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human rights policy

NEP Realty and Industry Public Company Limited,
               including its entire value chain—comprising employees, shareholders, investors, customers, communities, society, business partners, competitors, and all relevant stakeholders—is committed to upholding human rights and the right to access natural resources and the environment as a core principle of business operations. The company ensures its operations are conducted with prudence and responsibility, refraining from any actions that may directly or indirectly violate or impact human rights, and avoiding any support or involvement in such violations. The policy is guided by the following principles:

1. Respect for Human Rights

               The company and its value chain must comply with national laws relating to human rights as well as international human rights standards, including the Universal Declaration of Human Rights (UDHR), the United Nations Global Compact (UNGC), the UN Guiding Principles on Business and Human Rights (UNGPs), and the ILO Declaration on Fundamental Principles and Rights at Work. The company is committed to eliminating forced labor, human trafficking, and child labor. It also upholds the rights to collective bargaining, freedom of association, equal pay for all employees, and a safe and supportive working environment.

2. Non-Discrimination and Prevention of Harassment

               The company and its value chain must strictly prevent and oppose sexual harassment and all forms of abuse, as well as any discrimination based on race, origin, religion, belief, gender, color, language, social status, or any other differences. Employees will receive training on non-discrimination and workplace harassment to raise awareness and understanding of prevention and response measures.

3. Human Rights Due Diligence (HRDD)

               The company implements a comprehensive risk assessment and human rights impact evaluation across its operations and value chain. This process systematically identifies, assesses, and mitigates risks and impacts related to vulnerable groups, such as children, persons with disabilities, women, indigenous peoples, migrant workers, external contractors, and local communities. Responsible departments are tasked with overseeing, monitoring, and managing these risks as part of their roles.

4. Support and Promotion of Human Rights

               The company and its value chain actively support and promote all aspects of human rights across all stakeholder groups, adhering to the company’s Human Rights Policy.

5. Communication and Education on Human Rights

               The company and its value chain communicate, disseminate, and provide education on human rights to all stakeholders. This includes encouraging business partners to operate in ways that respect and comply with human rights principles.

6. Commitment to Human Rights

               The company and its value chain are committed to respecting human rights and must not ignore or overlook any human rights violations. Any suspected violations must be reported to supervisors or through designated whistleblowing channels.

               All directors, executives, employees, and stakeholders within the company and its value chain are required to acknowledge, understand, and strictly comply with this Human Rights Policy.

          NEP Realty and Industry Public Company Limited recognizes that respect for human rights is a fundamental cornerstone of our business operations. The Company has established this Human Rights Policy and Guidelines to affirm our commitment to upholding, supporting, and promoting the respect and protection of fundamental rights and human dignity for all stakeholders involved in our operations. These practices are aligned with domestic laws, international human rights principles, and business best practices, including:

          The Company is further committed to respecting and adhering to international principles that advocate for human rights and fair labor practices, thereby fostering socially responsible business operations that achieve global recognition.

          The Company adopts this Human Rights Policy as a framework for human rights management and operational guidelines across all activities under its direct management control. This encompasses all matters related to employees, labor, the supply chain, as well as communities and society.

Furthermore, the Company is committed to encouraging joint ventures, business partners, suppliers, and other relevant stakeholders within its supply chain to operate based on the principles of respect for human rights, by adopting this policy as a guideline or applying it as appropriate.

          Human Rights” refers to the inherent and inalienable rights of all human beings, regardless of race, color, gender, language, religion, education, customs, culture, social status, property, place of residence, political opinion, or any other status as defined by law or binding treaties. Furthermore, every individual is entitled to equality, liberty, and the right to protection from slavery and torture. This includes the right to freedom of opinion and expression, as well as the right to work, receive fair remuneration that ensures a dignified standard of living, and operate in an environment free from all forms of discrimination

          The Board of Directors, executives, and employees of the Company respect human dignity and treat all stakeholder groups with equality. We provide equal opportunities to everyone without discrimination based on race, nationality, skin color, gender, gender identity, age, religion, language, ideology, beliefs, social status, family origin, disability, political opinion, as well as relevant legal provisions and international human rights principles. Furthermore, the Company prioritizes the protection and promotion of the rights of vulnerable and underprivileged groups who may face risks of rights violations or unfair discrimination. We conduct our business with comprehensive due diligence to prevent human rights violations within our operational processes. The Company has established Human Rights Policy Guidelines covering the following key areas:

  1. Prohibition of Child Labor: The Company rejects the use of child labor by strictly adhering to the criteria and minimum age requirements for employment as stipulated by the labor protection laws of each country. We respect and promote children’s rights by avoiding business activities that may adversely affect children and by supporting child development through responsible business practices.

