Our Approach to CSR

Organisational Structure and Responsibilities

The responsibilities are assigned at two main levels: Global Corporate Affairs Department and Local CSR-AML Compliance Officers.

Global Corporate Affairs Department

Compliance

  • Management of overall compliance activities across the Group
  • Development, implementation and maintenance of the Rosy Blue Group compliance policies and procedures according to all the relevant standards and principles:
    • Internal Rosy Blue CSR Model;
    • Best Practice Principles;
    • Responsible Jewellery Council;
    • United Nations Global Compact.
  • Oversight of compliance to required policies and regulatory obligations
  • On-going liaison and follow-up with local CSR-AML Officers and compliance teams to monitor progress and obtain input required for compliance reporting
  • Assist with all general compliance reporting required under the Rosy Blue Group’s policies
  • Coordination with external audit companies to manage the CSR audit processes
  • Participation in or management of general compliance projects that arise from the compliance oversight activities
  • Helpdesk for compliance questions
  • Review and processing of all completed compliance workbooks
  • Development and updating of training manuals.
  • Market & CSR knowledge
  • Industry information
  • Presentations
  • Briefings to key players
  • CSR reporting according to Rosy Blue Internal CSR model, UN Global Compact Principles, BPP, RJC ...
  • Reporting pre-audits and follow up
  • Report to the Group Associates

INTERNAL & EXTERNAL COMMUNICATION


Local CSR-AML Compliance Officers

  • Identification and maintenance of an inventory available to all staff of essential laws and regulations pertinent to the compliance standards of the Rosy Blue Group
  • Adjustment and implementation of the Rosy Blue Group corporate standard guidelines, policies and procedures to the local laws and regulations
  • Implementation of external standards such as BPP Principles, UN Global Compact Principles and RJC Code of Practices
  • Monitoring of compliance with internal policies, procedures and guidelines by performing regular and comprehensive compliance risk assessments and testing;
  • Regular reporting of results to the corporate compliance department and to the executive management
  • Communication and distribution of information to the staff, relevant to CSR compliance
  • Training of all staff according to the Rosy Blue Academy training standards and act as advisors on compliance queries from staff members
  • Preparation of pre-audit visits by CSR team or external CSR auditors
  • Following up on corrective actions
  • Communication of issues to Global Corporate Affairs Department and providing assistance in finding constructive solutions to improve our CSR model within the group
  • Continuous communication with global CSR team on general progress of implementation of the standards