Sustainability

          Eurothai Argento Ltd, is a jewelry manufacturer and exporter, gives priority to produce high quality products and aware of being responsible for sustainable development in business operation in respect to society, community and interests of stakeholders which based on transparency, integrity, ethics, and human rights.

          The company is providing quality and safe products to the customers. Additionally, the company considers the responsibility on impact of the community and the environment by working within the requirements of national and international laws and regulations. The company strives to improve and develop continuous and sustainable social responsibility.

          The Responsible Jewellery Council (RJC) is an international not-for-profit standards-setting and certification organization that has been established to Advance Responsible Ethical, Human Rights, Social and Environmental Practices throughout the Diamond, Colored Gemstones, Gold, Silver and Platinum Group Metals (PGM’s) Jewelry Supply Chain that promote trust in the global fine jewellery.

          The RJC has developed a Benchmark Standard for the Jewellery Supply Chain and Credible Mechanisms for verifying Responsible Business Practices through Third Party Auditing.

          In this regard, the company is a certified member of the RJC standard, we are committed to operate our business in accordance with the RJC Code Of Practices which is available at www.responsiblejewellery.com. The company committed to and are independently audited against the RJC COP. The Code of Practices addresses:

          Anti-Bribery & Facilitation Payments

          Know Your Counterparty: Anti-Money Laundering and Finance of Terrorism

          Adherence to the Kimberley Process and World Diamond Council System of Warranties

         Diamonds to be purchased from Responsible and Legitimate Sources.

         Supply Chain Policy-OECD-CAHRAs

         All Gold, Silver and PGM’s used in jewelry is Responsibly Sourced and fully Traceable to its Origin.  

         Provenance Claim

         Product Disclosure

         Human Rights

         Harassment, Discipline, Grievance Procedures

         Employee Policies

         Health & Safety Performance

         Community Relations

         Environmental Performance

         Relationship with Business Partners

        Statement of Commitment to RJC Policies and Procedures

Signed:

                     

               (Kannika Supavanichyanon)
                      Managing Director

Date of effect 04/04/2024

1. Eurothai Argento Ltd.  is a complete jewellery and watch repair service. This policy confirms Eurothai Argento Ltd.commitment to respect human rights, avoid contributing to the finance of conflict and comply with all relevant UN
sanctions, resolutions and laws.

2. Eurothai Argento Ltd. is a certified member of the Responsible Jewellery Council (RJC). As such, we commit to proving, through independent third-party verification, that we;

a. respect human rights according to the Universal Declaration of Human Rights and International Labour Organization. Declaration on Fundamental Principles and Rights at Work;

b. do not engage in or tolerate bribery, corruption, money laundering or finance of terrorism;

c. support transparency of government payments and rights-compatible security forces in the extractives industry;

d. do not provide direct or indirect support to illegal armed groups;

e. enable stakeholders to voice concerns about the jewellery supply chain; and

f. are implementing the OECD five-step framework as a management process for risk-based due diligence for responsible supply chains of minerals from conflict-affected and high-risk areas.

3. We also commit to using our influence to prevent abuses by others. We carry out regular due diligence on our supply chain to confirm the statements you have made, including but not limited to, checking invoices etc to ensure compliance with the Kimberley Process and WDC system of Warranties via Know Your Counterparty. Concerns regarding our supply chain can be raised by contacting Miss Monrudee Phuekphong at Email: hr@eurothai-argento.com

4. Regarding serious abuses associated with the extraction, transport or trade of minerals:

We will neither tolerate nor profit from, contribute to, assist or facilitate the commission of:

a. torture, cruel, inhuman and degrading treatment;

b. forced or compulsory labour;

c. the worst forms of child labour;

d. human rights violations and abuses; or

e. war crimes, violations of international humanitarian law, crimes against humanity or genocide.

5. We will immediately stop engaging with upstream suppliers if we find a reasonable risk that they are committing abuses described in paragraph 4 or are sourcing from, or linked to, any party committing these abuses.

6. Regarding direct or indirect support to non-state armed groups:

We only buy or sell diamonds that are fully compliant with the Kimberley Process Certification Scheme and, as such, will not tolerate direct or indirect support to non-state armed groups, including, but not limited to, procuring diamonds from,making payments to, or otherwise helping or equipping non-state armed groups or their affiliates who illegally:

a. control mine sites, transportation routes, points where diamonds are traded and upstream actors in the supply chain; or

b. tax or extort money or diamonds at mine sites, along transportation routes or at points where diamonds are traded, or from intermediaries, export companies or international traders.

