ESG | Environmental Social Governance

People Oriented

K.S. Terminal Inc. (KST) was founded on the belief that a “people-oriented” culture is essential for corporate growth and sustainable management. As a highly motivated company, we prioritize treating our employees and shareholders with the utmost integrity. KST is committed to fostering harmonious employer-employee relations by creating a work environment that promotes gender equality, non-discrimination, and a conflict-free atmosphere. In line with our dedication to employee well-being, we have implemented medical offices and AED stations to ensure their health and safety. Moreover, we actively engage in various social welfare and environmental initiatives, including charitable donations, support for low-income families and adoption, as well as participation in disaster emergency planning and preparedness exercises. As part of our ongoing commitment to environmental stewardship, KST consistently promotes green designs, enhances energy efficiency, and strives to minimize waste emissions.

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Giving Back to Society

KST firmly believes in fulfilling its social responsibility by actively contributing to society. We recognize the importance of investing in social services, participating in welfare initiatives, and supporting the disadvantaged. In line with our commitment, KST adheres to the GRI Standards (2021) for sustainability reporting, which encompasses four key aspects: sustainable management, environmental management, employee care, and product responsibility. By following these standards, we ensure transparent disclosure of our corporate social responsibility efforts. Through our annual Sustainability report, we aim to provide the public with a clear understanding of our commitment to corporate governance and corporate citizenship.

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Corporate Governance

Corporate governance emphasizes the criticality of establishing a comprehensive framework that steers the direction, control, and ethical conduct of KST. As a corporate entity, KST places utmost importance on transparency, accountability, and responsible decision-making to optimize shareholder value while considering the interests of other stakeholders.
By steadfastly adhering to the following principles of corporate governance, KST promotes responsible management, mitigates risks, builds trust with stakeholders, and ultimately enhances its overall performance and sustainability.

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  • A well-structured board of directors that represents shareholders’ interests and diligently oversees KST’s management. The board sets strategic objectives, ensures effective leadership, and evaluates performance.
  • Upholding the rights of KST shareholders by providing them with ample opportunities to participate in decision-making, access accurate information about KST’s activities and financial performance, and receive a fair return on their investments.
  • Operating with a strong commitment to ethical and responsible practices, adhering to legal requirements, and fostering integrity across all operations. The governance framework establishes and communicates a comprehensive code of conduct that guides the behavior of KST employees, executives, and directors.
  • Maintaining open and transparent communication channels with KST stakeholders, promptly and accurately providing information about its operations, financial health, and associated risks.
  • Ensuring the implementation of robust risk management practices to identify, assess, and mitigate potential risks. KST has established internal controls, implemented risk assessment processes, and proactively addressed conflicts of interest to safeguard both its own interests and those of its stakeholders.

Employee Care

KST is dedicated to supporting employee rights, welfare, and building a safe, healthy workplace with harmonious employer-employee relationships. Employee care at KST is centered around promoting the well-being and fair treatment of its employees. This is accomplished through various practices that include ensuring a safe work environment, fostering diversity and inclusion, providing equitable compensation and benefits, supporting work-life balance, facilitating employee development, encouraging engagement and communication, and ensuring workforce stability.

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By placing a high priority on employee care, KST aims to cultivate a positive work culture, boost employee satisfaction and productivity, attract top talent, and contribute to its long-term sustainable success. KST achieves these objectives by creating a safe and inclusive environment, offering competitive compensation, promoting work-life balance, providing growth opportunities, fostering communication and feedback, and ensuring stability during organizational changes.

Taking care of  employees is an integral part of responsible business practices for KST, as it reflects a commitment to the well-being and development of its valued stakeholders. This commitment aligns with the broader goals of KST by addressing the social dimension and promoting a positive impact on employees, communities, and society as a whole.

