RESPECT Human Rights Due Diligence Process IRPC is committed to a comprehensive due diligence process aligned with international standards to assess and address human rights risks within the organization. The systematic approach includes the following steps: 1. Identification of relevant human rights issues: IRPC identifies relevant and potential human rights risks associated with the following scopes; labor rights, community rights, supply chain, security and safety, environment, and customer rights. 2. Identification of vulnerable groups: IRPC identifies vulnerable groups as children, person with disability, elderly, women, indigenous people, migrant laborers, third-party contracted labor and LGBTQIA+ who may be impacted by IRPC’s operations and are at risk of having their human rights violated. 3. Human rights risks and impact assessment: Impacts and likelihood of human rights risks are assessed at the corporate level of own operation and throughout the value chain, including IRPC affiliates, controllable and non-controllable joint ventures, and critical Tier 1 suppliers. The assessment process also includes the analysis of risk which is defined into four levels of risk impact (extreme, high, medium, and low level). The evaluated impacts at the medium to extreme level will be considered for relevant existing control functions within the organization to identify corporate human rights risks. 4. Mitigation measures and integration: IRPC has concerns about appropriate mitigation measures to alleviate human rights risks. Hence, IRPC develops risk mitigation measures that align with different risk levels. These mitigation measures are integrated, minimized, and controlled to a low residual risk level at an acceptable level. Examples of mitigation measures include managing security, occupational health and safety of employees, and mitigating environmental impacts. 5. Monitoring report and communication: The performance according to human rights mitigation measures is monitored and reviewed by responsible management teams annually to ensure human rights issues are rectified. 6. Remedial action: IRPC designs appropriate remedial actions to alleviate human rights impacts caused by the company. The remedial actions consist of both financial and non-financial methods to compensate for the impacts Human Rights Risks and Impact Assessment IRPC conducted a human rights risk assessment across IRPC group as well as the in-depth value chain throughout its Business Units since 2018. Additionally, starting in 2022, the public consultation and human rights assessment for all new investment projects has been constantly conducted. the organization has consistently carried out public consultations and human rights assessments for all new investment projects. The Human Rights Risk Assessment (HRRA) is performed by relevant internal functions to ensure a comprehensive evaluation of human rights risks in IRPC’s operations and joint ventures (JVs) across the entire value chain. The HRRA process involves the identification of issues, assessment of impacts on rights holders and vulnerable groups, and evaluation of the likelihood of these impacts at the national level within the operational areas and among personnel. The assessed groups include various stakeholders such as employees within IRPC, society, subsidiaries, Joint Venture (JV) partners, and our business partners (suppliers, contractors, customers). Specific attention is given to vulnerable groups, including women, children, indigenous people, migrant people, third-party contracted labor, communities/local residents, customer/ consumer, LGBTQIA+, person with disability, pregnant women, elderly. 163 Business-Driven Sustainability 56-1 ONE REPORT 2023
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