustainable future.
