Sustainability Policy

Our Commitment

At Magnias, we are dedicated to fostering a safe and healthy work environment while minimizing the environmental impact of our operations. We strive to protect the planet by preventing pollution through responsible practices and innovative product development. Sustainability is integral to our business strategy, extending beyond legal compliance to include a robust Social Responsibility and Environmental, Health & Safety Management System. Every employee, from the Executive Management Team to individual contributors, incorporates sustainability into their daily activities, ensuring our goals are met throughout the product lifecycle, from development to disposal.

Ethics

Our Code of Conduct establishes the principles and high standards that govern our business practices and those of our global supply chain. This Code is a fundamental part of all employee contracts and promotes respectful, dignified, and professional behavior across our global network. We expect our suppliers to adhere to our Supplier Code of Conduct and source materials from socially responsible and sustainable origins.

Labor & Human Rights

Respecting and upholding labor and human rights globally is a core aspect of Magnias’ operations. We have established formal grievance and remedy mechanisms to allow employees to report any concerns or violations. These requirements apply to Magnias and our entire supply chain, as outlined in our Social Responsibility Management System.

Employees

Our global workforce is diverse, both geographically and culturally. We are committed to providing a safe and secure workplace where every employee is empowered to maintain a healthy work-life balance and is treated with respect and dignity.

Products

We are dedicated to creating high-quality products and packaging that positively contribute to society. With each new product generation, we aim to continuously reduce our environmental footprint, adhering to standards such as RoHS and REACH requirements.

Operations

We are committed to the responsible use of resources. Our strategies include optimizing energy efficiency and material usage, managing water consumption and wastewater production, reducing greenhouse gas and other emissions, minimizing waste, sourcing materials responsibly, and planning for the phase-out of critical hazardous substances. We continuously assess our workplaces to eliminate hazards and reduce EHS risks as needed. Our chemicals management system ensures the safe and compliant use of hazardous substances in our production processes.

Compliance

We adhere to applicable laws, regulations, and industry standards, often exceeding specified requirements. Magnias’ Social Responsibility and Environmental, Health & Safety Management Systems cover key topics such as Labor & Human Rights, Ethics, Environment, Health & Safety, and Product Compliance. Where legal standards fall short, we implement our own rigorous standards to ensure comprehensive protection and responsibility.

Local Initiatives

We collaborate with local partners and organizations to support and strengthen the communities in which we operate. Magnias takes its societal responsibilities seriously by working with philanthropic organizations and providing non-commercial sponsorships to independent NGOs and not-for-profit organizations. We also encourage our employees to volunteer and participate in programs and charity projects.

Transparency

We are committed to measuring, tracking, and reporting the performance of our sustainability initiatives. These insights help us continuously improve our management system. To reinforce our commitment and transparency, we publish our sustainability performance both internally and externally, providing a clear view of Magnias’ progress.

Dialogue

We engage in open and ongoing dialogue with employees, worker representatives, customers, suppliers, authorities, investors, the public, and other key stakeholders. Magnias is a member of and collaborates with international industry associations to address critical industry issues and drive positive change collectively.

This Sustainability Policy encompasses our Environmental Policy and Occupational Health & Safety Policy, as required by management system standards. Magnias’ Environmental, Health & Safety Management System is certified and reviewed regularly to ensure its continued suitability, adequacy, and effectiveness in achieving our key goals and objectives.