(ESG) PRINCIPLES OF SUSTAINABLE DEVELOPMENT

«Arassa Deniz» IE considers adherence to the principles of sustainable development (ESG principles) in its activities to be a key condition for the successful development of modern business. This approach is based on careful treatment of the environment, the creation of favorable social conditions, fair and responsible relations with employees and service consumers, as well as proper corporate governance for the benefit of future generations.

We recognize our responsibility to all stakeholders and build partnerships with them based on respect for human rights, compliance with legislation, and adherence to other important norms and standards.

«Arassa Deniz» IE has approved the «Sustainable Development and ESG Compliance Policy», which defines and establishes the priorities and goals of key areas of activity in the field of sustainable development, aligned with the United Nations Sustainable Development Goals (UN SDGs).

OUR PRIORITIES

  • Reducing the negative impact on the environment through the rational and efficient use of natural resources, proper waste management, and systematic training, awareness raising, and engagement of the enterprise’s employees in addressing environmental protection issues.
  • Ensuring the well being of the enterprise’s employees and creating safe working conditions that protect their life and health.
  • Developing a successful, economically sustainable, and competitive business that ensures transparency and openness.
  • Building legitimate and sustainable partnerships with all stakeholders.
Review the Policy

SAVE NATURE - TO SAVE THE FUTURE!

«Arassa Deniz» IE has approved an «Environmental Policy», which serves as the foundation for defining the strategy and targeted planning of activities in the field of environmental protection, expressing the company’s position on environmental stewardship.

STRATEGIC GOALS

  • Ecosystem Conservation: We strive to preserve the natural environment by minimizing interference with natural processes during our professional activities.
  • Environmental Safety: We proactively prevent and systematically reduce negative environmental impacts through the implementation of efficient resource management and waste control.
  • Culture of Responsibility: We increase the level of personal social and environmental responsibility among all employees of the IE. We encourage a mindful attitude toward nature both at work and in everyday life.
  • Social Contribution: We support socially significant initiatives and participate in projects aimed at improving the quality of life in the regions where we operate.

All employees of «Arassa Deniz» IE, without exception, follow the measures aimed at preventing and reducing negative environmental impact:

  • Always comply with the requirements and standards established by the legislation of Turkmenistan and international legal acts in the field of environmental protection
  • Regularly undergo environmental training
  • Use electricity and water responsibly
  • Use specialized equipment, machinery, and tools
  • Use paper responsibly — apply duplex (double sided) printing, when possible, print only what is truly necessary, and convert paper documents into digital form
  • Voluntarily participate in eco activities — clean the Caspian Sea shoreline and adjacent worksite areas from litter, plant trees
  • Treat food products with care
  • Manage waste responsibly
  • Conduct environmental education with their children and relatives
  • Use only safe and certified chemical agents, strictly following usage instructions and dosage control
×

(S) SOCIAL RESPONSIBILITY
KEY PRINCIPLES
OF SOCIAL RESPONSIBILITY OF «ARASSA DENIZ» IE

  • Freedom of labor and prohibition of child and forced labor.
  • Strict compliance with labor legislation
    and other applicable laws.
  • Ensuring equality, diversity, and inclusiveness.
  • Providing safe working conditions.
  • Respecting and protecting human and employee rights, preventing any form of violence.
  • Right to freedom of association and collective bargaining.

OUR SERVICES START WITH SAFETY!

«Arassa Deniz» IE strictly adheres to human rights and strives to maintain an environment that encourages and promotes ethical and professional behavior among all employees, as well as respect for individual values and freedoms. The enterprise is committed to taking measures aimed at preventing and combating discrimination or harassment on the basis of race, sex and/or gender identity, skin color, belief, religion, age, national origin, ethnicity, disability, veteran or military status, pregnancy, genetic information, marital status, citizenship status, intentional harm of varying degrees, or any other legally prohibited grounds.

STRATEGIC GOALS

  • Zero Harm: Total prevention of emergencies and accidents in the workplace and office.
  • Proactive Approach: Timely prevention and identification of potential risks before they lead to incidents.
  • Human Priority: Stewardship of the life and health of every employee as the IE’s highest value.

