Anti-Corruption (GRI 3-3)
The Group Company conducts its business with integrity by adhering to the principle of corporate social responsibility and respect for all stakeholders based on the good corporate governance and its Code of Business Ethics including policies and guidelines on treatment of stakeholders. The Company is committed and aspires to combat all types of corruption. To ensure that the Company puts in place a policy which sets out appropriate accountability, practices and regulations of actions to be taken to prevent corruption in all business activities of the Company and to ensure that all business decisions and operations which are exposed to corruption risks are treated and implemented with prudence, the Company prepared this ‘Anti-corruption Policy’ as a written guideline on clear business practices and corporate development towards sustainability. The Anti-corruption Policy shall apply to the subsidiaries, associated companies, other companies which the Company has the controlling power, and business representatives. This policy has been approved by the Board of Directors.
In addition, the Company has used communication channels within the organization to create accurate knowledge, understanding and raise awareness in this matter to the Company's personnel and the related persons, which will lead to the creation of corporate culture that opposes all aspects of corruption. Such corporate culture will serve as a robust foundation crucial to sustainable business organization developments going forward and more details about Anti-Corruption Policy and Anti-Corruption Policy Guideline follow as:
The significant performance and development of anti-corruption are as follows:
The Board of Directors has mandated the monitoring of compliance with the Corporate Governance Policy, including the Anti-Corruption Policy and its associated practices, and has ensured that such policies are effectively communicated to all personnel within the organization for their awareness and adherence.
1. Review of Anti-Corruption Adequacy and Monitoring of Compliance with the Anti-Corruption Policy
The Company conducts regular reviews of the adequacy of its anti-corruption measures and monitors compliance with the Anti-Corruption Policy. The Head of Internal Audit, who operates independently and reports directly to the Audit Committee, is responsible for examining whether operations are conducted in accordance with the Company's policies, practices, delegated authorities, procedures, applicable laws, and regulatory requirements. This is to ensure that the Company maintains an adequate and appropriate internal control system for managing potential corruption risks, with findings reported to the Audit Committee.
Furthermore, the Company has mandated periodic reviews of the Anti-Corruption Policy and its associated practices, encompassing areas such as hospitality and entertainment expenses, acceptance of gifts, assets, or other benefits, charitable donations and organizational sponsorships, political contributions, facilitation payments, and the engagement of government officials. The Company also communicates its "No Gift Policy" prior to the New Year and on other occasions through both internal and external channels, including the installation of promotional materials at various locations across all factory sites, and dissemination via the Company's Intranet system and official website at https://www.sritranggloves.com/th/home, to demonstrate its commitment and to inform all stakeholder groups, including business partners, customers, affiliated companies, and external parties.
In addition, the Company has reviewed its Whistleblowing Policy and the channels available for receiving complaints or tip-offs from both external parties and employees. Whistleblowing channels have been publicized on the Company's website, communicated via email, and posted on notice boards at various locations across factory premises, with particular emphasis on the protection of whistleblowers and complainants, including the option to submit reports anonymously.
2. Participation in Anti-Corruption Activities
- The Company was certified as a member of the Thai Private Sector Collective Action Against Corruption (CAC) on 30 June 2022. As the initial three-year certification period concluded, the Company applied for renewal and successfully received its first CAC Re-Certification in March 2025.
- In the same year, the Company was certified as a CAC Change Agent member in May 2025 and was honored with the CAC Change Agent Award 2025 on 24 November 2025.
This recognition reaffirms the Company's commitment to being a transparent, ethical, and anti-corruption organization, while actively encouraging SME business partners to declare their intention to join the CAC initiative, thereby fostering a collective network of transparent and sustainable business practices.
3. Corruption Risk Assessment and Identification
The Company conducts an annual corruption risk assessment process covering 100% of its business operations (GRI 205-1). Corruption risk is recognized as a significant risk factor, addressed at both the enterprise risk and sustainability dimensions, requiring all business units within the Group to jointly assess, monitor, and review control measures in alignment with evolving circumstances on a continuous basis. The Risk Management function is responsible for consolidating and summarizing the overall assessment results, which are subsequently reported to the relevant committees for acknowledgment, consideration, oversight, and policy-level recommendations. For further details regarding corruption risk assessment, please refer to Section 2: Risk Management, Sub-section 2.2: Business Risk Factors, in the Company's Annual Report 2025 (Form 56-1 One Report).
4. Communication and Training for Employees on Anti-Corruption Policies and Practices
All directors, executives, and employees have been fully informed of the Anti-Corruption Policy and its associated practices, achieving compliance awareness with 100%. The Company disseminates such policies and practices through its internal Intranet system and externally via the Company's official website. Knowledge refresher training is also provided to all directors, executives, and employees through various channels and activities, including new employee orientation, the online “One Sritrang CG Day” event and a self-learning platform with comprehension assessments. The training and assessment participation results are as follows:
- Directors: Training and assessment completion with 100%
- Executives: Training and assessment completion with 100%
- Employees: Training and assessment completion with 100%
5. Review of Process Adequacy by the Audit Committee
The Audit Committee has reviewed and approved the internal audit plan developed on the basis of risk assessment, and reviews internal audit reports on a quarterly basis, providing recommendations for improving internal audit processes to enhance efficiency and effectiveness, while continuously monitoring the progress of management's corrective action plans. The Audit Committee has also reviewed the internal control system to assess its adequacy and effectiveness. Based on the annual internal audit report for 2025, which encompasses the Company's key operational systems, the Audit Committee is of the opinion that the Company's internal control system is adequate and appropriate.
