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.