No Gift Policy

(hereinafter referred to as the “Policy”)

At WASTECH GROUP SDN. BHD. (Formerly known as WASTECH RESOURCES SDN. BHD.) (Registration No. 202001024061 (1380381-V)) along with our subsidiaries, affiliates, its associated company(ies), its joint venture partners, including but not limited to all of its shareholder(s), its director(s), its employee(s), its supplier(s), its contractor(s) and/or its permitted person(s) (hereinafter referred to as “we”, “our”, “us” or “WASTECH”), we are committed to conduct our business with integrity.

In line with that commitment, we have developed this Policy as a guideline for all customers of WASTECH (hereinafter referred to as the “Customer”) or WASTECH’s vendor, supplier or contractor (hereinafter collectively referred to as the “Service Provider”), to strictly adhere to when dealing in any matters concerning the Customer or Service Provider with WASTECH.

This Policy shall strictly adhere to the following guidelines:

1. We condemn any form of bribery or corruption and require our Customer and Service Provider to take all necessary measures to prevent corrupt practices when dealing with WASTECH, including its directors, employees and any person acting on WASTECH’s behalf (hereinafter referred to as the “Personnel”).
2. The Customer and Service Provider shall not, at all times:
  1. offer or provide, whether directly or through any intermediaries, any bribe, gift, reward, consideration, favour, or any other advantage, whether material or immaterial (hereinafter referred to as the “Advantages”) to any Personnel for the purpose of:
    1. influencing them to act contrary to WASTECH’s interest;
    2. obtaining or rewarding favourable treatment by WASTECH with respect to the terms, conditions, price and/or performance of a contract;
  2. offer or provide Advantages which might be considered a bribe under international legislation, to a government office, whether in Malaysia or any other country;
  3. collude with other parties to preclude or compromise dealings with WASTECH. The Customer and Service Provider also undertake to report to WASTECH, through its official reporting channels stipulated below, any such attempts made by others to involve the Customer and Service Provider in acts of collusion against WASTECH; and/or
  4. instigate third parties to perform actions pertaining to the above.
3. Customer and Service Provider shall ensure that they adhere to the following:
  1. Gift
    1. Any gift must be unsolicited and not affect, or be perceived as affecting, business judgment. Gifts should only be offered to and received in connection with customary business or cultural occasion. Cash, loans, kickbacks, or the equivalent advantages are absolutely prohibited.
    2. Gifts must not exceed RM500.00 and in any event, must not occur more than 3 times in a year, with the same person.
  2. Hospitality (Meals and Entertainment)
    1. Hospitality must be unsolicited and not effect or be perceived as affecting business judgment.
    2. Meals and entertainment should only be offered to and received from our Personnel dealing with the Customer or Service Provider in their role in WASTECH, is for purposes supported by WASTECH and may only be offered in conjunction with legitimate business meetings, conferences or events hosted, supported, or sponsored by WASTECH. They may never be provided on a stand-alone basis.
    3. Meal and hospitality must not exceed RM500.00 and in any event, must not occur more than 3 times in a year with the same person.
    4. All requests must be made by well-established organisations on their official letterhead to WASTECH, regardless of value.
4. Facilitation Payment
  1. WASTECH shall never allow any of its Personnel to make or use third parties to make an unofficial payment in order to secure or expedite routine administrative actions, such as customs clearances, visas, permits or licenses.
  2. If you receive a request for a facilitation payment, you must immediately report such request to WASTECH as per the official reporting channels provided below.
5. Official Reporting Channels

Please report any suspected instances of corruption to WASTECH via:

  1. Completing the Whistleblowing Form in accordance with our Whistleblowing Policy contained in our official website; or
  2. Report it to whistleblowing@wastech.com.my.

This Policy is updated as at 28 November, 2023