Code of Corporate Policy
Objective and Introduction
1.1 This Code applies to CSL Group Inc. and its subsidiaries and references in this Code
to the "Company" or "CSL" means CSL Group Inc. and its subsidiaries.
1.2 The Company's objective is to engage efficiently and responsibly in shipping and
other selected businesses. The Company seeks a high standard of performance and
aims to maintain a long-term, profitable position in all of its competitive environments.
1.3 In all of CSL's operations, it is important to adopt approaches to the process of doing
business in order to meet the objective set out in paragraph 1.2. CSL demands and
maintains high standards in carrying out its business activities.
1.4 The Company recognizes its responsibilities to and respect for the global ecosystem
of which it and its business is a part, including its customers, its employees, those with
whom the Company does business, the wider community, and the environment.
1.5 The Company's reputation for integrity is one of its most important assets.
Accordingly, maintaining a high level of integrity and trust with its customers, employees,
those with whom CSL does business, and the wider community is the obligation of every
CSL director, officer, and employee.
1.6 Although laws may and do differ from country to country, matters of CSL's business
integrity transcend national boundaries.
Customers
2.1 CSL believes that integrity in dealings with customers is a prerequisite for a
successful and sustained business relationship. This principle governs all aspects of its
approach to its customers.
2.2 CSL undertakes to win and to maintain customers by developing and providing
shipping and other services which excel in terms of price, performance, quality and
safety, which services are supported by the requisite technological, environmental and
commercial expertise. Anticipating and responding to customers' needs is the driving
force behind CSL.
2.3 No employee or agent of CSL may give or receive money, any inappropriate gift or
excessive entertainment to or from a customer or a government employee that may be
construed as being intended as a bribe or which may result in either the appearance of
or an actual conflict of interest.
2.4 CSL shall maintain the confidentiality of all relevant customer information.
Employees
3.1 CSL endeavours at all times to treat every employee, regardless of level or
circumstance, with dignity and respect.
3.2 With respect to its employees, CSL will endeavour at all times to respect human
rights, to provide fair and competitive employment terms, to promote equal opportunity
employment, and to treat employees fairly and to comply with applicable laws and
regulations.
3.3 CSL will seek to provide a clean, healthy and safe work environment in line with
leading industry practices.
3.4 CSL employees have a duty to take every reasonable precaution to avoid injury to
themselves, their colleagues and members of the public.
3.5 CSL employees have a duty to avoid situations where their personal interests conflict
or might conflict with their duties to the Company.
3.6 CSL has an established policy with respect to sexual harassment and will not
tolerate any sexual harassment of its employees.
Those With Whom CSL Does Business
4.1 CSL is committed to seeking mutually beneficial relationships with contractors,
suppliers and in joint ventures and to promote the application of this Code in so doing.
The Wider Community
5.1 CSL undertakes to conduct business as a responsible corporate member of society
and to observe the laws of the countries in which it operates. It shall continue to be the
policy of CSL to observe high ethical standards in its business transactions in Canada
and in all countries where the Company does business.
5.2 All dealings between CSL employees and public officials will be conducted in a
manner that will not compromise the integrity or reputation of either the public officials or
CSL. All employees, in addition to observing laws applicable to them and the Company,
are expected to uphold the ethical standards of the Company even if those standards
are higher or more stringent than local standards.
The Environment
6.1 CSL is concerned with sustainable development and the conservation of the
environment. As a result, CSL will:
(a) in its shipping operations, continue to establish environmental policies which deal
with discharges into water from ships, the management of hazardous cargoes and other
waste, emissions into the air and noise emissions from ships. In its operations, CSL
strives to comply with or exceed all applicable environmental laws and regulations;
(b) assess in advance the environmental effects of any significant new development;
(c) review regularly the environmental performance of its operations;
(d) continue to follow the International Safety Management Code;
(e) require that all crews undergo regular internal and external audits to meet
International Safety Management Code requirements;
(f) require that all crews aboard CSL vessels adhere to a fleet-wide Safety Management
System that identifies environmental protection as one of its main goals;
(g) build effective environmental features into the design of its ships, including dustsuppression
equipment; and
(h) invest in cargo-handling technology to minimize dust and spills during cargo delivery.
Compliance
7.1 All CSL officers, directors and employees must strictly adhere to the provisions of
this Code.
7.2 All CSL officers, directors and employees have an obligation to report violations of
this Code to the President/Chief Executive Officer of CSL or to CSL's General Counsel.
All communications regarding violations will be kept confidential, unless otherwise
required by law, and may be made without concern of retribution.
7.3 CSL's President/Chief Executive Officer is responsible for initiating and supervising
the investigation of all reports of breaches of this Code and the results of such
investigations shall be reported to the Board of Directors of CSL.
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