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MAJ INVEST EQUITY SOUTHEAST ASIA II K/SCSR Report 2015
Maj Invest Equity Southeast Asia II K/S | Gammeltorv 18, 1457 København K | Tel. +45 33 38 73 00 | www.majinvest.com | CVR 36 44 49 83
2 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
TABLE OF CONTENTS
INTRODUCTION 4
The Fund’s approach to CSR 4
CSR Reporting and implementation 4
RESULTS 5
CONCLUSION 6
APPENDIX 1
Berrybenka 7
Action Plan 9
APPENDIX 2
International standards 25
APPENDIX 3
Responsible Investment Policy for Maj Invest Southeast Asia II K/S 26
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 3
The purpose of this report is to present the CSR status of the portfolio companies of Maj Invest Equity Southeast Asia
II K/S (SEA II or the Fund) during 2015. This is the first CSR Report of the Fund.
According to the Limited Partnership Agreement for Maj Invest Equity Southeast Asia II K/S, all investments must
be made in accordance with the Responsible Investment Policy of the Fund, see Appendix 3.
This policy is based on the internationally recognised principles of the UN Principles for Responsible Investment
(UN PRI) constituting the framework for the environmental, social and governance (ESG) requirements for the
Fund. Additionally, the Fund promotes the UN Global Compact principles with the addition of good corporate gov-
ernance and animal welfare.
THE FUND’S CSR APPROACH
The Fund’s CSR approach is based on the cooperation with joint owners of the Fund’s portfolio companies. As part
of the due diligence process prior to investing, the Fund assesses the CSR status of the company in target, and based
on the assessment a CSR Action Plan is developed in accordance with relevant local legislation and international
standards. Additionally, a CSR appendix is in most cases an integrated part of the shareholders’ agreement between
the Fund and the additional owners of the company.
The portfolio companies are required to complete the actions in accordance with the CSR Action Plan as decided
at the time of investment and during the investment period. The Fund’s representative on the company’s Board of
Directors monitors the efforts and results continuously. If necessary, the Fund may require that external special-
ists assist the company with the implementation of the CSR Action Plan.
The first priority is that the portfolio companies of SEA II are in compliance with all local legal and regulatory re-
quirements regarding CSR at any time. Further, the second priority is that the portfolio companies shall work to-
wards being in compliance with relevant international CSR standards, and that these international standards shall
be used as benchmarks.
CSR REPORTING AND IMPLEMENTATION
According to the Fund’s Responsible Investment Policy, an annual CSR Status Report shall be prepared by the di-
rectors of each portfolio company describing the current CSR status of the company. The 2015 CSR Report and Ac-
tion Plan is based on the CSR assessment carried out by the Sustainability Consultance PT. ERM Indonesia (ERM).
Introduction
4 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
ResultsThe Fund has invested in one company at year-end 2015, the Indonesian e-commerce company PT. Berrybenka (Ber-
rybenka or the company). It is the first time for Berrybenka to be assessed by a consultancy company on CSR, and
the e-commerce company has been very co-operative in its approach to the CSR assessment. The standards for the
assessment include a number of Indonesian regulations and the internationally recognised IFC Performance Stand-
ards (International Finance Corporation). The IFC Performance Standards are explained further in Appendix 2.
The audit carried out in September 2015 by ERM identified a number of key issues with a level of priority ranging
from low to high.
� 8 issues of low priority were identified during the assessment of which 2 were related to national legislation
and 6 to the IFC Performance Standards.
� 1 issue of medium priority was identified which was related to the IFC Performance Standards, and
� 10 issues of high priority were identified of which 4 were related to national legislation and 6 to the IFC Per-
formance Standards.
The areas in need of improvement are the management of environmental and social risks and impacts; resource
efficiency and pollution prevention as well as labour and working conditions. The issues with high priority con-
cern the establishment of an Environmental Management and Monitoring Programme, the formation of a Health
and Safety Committee, the handling of waste and the placement, the maintenance of fire extinguishers, an emer-
gency response plan, an update of the HR policy, the availability of a grievance mechanism and the identification
of potential hazards to workers and the provision of a first aid kit. All the identified issues are described in the Ac-
tion Plan Appendix 1, including a description of the assessment approach.
Due to the issues identified during the assessment, the overall CSR compliance of Berrybenka is medium.
A CSR overview of the Fund is shown in the table below:
Campany name Sector CSR focus areasLevel of overall
CSR compliance
PT. Berrybenka E-commerce
� Management of environmental and social risks
and impacts
� Resource efficiency and pollution prevention
� Labour and working conditions
Medium
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 5
CSR management and implementation is a moving target where companies on an ongoing basis have to revise
their policies and action plans in accordance with national and international standards. The Fund is committed
to working with the portfolio companies on a long-term basis to improve their CSR performance, but it is also im-
portant to acknowledge that immediate changes can be difficult to achieve in frontier markets where CSR is a rel-
atively new concept.
The table on the previous page shows a rating of the company on CSR issues based on the CSR audit. As the table in-
dicates Berrybenka is rated medium in terms of overall CSR compliance. As such, the CSR compliance of the port-
folio company of 2015 is considered satisfactory, but in 2016, Maj Invest will continue to work with the company to
implement relevant measures to improve their CSR policies and approach.
If you require any further information about the Fund’s CSR policy and implementation, please do not hesitate to
contact us.
Copenhagen, 16 March 2016
Kasper Svarrer Domingo Alonso Regitze Makwarth Olsen
Partner Partner Manager - Sustainability Manager
Maj Invest Holding A/S Maj Invest Vietnam Maj Invest Holding A/S
ksv@majinvest.com Management Consultancy LLC rmo@majinvest.com
Conclusion
6 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
COMPANY OVERVIEW
Berrybenka (the company) is a leading fashion e-commerce business based in Indonesia and was founded in 2012.
The company operates Berrybenka.com; an online shopping site renowned for fashion and beauty in Indonesia
with a concept similar to department stores. Berrybenka sells more than 1,000 local and international brands, in-
cluding the company’s in-house label.
To support its operation and production Berrybenka has a head office in Jakarta. The head office consists of ap-
proximately 180 employees and serves as a center for marketing, customer services and control of company opera-
tions. The head office occupies 3 floors located in Slipi Tower, West Jakarta, Indonesia. The company also utilises a
4,500m2 warehouse that employs approximately 120 workers responsible for quality assurance and control, pack-
aging and shipping. The warehouse is located in a complex in Serpong, Tangerang and is rented from a third party.
LEGAL FRAME AND INTERNATIONAL STANDARDS
The applicable standards for this assessment which have been adopted by ERM include:
Relevant Indonesian Legislation
� Indonesian Government Regulation No. 47 / 2012 on Corporate Environmental and Social Responsibility
� Republic of Indonesia Act No. 13/2003 on Labor
� Ministry of Environmental Regulation No. 13 Year 2010 regarding Environmental Management and Monito-
ring Program
� Republic of Indonesia Law No. 18 of 2008 on Waste Management
� Government Regulation No. 101 Year 2014 on Hazardous Waste Management
� Regulation of the Minister of Manpower and Transmigration No. PER.04 /MEN / 1980 on the Terms of Instal-
lation and Maintenance of Fire Extinguisher
� Ministry of Manpower Decree No. PER-04/MEN/1987 Regarding the Health and Safety Committee.
IFC Performance Standards 2012
No. Performance Standards Applicable Non-Applicable
1. PS 1: Assessment and Management of Environmen-
tal and Social Risks and Impacts
2. PS 2: Labor and Working Conditions
3. PS 3: Resource Efficiency and Pollution Prevention
4. PS 4: Community Health, Safety, and Security
5. PS 5: Land Acquisition and Involuntary Resettlement
6. PS 6: Biodiversity Conservation and Sustainable
Management of Living Natural Resources
7. PS 7: Indigenous Peoples
8. PS 8: Cultural Heritage
APPENDIX 1 Berrybenka
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 7
APPROACH
A high level desk based screening of available documentation on CSR (environmental, social and health & safety)
matters relating to the project was undertaken by ERM. This included reviewing Berrybenka’s company profile
and the 2015 – 2017 Human Resources Procedure which encompasses aspects of terms of employment, promotions
and career development, working hours, leave, grievance resolution, wages and bonus, health insurance and work-
ing dismissal.
Additionally, a one day site visit was conducted to the company head office and warehouse to undertake observa-
tions and interviews with key environment, safety and human resources personnel. Key personnel interviewed
during the site visit included:
� Putri C. Sari - Human Resource Manager. Responsible for handling all issues concerning workers and at the
present also in charge for public relations
� Lily Ismiyati – Operation Manager. Responsible for all operation and management of Berrybenka warehouse
� Workers in the warehouse
The assessment centred around four areas: assessment and management of environmental and social risks and
impacts; ressource efficiency and pollution prevention; labour and working conditions and corporate social re-
sponsibility.
ACTION PLAN
Based on the findings discovered during the assessment an Action Plan has been developed. The Action Plan in-
cluding a categorisation of urgency and a timeline is presented in the tables on the following pages.
8 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
Tab
le 1
: Ali
gnm
ent w
ith
th
e A
pp
lica
ble
Nat
ion
al R
egu
lati
ons
& R
ecom
men
dat
ion
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Ass
essm
ent a
nd
Ma
na
gem
ent o
f En
viro
nm
enta
l an
d S
ocia
l Ris
ks
an
d I
mp
act
s
Min
istr
y of
En
viro
n-
men
tal R
egu
lati
on N
o.
