Environmental, Social, and Governance (ESG) Policy

Introduction

At Classiq, we are committed to operating responsibly and sustainably. This Environmental, Social, and Governance (ESG) policy outlines our approach towards managing our environmental footprint, contributing to social well-being, and adhering to the highest standards of governance. At Classiq, we’re motivated to leave the world a better place than we found it and inspire others to do the same.

Environmental Policy

Objectives:

Reduce Carbon Footprint: We aim to minimize our carbon footprint by working with leading, energy-efficient data centers, encouraging staff use of public transport, and adopting cloud-based solutions wherever possible.

Responsible E-Waste Management: We commit to dispose of e-waste responsibly, either through recycling programs or partnering with certified e-waste management companies.

Social Policy

Objectives:

Employee Well-being: We're committed to fostering an inclusive work environment that values diversity, promotes personal and professional growth, and maintains health and safety standards. We work to promote diversity and inclusion in our workplace, every day.

Community Engagement: We contribute to the local community by participating in social initiatives and engaging with schools and academic institutions.

Customer Satisfaction: We will continue to provide high-quality, accessible, and reliable services to our customers. 

Measures:

We'll regularly survey and train our employees to ensure they understand their rights, support their health and safety, and seek out opportunities where inclusiveness is celebrated.

We’ll provide opportunities for employees to volunteer and give back to their communities.

We'll monitor customer satisfaction through surveys and other feedback mechanisms, taking prompt action where improvement is needed.

Governance Policy

Objectives:

Ethical Conduct: We aim to uphold the highest standards of integrity and transparency in all our operations. We aim to operate in a transparent and ethical manner. We will have a strong corporate governance and ethics structure in place. We will comply with all applicable laws and regulations. We will conduct our business in a way that respects human rights and labor rights.

Data Privacy and Security: As a SaaS company, we will safeguard our customer's data, ensuring their privacy and adhering to all relevant data protection laws. Please see our detailed privacy policy for additional details.

Risk Management: We will maintain a robust risk management framework to identify, assess, manage, and report potential risks.

Measures:

We'll maintain an ethics code and require all employees, board members, and suppliers to be trained and to comply.

We'll undergo regular third-party audits to ensure adherence to data privacy and security standards, such as achieving SOC 2 compliance.

Implementation and Review

This ESG policy will be reviewed intermittently to ensure its continued relevance. Each department is responsible for implementing these policies within their respective areas, and the Senior Management will oversee the overall adherence to the policy.

This policy reflects our commitment to contribute to a sustainable future and generate long-term value for all our stakeholders. We believe that these principles are essential to our success as a company. We are dedicated to upholding them in all of our operations. Through these commitments, we pledge to conduct our business in an environmentally responsible, socially equitable, and governance-focused manner.

2023