Galaxy diligently identifies both existing and potential impacts on the economy, environment, and society. This comprehensive understanding is achieved through a multifaceted approach, including stakeholder engagement, rigorous environmental and social risk assessments, and meticulous supply chain scrutiny.
- Compliances
- Business Ethics and Transparency
- Employee Health and Safety, well-being
- Water Security - Being Water Positive at the respective operational site
- Labor relations- Fair labour practices
- Customer Privacy
- Customer Complaints Resolution
- Data security
- Risk management
- Increase in use of % of renewable sources of energy in overall Energy consumption
- Net Zero Carbon
- Engagement with Suppliers
- Sustainable Palm Oil
- Circular economy
- Product Sustainability - Life Cycle Assessment approach
- Digitization
- Efficiency Projects
- Diversity and inclusion at workplace
- Bio-diversity Impact
At Galaxy, we believe that the strength of our business is closely tied to the strength of our supply chain. That's why we take great care in selecting and nurturing our suppliers, outsourcing partners, and service providers. Our commitment to excellence goes beyond just economic and product-specific performance; it extends to non-financial and sustainability considerations. We commit to supporting the local economy and fostering strong relationships with nearby businesses is unmatched.
Comprehensive Criteria: We assess and manage our suppliers based on a comprehensive set of criteria, ensuring that not only economic aspects but also sustainability standards are met.
Sustainability Integration: Galaxy's sustainability standards are deeply embedded into our procurement strategies and activities. We understand the importance of responsible business practices and strive to make them a cornerstone of our supplier relationships.
Vendor Onboarding Excellence: We've implemented a systematic vendor onboarding process that acts as a robust framework for welcoming new partners into our family. When they meet our eligibility criteria, we guide them through this process, ensuring that they are well-prepared to work with us.
Focus on MSMEs: We recognize the vital role Micro, Small, and Medium Enterprises (MSMEs) play in our global economy. Therefore, our current focus is on streamlining the onboarding process for MSMEs, making it easier for them to partner with Galaxy.
Here’s how we engage with Suppliers:
Check Eligibility: Ensure that the supplier meets our eligibility criteria for supplying the required materials or services.
Vendor Onboarding Process: If vendor qualifies, they’re guided through our vendor onboarding process. This process is designed to equip them with the knowledge and tools necessary to thrive as a Galaxy supplier.
Successful Registration: Upon successful completion of all the requisite requirements, suppliers will be registered in our system, and they officially become a part of the Galaxy Supplier Network.
At Galaxy, we handle confidential information with utmost care and discretion, refraining from disclosure unless explicitly authorized or legally mandated. Confidential information encompasses a wide range of data, including but not limited to details about the company’s clients—such as their names, addresses, personal information, portfolio transactions, and portfolio holdings—as well as investment advice provided to our clients.
At Galaxy, we handle confidential information with utmost care and discretion, refraining from disclosure unless explicitly authorized or legally mandated. Confidential information encompasses a wide range of data, including but not limited to details about the company’s clients—such as their names, addresses, personal information, portfolio transactions, and portfolio holdings—as well as investment advice provided to our clients.
At Galaxy, product quality and safety are paramount. We implement robust controls and channels to meticulously evaluate the impacts of products and processes at every stage of development. Our products undergo stringent quality checks, consistently surpassing industry benchmarks. Compliance with quality and cosmetic GMP standards is regularly reviewed by dedicated teams and top management, ensuring strict adherence to operational plans and product development.
As a signatory to the Responsible Care® Declaration, Galaxy upholds the Responsible Care® Global Charter. We have integrated Responsible Care® principles into our Sustainability and SHE (Safety, Health, and Environment) Policies, demonstrating our unwavering commitment to sustainable chemistry. Our holistic approach ensures we address health, safety, environmental, and regulatory aspects throughout our product life cycles, adhering to clear guidelines and process descriptions.
Furthermore, Galaxy fully commits to compliance with REACH and REACH-like regulations, successfully registering all relevant chemicals within specified deadlines and maintaining up-to-date product dossiers. This global coordination with regulations, including interactions with the European Chemicals Agency (ECHA), is expertly managed by our dedicated Regulatory Team. In the realm of transportation, we prioritise the safe handling of dangerous goods. This is achieved by utilizing UN-certified packaging materials and affixing Dangerous Goods labels, strictly adhering to IMDG (International Maritime Dangerous Goods) and IATA (International Air Transport Association) regulations.