13 Y
ear
2010
reg
ard
ing
En
viro
nm
enta
l Man
-ag
emen
t an
d M
onit
or-
ing
Pro
gram
An
y bu
sin
ess
and
/or
acti
v-it
ies
that
do
not
hav
e si
g-n
ific
ant i
mp
acts
to t
he
en-
viro
nm
ent m
ust
hav
e an
E
nvi
ron
men
tal M
anag
e-m
ent a
nd
Mon
itor
ing
Pro
-gr
am.
Ber
rybe
nk
a is
un
awar
e of
an
y en
viro
nm
enta
l doc
um
ents
(s
uch
as
En
viro
nm
enta
l Man
-ag
emen
t an
d M
onit
orin
g P
ro-
gram
– U
KL
/UP
L)
that
th
e w
areh
ouse
or
the
own
er o
f th
e w
areh
ouse
com
plex
mig
ht
hav
e.
Ber
rybe
nk
a sh
all l
iais
e w
ith
th
e w
are-
hou
se c
ompl
ex m
anag
emen
t to
obta
in
envi
ron
men
tal d
ocu
men
ts a
nd
en
sure
th
at t
he
requ
irem
ents
sta
ted
in
th
e d
oc-
um
ents
are
met
by
the
war
ehou
se.
On
ce B
erry
ben
ka
has
obt
ain
ed p
erm
its
and
en
viro
nm
enta
l doc
um
ents
fro
m
the
war
ehou
se c
ompl
ex m
anag
emen
t,
Ber
rybe
nk
a sh
all c
ond
uct
man
agem
ent
pro
gram
s as
sta
ted
in
th
e p
erm
it a
nd
d
ocu
men
t.
Ber
rybe
nk
a sh
all a
lso
con
du
ct m
onit
or-
ing
and
mea
sure
men
t of t
he
man
age-
men
t pro
gram
s.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Min
istr
y of
Man
pow
er
Dec
ree
No.
PE
R-0
4/M
EN
/198
7 re
gard
ing
Hea
lth
an
d S
afet
y C
om-
mit
tee.
An
y w
ork
ing
com
pan
y or
pl
ace
wit
h 1
00 e
mpl
oyee
s or
mor
e m
ust
hav
e a
Hea
lth
an
d S
afet
y C
omm
itte
e.
Ber
rybe
nk
a em
ploy
s a
to-
tal o
f ap
pro
xim
atel
y 30
0 em
-pl
oyee
s (1
80 e
mpl
oyee
s in
th
e h
ead
off
ice
and
120
em
ploy
ees
in t
he
war
ehou
se).
How
ever
, B
erry
ben
ka
doe
s n
ot h
ave
a H
ealt
h a
nd
Saf
ety
Com
mit
tee
in p
lace
.
Ber
rybe
nk
a to
form
a H
ealt
h a
nd
Saf
ety
Com
mit
tee
both
in
th
e m
ain
off
ice
and
w
areh
ouse
. Th
e co
mm
itte
e is
a c
olla
bo-
rati
on b
etw
een
em
ploy
er a
nd
em
ploy
ee
to d
evel
op c
o-o
per
atio
n a
nd
eff
ecti
ve
par
tici
pat
ion
in
im
plem
enti
ng
hea
lth
an
d s
afet
y.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
AC
TIO
N P
LA
NMAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 9
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Res
ourc
e E
ffic
ien
cy a
nd
Pol
luti
on P
reve
nti
on
Rep
ubl
ic o
f In
don
esia
L
aw N
o 18
of 2
008
on
Was
te M
anag
emen
t
Eve
ryon
e w
ho
pro
du
ces
was
te s
hal
l red
uce
an
d h
an-
dle
was
te i
n a
way
th
at is
en
-vi
ron
men
tall
y so
un
d.
Was
te g
ener
ated
at B
erry
ben
-k
a’s
mai
n o
ffic
e an
d w
are-
hou
se is
gen
eral
ly d
omes
tic
non
-haz
ard
ous
was
te s
uch
as
food
pac
kag
ing,
food
scr
ap,
plas
tic,
an
d p
aper
.
Was
te g
ener
ated
at t
he
mai
n
offi
ce is
man
aged
an
d b
y th
e bu
ild
ing
man
agem
ent.
Wh
ile,
w
aste
gen
erat
ed a
t th
e w
are-
hou
se is
man
aged
by
a th
ird
p
arty
.
Ber
rybe
nk
a d
oes
not
seg
rega
te
thei
r w
aste
. Th
ere
is a
lso
no
reco
rd r
egar
din
g w
aste
gen
-er
atio
n. I
t was
als
o re
por
ted
th
at t
her
e ar
e so
me
haz
ard
ous
was
tes
such
as
use
d b
atte
r-ie
s an
d u
sed
lam
ps
dis
pos
ed
toge
ther
wit
h t
he
dom
esti
c w
aste
.
Th
ere
wer
e tw
o d
rum
s fo
un
d
outs
ide
the
war
ehou
se w
hic
h
con
tain
ed o
ld m
ater
ials
wh
ich
ar
e su
spec
ted
to b
e h
azar
d-
ous
was
te. T
he
site
cla
ims
that
th
ese
dru
ms
wer
e le
ft b
ehin
d
by t
he
pre
viou
s te
nan
t.
Ber
rybe
nk
a sh
all c
omp
ly w
ith
Law
No.
18
Yea
r 20
08 r
egar
din
g W
aste
Man
age-
men
t th
at s
tate
s th
at e
very
one
shal
l re-
du
ce a
nd
han
dle
was
te i
n a
way
th
at is
en
viro
nm
enta
lly
sou
nd
.
Ber
rybe
nk
a sh
all s
egre
gate
th
eir
was
te
in a
ccor
dan
ce w
ith
th
e ty
pes
of w
aste
ge
ner
ated
. Ber
rybe
nk
a sh
all a
lso
mai
n-
tain
rec
ord
s of
was
te g
ener
atio
n.
Ber
rybe
nk
a sh
all e
nsu
re t
he
dis
pos
al o
f h
azar
dou
s w
aste
(su
ch a
s u
sed
bat
teri
es
and
lam
ps)
is i
n a
ccor
dan
ce w
ith
Gov
-er
nm
ent R
egu
lati
on N
o. 1
01 Y
ear
2014
.
Ber
rybe
nk
a sh
all e
nsu
re t
hat
th
e tw
o d
rum
s le
ft b
y th
e p
revi
ous
ten
ant a
re
not
kep
t an
y lo
nge
r on
th
e si
te.
Ber
rybe
nk
a sh
all e
nga
ge a
th
ird
par
ty
to d
isp
ose
the
dru
ms
and
en
sure
th
at
the
thir
d p
arty
hol
ds
a va
lid
per
mit
to
man
age
haz
ard
ous
was
te.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Gov
ern
men
t Reg
ula
-ti
on N
o. 1
01 Y
ear
2014
on
Haz
ard
ous
Was
te
Man
agem
ent
Eve
ry b
usi
nes
s an
d/o
r ac
tiv-
itie
s th
at g
ener
ate
haz
ard
-ou
s w
aste
mu
st c
ond
uct
haz
-ar
dou
s w
aste
man
agem
ent.
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
10 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
La
bor
an
d W
ork
ing
Con
dit
ion
s
Act
Nu
mbe
r 13
of 2
003
on L
abor
an
d W
ork-
forc
e M
anag
emen
t.
Act
No.
13 o
f 200
3 is
th
e u
m-
brel
la la
w fo
r th
e la
bor
and
w
ork
forc
e re
quir
emen
ts i
n
Ind
ones
ia.
Key
poi
nts
an
d
requ
irem
ents
of t
his
Act
are
su
mm
ariz
ed a
s fo
llow
s: �
Com
pa
ny
shou
ld h
ave
a w
ritt
en w
ork
ing
agre
e-m
ent w
hic
h c
lear
ly s
tate
s th
e ri
ghts
an
d o
blig
atio
ns
of b
oth
pa
rtie
s to
avo
id
any
dis
pu
tes
du
rin
g th
e te
nu
re o
f em
ploy
men
t. �
Co
mp
an
y
sho
uld
n
ot
empl
oy c
hil
dre
n a
ged
less
th
an 1
8. �
Non
-Dis
crim
inat
ion
an
d
Equ
al O
pp
ortu
nit
y �
Fre
edom
fo
r w
ork
ers
to
form
a w
ork
ers’
org
an
i-za
tion
. �
Com
pan
y sh
ould
hav
e an
in
tern
al
gri
eva
nce
me-
chan
ism
for
its
wor
kers
.
Hu
man
res
ourc
es p
roce
du
re
for
the
year
of 2
015
– 20
17 h
as
been
est
abli
shed
to f
it w
ith
th
e si
ze a
nd
typ
e of
th
e co
m-
pan
y. T
he
pro
ced
ure
en
com
-p
asse
s as
pec
ts o
f ter
ms
of e
m-
ploy
men
t, p
rom
otio
ns
and
ca
reer
dev
elop
men
t, w
ork
ing
hou
rs, l
eave
, gri
evan
ce r
esol
u-
tion
, wag
es a
nd
bon
us,
hea
lth
in
sura
nce
an
d w
ork
ing
dis
-m
issa
l.
Th
e O
per
atio
n o
f PT
. Ber
rybe
nk
a is
in
co
mpl
ian
ce w
ith
Act
No.
13
of 2
003
on
Lab
or a
nd
Wor
kfo
rce
Man
agem
ent.
