1. Introduction
Picolab Technologies Ltd. (hereinafter referred to as ‘Picolab’ or ‘the company’) strives to be a leading provider in the scientific instruments and solutions sector, offering top-quality products in a cost-effective, efficient, and environmentally responsible manner.
As with any organization, Picolab faces potential risks that could interrupt key business functions. In the event of such disruptions, Picolab is dedicated to safeguard the well-being of all stakeholders, employees, clients, and business partners, while continuing to operate and deliver services at agreed-upon performance levels.
The Executive Management of Picolab will take proactive measures to ensure the resilience and stability of the company by anticipating and addressing incidents that may cause major operational setbacks. This approach protects the interests of our workforce, customers, the environment, suppliers, and shareholders, enabling the company to maintain continuity during disruptive events.
2. Policy Statement
Picolab Technologies Ltd. is committed to maintaining a resilient and responsive Business Continuity Management System (BCMS).
Our policy is built on the principles outlined in ISO 22301:2019, which serves as the foundation for our approach to identifying, mitigating, and responding to risks that could disrupt critical operations.
3. Policy Objectives
a. Risk Identification and Management
We actively identify and evaluate both internal and external risks, considering present and future threats that could potentially disrupt essential business functions. Steps are taken to minimize these risks and their impact.
b. Preventive Measures
Picolab has implemented proactive business continuity strategies for all departments, ensuring alignment with the National Disaster Management Authority (NDMA) guidelines on disaster preparedness and mitigation.
c. Resource Allocation
Adequate resources are allocated to ensure that critical business functions continue during emergencies, or that recovery times are minimized for essential operations.
d. Stakeholder Assurance
We continuously work on improving internal systems to demonstrate resilience to our stakeholders, including clients, suppliers, and partners, ensuring their confidence in our ability to maintain operations under any circumstances.
e. Legal and Regulatory Compliance
Picolab adheres to all relevant laws, regulations, standards, and statutory requirements applicable to our business operations.
Our business continuity practices are compliant with ISO 22301:2019, ensuring adherence to globally recognized best practices.
f. Continuous Improvement
We are committed to the regular review and enhancement of our Business Continuity Policy to ensure it remains relevant and effective in addressing emerging risks and evolving business needs.
g. Communication and Training
Picolab ensures that the Business Continuity Policy is well-communicated across the organization, conducting regular training sessions for key personnel and performing drills and internal audits to test and improve our preparedness.
4. Business Continuity Measures
a. Fire Safety
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Fire extinguishers are strategically placed throughout the building, with clear markings for easy access.
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Fire alarms are installed at critical points to facilitate quick evacuation in the event of a fire emergency.
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Regular fire drills are conducted to ensure that employees are familiar with evacuation procedures.
b. Natural Disasters (Earthquakes and Floods)
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Toughened glass windows are installed to protect the office from hurricanes and severe storms.
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The office building is elevated, and all operational areas are located on the upper floors of the building, minimizing flood risk.
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Periodic drills are held to educate employees on safety protocols in the event of an earthquake.
c. Business Viability
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Picolab operates within the dynamic scientific instruments sector, continually exploring emerging trends and technologies to expand its service offerings.
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The company regularly assesses market opportunities to mitigate risks associated with overexposure to any specific segment or client.
d. Utility Supply Interruptions
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The office building complex is equipped with 100% power backup to maintain operations during power outages.
e. Epidemics and Pandemics
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The response to an epidemic will be determined based on the nature of the threat, with protective measures aligned with government guidelines.
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The company encourages employees to follow local and central authority recommendations and offers support to ensure compliance.
5. Commitment to Stakeholders
Picolab remains committed to the protection and well-being of its employees, clients, suppliers, partners, and the community. Through continuous monitoring, training, and improvement, we ensure our ability to maintain operations and deliver services even in the face of disruption.