Corporate Responsibility Policy

Draft date: June 17, 2013 NBU CRS is based on the following three guiding principles (adopted from Carroll & Frank; 1984): The firm's right to exist depends on our responsiveness to our external environments. Local and national governments tend to threaten increased regulations if businesses do not evolve to meet changing social standards. A responsive corporation social policy can enhance the firm's long term viability. In executing its CRS, NBU will become engage in the following movements locally and nationally:
  • HUNGER
  • o NBU will volunteer and actively participate in the following public and private agencies to help alleviate hunger, and improve the quality of life for poor, and low income families i.e. free energy audits for poor, and low income families: * The Red Cross (Locally and Nationally) * The Salvation Army (Locally and Nationally) * The Lion's Club (Locally and Nationally) * The Ministry of Social Services (Nationally) * Urban Renewal (Locally and Nationally)
  • COMMUNITY AND ECONOMIC DEVELOPMENT
  • o NBU will actively participate voluntarily and otherwise in the community and economic development initiatives of Grand Bahama, and the entire Bahamas. In this view, the firm will leverage its international relationships such as Kenergy Corporation to utilize their economic development expertise to improve the communities in the Bahamas. The Firm will also work with Local Governments on community parks development programs.
  • * LITERACY
  • o NBU will actively participate voluntarily in initiatives to improve the literacy in Grand Bahama, and the Bahamas. In this view, the firm will voluntarily teach and support not-for-profit literacy improvement initiatives. The firm will also actively and positively participate in credible non-political literacy debates. The firm will also support the Ministry of Education, and private educational institutions in their pursuits to improve literacy.
  • ENVIRONMENTALISM
  • o NBU will actively participate voluntarily in initiatives to improve and protect the Environments of Grand Bahama, the Bahamas, and the Globe. In this view, the firm will evaluate the effects of all its activities on the surrounding environment, and will use mitigation measures where appropriate. The firm will also lead in environmental initiatives such as developing/creating preservation and ecology sites. In this regard; NBU will also partner with agencies such as: * The Ministry of the Environment (Locally and Nationally) * The Ministry of Tourism (Locally and Nationally) * The GBPA Environmental Department * The Bahamas National Thrust (BNT), and its agencies such as the Rand Nature Center, and the Lucayan National Park on Grand Bahama * Civic organizations such as The Rotary Clubs, Key Clubs, Kiwanis Clubs, and the West End Eco-Fishing Camp.
  • Globally, NBU has adopted the Coalition for Environmentally Responsive Economies (CERES) Principles to “establish an environmental ethic with criteria by which investors and others can assess the environmental performance of Companies. In this regard, NBU has sign these Principles pledge to go beyond the requirement of the law. NBU will also implement formal Social audits annually, and highlight these audits findings with the firm's annual reports.
  • Affiliated Companies