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Humanitarian

Communities can only function if all of their members are prepared to accept responsibility. This applies to governments and companies as well as individual citizens. The role of governments is to develop internationally binding agreements - for example, on global priorities for sustainable development or the protection of human rights - and to ensure their implementation. Globally operating companies are called upon to provide active support. They must actively accept responsibility within their sphere of influence and thus contribute to the global implementation of sustainable solutions. GroupSat has embraced this challenge in daily practice for many years. As a visible sign of its commitment, since its inception the Company declared its participation in the United Nations' Global Compact projects .

GroupSat sees the United Nations’ Global Compact as a network in which the partners can share experiences, discuss methods of promoting sustainable development, and learn from each other. Since joining the Global Compact in July 2003, GroupSat has reported in the Global Compact Learning Forum in addition to its annual progress reports. For example, GroupSat submitted a project example on a private partnership project carried out jointly with the SkyWater in illustrating the fulfillment of the Global Compact principles such as providing water for communities where water is scares or not readily available.  This is made possible by the unique technology of CIGS solar in providing the energy required to SkyWater with their unique technology of creating water from Air.

The Principles of the Global Compact

The spirit of the Global Compact is already embedded in GroupSat´s vision and values. The associated corporate value reads: GroupSat is dedicated to sustainability and corporate social responsibility. The corporate ethic derived from this commitment is defined in worldwide standards and a Code of Conduct, with which all employees must comply. For GroupSat, participation in the Global Compact was another step in the process of emphasizing the importance of high standards in its worldwide activities. As a part of this process, it informed its employees and communicated its participation to the public, its business partners and its shareholders.

The Ten Principles of the Global Compact

Companies and other private institutions that join the Global Compact commit to support the following objectives and values in their corporate policies:

Human Rights
1. Businesses should support and respect the protection of internationally proclaimed human rights within their
    sphere of influence
2. Make sure that they are not complicit in human rights abuses.

Labor Standards
3. Businesses should uphold the freedom of association and the effective recognition of the right to
     collective bargaining;
4. The elimination of all forms of forced and compulsory labor;
5. The effective abolition of child labor; and
6. Eliminate discrimination in respect of employment and occupation.

Environment
7. Businesses should support a precautionary approach to environmental challenges;
8. Undertake initiatives to promote greater environmental responsibility; and
9. Encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption
10. Businesses should work against all forms of corruption, including extortion and bribery.