Green Products

KST has been actively researching and developing green products, including innovative electrical connectors while focusing on environmental protection and energy conservation. By combining our expertise in electrical connectivity with our commitment to sustainability, we strive to comply with tougher environmental protection regulations. Through our continuous efforts, we have successfully achieved annual decreases in energy consumption and pollution by implementing real-time monitoring and prevention processes in our energy management programs. This holistic approach, encompassing both electrical connectors and energy management practices, strengthens our ability to contribute to a greener future.

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Safe, Reliable, Quality

KST has always prioritized strict quality control as a fundamental principle. We highly value quality and customer satisfaction, which is why we implement rigorous quality inspection and processes throughout all stages of production, starting from the procurement of raw materials to the delivery of the final product. Our commitment to quality is reflected in our certifications, including ISO 9001, ISO 14001, ISO/IEC 17035, IATF 16949, and other internationally recognized ISO management certifications. Furthermore, all our product series have successfully obtained the necessary quality certifications and complied with the safety regulations of specific countries, such as UL, C-UL, CE, CSA, DNV, ABS, CQC, CNS, and others, to meet the exact specifications of our valued customers.

To ensure the highest standards, our KST Quality Assurance Laboratories have been ISO 17025 certified, and we have maintained UL-independent testing labs since 2003.

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Testing

Ethical and legal standards

KST is unwavering in its pursuit of the highest ethical and legal standards throughout its organization and supply chain. The company places utmost importance on corporate responsibility and remains dedicated to upholding principles rooted in human rights, labor practices, environmental stewardship, sustainability, and anti-corruption measures. The interdependent relationship between KST and its partners and suppliers plays a vital role in the company’s commitment to ethical and sustainable trade. In this regard, KST actively endeavors to extend these high standards to all suppliers and business partners. While meeting the minimum requirements is paramount, KST also collaborates closely with its suppliers to continuously enhance their performance in alignment with industry-leading practices. The term “suppliers and business partners” encompasses suppliers, distributors, resellers, and any other entities engaged in a business relationship with KST.

National & international laws

KST demonstrates an unwavering commitment to adhering to specified national and international laws and regulations, encompassing various areas such as human rights protection, health and safety, environmental preservation, data privacy, international trade compliance, and workplace safety. Additionally, KST remains steadfast in its dedication to combatting corruption, money laundering, terrorism, and anti-trust practices. By diligently complying with these regulations, KST ensures that its operations in the realm of electrical terminals & connectors are conducted with the utmost integrity and responsibility.

Anti-bribery & Corruption

KST has implemented robust measures to effectively mitigate the risks associated with bribery and corruption within its business operations and supply chains. This includes conducting regular training sessions for employees to promote awareness and prevent all types of corrupt practices.

Furthermore, KST strictly prohibits the acceptance or offering of improper gifts and hospitality that may influence or create an appearance of bias in business decision-making processes. The company firmly commits to refraining from engaging in any form of direct or indirect bribery or corruption, and this extends to any involvement through third parties.

In line with its commitment to integrity, KST does not make facilitation payments or provide illicit gifts to government officials, political parties, candidates for public office, or any other individuals. Moreover, the company ensures that it does not utilize third parties or business partners as a means to facilitate improper payments.

By adhering to these stringent guidelines, KST maintains a strong stance against bribery and corruption, safeguarding its reputation and promoting ethical conduct throughout its operations and supply chains.

Slavery & Child Labor

KST is committed to a zero-tolerance policy towards Modern Slavery, aligning with our core values and recognizing our dual responsibility as a business and as individuals to combat all manifestations of slavery.

As part of our dedication to promoting ethical practices, KST fully adheres to the International Labor Organization’s Forced Labor Convention and Abolition of Forced Labor Convention, ensuring that forced labor is strictly prohibited within our operations and supply chains.

Moreover, we are fully compliant with the International Labor Organization’s Minimum Age Convention, which guarantees that we do not employ individuals below the legally permissible age, fostering a safe and nurturing environment for all workers.

In addition to these measures, KST actively embraces Environmental, Social, and Governance (ESG) principles to enhance our overall sustainability performance. By integrating ESG considerations into our operations, we strive to minimize our environmental footprint, promote social well-being, and maintain sound governance practices.

