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98

CORPORATE SOCIAL RESPONSIBILITY

6

LISI 2017 FINANCIAL REPORT

1

I

LISI MEMBER OF THE UN GLOBAL COMPACT PROGRAM

1.1

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DESCRIPTION OF THE PROGRAM

The Global Compact is a United Nations initiative launched in 2000

aimed at encouraging businesses worldwide to adopt a socially

responsible attitude by committing to uphold and promote a number

of principles relating to Human Rights, international labor standards,

and anti-corruption. Although it ismainly aimed at the corporateworld,

the Global Compact also encourages participation by civil society,

labor groups, governments, UN agencies, universities and any other

organization.

The signature of the Global Compact is a voluntary initiative by the

company. Member companies undertake to improve every year in each

of the four areas of the Global Compact and are required to submit an

annual report called Communication on Progress (COP) explaining the

progress made.

1.2

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LISI’S UNDERTAKING TO UPHOLD

THE TEN PRINCIPLES

LISI has formalized its long-standing commitment to sustainable

development by joining the Global Compact, and by upholding its ten

principles.

1.2.1

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Human Rights

LISI has undertaken to:

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support and respect the protection of internationally proclaimed

Human Rights;

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make sure that it is not accomplice of human right violations.

1.2.2

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International labor standards

LISI has undertaken to:

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uphold the freedom of association and the effective recognition of

the right to collective bargaining;

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contribute to the elimination of all forms of forced and compulsory

labor;

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contribute to the effective abolition of child labor;

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contribute to the elimination of discrimination in respect of

employment and occupation.

1.2.3

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Environment

LISI has undertaken to:

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support a precautionary approach to environmental challenges;

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undertake initiatives to promote greater environmental

responsibility;

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encourage the development and diffusion of environmentally

friendly technologies.

1.2.4

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Anti-corruption

LISI has undertaken to fight corruption in all its forms, including

extortion and bribery.