H
owev
er t
he
com
pan
y is
to e
nsu
re t
he
Hu
man
Res
ourc
es P
olic
ies
are
read
ily
and
eas
ily
acce
ssib
le to
all
wor
kers
.
Low
As
requ
ired
Min
iste
r of
Lab
or a
nd
T
ran
smig
rati
on R
egu
-la
tion
No.
04
of 1
980
re-
gard
ing
Req
uir
emen
ts
of I
nst
allm
ent a
nd
M
ain
ten
ance
of F
ire
Ex
tin
guis
her
.
Sign
age
is r
equ
ired
to b
e p
rovi
ded
abo
ve t
he
fire
ex-
tin
guis
her
s w
ith
hei
ght o
f 1.
25 m
fro
m t
he
floo
r. It
is
also
req
uir
ed t
hat
th
e d
is-
tan
ce b
etw
een
eac
h f
ire
ex-
tin
guis
her
sh
all n
ot e
xcee
d
15 m
. Fir
e ex
tin
guis
her
s
CO
2 fi
re e
xti
ngu
ish
ers
wer
e be
ing
use
d o
n b
oth
th
e m
ain
of
fice
an
d w
areh
ouse
. In
th
e m
ain
off
ice,
fir
e ex
tin
guis
her
s ar
e on
ly fo
un
d i
n t
he
hal
lway
. T
her
e ar
e n
o fi
re e
xti
ngu
ish
-er
s lo
cate
d i
nsi
de
the
offi
ce.
Ber
rybe
nk
a sh
all e
nsu
re c
ompl
ian
ce to
th
e M
inis
ter
of L
abor
an
d T
ran
smig
ra-
tion
Reg
ula
tion
No.
04
of 1
980
rega
rd-
ing
Req
uir
emen
ts o
f In
stal
men
t an
d
Mai
nte
nan
ce o
f Fir
e E
xti
ngu
ish
ers.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 11
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
con
tain
ing
CO
2 ca
n b
e pl
aced
wit
h a
dis
tan
ce b
e-tw
een
th
e ba
se o
f fir
e ex
-ti
ngu
ish
ers
not
less
th
an 1
5 cm
fro
m t
he
floo
r. M
ain
te-
nan
ce o
f fir
e ex
tin
guis
her
s m
ust
be
con
du
cted
tw
ice
a ye
ar.
Sign
age
abov
e th
e fi
re e
xti
n-
guis
her
s ar
e n
ot p
rovi
ded
. F
ire
exti
ngu
ish
ers
are
lo-
cate
d i
n s
ever
al p
lace
s in
th
e w
areh
ouse
. Som
e fi
re e
xti
n-
guis
her
s w
ere
fou
nd
to b
e in
-ac
cess
ible
bec
ause
th
ey w
ere
bloc
ked
by
oth
er o
bjec
ts s
uch
as
sh
elve
s. S
ome
fire
ex
tin
-gu
ish
ers
wer
e al
so fo
un
d w
ith
n
o si
gnag
e ab
ove
them
.
Fir
e ex
tin
guis
her
s in
th
e m
ain
of
fice
an
d w
areh
ouse
are
m
oun
ted
too
hig
h o
n t
he
wal
l.
Th
ere
is a
lso
no
evid
ence
of
mai
nte
nan
ce.
Cor
por
ate
Soc
ial R
esp
onsi
bil
ity
Ind
ones
ian
Gov
ern
-m
ent R
egu
lati
on N
o. 4
7 /
2012
on
Cor
por
ate
En
-vi
ron
men
tal a
nd
Soc
ial
Res
pon
sibi
lity
Th
e re
gula
tion
on
Cor
po
-ra
te S
ocia
l Res
pon
sibi
l-it
y re
quir
es a
ll c
omp
anie
s to
en
gage
in
th
e n
atu
ral r
e-so
urc
es b
usi
nes
s to
con
du
ct
corp
orat
e so
cial
an
d e
nvi
-ro
nm
enta
l res
pon
sibi
lity
(C
SR)
acti
viti
es.
Con
sid
erin
g th
e sc
ale,
siz
e an
d n
atu
re o
f th
e co
mp
any,
th
ere
was
no
ind
icat
ion
of
com
mu
nit
ies
affe
cted
by
the
oper
atio
n o
f Ber
rybe
nk
a bo
th
in t
he
hea
d o
ffic
e an
d t
he
war
ehou
se.
Th
eref
ore
at p
re-
sen
t Ber
rybe
nk
a d
oes
not
hav
e a
soci
al i
nve
stm
ent p
rogr
am
or c
ond
uct
an
y C
SR a
ctiv
itie
s.
All
soc
ial a
ctiv
itie
s ar
e re
-la
ted
to it
s in
tern
al e
mpl
oyee
s in
th
e fo
rm o
f reg
ula
r ou
tin
gs
and
team
bu
ild
ing.
Th
e co
mp
any
has
com
plie
d w
ith
th
e re
-qu
irem
ent o
f In
don
esia
n R
egu
lati
on
No.
47 /
201
2 on
CSR
. H
owev
er, d
epen
d-
ing
on t
he
com
pan
y’s
abil
ity
and
ava
il-
abil
ity
of r
esou
rces
, CSR
act
ivit
ies
can
be
con
du
cted
to t
arge
ted
com
mu
nit
ies
such
as
sch
ool c
hil
dre
n, u
niv
ersi
ty s
tu-
den
ts, s
pec
ific
loca
l com
mu
nit
ies
or to
it
s co
re c
ust
omer
s.
Low
As
requ
ired
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
12 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
Tab
le 2
: Ali
gnm
ent w
ith
th
e A
pp
lica
ble
IFC
Per
form
ance
Sta
nd
ard
s &
Rec
omm
end
atio
n
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Per
form
an
ce S
tan
da
rd 1
: Ass
essm
ent a
nd
Ma
na
gem
ent o
f En
viro
nm
enta
l an
d S
ocia
l Ris
ks
an
d I
mp
act
s
Par
a 6
on P
olic
yT
he
com
pan
y h
as a
n E
&S
pol
icy
wh
ich
at a
min
imu
m
stat
es:
�
Com
plia
nce
wit
h a
ppli
ca-
ble
law
s an
d r
egu
lati
ons;
�
Per
son
nel
to
ensu
re c
on-
form
ance
wit
h th
e p
olic
y;
and
�
En
do
rsem
ent
by
sen
ior
man
agem
ent.
Ber
rybe
nk
a d
oes
not
hav
e an
E
&S
pol
icy
suit
able
to t
he
na-
ture
an
d s
ize
of t
he
com
pan
y.
Con
sid
erin
g th
e sc
ale,
siz
e an
d n
atu
re o
f th
e co
mp
any,
th
ere
wer
e n
o in
dic
atio
n o
f co
mm
un
itie
s af
fect
ed b
y th
e op
erat
ion
of B
erry
ben
ka
both
in
th
e h
ead
off
ice
and
th
e w
areh
ouse
. O
bser
vati
on
fou
nd
th
ere
wer
e n
o co
mm
u-
nit
ies
livi
ng
adja
cen
t to
the
war
ehou
se a
s th
e lo
cati
on is
in
a c
ompl
ex d
evot
ed fo
r w
are-
hou
se a
ctiv
itie
s fr
om v
ario
us
com
pan
y.
Ber
rybe
nk
a sh
all d
evel
op a
n E
&S
pol
-ic
y th
at s
pec
ifie
s th
at t
he
com
pan
y w
ill
com
ply
wit
h a
ppl
icab
le E
&S
un
der
IF
C
PS
1. T
he
pol
icy
shou
ld a
lso
ind
icat
e p
erso
nn
el w
ith
in t
he
com
pan
y’s
orga
n-
izat
ion
to e
nsu
re c
onfo
rman
ce to
th
e p
olic
y. B
erry
ben
ka
mu
st c
omm
un
icat
e th
e p
olic
y to
all
leve
ls o
f its
org
aniz
a-ti
on.
Low
Wit
hin
th
e n
ext 3
m
onth
s
Par
a 7
– 12
on
Iden
tifi
-ca
tion
of R
isk
s an
d I
m-
pac
ts
Th
e co
mp
any
shou
ld h
ave
a w
ritt
en p
roce
ss o
r p
ro-
ced
ure
ou
tlin
ing
how
th
ey
wil
l ass
ess
the
envi
ron
-m
enta
l an
d s
ocia
l ris
ks
and
im
pac
ts i
n P
S1-8
, as
appl
i-ca
ble,
an
d i
n a
ccor
dan
ce
wit
h n
atio
nal
law
.
Ber
rybe
nk
a d
oes
not
hav
e a
wri
tten
pro
cess
or
pro
ced
ure
to
ass
ess
thei
r en
viro
nm
enta
l an
d s
ocia
l ris
ks
and
im
pac
ts.
(ris
ks
and
im
pac
t in
tern
al
wor
ker
and
com
pan
y as
sets
)
Ber
rybe
nk
a sh
all e
stab
lish
an
d m
ain
-ta
in a
pro
cess
or
pro
ced
ure
to id
enti
fy
and
ass
ess
thei
r en
viro
nm
enta
l an
d s
o-
cial
ris
ks
and
im
pac
ts.