With respect to anti-corruption matters, the Audit Committee has reviewed the Anti-Corruption Policy and its associated practices and concluded that the policy content is comprehensive and appropriate, with no recommendations for amendment. The Audit Committee has further recommended improvements to the Whistleblowing Policy to ensure alignment with international sustainability assessment standards
Thereby enhancing the overall standard of corporate governance. Additionally, the Audit Committee has acknowledged the findings of fraud investigation reports and has provided recommendations and established preventive measures to preclude recurrence, with a view to strengthening the Company's internal control system and risk management framework.
Target
Performance of FY2025
- The employees at all levels completed the Business Ethics and Anti-Corruption training course and passed the assessments via e-testing, achieving completion with a 100%
- The Company has maintained continuous anti-corruption certification from the CAC. In 2025, the Company successfully received its first CAC Re-Certification, was recognized as a CAC Change Agent member and was honored with the CAC Change Agent Award 2025
- No breaches of business ethics were reported
Whistleblowing
The Group Company provides channel through which all groups of stakeholders may report any violation of the law, rules and regulations of the Company, the Code of Business Ethics and the Code of Conduct including any financial misreporting and deficiency in internal control system of the Company. The report to the Company shall be made based on facts without any unsubstantiated accusation. The Company also provides protection for whistleblowers who act in good faith. Such measure aligns with the UN Guiding Principles on Business and Human Rights (UNGPs), which address the principles of Protect, Respect, and Remedy concerning business activities and human rights.
The filing of complaints and reporting of corruption is the responsibility of all personnel at every level of the Company. Such reports may be submitted anonymously or without disclosure of the whistleblower’s identity. Whistleblowers may submit reports or tip-offs to the Board of Directors through the Company Secretary, or to the Audit Committee through the Audit Committee Secretary, both of which operate as independent functions. Reports may be submitted through any of the following channels, as deemed appropriate to the circumstances:
1. By postage or by hand
2. Telephone or Email
3. Complaint box at the Company group’s factories and branches
4. HR Employee Relation or by directly report to the units responsible for that issue
5. The Company’s website at https://www.sritranggloves.com/th/documents/anti-corruption
Protection for Whistleblowers, Witnesses and Related Persons
To protect whistleblowers who act in good faith, the Company, by persons performing duties in relation to the complaints will keep confidential the information about the whistleblowers and persons giving information. Whistleblowers will have appropriate protections, i.e. there will be no change to nature of work, work location, positions held. Nor will there be threatening, termination of employment or such other unfair practices against the whistleblowers until steps are completed in accordance with this policy even if such action will cause the Company to lose its business opportunity.
Persons being informed of the complaints, or the information thereof, will keep such complaints and information confidential and undisclosed to others unless it is required to be disclosed under the law. If there is any intentional disclosure of information, the Company will impose sanctions in accordance with the regulations of the Company and/or commence legal proceedings, as the case may be.
Procedures
- Admission of complaints and notification of schedules of complaints handling to the whistleblowers
Whistleblowing Coordinators are required to register any complaints received and the schedule within which the progress of complaint handling will be notified to the whistleblowers. Any incidents that could have a materially adverse impact on the reputation of the Company shall be handled immediately while other cases of complaints may be handled quickly. - Fact finding and procedures
If it is found that the matter of the complaints is true and to have caused damage to the Company,
the Whistleblowing Monitors shall advise related persons on the appropriate behaviors or practices. Any acts that amount to a disciplinary breach will be reported to the Human Resources Department for further actions in accordance with the rules and regulations of the Company. Information on fact finding, actions taken or sanctions that are imposed will be forwarded to each level of supervisor until the Chief Executive Officer for acknowledgement or further actions. If the subject of the complaints did not commit the breach as accused in the complaint, the procedure shall be closed. - Notification of results and summary of complaints
Whistleblowing Coordinators shall notify the whistleblower of the results and prepare a summary report on the details of actions taken in relation to the complaints for submission to the Audit Committee on
a quarterly basis.
Complaints Statistic
In the year 2025, the Company and subsidiaries received 4 complaints as follows:
| Category | Number of Complaints | Progress |
|---|---|---|
| 1. Violation of the Code of Conduct - Treatment with stakeholders Ex. Customer Privacy Data - Social and environmental - Political community - Human rights Ex. Discrimination or Harassment - Conflicts of Interest - Intellectual property and copyrighted works |
- None - | - None - |
| 2. Corruption or Bribery | 2 Cases | The Company has acted in accordance with its internal regulations and has improved the relevant internal control processes. These complaint have been closed. |
| 3. Money Laundering or Insider Trading | - None - | - None - |
| 4. Others | 2 Cases | The Company has acted in accordance with its internal regulations and has improved the relevant internal control processes. Of the complaints received, one case has been closed, while one case remains under investigation and is expected to be concluded within 2026. |
| 5. Damage and Penalties | No Significance | |
| - Damage Value | No Significance | |
| - Penalties | ||
|
- None - | |
|
2 Cases | Refer to Item 4 |
For further details regarding whistleblowing and complaints, including investigation outcomes and corrective measures, please refer to Section 8.1: Summary of the Board of Directors' Performance in the Past Year, in the Company's Annual Report 2025 (Form 56-1 One Report), available on the Company's official website at https://www.sritranggloves.com/en/investor-relations/downloads/yearly-reports.
The Company and subsidiaries did not receive any significant damage from such complaints. The Board of Directors and the Audit Committee place an importance on anti-corruption policies and guidelines to create good consciousness and core value in the organization and continue to provide various, concise, and efficient channels for further receiving complaint including promoting processes of improvement to prevent recurrence. More details about “Whistle blowing Policy” are available on the Company’s website. https://www.sritranggloves.com/en/corporate-info/corporate-governance/anti-corruption
Whistleblowing Channel Form
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