7. We will immediately stop engaging with upstream suppliers if we find a reasonable risk that they are sourcing from, or are linked to, any party providing

direct or indirect support to non-state armed groups as described in paragraph 6.

8.Regarding public or private security forces:

We affirm that the role of public or private security forces is to provide security to workers, facilities, equipment and property in accordance with the rule of law, including law that guarantees human rights. We will not provide direct or indirect support to public or private security forces that commit abuses described in paragraph 4 or that act illegally as described in paragraph 6.

9. Regarding bribery and fraudulent misrepresentation of the origin of minerals:

We will not offer, promise, give or demand bribes, and will resist the solicitation of bribes, to conceal or disguise the origin of minerals, or to misrepresent taxes, fees and royalties paid to governments for the purposes of extraction, trade, handling,

transport and export of minerals.

10. Regarding money laundering:

We will support and contribute to efforts to eliminate money laundering where we identify a reasonable risk resulting from, or connected to, the extraction, trade, handling, transport or export of minerals.

Signed:    

               (Kannika Supavanichyanon)
                      Managing Director

Date of effect 04/04/2024

Grievance Policy

Eurothai Argento Ltd. has established this grievance procedure to hear concerns about circumstances in the supply chain of Diamond, Coloured Gemstone, Gold, Silver and PGM Jewelry from location or supplier involving conflict-affected and high-risk areas but not limited to bribery, corruption, money laundering, human rights, human trafficking, terrorist funding etc.

On receiving a complaint, we will aim to:

• Get an accurate report of the complaint.
• Explain our complaint procedure.
• Find out how the complainant would like it addressed/ resolved.
• Assess the eligibility of the complaint and, where applicable, decide who should handle it internally. In cases where we are unable to address the complaint internally (e.g. where our company is too far removed from the origin of the issue raised in the complaint), we may redirect it to a more appropriate entity or institution, such as the relevant supplier or industry body.
• Where the issue can be handled internally, seek further information where possible and appropriate.
• Identify any actions we should take including hearing from all parties concerned and monitoring the situation.
• Advise the complainant of our decisions or outcomes.
• Keep records on complaints received and the internal process followed, for at least five years.

Our Compliance Team is responsible for implementing and reviewing this procedure.

Your concerns can be raised by interested parties via email or telephone to:

 

Email: hr@eurothai-argento.com

Tel:02-7270330-8

All information is treated as confidential.

 

                     

ANTI-MONEY LAUNDERING 

K์now Your Counterparty (KYC) Policy

 

This policy confirms Eurothai Argento Ltd.’s commitment to prevent money-laundering and the financing of terrorism in its business practices and transactions. Money laundering is the process of disguising the financial proceeds of crime to conceal their illegal origin. The financing of terrorism is any kind of financial support to those who attempt to encourage, plan, or engage in terrorism.

 The company has established Know Your Counterparty (KYC) procedures to combat money laundering and the financing of terrorism. These procedures allow us to identify every organization that we deal with, to understand the legitimacy of our business relationships and to identify and react to unusual or suspicious activity.

 Miss Monrudee Phuekphong (Accountant) is responsible for development and implementation of this policy and relevant procedures, and a senior management commit to review our KYC policy and procedure every year. To support our KYC policy and procedures, the company has developed a KYC form which we send to all our counterparties (suppliers and customers) to collect relevant business information to identify risks of money-laundering. We require a template to be completed for all existing and new counterparties.

 By collecting and reviewing the information in completed KYC forms, the company commits to

• establishing the identity of our counterparties
• checking that our counterparties are not considered high-risk (this means checking whether counterparties are based in FATF high-risk jurisdictions, named on government sponsored watchlists or international (UN) sanctions lists, or if they source from conflict-affected and high-risk areas (CAHRAs)
• maintaining an understanding of the nature and legitimacy of all our counterparties’ businesses.
• maintaining KYC records for at least five years.
• maintaining records of all single or linked cash (or cash-like) transactions above 10,000EUR
• monitoring transactions for unusual or suspicious activity – this type of activity will cause the counterparty to be considered high-risk.

If counterparties are considered high-risk for any reason, we may

• Cease trading with the counterparty
• Identify the beneficial owners of the counterparty and check whether the beneficial owners are on any watchlists or sanctions list.
• Make an on-site visit to the high-risk counterparty.
• Report suspicious activity to the authority

Signed: