Deuventi has implemented several sustainability initiatives encompassing environmental, social, and corporate governance (ESG) aspects.
Compliance
Corporate compliance in an international context refers to a company’s adherence to the legal frameworks, industry standards, international treaties, and internal regulations across different countries to ensure lawful and compliant global operations.
Legal and Regulatory Compliance
Domestic Laws: Companies must comply with the legal frameworks of their home country, such as China’s Anti-Monopoly Law and Anti-Unfair Competition Law.
International Laws: Compliance with global treaties and agreements, such as WTO regulations and International Labour Organization (ILO) conventions.
Host Country Laws: Adherence to local laws and regulations in target markets, such as the U.S. Foreign Corrupt Practices Act (FCPA) and the EU General Data Protection Regulation (GDPR), etc.
Anti-Corruption and Anti-Bribery
Anti-Corruption Policies: Companies must establish and enforce anti-corruption policies to prevent bribery by employees or third parties.
FCPA & UK Bribery Act: Businesses operating in the U.S. and the UK must comply with these laws, which prohibit bribery in international business activities.
Data Protection and Privacy
GDPR Compliance: Companies operating in the EU must adhere to GDPR requirements to ensure lawful collection, processing, and storage of personal data.
Other Regional Data Protection Laws: Compliance with regulations such as the U.S. California Consumer Privacy Act (CCPA) and China’s Personal Information Protection Law (PIPL), etc.
Trade Compliance
Export Controls: Adherence to national export control regulations, such as the U.S. Export Administration Regulations (EAR).
Economic Sanctions: Avoiding transactions with sanctioned countries, entities, or individuals.
Tax Compliance
Cross-Border Taxation: Companies must comply with tax regulations in different jurisdictions, mitigate double taxation, and engage in proper tax planning.
BEPS Action Plan: Adhering to the OECD’s Base Erosion and Profit Shifting (BEPS) initiative to prevent tax avoidance.
Labor and Employment Compliance
Employee Rights: Compliance with international labor standards to ensure fair wages, working hours, and safe working conditions.
Anti-Discrimination: Ensuring non-discriminatory hiring and employment practices concerning gender, race, religion, and other protected attributes.
Intellectual Property Protection
Patents and Trademarks: Global protection of corporate intellectual property to prevent infringement.
Technology Transfer Compliance: Adhering to relevant laws and regulations in technology transfer to prevent unauthorized disclosures.
Cultural Sensitivity and Localization
Cultural Sensitivity: Respecting cultural differences across regions to prevent compliance risks arising from cultural misunderstandings.
Localized Compliance: Adapting compliance strategies to align with host country regulations and cultural norms for effective implementation.
Through these initiatives, Deuventi is committed to achieving business success while fulfilling social responsibilities and driving global sustainability.
