On behalf of the Board, I am pleased to present to you the Sustainability Report of China Sunsine Chemical Holdings Ltd. (“China Sunsine”, together with its subsidiaries, collectively the “Group”) for the financial year ended 31 December 2017 (“FY2017”) based on the core elements of G4 guidelines of the Global Reporting Initiative (GRI).
Environmental protection, safety in production and social responsibility are part of everyone’s job at China Sunsine. Sustainable development is already integrated into the way we conduct our business.
Last year, the Group aligned itself with the Sustainability Reporting Guide as set out in Practice Note 7.6 of the Mainboard Listing Rules of the Singapore Exchange Securities Trading Limited (SGX-ST) to issue its inaugural sustainability report for financial year ended 31 December 2016 in accordance with the GRI guidelines. This was ahead, by more than a year, of SGX’s deadline of up to 12 months from the financial year ended 31 December 2017 for listed companies to issue their first sustainability reports. The move was to provide the Group with more time to refine its Sustainability Reporting before the relevant listing rule comes into force. The inaugural report has received positive feedback from shareholders, institutional investors and the SGX. Such feedback has been taken into account in the preparation of the current sustainability report.
Since its listing in 2007, the Group has, in its pursuit for growth, placed strong emphasis on its environmental protection, safety in production, technological innovation, staff training and responsibility to the society. The Group views environmental protection and workplace safety as its core missions, constantly enhancing awareness of safety and environmental protection among its staff. In implementing the systems to comply with the relevant laws and regulations, the duties and performance targets of each staff are clearly defined. More than one-third of the Group’s fixed asset investment is for environmental protection and safety. The Group has also actively embarked on technological innovation, starting with emission reductions, better control over the sources of pollutants, implementing clean production processes and recycling, to achieve compliance with the discharge standards of wastewater and gas emission. These measures have enabled the Group to be more effective in its production process and management of waste and pollution than its peers.
This report sets out what we have done in the past one year in the economic, environmental and social aspects of our business, as well as the measures adopted to achieve sustainable development. Environmental protection, safety in production and social responsibility are part of everyone’s job at China Sunsine. Sustainable development is already integrated into the way we conduct our business. We know more can and have to be done and look forward to your valuable suggestions to aid us in improving our sustainability results.
Xu Cheng Qiu