NVG

Principle 1: Businesses should conduct and govern themselves with ethics, transparency and accountability
Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle
Principle 3: Businesses should promote the wellbeing of all employees
Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalised
Principle 5: Businesses should respect and promote human rights
Principle 6: Businesses should respect, protect, and make efforts to restore the environment
Principle 7: Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner
Principle 8: Businesses should support inclusive growth and equitable development
Principle 9: Businesses should engage with and provide value to their customers and consumers in a responsible manner

The ‘Apply-or-Explain’ principle  encourages companies to do three things:

1. Disclose the current status of sustainability driven performance at whatever stage that may be.
2. Disclose reasons for non-adoption of any of the principles, which may include non-applicability as per their understanding, or future plans of implementation.
3. Ideally undertake a process of review to identify and manage sustainability gaps and risks in line with the future outlook of the company.