Sinochem Group considers CSR to be part of the company's genes. We integrate CSR into our values, mission, and vision, as well as in all business operations and embed it in cooperation with our stakeholders, allowing us to realize an organic combination of CSR andbusiness management.
CSR Management System
Sinochem Group attaches great importance to CSR work, and has set up a CSR management system that covers Sinochem headquarters and our subsidiaries, which attempts toin corporate CSR management into our day-to-day operation.
Sinochem has established a CSR Committee to administer overall CSR work of the whole group, such as reviewing CSR plans and management mechanisms, and discussing major CSR items. This Committee consists of senior executives and heads of functional departments. Under the Committee, there is a CSR Office in charge of management systems, making CSR work plans, organizing CSR activities and external CSR exchange and communication, and compiling and publishing the Sinochem Sustainable Development Report.
Sinochem pays high attention to communication with our stakeholders. Through setting up a CSR column on our company website and releasing the Sinochem Sustainable Development Report, we have enhanced the disclosure on our CSR work, trying our best to build positive and interactive relations with our stakeholders. By analyzing the significance of CSR items for our company and our stakeholders, we can identify key items to better meet stakeholder expectations.
We are also actively promoting our subsidiaries' CSR work. Sinochem International and Sinofert have been publishing their CSR reports for many years, and will continue to do so in the future. Other subsidiaries are preparing to compile their CSR reports.
Sinochem is a member of the United Nations Global Compact (UNGC). Starting in 2010, Sinochen has started delivering its statement of progress toward the UNGC principles. In August of 2010, given the important nature of the company's CSR report in communicating stakeholder information and progress toward meeting UNGC principles, Sinochem CSR Report 2009 won the 2010 UNGC "Chinese CSR Model Report Special Style" award.