Corporate Governance

1 3

STATEMENT OF THE BOARD ON ESG MATTERS



In the context of the deteriorating environment today, the promotion of green and low-carbon development has become a global trend. Green development is not only a social responsibility to be fulfilled by listed companies, but also an internal requirement for cost reduction and efficiency enhancement. It is of vital significance to the survival and sustainable development of SITC. As an integrated logistics service provider in Asia, the Company upholds the business principle of being a responsible enterprise and the tenet of balancing business development with corporate social responsibilities. Striving to incorporate the sustainable development concept into its day-today operation and major business decision making, the Company has been committed to creating a long-term value for its shareholders, customers, employees, supply chain partners and the public and delivering a positive influence.

The Company is committed to fulfilling the international safety management rules and shares the objectives of ensuring safety at sea, preventing human injury or loss of life, and avoiding damage to the environment (especially to the environment at sea) and to the loss of property under the rules. Accordingly, the Company has formulated the safety and environmental protection policy of “ensuring safety, protecting the environment, safeguarding health” and the efficiency policy of “energy conservation and emission reduction, high efficiency and low consumption” Upholding the philosophy “Personnel is SITC’s asset. Only by cultivating top-calibre employees can we provide first-class services to customers, create first-class value and achieve sustainable development” as its core value, the Company has continuously improved its employee selection, training, development and incentive systems, and taken the initiative to share corporate development and growth with employees to enhance their cohesion. Working with qualified suppliers, the Company has flexibly and rapidly met the increasingly individualized logistics needs of customers to ensure they respond to changes in supply chain efficiently and jointly resolve the supply chain problems in economically underdeveloped countries and regions, thereby striking a balance between commercial value and social value. The Company undertakes to follow relevant industry conventions and regulations as well as other laws and regulations regarding economics, human rights, personal privacy, competition, etc., and provide customers with quality services under the lawful framework.

The Company undertakes to abide by the following code of conduct and proposes the following initiatives to all parts of the Company's supply chain as a code of conduct:

 

² Comply with relevant environmental regulations, reduce waste gas and greenhouse gas emissions, set carbon reduction targets and publish relevant data.

²  Protect natural resources, try to use green energy and environmentally friendly raw materials, and use various energy sources effectively,commit for no-deforestation in operational activities.

²  Protect biodiversity, as far as possible to reduce or avoid the company business the negative effects on biodiversity.

²  To comply with relevant laws and regulations, and to formulate appropriate policies regarding pay and dismissal, recruitment and promotion, working hours, leave, equal opportunity, diversity, anti-discrimination and other benefits and benefits.

²  Provide a safe working environment to protect employees from occupational hazards. Provide training opportunities for employees to enhance their knowledge and skills in performing their job responsibilities.

²  Child labor and forced labor are prohibited.

²  Adopt green environmental protection supply chain, set requirements on suppliers' performance in environmental protection, provide customers with safe and environmentally friendly products, and protect customers' privacy.

²  Firmly oppose bribery, extortion, fraud and money laundering, and formulate effective measures to prevent.

²  Actively participate in social welfare undertakings.