Ethical business conduct and compliance with applicable laws and regulations are fundamental aspects of Rosy Blue Group’s corporate culture. In 2007, our Group Associates decided to integrate CSR across our business operations into our company strategy.

In October 2007 the Global Corporate Affairs Department was established in Antwerp to manage compliance activities across the Rosy Blue Group.

A very clear message from the Group Associates was sent to all the group entities to inform them about the decision to put in place a CSR strategy and the importance to participate in this fundamental philosophy of CSR.

In December 2007, a global seminar was organized in Sri Lanka to launch the new compliance model. All the appointed local CSR-AML compliance officers were trained in the new corporate standards.

This corporate structure in Antwerp combined with local CSR-AML compliance officers in each entity was established to reinforce our commitment to accountability and integrity and to assure that resources are available for all CSR-AML compliance officers to raise concerns or seek guidance about compliance standards.

Local officers responsible for compliance in each entity have the authority to issue instructions concerning compliance to their respective entity. By cooperating with other local CSR-AML compliance officers throughout the group, they are working to establish and maintain a comprehensive global compliance structure.

Occasionally we may not meet the standards. These issues are reported to the Group Associates and Group Executive Management. The Global Corporate Affairs Department, together with the relevant CSR-AML compliance officers, manage corrective actions. A corrective plan is agreed upon and continuously followed up. Progress reports are sent to the Group Associates and Group Executive Management until there is a final agreement reached on the level of compliance that had to be applied. Random checks are done regularly and reports from such checks are filed accordingly.