  2. Fair Employment Practices: The Company promotes fair employment by treating all employees and workers, including migrant workers, with fairness, equality, and transparency across all workplaces. Employment terms and conditions are clearly defined and mutually agreed upon, encompassing wage rates, benefits, working hours, overtime, holiday work, sick leave, and annual leave—without any unauthorized wage deductions. We ensure that holidays and other benefits meet or exceed legal requirements and protect the maternity rights of pregnant employees, including the right to maternity leave and guaranteed return to their original positions.

  3. Equal and Fair Remuneration: The Company is committed to paying fair and equal compensation without discrimination based on gender or age. We comply with minimum wage laws and provide all legally mandated benefits, while supporting a “living wage” that is sufficient and appropriate for a decent standard of living, considering the economic context and cost of living in each country of operation.

  4. Working Hours and Work-Life Balance: The Company defines working hours in accordance with labor laws, setting maximum working hours and limiting overtime within legal frameworks to prevent excessive overtime and promote a healthy work-life balance for all employees.

  5. Prohibition of Forced Labor and Anti-Human Trafficking: The Company prohibits all forms of forced labor, strictly following the labor protection laws of each country. Work assignments are based on individual capability and mutual consent. Furthermore, we oppose human trafficking and labor exploitation, including prison labor, slavery, or any form of coerced labor for exploitation within our operations, supply chain, and entities under our management control.

  6. Freedom of Opinion and Expression: The Company respects the rights and freedoms of employees to voluntarily participate in activities, as well as their right to express opinions and views in a manner that does not violate the law or public morality.

  7. Freedom of Association and Collective Bargaining: The Company respects and supports the freedom of association and the right to collective bargaining. We provide opportunities for employees to communicate and express opinions to management regarding welfare and working conditions appropriately, without threat, harassment, or discrimination.

  8. Occupational Health and Safety: The Company promotes a safe working environment covering all personnel, assets, employees, and stakeholders. We implement safety risk prevention and monitoring systems in compliance with relevant laws and provide international-standard safety training for partners and contractors before they commence work.

  9. Anti-Harassment and Non-Violence: The Company opposes all forms of discrimination, threats, harassment, and violence, including undesirable comments regarding individual differences, sexual harassment (physical or verbal), or any inappropriate conduct that causes shame or violates human dignity and safety.

  10. Rights of Indigenous Peoples: The Company respects the rights of indigenous peoples in all operating areas and is committed to recognizing, protecting, and promoting their customs, traditions, local wisdom, and cultural heritage.

  11. Community and Social Development: The Company supports the equal improvement of life quality in communities, providing access to education, internships, vocational training, and sustainable employment opportunities without discrimination.

  12. Human Rights Due Diligence (HRDD): The Company maintains a comprehensive HRDD process covering internal operations, controlled entities, and the supply chain, including new mergers or joint ventures. This process involves identifying salient human rights issues, assessing impacts, and establishing prevention, mitigation, and remediation measures through stakeholder engagement. We also conduct regular audits and disclosure to ensure accountability at all levels.

  13. Grievance Mechanism: The Company provides channels for reporting human rights violations via our website nep.co.th under the “Whistleblowing or Complaints” section. We guarantee fairness and protection for whistleblowers in accordance with our Code of Conduct; all information will be kept confidential, and the identity of the reporter will be strictly protected.

  14. Remediation and Mitigation: In the event that the Company causes or contributes to a human rights violation, we will provide appropriate, timely, and effective remediation to those affected, take disciplinary action against wrongdoers, and implement preventive measures to avoid recurrence.

  15. Human Rights Culture and Training: The Company strives to instill a corporate culture of respect for human rights. We monitor operations diligently and will not ignore any violations. We provide ongoing human rights communication and training to directors, executives, employees, and supply chain partners to ensure deep understanding and the ability to respond to related incidents effectively.

  16. Policy Review: The Company will review this Human Rights Policy annually or upon significant changes to ensure it remains aligned with laws, international standards, and the evolving business environment.

  17. Disciplinary Action: Any individual who violates human rights is considered to have breached the Company’s Code of Conduct and this Policy. Such individuals will face disciplinary action according to Company regulations and may be subject to legal penalties if the violation constitutes a legal offense.

The Company provides communication channels to allow employees and stakeholders to express opinions, reflect on issues, and report concerns or grievances (whistleblowing). These channels ensure strict compliance with this Human Rights Policy and Guidelines through the methods specified herein. All information received will be kept strictly confidential and will be utilized solely for the purpose of developing and implementing further improvements

This policy shall be effective from March 19, 2026, onwards
Mr. SOONTORN POJTHANAMAS
Chairman of the Board

NEP REALTY AND INDUSTRY PUBLIC COMPANY LIMITED

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human rights policy