AMALGAMATED PUMPING SUPPLIES
The definition and implementation of a risk control policy is above all based on the respect of a number of essential values and the application of good prevention practices.
Amalgamated Pumping Supplies has in place a comprehensive monitoring, management and reporting framework that allows business risks to be identified, managed and overseen in a timely and efficient manner.
Amalgamated Pumping Supplies actively mitigates risks and optimizes our resources to protect the Company and all other stakeholders with the risk profile adopted.
Amalgamated Pumping Supplies has implemented a Risk Management system that provides a comprehensive risk profile of the Company and allows for formalized ongoing risk monitoring and reporting.
The internal audit plan is designed to be risk focused and is aligned with the Risk Management system risk profile. It takes into consideration the Company’s strategic initiatives, and provides assurance on risks and their control status.
|The Directors recognize that risk management and internal control are key elements of good corporate governance. Amalgamated Pumping Supplies has a Risk Management and Internal Control Policy that describes the manner which identifies, assesses, monitors and manages risk.|
|2) Statement Policy|
|Amalgamated Pumping Supplies is expected to:|
|3) Implementation of policy|
|The Risk Management and Internal Control Policy is implemented by:|
|4) Risk Profile|
|The operation of our risk management process results in the identification of a number of industry risks which may impact on our business.|
|These risks include but are not limited to:|
These risks may change over time as the external environment changes and asAmalgamated Pumping Supplies expands its operations.
The risk management process requires regular reviews of our existing risks and the identification of any new and emerging risks facing our company, including financial and non-financial matters. It also requires the management (including mitigation where appropriate) of these risks.
|Amalgamated Pumping Supplies is committed to being an environmentally responsible company and believes that integrated actions taken within its operations to conserve natural resources and protect the environment make sound business sense.|
|Amalgamated Pumping Supplies will ensure that any potentially harmful impacts its processes and products may have on the environment are minimized by:|
|Frequently Asked Questions|
|At Amalgamated Pumping Supplies our employees are expected to conduct their business in an environmentally responsible manner, which includes but is not limited to:|
|Amalgamated Pumping Supplies has adopted a proactive approach towards Health, Safety and the Environment and works in accordance with the IS014001 standard of practice which will ensure a safe and healthy working environment.|
|Caring for the environment|
Environmental considerations will form an integral part of our daily business and we will be responsible and accountable at all levels of management, seeking continuous improvement through self-assessment and auditing.
We accept responsibility for all our products and services, raw material usage and the disposal after use of waste products used in our manufacturing processes. We will make sustainable use of renewable resources and, wherever practical, use renewable or recyclable materials in production processes.
Applying health and safety is the right thing to do!
Amalgamated Pumping Supplies adheres to South Africa’s Occupational Health and Safety Act, ACT 85 OF 1993, which aims to provide for the health and safety of persons at work and for the health and safety of persons in connection with the activities of persons at work, and to establish an advisory council for occupational health and safety.
Amalgamated Pumping Supplies has implemented a management system in the workplace to sustain employee wellbeing, minimize risks to the bare minimum and to effectively protect and control the utilization of our resources.
Safety and Health Management thus form part of management’s and employees’ day to day activities.
Successful businesses realize that preventing occupational injuries and illnesses is important to an organization’s overall performance.
For this reason the Directors at Amalgamated Pumping Supplies agree that the company must excel in all areas to be internationally competitive. Preventing workplace incidents is cost-effective for both the company as well as its workers.
Companies with higher standards in Occupational Health and Safety are more likely to have higher standards in other areas as well. At Amalgamated Pumping Supplies we realize that Health and safety and productivity are not mutually exclusive nor are they inseparable.
|Shared responsibility and leadership:|
At Amalgamated Pumping Supplies we recognize the importance of all employees participating and individuals sharing responsibility for occupational health and safety. We also recognize that the success of a company’s health and safety program depends most on the leadership provided by top management.
The Directors at Amalgamated Pumping Supplies are committed to the following:
|Matching words with action:|
|Amalgamated Pumping Supplies Directors show leadership in the area of occupational health and safety through participation, disciplinary measures for non- compliance, leading by example and by showing that commitment is more than just talk.|
The Directors and all employees of Amalgamated Pumping Supplies are guided by our Quality Policy in all decisions and actions on a daily basis.