Through our commitment to ESG principles and the eradication of modern slavery, KST aims to set a positive example within the industry and contribute to a more equitable and sustainable future.

Monopolies & Collusion

KST is committed to upholding the highest standards of corporate governance and sustainability through the integration of Environmental, Social, and Governance (ESG) practices. We strictly adhere to all applicable laws and regulations concerning competition protection and anti-trust activities, ensuring a level playing field for all market participants.

We prioritize transparent and fair market practices, supporting the principles of free price setting and refraining from any attempts to manipulate prices or engage in collusive behavior with competitors to divide markets. We firmly reject monopolistic practices, including setting exorbitant prices, restricting supply, or employing predatory tactics aimed at eliminating competition.

Furthermore, KST actively promotes healthy competition by abstaining from collusion with competitors to fix prices, allocate markets, rig bids, or engage in any other anti-competitive activities. We firmly believe that open and fair competition leads to innovation, consumer choice, and market efficiency.

In addition to our commitment to fair competition, KST remains steadfast in our dedication to ethical business conduct. We do not engage in unfair trade practices, such as deceptive advertising, false claims, unfair pricing, or any strategies that mislead or harm consumers. Our goal is to build trust and provide value to our customers while maintaining a sustainable and responsible business approach.

Moreover, as part of our sustainability initiatives, KST actively seeks to reduce our environmental impact. We embrace the use of electric connectors and other eco-friendly technologies, aiming to minimize our carbon footprint and contribute to a cleaner, greener future.

By combining our dedication to ESG practices, fair competition, and sustainable solutions like electric connectors, KST strives to be a responsible corporate citizen that positively contributes to society and the environment.

Dignity, Respect & Diversity

KST is committed to fostering a culture that:

  • Does not discriminate on the grounds of gender, gender identity, sexual orientation, ethnic or national status, race, color, religion, marital or civil partnership status, pregnancy, parental status, dependents, age, disability, social class, union membership, political views, or educational background.
  • Treats employees with respect and dignity.
  • Allows workers freedom of association and collective bargaining through the formation or membership of Works Councils and Trade Unions of their own choosing.
  • Ensures no worker is subjected to physical, sexual, psychological, or verbal harassment or abuse.
  • Provides time off in accordance with minimum regulatory requirements and laws and ensures all overtime is voluntary and paid at the legally mandated overtime or supplementary rate.
  • Provides a fair compensation package to include wages and benefits with paid leave and working hours with appropriate rest periods which meets or exceeds the legal minimum standard.

Environment, Health, Safety

KST is dedicated to ensuring a safe and healthy working environment for all employees by providing them with the necessary personal protective equipment, whenever required. In addition, KST implements comprehensive policies and procedures to effectively prevent accidents and injuries. The company places great emphasis on the training and education of its workforce, equipping them with the knowledge and skills needed to address health and safety concerns. Furthermore, KST actively takes measures to minimize any adverse impact its business and operations may have on the environment, demonstrating its commitment to environmental sustainability.

Non-Use of Conflict Minerals

Declaration

K.S. Terminals, Inc. is a globally conscious company that recognizes the paramount importance of upholding human rights. We are firmly committed to refraining from using minerals associated with conflicts or violating human rights. In line with this commitment, we hereby affirm the following provisions: We unequivocally assure our customers that all materials, components, and products containing gold (Au), tantalum (Ta), tungsten (W), cobalt (Co), and tin (Sn) that we have supplied and will supply in the future do not originate from countries embroiled in armed conflicts or engage in mining, extraction, or secondary distribution of minerals in a manner that violates human rights. These countries include, but are not limited to, the Democratic Republic of Congo (DRC), Rwanda, Uganda, Burundi, Tanzania, Kenya, Angola, the Central African Republic, the Republic of Sudan, and Zambia. Additionally, we pledge to maintain a Conflict Minerals-free supply chain to ensure adherence to these principles.

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