Penrite believes that Environmental, Social, and Governance (ESG) principles are important factors in developing long-term value for our customers, suppliers, stakeholders and team members. Our organisation’s commitment to sustainability and today’s environmental and societal challenges is of utmost importance. By engaging with our stakeholders – team members, suppliers, customers and service providers – we can contribute to improve sustainability, better serve our community, promote a healthy environment, and simultaneously deliver premium products and service levels for our Company.

We aim to promote a positive influence in matters that improve how we operate and strive to build sustainable, equitable, healthy and diverse communities. As an Australian-owned and operated organisation, we seek to abide by the targets and commitments we are adopting, and the governance in place to support our endeavours. Our investment in innovation and sustainable technologies continues to evolve and develop as we strive to meet our stakeholder expectations and regulatory requirements.

Penrite’s approach to ESG matters is facilitated by our investment in environmental and societal responsible manufacturing and is underpinned by these following guiding principles:

• Always acting in the best interests of our customers, team members, suppliers and industry associations.
• Integrating ESG considerations and risk management into our operational processes and practices.
• Promoting positive behaviours aligned to our Code of Conduct.
• Applying ESG considerations such as environmental impact, climate change, modern slavery to material arrangements, suppliers and investments.
• Respect for human rights through ongoing assessment, monitoring and mitigating of risks associated with modern slavery and forced labour in our operations and supply chain.
• Complying with the changing regulatory landscape.

• Environmentally sustainable solutions – waste reduction initiatives, pollution control processes, packaging recycling and repurposing programs, solar energy generation, water catchment programs, as well as responsible sourcing of raw materials and packaging.
• Our People and Culture – creating safe and inspiring workplaces where people feel valued, by offering competitive compensation and benefits, creating spirited work environments that reward innovation, collaboration and contribution and offer opportunities for development and growth. As an organisation, we embrace and value diversity in all its forms, free from discrimination and harassment. We champion pay equity and mutual respect, promoting an environment of fairness and equality.
• Governance – We view good governance as essential to preserving the values of our organisation. We have a highly skilled Board of Directors who act in accordance with our sound approach to corporate governance, complying with all applicable laws, rules, regulations and policies to exercise their responsibilities and serve in the interest of the Company. Our Directors and all team members conduct themselves in accordance with the highest ethical standards, our Code of Conduct and are committed to ensuring the preservation of basic human rights and human dignity within our workplace and beyond.