Privacy and Personal Data Protection
At Sagar Speciality Chemicals Private Limited, our commitment to privacy and personal data protection is at the core of our ethical principle of Respect. We respect each other and the interests of the individuals and organizations. We engage with and others about whom we process data. We believe that personal data governance; purpose limitation; transparency; honouring individual rights, choices, preferences, and decisions; personal data security; and stewardship of personal data transfers are foundational to delivering meaningful mitigation of privacy and personal data risks to the individuals whose data we process in connection with our business. As an accountable data steward, we incorporate these standards throughout the lifecycle of activities we undertake, from the moment we engage with individuals or acquire personal data until the activity ends or personal data no longer exists or is no longer under our control.
This Policy Statement describes our baseline principles and operating standards for personal data protection processing and privacy across our business. This Policy Statement provides a framework for compliance and effective risk management under privacy and data protection laws, rules, and regulations globally that relate to personal data, communications to or with individuals, and the decisional privacy rights of individuals. This Policy Statement sets the floor for personal data protection and privacy at Sagar Speciality Chemicals Private Limited. Where an applicable law, rule, regulation, contractual obligation or other policy requires a higher standard, we will follow the requirements of that law, rule, regulation, contract or policy.
Principles and Operating Standards
The following eleven Principles and Operating Standards guide the way we work to meet our Policy Commitment throughout our business activities lifecycle.
- Personal Data Classification: Personal data assets must be classified in accordance with the requirements of applicable laws.
- Data Processing Management: All processing of personal data must have a legitimate business purpose that is recorded as the processing purpose for that personal data.
- Personal Data Minimization: We only collect and use the personal data we need to support specific, defined, and documented business purposes.
- Permitted Data Processing and Purpose Limitation: We ensure that personal data is only processed by or on behalf of Sagar Speciality Chemicals Private Limited as permitted by applicable laws.
- Data Accuracy, Quality, and Integrity: We evaluate our assets containing personal data to ensure that they are kept sufficiently accurate, complete, relevant, and up to date.
- Personal Data Transparency: We are transparent about our personal data practices and processing.
- Complaints and Individual Rights: We respect individual concerns about privacy and their privacy and data protection rights.
- Personal Data Retention: We keep personal data only as long as needed for documented legitimate business purposes, including as needed to maintain necessary business records based on our legal obligations.
- Data Security and Incident Reporting: We maintain appropriate administrative, physical, and technical safeguards to protect personal data from loss, misuse, unavailability, and unauthorized access, disclosure, alteration, or destruction.
- Disclosure to Third Parties: We only work with suppliers, other vendors, alliance parties, and acquisition targets that agree to meet our privacy and personal data protection standards and have demonstrated their commitments to us.
- Cross-Border Transfer: We only transfer personal data across country borders as permitted by applicable laws