RATCH prepared the Human Rights Policy, having the UN Guiding Principles on Business and Human Rights (UNGPs) as the reference. Under the principles, private organizations are bound to establish a human rights policy to clearly show their commitment to respect human rights. The policy is also the first step to demonstrate respect for human rights as stated UNGPs’ Pillar 2 – Respect. The Company promulgated the Human Rights Policy in 2022. The Company has reviewed the policy every year as stated in the operational guidelines, to ensure all important issues or human rights risks and risk management are in alignment, complete and appropriate to the business context, and in compliance with universally-recognized human rights principles and standards. Taken into account are new risks/changes, especially in case of major events like business expansion/new project development, mergers, complaints, and regulatory changes domestically and globally which may cause impacts on stakeholder rights.

The Human Rights Policy is the Company’s commitment to uphold, support, and promote respect and protection of the fundamental rights and human dignity of all persons involved in the Company’s operations. The Company vows to honor and comply with international principles that support human rights and fair treatment of workers, in order to support internationally-recognized socially responsible business practices.

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