Promocean, as part of the Li & Fung Group, is committed to creating long-term value for corporate partners and out society. Our business activities are carried out ethically and comply with all applicable regulations, overseen by an effective and transparent governance structure.
Promocean emphasizes the importance of incorporating sustainable development into their operations and management, utilizing an ESG governance structure to ensure that ESG activities and emerging issues are quickly escalated for the attention and action of the Board and management.
The Risk Management & Sustainability Committee (RMSC) oversees corporate ESG practices, policies, procedures, strategies, and directions, with membership including both the Board and executives.
We aim to integrate ESG and sustainability practices into our business strategies.
Promocean is committed to conducting its business responsibility and in compliance with statutory requirements and regulations. Li & Fung's Code of Conduct and Business Ethics strictly prohibits corruption, bribery, extortion, fraud, money laundering, and unfair competition. We have a zero-tolerance policy towards bribery and corruption, and promote the highest standards of ethical conduct among our employees.
Code of Conduct and Business Ethics
Promocean encourages employees to report any actual or potential illegal or unethical behavior to senior management or the Group Chief Compliance & Risk Management Officer. Violations of the Code are investigated and reported to senior management, and may result in disciplinary action. The company assures that no retaliation will be taken against employees who raise genuine concerns or participate in investigations.
We believe that our success should be based on a common vision of shared values and a consistent standard of conduct.
Promocean is committed to maintaining the confidentiality, integrity, and availability of it's information assets, ensuring information security across it's business. The company uses advanced industry-standard technology for cybersecurity, bolstered by an internal cybersecurity team at Li & Fung and external security companies.
Promocean as part of Li & Fung maintains a robust data protection policy, aligning with the GDPR and the ISO/IEC27001 2013 certification. Regular reviews and updates ensure compliance with regulations, and a risk-based approach is taken to asses potential data risks. To enhance employee awareness, training programs including phishing simulations, quarterly IT cybersecurity sessions, and monthly IT security tip emails are conducted.