Yang Ming’s Human Rights Policy

Human Rights Policy and Declaration

Yang Ming has operated worldwide for a long time and has been dedicated to respecting and maintaining internationally acknowledged human rights and ensuring the compliance of business activities with local laws and regulations as well as international standards, thereby providing a fair and equal working environment and making sure that the rights and interests of our employees and partners are respected and protected. When it comes to human rights, we respect and protect all internationally acknowledged human rights and never engage in any activities that neglect and involve human rights violations. The Company has formulated its Human Rights Policy with reference to international human rights conventions including the International Bill of Human Rights, the United Nations Global Compact, and the International Labour Organization's core conventions. The Company has also established internal regulations, and for violations of laws and internal regulations, disciplinary measures are implemented through relevant punishment procedures.

The Company commits to complying with internationally recognized labor rights in all operational locations, ensuring no unequal treatment based on race or gender, freedom of association, collective bargaining rights, respect for privacy, care for vulnerable groups, prohibition of child labor, prohibition of harassment, prohibition of forced labor, etc., and is committed to eliminating all forms of forced labor and discrimination in employment. The Company offers reasonable working conditions, maintains the physical and mental health of its employees, endeavors to reduce factors hazardous to safety and health, and ensures thorough protection of the personal privacy of all customers, employees and stakeholders, fulfilling human rights protection responsibilities. 

Human Rights Education and Training

The Company’s education, training, and propaganda on the Human Rights Policy aim at raising employees’ awareness of human rights protection. The Company organized a 0.5-hour course for all onshore employees in 2024, and 1,493 employees completed the course, with a test pass rate of up to 99.93%. This mandatory course will continue to be promoted through systems and policy emails to strengthen all employees' awareness of human rights. The human rights policy is disclosed on the company's official website, internal website, and YM e-learning Platform for all colleagues to view at any time, strengthening employee human rights awareness through policy implementation explanations and case discussions. For employees who do not complete the course, the Human Resources Department will compile a list for the manager of each department for follow-up management.

Human Rights Due Diligence

The Company values human rights issues. In 2023, it first introduced the concept of human rights due diligence, initially summarizing human rights issues within its operational scope by analyzing international human rights issue trends, interviewing internal supervisors, and reviewing internal labor-related documents. In 2024, a human rights due diligence project was conducted to gradually expand and implement the depth and breadth of human rights management. The project is divided into three phases, with each phase conducting due diligence on different subjects:

• Phase 1: Human rights due diligence for employees within own operational scope (including onshore employees and seafarers), with survey results showing low risk for women, children, migrant workers, etc.
• Phase 2: Human rights due diligence for suppliers
• Phase 3: Human rights due diligence for joint ventures and/or other stakeholders

Human Rights Risk Issue Identification Process

Human Rights Risk Identification Matrix