Low
Wit
hin
th
e n
ext 3
m
onth
s
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 13
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Per
form
an
ce S
tan
da
rd 1
: Ass
essm
ent a
nd
Ma
na
gem
ent o
f En
viro
nm
enta
l an
d S
ocia
l Ris
ks
an
d I
mp
act
s
Par
as 1
3 –
16 o
n M
an-
agem
ent
Pro
gram
sT
he
com
pan
y m
ay h
ave
som
e ro
uti
ne
on-g
oin
g E
&S
requ
irem
ents
(e.g
. mea
s-u
re p
aram
eter
s in
wat
er
outf
all o
nce
/mon
th, e
tc.)
and
on
e-of
f or
non
-rou
-ti
ne
requ
irem
ents
(e.g
. in
-st
all d
ust
col
lect
ion
sys
tem
) or
igin
atin
g fr
om p
erm
its,
le
gal a
rran
gem
ents
, pu
b-
lic
com
mit
men
ts, o
r m
iti-
gati
on m
easu
res.
Th
e m
an-
agem
ent p
rogr
am(s
) is
th
e w
ritt
en s
yste
m t
hat
en
sure
s th
at a
ll o
f th
ese
requ
ire-
men
ts a
re c
onsi
sten
tly
com
-pl
eted
on
tim
e.
Ber
rybe
nk
a d
oes
not
hav
e an
y E
&S
requ
irem
ents
ori
gin
atin
g fr
om p
erm
its
(su
ch a
s E
nvi
-ro
nm
enta
l Per
mit
) or
en
viro
n-
men
tal d
ocu
men
ts (s
uch
as
En
viro
nm
enta
l Man
agem
ent
and
Mon
itor
ing
Pro
gram
–
UK
L/U
PL
req
uir
ed u
nd
er n
a-ti
onal
legi
slat
ion
Min
istr
y of
E
nvi
ron
men
tal R
egu
lati
on N
o.
13 Y
ear
2010
reg
ard
ing
En
vi-
ron
men
tal M
anag
emen
t an
d
Mon
itor
ing
Pro
gram
du
e to
th
e si
te’s
un
awar
enes
s of
su
ch
requ
irem
ents
.T
his
is r
equ
ired
by
the
na-
tion
al r
egu
lati
on a
s st
ated
in
T
able
1 a
bove
.
Ber
rybe
nk
a sh
all o
btai
n t
he
rele
van
t p
erm
its
and
en
viro
nm
enta
l doc
um
ents
fr
om t
he
war
ehou
se c
ompl
ex m
anag
e-m
ent.
Th
en t
he
site
sh
all c
ond
uct
man
-ag
emen
t pro
gram
s as
sta
ted
in
th
e p
er-
mit
an
d d
ocu
men
t.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Par
as 1
7-19
on
Org
an-
izat
ion
al C
apac
ity
and
C
omp
eten
cy
Th
e co
mp
any
shou
ld d
efin
e an
d c
omm
un
icat
e re
spon
-si
bili
ties
an
d a
uth
orit
ies
for
the
impl
emen
tati
on o
f th
e E
SM
S. T
he
com
pan
y al
so
requ
ires
a w
ritt
en jo
b d
e-sc
rip
tion
for
E&
S re
spon
si-
bili
ties
an
d o
rgan
izat
ion
al
char
t in
clu
din
g E
&S
staf
f.
Ber
rybe
nk
a d
oes
not
hav
e w
ritt
en jo
b d
escr
ipti
ons
for
E&
S re
spon
sibi
liti
es o
r an
or-
gan
izat
ion
al c
har
t in
clu
din
g E
&S
staf
f.
Aft
er d
evel
opin
g th
e E
SM
S, B
erry
ben
ka
mu
st d
efin
e an
d c
omm
un
icat
e re
spon
-si
bili
ties
an
d a
uth
orit
ies
for
its
impl
e-m
enta
tion
.
Low
Wit
hin
th
e n
ext 3
m
onth
s
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
14 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Ass
essm
ent a
nd
Ma
na
gem
ent o
f En
viro
nm
enta
l an
d S
ocia
l Ris
ks
an
d I
mp
act
s
Par
as 2
0 –
21 o
n E
mer
-ge
ncy
Pre
par
edn
ess
and
Res
pon
se
Wh
ere
the
pro
ject
in
volv
es
spec
ific
ally
iden
tifi
ed p
hys
-ic
al e
lem
ents
, asp
ects
an
d
faci
liti
es t
hat
are
like
ly to
ge
ner
ate
imp
acts
, th
e E
SM
S w
ill e
stab
lish
an
d m
ain
-ta
in a
n e
mer
gen
cy p
rep
ar-
edn
ess
and
res
pon
se s
ys-
tem
so
that
th
e cl
ien
t wil
l be
pre
par
ed to
res
pon
d to
ac
cid
enta
l an
d e
mer
gen
cy
situ
atio
n.
Bas
ed o
n o
bser
vati
ons
both
at
th
e h
ead
off
ice
and
war
e-h
ouse
, th
e bi
gges
t haz
ard
to
the
asse
ts o
f th
e co
mp
any
is
the
even
t of a
fir
e. A
t th
e p
re-
sen
t bot
h t
he
hea
d o
ffic
e an
d
war
ehou
se h
ave
not
est
ab-
lish
ed a
n e
mer
gen
cy p
rep
ar-
edn
ess
and
res
pon
se s
yste
m.
Bot
h lo
cati
ons
hav
e n
ot e
stab
-li
shed
fir
e es
cap
e ro
ute
s.
Ber
rybe
nk
a to
dev
elop
an
Em
erge
ncy
P
rep
ared
nes
s an
d R
esp
onse
Pla
n. B
er-
rybe
nk
a sh
all e
nsu
re t
hat
th
ere
are
re-
sou
rces
to i
mpl
emen
t th
e pl
an. T
he
plan
mu
st a
lso
be r
evie
wed
, up
dat
ed,
and
sta
ff t
rain
ed p
erio
dic
ally
.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Par
as 2
2 –
24 o
n M
oni-
tori
ng
and
Rev
iew
Th
e co
mp
any
shou
ld h
ave
wri
tten
pro
ced
ure
s on
h
ow t
hey
wil
l mon
itor
an
d
mea
sure
th
e m
anag
emen
t p
rogr
am to
kn
ow if
it is
w
ork
ing
and
als
o to
in
form
S
enio
r M
anag
emen
t.
Ber
rybe
nk
a d
oes
not
hav
e w
ritt
en p
roce
du
res
on h
ow
to m
onit
or a
nd
mea
sure
th
e m
anag
emen
t pro
gram
as
re-
quir
ed b
y th
e E
nvi
ron
men
tal
Man
agem
ent a
nd
Mon
itor
ing
Pro
gram
(U
KL
/UP
L).
Ber
rybe
nk
a sh
all o
btai
n t
he
UK
L/U
PL
d
ocu
men
t fro
m t
he
war
ehou
se c
ompl
ex
man
agem
ent.
Th
en t
he
site
sh
all m
on-
itor
an
d m
easu
re t
he
man
agem
ent p
ro-
gram
s as
sta
ted
in
th
e p
erm
it a
nd
doc
-u
men
t.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Par
as 2
5 –
36 S
take
-h
old
er E
nga
gem
ent
Stak
ehol
der
en
gage
men
t is
th
e ba
sis
for
buil
din
g st
ron
g re
lati
onsh
ips
that
ar
e es
sen
tial
for
the
suc-
cess
ful m
anag
emen
t of a
p
roje
ct’s
en
viro
nm
ent a
nd
so
cial
im
pac
ts.
Th
is m
ay
incl
ud
e st
akeh
old
er a
nal
-ys
is a
nd
pla
nn
ing,
dis
clo
-su
re a
nd
dis
sem
inat
ion
of
info
rmat
ion
, con
sult
atio
n
and
par
tici
pat
ion
, gri
ev-
ance
Con
sid
erin
g th
e sc
ale,
siz
e an
d n
atu
re o
f th
e co
mp
any,
th
ere
was
no
ind
icat
ion
of
com
mu
nit
ies
affe
cted
by
the
oper
atio
n o
f Ber
rybe
nk
a bo
th
in t
he
hea
d o
ffic
e an
d t
he
war
ehou
se.
Bas
ed o
n i
nte
rvie
ws
wit
h t
he
HR
man
ager
, to
dat
e B
erry
-be
nk
a d
oes
not
hav
e so
cial
in
-ve
stm
ent p
rogr
am
Dep
end
ing
on t
he
com
pan
y’s
abil
ity
and
ava
ilab
ilit
y of
res
ourc
es, C
SR a
c-ti
viti
es c
an b
e co
nd
uct
ed to
tar
gete
d
com
mu
nit
ies
such
as
sch
ool c
hil
dre
n,
un
iver
sity
stu
den
ts, s
pec
ific
loca
l com
-m
un
itie
s or
to it
s co
re c
ust
omer
s.
Low
As
requ
ired
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 15
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
mec
han
ism
s a
nd
on
goin
g re
por
tin
g to
Aff
ecte
d C
om-
mu
nit
ies.
Th
e n
atu
re, f
re-
quen
cy a
nd
leve
l of e
ffor
t w
ill b
e co
mm
ensu
rate
wit
h
the
pro
ject
’s r
isk
and
ad
-ve
rse
imp
acts
.
or c
ond
uct
CSR
act
ivit
ies.
All
soc
ial a
ctiv
itie
s co
nd
uct
ed
by B
erry
ben
ka
are
rela
ted
to
its
inte
rnal
em
ploy
ees
in t
he
form
of r
egu
lar
outi
ngs
an
d
team
bu
ild
ings
.
Per
form
ance
Sta
nd
ard
2: L
abor
an
d W
ork
ing
Con
dit
ion
s
Par
as 8
– 9
on
Hu
man
R
esou
rces
Pol
icie
s an
d
Pro
ced
ure
s
Th
e cl
ien
t/co
mp
any
wil
l ad
opt a
nd
im
plem
ent a
hu
-m
an r
esou
rces
pol
icy
ap-
pro
pri
ate
to it
s si
ze a
nd
w
ork
forc
e th
at s
ets
out i
ts
app
roac
h to
man
agin
g em
-pl
oyee
s co
nsi
sten
t wit
h t
he
requ
irem
ents
of t
his
Per
-fo
rman
ce S
tan
dar
d a
nd
na-
tion
al la
w.
Hu
man
res
ourc
es p
roce
du
re
for
the
year
of 2
015
– 20
17 h
as
been
est
abli
shed
to f
it w
ith
th
e si
ze a
nd
typ
e of
th
e co
m-
pan
y. T
he
pro
ced
ure
en
com
-p
asse
s as
pec
ts o
f ter
ms
of e
m-
ploy
men
t, p
rom
otio
ns
and
ca
reer
dev
elop
men
t, w
ork
ing
hou
rs, l
eave
, gri
evan
ce r
esol
u-
tion
, wag
es a
nd
bon
us,
hea
lth
in
sura
nce
an
d w
ork
ing
dis
-m
issa
l.
Eve
n t
hou
gh t
her
e ar
e n
o si
gnif
ican
t is-
sues
in
term
s of
wor
kin
g co
nd
itio
ns,
th
ere
are
a n
um
ber
of r
equ
irem
ents
un
-d
er t
he
nat
ion
al L
aw /
Nu
mbe
r 13
of
2003
on
Lab
or a
nd
Wor
kfo
rce
Man
age-
men
t w
hic
h a
re n
ot s
pec
ific
ally
men
-ti
oned
an
d t
her
efor
e n
eed
to b
e es
tab
-li
shed
wit
hin
th
e p
roce
du
re, n
amel
y:
�
Non
-Dis
crim
inat
ion
; an
d �
Fre
edom
for
wor
kers
to
form
a w
ork-
ers’
org
aniz
atio
n t
o fi
t th
e si
ze a
nd
sc
ale
of t
he
com
pan
y.
Th
e C
omp
any
to e
nsu
re t
he
Hu
man
Re-
sou
rces
Pol
icie
s ar
e re
adil
y an
d e
asil
y ac
cess
ible
to a
ll w
orke
rs.
Hig
hT
o b
e co
m-
men
ced
im
-m
edia
tely
Par
as 1
0 -1
2 on
Wor
k-in
g C
ond
itio
ns
and
T
erm
s of
Em
ploy
men
t.
Wh
ere
the
clie
nt i
s p
arty
to
a c
olle
ctiv
e ba
rgai
nin
g ag
reem
ent w
ith
a w
orke
r’s
orga
nis
atio
n, s
uch
agr
ee-
men
t wil
l be
resp
ecte
d.
Ber
rybe
nk
a im
plem
ent f
air
and
tra
nsp
aren
t em
ploy
ee r
e-cr
uit
men
t th
rou
gh a
ser
ies
of
test
s an
d i
nte
rvie
ws.
Em
ploy
-m
ent o
pp
ortu
nit
ies
No
sign
ific
ant i
ssu
es n
oted
, ass
um
ing
nat
ion
al la
w a
nd
in
tern
atio
nal
pra
c-ti
ces
is fo
llow
ed
--
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
16 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Wh
ere
such
agr
eem
ents
do
not
ex
ist,
or
do
not
ad
dre
ss
wor
kin
g co
nd
itio
ns
and
te
rms
of e
mpl
oym
ent,
th
e cl
ien
t wil
l pro
vid
e re
spon
-si
ble
wor
kin
g co
nd
itio
ns
and
term
s of
em
ploy
men
t.
are
also
op
enly
in
form
ed
thro
ugh
var
iou
s so
cial
med
ia
such
as
jobs
db.
com
It is
un
der
stoo
d t
hat
up
to J
un
e 20
15 a
ll e
mpl
oyee
s of
Ber
ry-
ben
ka
wer
e p
erm
anen
t wor
k-er
s. A
ll w
orke
rs a
re p
rovi
ded
w
ith
a w
ritt
en a
nd
agr
eed
co
ntr
act d
ocu
men
t bet
wee
n
wor
ker
and
th
e co
mp
any.
Be-
yon
d J
un
e 20
15, B
erry
ben
ka
wil
l hir
e se
mi-
per
man
ent /
co
ntr
act w
orke
rs w
ith
a m
in-
imu
m c
ontr
act t
ime
of 6
m
onth
s bu
t th
is is
lim
ited
to
cust
omer
ser
vice
per
son
nel
.
All
wor
kers
are
pro
vid
ed w
ith
h
ealt
h i
nsu
ran
ce, a
t lea
st t
he
min
imu
m s
alar
y /
wag
es a
nd
d
ays
of le
ave
in c
ompl
ian
ce
wit
h I
nd
ones
ia la
w a
nd
reg
u-
lati
ons.
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 17
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Par
as 1
3 &
14
on W
ork-
ers’
Org
aniz
atio
ns
In c
oun
trie
s w
her
e n
atio
nal
la
w r
ecog
nis
es w
orke
rs’
righ
ts to
form
an
d to
join
w
orke
rs’ o
rgan
isat
ion
s of
th
eir
choo
sin
g w
ith
out i
n-
terf
eren
ce a
nd
to b
arga
in
coll
ecti
vely
, th
e cl
ien
t wil
l co
mpl
y w
ith
nat
ion
al la
w.
Wor
kers
are
op
en to
ex
pre
ss
thei
r as
pir
atio
ns,
con
cern
s,
idea
s or
su
gges
tion
s d
irec
tly
to t
he
man
agem
ent.
Con
sid
erin
g th
e n
atu
re a
nd
sc
ale
of t
he
com
pan
y, a
t th
e p
rese
nt t
ime
the
wor
kers
do
not
hav
e th
e n
eed
to e
stab
lish
a
wor
kers
’ org
aniz
atio
n e
ven
th
ough
bas
ed o
n t
he
nu
mbe
r of
em
ploy
ees
and
un
der
th
e n
atio
nal
law
th
ey a
re e
ligi
ble
and
hav
e th
e ri
ght t
o fo
rm o
ne.
Th
e C
omp
any
to c
onti
nu
e to
pro
vid
e th
e fr
eed
om fo
r em
ploy
ees
to fo
rm a
w
orke
rs’ o
rgan
izat
ion
eve
n t
hou
gh a
t th
e cu
rren
t sta
ge t
he
wor
kers
are
not
co
nsi
der
ing
to fo
rm a
ny
wor
kers
’ or-
gan
izat
ion
.
Low
Lif
etim
e of
th
e co
mp
any
Par
as 1
5 –
17 o
n N
on-
Dis
crim
inat
ion
an
dE
qual
Op
por
tun
ity
Th
e cl
ien
t wil
l not
mak
e em
ploy
men
t dec
isio
ns
on
the
basi
s of
per
son
al c
har
-ac
teri
stic
s u
nre
late
d to
in
-h
eren
t job
req
uir
emen
ts.
Th
e cl
ien
t wil
l bas
e th
e em
-pl
oym
ent r
elat
ion
ship
on
th
e p
rin
cipl
e of
equ
al o
p-
por
tun
ity
and
fair
tre
at-
men
t, a
nd
wil
l not
dis
-cr
imin
ate
wit
h r
esp
ect t
o as
pec
ts o
f th
e em
ploy
men
t re
lati
onsh
ip, i
ncl
ud
ing
re-
cru
itm
ent a
nd
hir
ing,
com
-p
ensa
tion
(in
clu
din
g w
ages
an
d b
enef
its)
, wor
kin
g co
n-
dit
ion
s an
d te
rms
of e
m-
ploy
men
t, a
cces
s to
tra
in-
ing,
pro
mot
ion
, ter
min
atio
n
of e
mpl
oym
ent o
r re
tire
-m
ent,
an
d d
isci
plin
e.
No
ind
icat
ion
of d
iscr
imi-
nat
ion
or
an u
neq
ual
op
por
-tu
nit
y ob
serv
ed w
ith
in t
his
co
mp
any
rega
rdin
g ge
nd
er,
wor
ker
recr
uit
men
t, c
aree
r d
evel
opm
ent,
wor
kin
g ov
er-
tim
e or
ben
efit
s p
rovi
ded
.
Com
pan
y to
con
tin
ue
to e
nsu
re a
ll
wor
kers
are
in
form
ed o
n w
orke
r ri
ghts
to
in
clu
de
non
-dis
crim
inat
ion
, equ
al
opp
ortu
nit
y, c
aree
r d
evel
opm
ent a
nd
w
ork
ing
ben
efit
s.
Low
As
requ
ired
an
d a
t th
e ti
me
a n
ew
empl
oyee
jo
ins
the
com
pan
y.
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
18 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Par
as 1
3 &
14
on W
ork-
ers’
Org
aniz
atio
ns
In c
oun
trie
s w
her
e n
atio
nal
la
w r
ecog
nis
es w
orke
rs’
righ
ts to
form
an
d to
join
w
orke
rs’ o
rgan
isat
ion
s of
th
eir
choo
sin
g w
ith
out i
n-
terf
eren
ce a
nd
to b
arga
in
coll
ecti
vely
, th
e cl
ien
t wil
l co
mpl
y w
ith
nat
ion
al la
w.
Wor
kers
are
op
en to
ex
pre
ss
thei
r as
pir
atio
ns,
con
cern
s,
idea
s or
su
gges
tion
s d
irec
tly
to t
he
man
agem
ent.
Con
sid
erin
g th
e n
atu
re a
nd
sc
ale
of t
he
com
pan
y, a
t th
e p
rese
nt t
ime
the
wor
kers
do
not
hav
e th
e n
eed
to e
stab
lish
a
wor
kers
’ org
aniz
atio
n e
ven
th
ough
bas
ed o
n t
he
nu
mbe
r of
em
ploy
ees
and
un
der
th
e n
atio
nal
law
th
ey a
re e
ligi
ble
and
hav
e th
e ri
ght t
o fo
rm o
ne.
Th
e C
omp
any
to c
onti
nu
e to
pro
vid
e th
e fr
eed
om fo
r em
ploy
ees
to fo
rm a
w
orke
rs’ o
rgan
izat
ion
eve
n t
hou
gh a
t th
e cu
rren
t sta
ge t
he
wor
kers
are
not
co
nsi
der
ing
to fo
rm a
ny
wor
kers
’ or-
gan
izat
ion
.
Low
Lif
etim
e of
th
e co
mp
any
Par
as 1
5 –
17 o
n N
on-
Dis
crim
inat
ion
an
dE
qual
Op
por
tun
ity
Th
e cl
ien
t wil
l not
mak
e em
ploy
men
t dec
isio
ns
on
the
basi
s of
per
son
al c
har
-ac
teri
stic
s u
nre
late
d to
in
-h
eren
t job
req
uir
emen
ts.
Th
e cl
ien
t wil
l bas
e th
e em
-pl
oym
ent r
elat
ion
ship
on
th
e p
rin
cipl
e of
equ
al o
p-
por
tun
ity
and
fair
tre
at-
men
t, a
nd
wil
l not
dis
-cr
imin
ate
wit
h r
esp
ect t
o as
pec
ts o
f th
e em
ploy
men
t re
lati
onsh
ip, i
ncl
ud
ing
re-
cru
itm
ent a
nd
hir
ing,
com
-p
ensa
tion
(in
clu
din
g w
ages
an
d b
enef
its)
, wor
kin
g co
n-
dit
ion
s an
d te
rms
of e
m-
ploy
men
t, a
cces
s to
tra
in-
ing,
pro
mot
ion
, ter
min
atio
n
of e
mpl
oym
ent o
r re
tire
-m
ent,
an
d d
isci
plin
e.
No
ind
icat
ion
of d
iscr
imi-
nat
ion
or
an u
neq
ual
op
por
-tu
nit
y ob
serv
ed w
ith
in t
his
co
mp
any
rega
rdin
g ge
nd
er,
wor
ker
recr
uit
men
t, c
aree
r d
evel
opm
ent,
wor
kin
g ov
er-
tim
e or
ben
efit
s p
rovi
ded
.
Com
pan
y to
con
tin
ue
to e
nsu
re a
ll
wor
kers
are
in
form
ed o
n w
orke
r ri
ghts
to
in
clu
de
non
-dis
crim
inat
ion
, equ
al
opp
ortu
nit
y, c
aree
r d
evel
opm
ent a
nd
w
ork
ing
ben
efit
s.
Low
As
requ
ired
an
d a
t th
e ti
me
a n
ew
empl
oyee
jo
ins
the
com
pan
y.
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Par
as 1
8 –
19 o
n R
e-tr
ench
men
tP
rior
to i
mpl
emen
tin
g an
y co
llec
tive
dis
mis
sals
th
e cl
ien
t wil
l car
ry o
ut a
n
anal
ysis
of a
lter
nat
ives
to
retr
ench
men
t. A
ret
ren
ch-
men
t pla
n w
ill b
e d
evel
-op
ed a
nd
im
plem
ente
d to
re
du
ce t
he
adve
rse
imp
acts
of
ret
ren
chm
ent o
n w
ork-
ers.
It is
un
der
stoo
d t
hat
th
e co
m-
pan
y d
oes
not
im
plem
ent c
ol-
lect
ive
dis
mis
sals
of w
orke
r.
No
sign
ific
ant i
ssu
es n
oted
, ass
um
ing
nat
ion
al la
w a
nd
in
tern
atio
nal
pra
c-ti
ces
is fo
llow
ed.
--
Par
a 20
on
Gri
evan
ce
Mec
han
ism
Th
e cl
ien
t wil
l pro
vid
e a
grie
van
ce m
ech
anis
m fo
r w
orke
rs (a
nd
th
eir
orga
ni-
sati
ons,
wh
ere
they
ex
ist)
to
rais
e w
orkp
lace
con
cern
s.
Th
e cl
ien
t wil
l in
form
th
e w
orke
rs o
f th
e gr
ieva
nce
m
ech
anis
m a
t th
e ti
me
of
recr
uit
men
t an
d m
ake
it
easi
ly a
cces
sibl
e to
th
em.
A g
riev
ance
res
olu
tion
pro
-ce
du
re h
as b
een
est
abli
shed
w
ith
in t
he
Hu
man
Res
ourc
es
Pol
icie
s /
Pro
ced
ure
, alt
hou
gh
ther
e w
as n
o ev
iden
ce o
f pas
t gr
ieva
nce
s ra
ised
by
the
wor
k-er
s.
Bas
ed o
n i
nte
rvie
ws
wit
h
wor
kers
an
d H
R d
epar
tmen
ts
all w
orke
rs h
ave
an o
pen
an
d
easy
acc
ess
to t
he
man
age-
men
t to
rais
e gr
ieva
nce
s or
co
nce
rns
in fo
rmal
an
d n
on-
form
al c
han
nel
s. H
owev
er
not
all
wor
kers
are
aw
are
of
the
grie
van
ce r
esol
uti
on p
ro-
ced
ure
est
abli
shed
wit
hin
th
e h
um
an r
esou
rces
pol
icie
s /
pro
ced
ure
.
Com
pan
y to
en
sure
th
e gr
ieva
nce
pro
-ce
du
re is
dis
clos
ed to
all
wor
kers
an
d
easi
ly a
cces
sibl
e.
Com
pan
y to
doc
um
ent /
log
any
futu
re
grie
van
ces
may
ari
se f
rom
th
e w
orke
rs.
Med
ium
To
be c
om-
men
ced
im
-m
edia
tely
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 19
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Par
a 20
on
Pro
tect
ing
the
wor
kfo
rce;
Ch
ild
L
abor
Th
e cl
ien
t wil
l not
em
ploy
ch
ild
ren
in
a m
ann
er t
hat
is
eco
nom
ical
ly e
xpl
oita
-ti
ve, o
r is
like
ly to
be
haz
-ar
dou
s or
to i
nte
rfer
e w
ith
th
e ch
ild
’s e
du
cati
on, o
r to
be
har
mfu
l to
the
chil
d’s
h
ealt
h o
r p
hys
ical
, men
tal,
sp
irit
ual
, mor
al, o
r so
cial
d
evel
opm
ent.
No
ind
icat
ion
of c
hil
d la
bor
obse
rved
at a
ny
leve
l of t
he
wor
kfo
rce
wit
hin
th
e co
m-
pan
y.
No
sign
ific
ant i
ssu
es n
oted
, ass
um
ing
nat
ion
al L
aw /
Act
Nu
mbe
r 13
of 2
003
on L
abor
an
d W
ork
forc
e M
anag
emen
t.
and
in
tern
atio
nal
pra
ctic
es I
FC
PS
2 on
L
abor
an
d W
ork
ing
Con
dit
ion
s is
fol-
low
ed.
--
Par
a 22
on
For
ced
La-
bor
Th
e cl
ien
t wil
l not
em
ploy
fo
rced
labo
ur,
wh
ich
con
-si
sts
of a
ny
wor
k or
ser
vice
n
ot v
olu
nta
rily
per
form
ed
that
is e
xact
ed f
rom
an
in
-d
ivid
ual
un
der
th
reat
of
forc
e or
pen
alty
.
No
ind
icat
ion
of f
orce
d la
bor
obse
rved
at a
ny
leve
l of t
he
wor
kfo
rce
wit
hin
th
e co
m-
pan
y.
No
sign
ific
ant i
ssu
es n
oted
, ass
um
ing
nat
ion
al L
aw /
Act
Nu
mbe
r 13
of 2
003
on L
abor
an
d W
ork
forc
e M
anag
emen
t an
d i
nte
rnat
ion
al p
ract
ices
IF
C P
S 2
on
Lab
or a
nd
Wor
kin
g C
ond
itio
ns
is fo
l-lo
wed
.
--
Par
a 23
on
Occ
up
a-ti
onal
Hea
lth
& S
afet
yT
he
clie
nt w
ill p
rovi
de
a sa
fe a
nd
hea
lth
y w
ork
en-
viro
nm
ent,
tak
ing
into
ac-
cou
nt i
nh
eren
t ris
k in
its
par
ticu
lar
sect
or a
nd
sp
e-ci
fic
haz
ard
s in
th
e cl
ien
t’s
wor
k ar
eas.
Ber
rybe
nk
a h
as n
ot t
aken
st
eps
to id
enti
fy p
oten
tial
haz
-ar
ds
to w
orke
rs a
nd
pre
ven
t ac
cid
ents
, in
jury
, an
d d
is-
ease
. Ber
rybe
nk
a al
so h
as n
ot
pro
vid
ed a
ny
occu
pat
ion
al
hea
lth
an
d s
afet
y tr
ain
ing
to
its
wor
kers
. Th
ere
is n
o d
oc-
um
enta
tion
on
occ
up
atio
nal
ac
cid
ents
, dis
ease
s, a
nd
in
ci-
den
ts.
Mor
eove
r, t
her
e is
no
emer
-ge
ncy
res
pon
se p
lan
in
bot
h
the
mai
n o
ffic
e an
d w
are-
hou
se, n
or e
vacu
atio
n r
oute
.
Ber
rybe
nk
a to
iden
tify
pot
enti
al h
az-
ard
s to
wor
kers
an
d p
reve
nt a
ccid
ents
, in
jury
, an
d d
isea
se.
Ber
rybe
nk
a to
dev
elop
an
em
erge
ncy
re
spon
se p
lan
, th
en i
mpl
emen
t it i
n t
he
dai
ly a
ctiv
itie
s bo
th i
n t
he
mai
n o
ffic
e an
d w
areh
ouse
.
Ber
rybe
nk
a to
pro
vid
e fi
rst a
id k
its
as a
m
ean
s of
qu
ick
reli
ef fo
r h
and
lin
g w
ork
rela
ted
min
or a
ccid
ents
bot
h a
t hea
d-
quar
ters
an
d i
n t
he
war
ehou
se.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
20 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
It is
rep
orte
d t
hat
th
e bu
ild
ing
man
agem
ent w
her
e th
e m
ain
of
fice
is lo
cate
d h
as n
ever
con
-d
uct
ed a
ny
fire
dri
lls
nor
pro
-vi
ded
an
y in
form
atio
n r
egar
d-
ing
emer
gen
cy r
esp
onse
pla
n.
Th
ere
is a
lso
no
iden
tifi
ed
mu
ster
poi
nt.
Wat
er s
pri
nk
lers
an
d s
mok
e d
etec
tors
wer
e ob
serv
ed a
ll
over
th
e m
ain
off
ice
area
s.
How
ever
, th
ere
is n
o ev
iden
ce
of m
ain
ten
ance
.
Bot
h t
he
hea
d o
ffic
e an
d w
are-
hou
se w
ere
not
equ
ipp
ed w
ith
m
inim
um
fir
st a
id m
edic
atio
n
for
emer
gen
cy u
se /
pu
rpos
es.
Par
a 24
– 2
6 on
Wor
k-er
s E
nga
ged
by
Th
ird
P
arti
es
Wit
h r
esp
ect t
o co
ntr
acte
d
wor
kers
th
e cl
ien
t wil
l tak
e co
mm
erci
ally
rea
son
able
ef
fort
s to
asc
erta
in t
hat
th
e th
ird
par
ties
wh
o en
gage
th
ese
wor
kers
are
rep
uta
ble
and
legi
tim
ate
ente
rpri
ses
and
hav
e ap
pro
pri
ate
man
-ag
emen
t sys
tem
s to
op
erat
e in
a m
ann
er c
onsi
sten
t wit
h
the
requ
irem
ents
of t
his
P
erfo
rman
ce S
tan
dar
d (e
x-ce
pt f
or 1
8-19
an
d 2
7-29
).
Ber
rybe
nk
a u
ses
thir
d p
ar-
ties
to s
up
ply
its
secu
rity
sta
ff
in t
he
war
ehou
se a
rea,
bas
ed
on o
bser
vati
on a
nd
in
terv
iew
s th
ere
was
no
ind
icat
ion
of v
io-
lati
ons
to t
he
requ
irem
ents
of
PS2
Per
form
ance
Sta
nd
ard
.
No
spec
ific
rec
omm
end
atio
ns.
--
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 21
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Par
a 27
– 2
9 on
Su
ppl
y C
hai
nW
ith
res
pec
t to
con
trac
ted
w
orke
rs t
he
clie
nt w
ill t
ake
com
mer
cial
ly r
easo
nab
le
effo
rts
to a
scer
tain
th
at t
he
thir
d p
arti
es w
ho
enga
ge
thes
e w
orke
rs a
re r
epu
tabl
e an
d le
giti
mat
e en
terp
rise
s an
d h
ave
app
rop
riat
e m
an-
agem
ent s
yste
ms
to o
per
ate
in a
man
ner
con
sist
ent w
ith
th
e re
quir
emen
ts o
f th
is
Per
form
ance
Sta
nd
ard
(ex-
cep
t for
18-
19 a
nd
27-
29).
Not
ap
plic
able
.-
--
Per
form
ance
Sta
nd
ard
3: R
esou
rce
Eff
icie
ncy
an
d P
ollu
tion
Pre
ven
tion
Par
as 4
-5 G
ener
al -
EH
S G
LN
ot a
ppl
icab
le
Par
as 6
on
Res
ourc
e E
f-fi
cien
cyN
ot a
ppl
icab
le
Par
as 7
-8 o
n G
reen
H
ouse
Gas
ses
Not
ap
plic
able
Par
a 9
on W
ater
Con
-su
mp
tion
Wh
en t
he
pro
ject
is a
pot
en-
tial
ly s
ign
ific
ant c
onsu
mer
of
wat
er, i
n a
dd
itio
n to
ap
-pl
yin
g th
e re
sou
rce
effi
-ci
ency
req
uir
emen
ts o
f th
is
Per
form
ance
Sta
nd
ard
, th
e cl
ien
t sh
all a
dop
t mea
sure
s th
at a
void
or
red
uce
wat
er
usa
ge s
o th
at t
he
pro
ject
’s
wat
er c
onsu
mp
tion
doe
s n
ot h
ave
sign
ific
ant a
dve
rse
imp
acts
up
on o
ther
s.
Wat
er is
use
d o
nly
for
toil
et
pu
rpos
es b
oth
in
th
e h
ead
of-
fice
an
d w
areh
ouse
.T
her
e w
ere
no
ind
icat
ion
s of
th
e u
se o
f lar
ge v
olu
mes
of
wat
er fo
r th
e co
mp
any
op-
erat
ion
al a
ctiv
itie
s (p
rod
-u
ct r
ecep
tion
, pac
kag
ing
and
sh
ipp
ing)
.
No
spec
ific
rec
omm
end
atio
n-
-
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
22 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Par
as 1
0-1
1 on
Pol
lu-
tion
Pre
ven
tion
Par
a 12
on
Was
teT
he
com
pan
y sh
ould
ap
ply
an a
nal
ysis
an
d h
iera
rch
i-ca
l ap
pro
ach
of a
void
ance
, re
du
ctio
n, r
ecov
ery,
reu
se,
and
en
viro
nm
enta
lly
sou
nd
d
isp
osal
to t
he
man
age-
men
t of h
azar
dou
s an
d n
on-
haz
ard
ous
was
tes.
Was
te g
ener
ated
at B
erry
ben
-k
a’s
mai
n o
ffic
e an
d w
are-
hou
se is
gen
eral
ly d
omes
tic
non
-haz
ard
ous
was
te s
uch
as
food
pac
kag
ing,
food
scr
ap,
plas
tic,
an
d p
aper
.
Was
te g
ener
ated
at t
he
mai
n
offi
ce is
man
aged
an
d b
y th
e bu
ild
ing
man
agem
ent.
Wh
ile,
w
aste
gen
erat
ed a
t th
e w
are-
hou
se is
man
aged
by
a th
ird
p
arty
.
Ber
rybe
nk
a d
oes
not
seg
rega
te
thei
r w
aste
. Th
ere
is a
lso
no
reco
rd r
egar
din
g w
aste
gen
-er
atio
n. I
t was
als
o re
por
ted
th
at t
her
e ar
e so
me
haz
ard
-ou
s w
aste
su
ch a
s u
sed
bat
ter-
ies
and
use
d la
mp
s d
isp
osed
to
geth
er w
ith
th
e d
omes
tic
was
te.
Th
ere
wer
e tw
o d
rum
s fo
un
d
outs
ide
the
war
ehou
se w
hic
h
con
tain
ed o
ld m
ater
ials
wh
ich
ar
e su
spec
ted
to b
e h
azar
d-
ous
was
te. T
he
site
cla
ims
that
th
ese
dru
ms
wer
e le
ft b
ehin
d
by t
he
pre
viou
s te
nan
t.
Ber
rybe
nk
a sh
all s
egre
gate
th
eir
was
te
in a
ccor
dan
ce w
ith
th
e ty
pes
of w
aste
ge
ner
ated
. Ber
rybe
nk
a sh
all a
lso
mai
n-
tain
rec
ord
s of
was
te g
ener
atio
n.
Ber
rybe
nk
a sh
all e
nsu
re t
he
dis
pos
al
of h
azar
dou
s w
aste
(su
ch a
s u
sed
bat
-te
ries
an
d la
mp
s) is
in
acc
ord
ance
wit
h
Gov
ern
men
t Reg
ula
tion
No.
101
Yea
r 20
14 r
egar
din
g H
azar
dou
s W
aste
Man
-ag
emen
t.
Ber
rybe
nk
a sh
all e
nsu
re t
hat
th
e tw
o d
rum
s le
ft b
y th
e p
revi
ous
ten
ant a
re
not
kep
t an
y lo
nge
r on
th
e si
te.
Ber
rybe
nk
a sh
all e
nga
ge a
th
ird
par
ty
to d
isp
ose
the
dru
ms
and
en
sure
th
at
the
thir
d p
arty
hol
ds
a va
lid
per
mit
to
man
age
haz
ard
ous
was
te.