FOR «ARASSA DENIZ» IE, THE MOST VALUABLE ASSET IS THE LIFE AND HEALTH OF EVERY EMPLOYEE.
THEREFORE, WE:

  • Ensure safe working conditions;
  • Annually identify, assess, and reassess risks;
  • Develop annual measures to reduce risks;
  • Provide employees with necessary personal protective equipment (PPE) in a timely manner;
  • Conduct regular safety audits;
  • Use only properly functioning equipment, machinery, and tools;
  • Conduct workplace safety assessments within the timeframes established by GOST and SES requirements;
  • Assess each employee’s health condition before starting work;
  • Develop and implement various policies, regulations, instructions, guidelines, rules, and orders related to OHS;
  • Continuously conduct OHS training;
  • Conduct scheduled knowledge assessments on OHS standards;
  • Carry out joint OHS training and drills with service customers.

WE ALSO ORGANIZE EXTERNAL TRAINING COURSES PROVIDED BY SPECIALIZED INSTITUTIONS:

  • TurkmenStandard Information Center - Training: «Unified Occupational Safety Management System in the Economy of Turkmenistan»
  • International Training and Research Center, Ashgabat — Practical training: «Basic Life Support newborns, children, adolescents, adults»
  • International Training and Research Center, Ashgabat — Practical training: «Basic Life Support newborns, children, adolescents, adults»
  • National Red Crescent Society, Balkanabat — Practical training: «First Aid»
  • Training Center of HO “Takyk Abzal”, Ashgabat — «Basic course on safety and emergency response on offshore platforms (BOSIET)»
  • Marine Vocational School, Turkmenbashi (State Service of Maritime and River Transport of Turkmenistan) — Training: «Basic Safety Training»
  • SGS Turkmen Ltd., Ashgabat — Training: «Introduction to the Requirements of ISO 45001:2018»

The following OHS and WS policies have been developed and implemented in the IE:

  • Occupational Health and Safety Policy Review
  • Policy on the Use of Alcohol, Drugs, and Toxic Substances Review
  • Policy on Providing Employees with Personal Protective Equipment (PPE) and Cleansing Agents Review
  • Transport Safety Policy Review
  • Privacy and Personal Data Protection Policy Review

(S) SOCIAL RESPONSIBILITY

RESPECT FOR HUMAN RIGHTS

«Arassa Deniz» IE places significant emphasis on implementing and maintaining best practices in corporate culture and applies a thorough and comprehensive approach to corporate governance. The goal is to ensure business success and continuity, economic efficiency, and the preservation of a strong business reputation as a reliable and responsible partner.

«Arassa Deniz» IE relies on the following key regulatory and legal frameworks in the field of human rights compliance:

INTERNATIONAL

  • United Nations Global Compact
  • Universal Declaration of Human Rights
  • International Covenant on Civil and Political Rights
  • International Covenant on Economic, Social and Cultural Rights
  • UN Guiding Principles on Business and Human Rights
  • ILO Declaration on Fundamental Principles and Rights at Work

National

  • Constitution of Turkmenistan
  • Labor Code of Turkmenistan

Internal

  • Policy on Preventing Discrimination
    Review
  • Code of Corporate Business Ethics
    Review
×

(G) CORPORATE GOVERNANCE

«Arassa Deniz» IE places significant emphasis on implementing and maintaining best practices in corporate culture and applies a thorough and comprehensive approach to corporate governance. The goal is to ensure business success and continuity, economic efficiency, and the preservation of a strong business reputation as a reliable and responsible partner.

Within the framework of the governance aspect, the enterprise ensures strict adherence to the following principles and requirements:

Transparency and disclosure of information - we ensure openness regarding key information about the enterprise and our activities at all levels. Upon request from stakeholders, we are ready to provide any confirmation of compliance with legal requirements and standards in the course of our operations.

Financial stability - we strive to ensure financial prosperity and economic stability. All financial transactions of the enterprise are properly, accurately, and sufficiently detailed in accounting records, documented, and available for verification.

Strict compliance with anti corruption legislation - we adhere to the principle of zero tolerance for corruption in any form or manifestation when conducting business and performing any operations. We make every effort to prevent such violations and have implemented a set of measures described in detail in the enterprise’s Anti Corruption Policy. Review.

Independence and accountability of management bodies and officials –based on responsible management, implemented through an organizational structure that ensures accountability, effective interaction between governing bodies, and high professionalism, competence, and impartiality of all officials.

High standards of procurement activities - in procurement, we strive to cooperate exclusively with reliable, law abiding, and competent suppliers, in accordance with the Approved Supplier List.

Active cooperation and balance of stakeholder interests – we aim to interact honestly, actively, and constructively with all stakeholders on equal terms, including customers, consumers, suppliers, partners, employees, public organizations, government institutions, and authorities. Our goal is to build effective dialogue and long term successful partnerships based on respect for human rights, compliance with legislation, and adherence to important norms and standards.