ESG

What is ESG

ESG is used as a framework to assess how a company manages risks and opportunities that the changing market and non-market condition create.

ESG is about the ability to create and sustain long-term value in a rapidly changing world, and managing the risks & opportunities associated with these changes.

What are the ESG Factors:

    • Environmental Issues
        • Climate changes
        • Natural resource scarcity
        • Pollution and waste
    • Social Issues
        • Community engagement
        • Human capital management
        • Product safety
        • Human rights
        • Labor management
    • Governance Factors
        • Supply chain management
        • Business ethics
        • Transparency

What are the criteria for ESG?

Environmental

Environmental factors involve how much an organization considers the protection of natural resources. These factors include the environment, climate change, energy consumption and use and its overall impact. Examples of environmental factors include:

  • Air and water quality
  • Biodiversity
  • Deforestation
  • Energy performance
  • Carbon footprint, including greenhouse gas emissions
  • Natural resource depletion
  • Waste management and pollution

Social
Social factors address how an organization treats people, including these examples:

  • Community relations, including the organization’s connection and impact on the local communities in which it operates and serves
  • Customer satisfaction
  • Data protection and privacy policies and efforts
  • Efforts to fund projects or institutions that help poor and underserved communities globally
  • Employee diversity, equity and inclusion (DEI)
  • Employee engagement and relations
  • Health and safety
  • Human rights, including child labor and slavery
  • Labor standards

Governance
Governance examines how a corporation polices itself, focusing on internal system controls and practices to maintain compliance. Governance focuses on transparency, industry best practices, organization management and associated growth initiatives.
Examples of governance include:

  • Company leadership
  • Board composition, including diversity and structure
  • Corruption and bribery
  • Donations and political lobbying
  • Executive compensation and policies
  • Tax strategy, including audit committee structure, internal controls and regulatory policies
  • Whistleblower programs

Raltron and ESG

Environmental

  • Reduction of electricity usage by switching from fluorescent to LED lighting
  • Reduction of air pollution by eliminating toxic chemicals
  • Reduction of water pollution by switching to non-polluting chemicals

Social

  • Establishment of social responsibility policies
  • Health and safety protocols established
  • Human rights, including child labor and slavery policies implemented labor standards implemented

Governance

  • Company leadership management team in place

 

 

Social Responsibility

Code of Conduct & Ethics

Raltron is in support and a participant of the Responsible Business Alliance Code of Conduct and actively pursues conformance to the Code accordingly.
RESPONSIBLE BUSINESS ALLIANCE CODE OF CONDUCT
RBA Statement on Recent Report Related to Ethnic Minority Workers in China

 

Commitment to our People and Community

At Raltron, we take care of our employees, and we know it will show in the way they take care of our customers.

We are committed to manufacturing the most comprehensive frequency management products, and passionate about providing the highest levels of customer service. The Raltron environment is a culture defined by the way we think, work, and behave—treating coworkers, customers, vendors, and the community with honesty and respect.

At Raltron, we value our workforce, and are committed to maintaining a culture built on innovation, trust, respect, and care for all people.

We take great pride in our workforce and in their achievements, encourage their continued professional growth, and foster their ideas. We have tenured people who know our frequency control solutions, believe in our mission, and understand our vision.

As individuals and as corporate citizens, the people of Raltron also work to make a difference in our community. We firmly believe in doing the right thing and making a difference, starting locally, and frequently donate time and money to various charitable organizations.

 

Diversity and Inclusion

For our business to succeed, we need our people to succeed. At Raltron, we believe that creating a diverse and inclusive environment throughout our organization increases productivity and employee engagement. We aim to provide the best opportunities for our people and attract and retain top talent, to ultimately service our customers better. We excel at diversity and inclusion by:

  • Encouraging diversity and inclusion related conversations
  • Promoting workplace flexibility
  • Optimizing talent mobility to meet business needs as well as employee satisfaction
  • Boosting leadership behavior that encourages workplace diversity and inclusion