Hig
hT
o be
com
-m
ence
d i
m-
med
iate
ly
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 23
Sco
pe/
Ref
eren
ceR
equ
irem
ent S
um
mar
yF
ind
ings
Su
mm
ary
Rec
omm
end
atio
n/A
ctio
n P
lan
Lev
el o
f pri
orit
yT
imel
ine
Par
a 13
on
Haz
ard
ous
Mat
eria
ls M
anag
emen
tT
he
clie
nt w
ill a
void
or,
w
hen
avo
idan
ce is
not
pos
-si
ble,
min
imis
e an
d c
ontr
ol
the
rele
ase
of h
azar
dou
s m
ater
ials
. Th
e p
rod
uct
ion
, tr
ansp
orta
tion
, han
dli
ng,
st
orag
e an
d u
se fo
r p
ro-
ject
act
ivit
ies
shou
ld b
e as
-se
ssed
.
Bas
ed o
n o
bser
vati
on to
th
e h
ead
off
ice
and
war
ehou
se,
ther
e w
ere
no
ind
icat
ion
s of
th
e u
se o
f haz
ard
ous
mat
eria
ls
for
the
oper
atio
n o
f th
e co
m-
pan
y.
--
Par
a 14
– 1
7 P
esti
cid
e U
se a
nd
Man
agem
ent.
Not
ap
plic
able
Per
form
ance
Sta
nd
ard
4: C
omm
un
ity
Hea
lth
, Saf
ety
and
Sec
uri
ty
Not
ap
plic
able
Per
form
ance
Sta
nd
ard
5: L
and
Acq
uis
itio
n a
nd
In
volu
nta
ry R
eset
tlem
ent
Not
ap
plic
able
Per
form
ance
Sta
nd
ard
6: B
iod
iver
sity
Con
serv
atio
n a
nd
Su
stai
nab
le M
anag
emen
t of L
ivin
g N
atu
ral R
esou
rces
Not
ap
plic
able
Per
form
ance
Sta
nd
ard
7: I
nd
igen
ous
Peo
ple
Not
ap
plic
able
Per
form
ance
Sta
nd
ard
8: C
ult
ura
l Her
itag
e
Not
ap
plic
able
Sou
rce:
En
vir
onm
enta
l Res
ourc
es M
anag
emen
tC
SR
Ass
essm
ent I
nd
ones
ia -
ES
DD
24 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
APPENDIX 2International CSR Standards1. IFC PERFORMANCE STANDARDS
www.ifc.org
The IFC Performance Standards articulates IFC’s strategic commitment to sustainable development. The Perfor-
mance Standards are originally directed towards IFC’s clients, providing guidance on how to identify risks and
impacts as a way of doing business in a sustainable way. The Performance Standards may be and are widely used
by other (financial) institutions as a reference to managing environmental and social risks and impacts to enhance
development opportunities. The eigh Performance Standards are:
Performance Standard 1: Assessment and Management of Environmental and Social Risks and Impacts
Performance Standard 2: Labor and Working Conditions
Performance Standard 3: Resource Efficiency and Pollution Prevention
Performance Standard 4: Community Health, Safety, and Security
Performance Standard 5: Land Acquisition and Involuntary Resettlement
Performance Standard 6: Biodiversity Conservation and Sustainable Management of Living Natural Resources
Performance Standard 7: Indigenous Peoples
Performance Standard 8: Cultural Heritage
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 25
Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.
Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.
Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.
Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.
Principle 5: We will work together to enhance our effectiveness in implementing the Principles.
Principle 6: We will each report on our activities and progress towards implementing the Principles.
2. Commitment to responsible investment
The Fund is committed to work with portfolio companies to reduce ESG risks and contribute to sustainable devel-
opment, adding value to the portfolio companies and enhancing business opportunities. The Fund will support the
portfolio companies to continuously work towards achieving long term results within ESG factors, and the Fund
will encourage such activities to be anchored in the business plan.
The Fund promotes the UN Global Compact2 principles, with the addition of good corporate governance and ani-
mal welfare:
� Supporting and respecting the protection of internationally proclaimed human rights.
� Upholding the freedom of association and the effective recognition of the right to collective bargaining; the
elimination of all forms of forced and compulsory labour; the effective abolition of child labour; and the elimi-
nation of discrimination in respect of employment and occupation.
1. Scope
The Responsible Investment Policy is the framework for the environmental, social and governance (ESG) require-
ments for Maj Invest Equity Southeast Asia II (the Fund) managed by Maj Invest Equity (the Manager). The Fund
incorporates ESG criteria into the investment decision-making and ownership practices that directly influence
portfolio companies to enhance performance in these areas.
The Fund’s definition of responsible investment is aligned with that of UNPRI:
“Responsible investment is an approach to investment that explicitly acknowledges the relevance to the investor of
environmental, social and governance factors, and of the long-term health and stability of the market as a whole. It
recognises that the gen-eration of long-term sustainable returns is dependent on stable, well-functioning and well-
governed social, environmental and economic systems.” 1
The base of the work with responsible investment is the UN principles for responsible investment:
APPENDIX 3Responsible Investment Policy
26 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
1 www.unpri.org2 www.unglobalcompact.org
� Supporting a precautionary approach to environmental challenges; undertaking initiatives to promote gre-
ater environmental responsibility; and encouraging the development and diffusion of environmentally fri-
endly technologies.
� Securing good corporate governance, including anti-corruption, anti-fraud and transparency.
� Ensuring good animal welfare, including proper treatment of animals used in food production, for other com-
mercial purposes or for testing.
Exclusion list
The Fund will not invest in companies engaged in activities set out in IFC’s exclusion list and EDFI’s/IFU’s exclu-
sion list3.
3. Approach to working with ESG
The Fund requires portfolio companies to comply with national regulations and leg-islation in the country in which
they operate, and work towards implementing relevant international standards. The Fund will only invest in com-
panies if potential ESG risks are, or will be addressed in an appropriate way.
The international standards are based on UN, OECD, IFC and ILO conventions, declarations, agreements and prin-
ciples. Standards could include the IFC Performance Standards, the IFC EHS Guidelines or other credible, globally
or regionally recognised standards that encourage continual improvements. For portfolio companies in sectors for
which IFC EHS guidelines exist, these guidelines are the appropriate benchmark.
Risks, impacts and mitigation measures related to each investment are assessed, consid-ering factors such as the
sector, technology, location, host country regulations, climatic conditions and cultural issues. This process iden-
tifies the significant issues that are rele-vant for the portfolio companies, and an assessment is made of the extent
to which in-ternational standards shall be implemented.
An Action Plan with a reasonable time schedule to meet these standards and comply with the Fund’s responsible in-
vestment requirements is elaborated, as appropriate for each portfolio company. The Action Plan must be approved
by the Manager, and an integral part of the Action Plan is an annual Responsible Investment Status Report that shall
be submitted to the Manager, providing a clear status on ESG compliance. Such report must also include a notifi-
cation of the occurrence of any social, labour, health and safety, se-curity or environmental accident or circum-
stances and measures being taken to address them. Serious incidents must be reported to the Manager immediately.
The Fund monitors each portfolio company’s ESG activities through Board participa-tion, visits, annual reports
and dialogue, with reference to the agreed Action Plan and the Fund’s responsible investment principles adopted
from the UN Global Compact. If a portfolio company is in serious breach, the Manager will engage in dialog with
management and other shareholders and strongly encourage compliance. As a last resort the Fund can consider to
divest from the portfolio company.
4. Responsible Investment requirements for portfolio companies
To implement the Fund’s Responsible Investment Policy, the Fund requires portfolio companies to:
� Operate in compliance with relevant national regulations and legislation, and if this is not the case by the time
of the Fund’s investment, the company must commit to an Action Plan with mitigation measures.
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 27
3 www.ifc.org, or www.ifu.dk
� Work towards compliance with international standards for significant issues iden-tified during due diligence,
� Adopt a written responsible investment policy based on the Fund’s responsible investment principles adopted
from the UN Global Compact, and the Fund will strive to include this in the shareholders agreement.
� Appoint a person with overall responsibility for responsible investment, including the management of activi-
ties and resources and delegation of tasks with reference to the Action Plan
� Prepare an annual Responsible Investment Status Report that provides a status on sustainability issues, inclu-
ding the implementation of the action plan, for discus-sion and approval by their board of directors or similar
governance body. This report can be elaborated by a third party. A copy of the report must be sent to the Manager.
5. Management System
The Manager has assigned a senior manager as responsible for the formulation and implementation of the Fund’s
Responsible Investment Policy. Relevant staff of the Manager will contribute to this effort. In most cases, and for
medium and high risk portfolio companies, suitably qualified ESG experts will contribute to the due diligence
and development of an Action Plan, together with the monitoring and formulation of an annual Responsible In-
vestment Status Report.
6. Information and reporting to the Limited Partners
If an incident occurs in one of the Fund’s portfolio companies with serious breach of the Fund’s ESG requirements,
the Manager will inform the Limited Partners about the nature of the breach and planned mitigation measures.
Upon request from the Limited Partners, the Manager will make ESG information available to Limited Partners
and arrange that the Limited Partners can make a visit to overview the ESG initiatives the portfolio companies.
The Limited Partners will visit the portfolio company together with the Manager, and visits shall be scheduled in
accordance with the portfolio company.
28 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 29
30 MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S • CSR REPORT 2015 31
MAJ INVEST EQUITY SOUTHEAST ASIA II K/S Gammeltorv 18DK-1457 Copenhagen KTel. +45 33 38 73 00www.majinvest.com