Our goal is to provide the following:
|The management of Amalgamated Pumping Supplies realizes that success in the future depends upon achieving these goals by:|
|Amalgamated Pumping Supplies will not compromise the integrity of our products and services in an attempt to satisfy short-term goals. We are committed to long-term growth, profitability and employment of our personnel and will achieve this utilizing a business approach that takes into account the needs of all our stakeholders (e.g., employees, partners, suppliers, customers, and the environment) and which encompasses an attitude of “Quality First.”|
|GENERAL BUSINESS PRINCIPLES|
At Amalgamated Pumping Supplies, we strive to be a winning company and having defined our goals and objectives, we will pursue their attainment with a single-minded focus.
We will always operate within the laws of the land, in accordance with good business ethics and in a safe and environmentally responsible way.
|Our measures of success are the extent to which we meet these commitments, the long-term value we create for our shareholders, the pride of our employees in their accomplishments, the satisfaction of our customers and all those with whom we do business, and the extent to which communities, both local and international, judge our activities as beneficial.|
We will pursue our business with honesty, integrity, and fairness. Corporate funds and assets will only be used for lawful or proper purposes and all business transactions will be reflected accurately and fairly. We recognize that transparency and open communication are essential.
To this end, we will provide all relevant information as may be required by our stakeholders about our activities, subject only to overriding considerations of business confidentiality.
In everything we do, we will be guided by our Shared Values. We will keep a balance between Business Values and People Values.
|1. The DEFINITION of Quality is Conformance to Requirements|
2. The SYSTEM to cause Quality is Prevention.
3. The PERFORMANCE STANDARD of Quality is Right Things Right Every Time
4. The MEASUREMENT of Quality is the Price of Non-conformance.
5. The RESPONSIBILITY for Quality is Proactive Leadership at All Levels.
|1. Treat others with uncompromising truth.|
2. Lavish trust on our associates.
3. Mentor unselfishly.
4. Be receptive to new ideas, regardless of their origin.
5. Take personal risks for the organisation’s sake.
6. Give credit where it is due.
7. Put the interests of others before our own.
8. Not touch dishonest money.
|COMMITMENT TO COMMUNITY|
|As part of our commitment to being a good corporate citizen, it is our policy to conduct business in a manner that is compatible with the economic, social, and environmental needs of the communities in which we operate. To this end, we will:|
|HEALTH SAFETY AND ENVIRONMENTAL PROTECTION|
|In conducting our activities, we will take every reasonable and practicable step to prevent and eliminate the risk of injuries, health hazards, and damage to property, and will take proactive measures toward the conservation and preservation of the environment in a reasonable and cost-effective manner.|
|To achieve these objectives, we will:|
|We confirm our commitment to achieving and maintaining quality and reliability for all Amalgamated Pumping Supplies products and services, through the effective implementation, maintenance and continuous improvement of Business processes, including, where applicable, Quality Management systems conforming to International Standards Organisation (ISO) 9001 and other International Standards. This will ensure that we continue to strive for Operational Excellence and consistently meet the requirements of our customers in a competitive and cost effective way.|
|Our employment policies and practices are designed to embrace employee rights that compare favourably to the best in South Africa. These include freedom of association, the right to organise and bargain collectively, a prohibition on forced labour, illicit child labour and any form of discrimination in employment. We recognise and support employment equity and have policies in place to achieve this. We consider our employees to be intellectual assets and we have various programmes to nurture, retain and grow our employees.|
|CONFLICTS OF INTEREST|
Our policy requires that directors, officers and employees avoid any conflict between their own interests and the interests of Amalgamated Pumping Supplies in dealing with suppliers, customers and other third parties.
All Amalgamated Pumping Supplies employees are required to adhere to the Amalgamated Pumping Supplies group statement of policies relating to conflict of interest and these policies are rigorously applied.
|COMPLIANCE WITH LOCAL LAW|
|All employees, contractors and agents of the company comply with applicable laws wherever we operate.|
We believe businesses have a key role to play in the promotion and protection of internationally recognised human rights standards within their respective spheres of influence.
To this end, we will: