Sustainability
Our ESG Practices
Our ESG Practices
Our ESG Practices
As part of our Group’s commitment to ensuring environmentally responsible operations, providing a conducive workplace for employees and adopting a high standard of corporate governance, our Group has adopted environmental, social and governance practices, as outlined below:
Environmental
Our Group has adopted the best practices for our business operations such as:
Optimising manufacturing processes to minimise resource consumption, such as water, energy and raw materials to reduce environmental impacts.
Implementing waste reduction initiatives, recycling programmes and responsible disposal methods for hazardous materials and by-products to reduce waste generation and disposal costs.
Investing in technologies and practices to reduce greenhouse gas emissions and air pollutants associated with business activities.
Promoting the use of more environmental-friendly chemicals and additives that have lower environmental impacts for customers’ use in the O&G industry.
Ensuring strict adherence to environmental regulations and standards, including those concerning emissions, air quality and hazardous waste handling.
Regularly assessing and reporting environmental performance indicators to the authorities.
Since 2022, we have consistently demonstrated transparency by reporting our climate-related data through the CDP Climate Change Questionnaire each year. Additionally, we uphold our commitment to responsible business practices by submitting the United Nations Global Compact (UNGC) Communication on Progress (CoP) annually.
Social
Our Group has adopted the following social practices:
Prioritising worker safety through regular safety training, adherence to safety protocols and maintaining a safe work environment to prevent accidents and injuries.
Promoting employee health and well-being by offering benefits, team building programmes and a positive workplace culture.
Fostering a diverse and inclusive workforce, with policies and practices that promote equal opportunities and diversity in hiring and promotions.
Engaging with local communities and stakeholders to address concerns, share information and contribute positively to the neighbouring communities where our Group operates.
Complying with labour laws, including fair wages, working hours and fair compensation where applicable.
Upholding human rights among stakeholders.
Governance
Our Group has adopted the following governance practices:
Establishing and enforcing ethical business conduct, including anti-bribery and corruption policy, whistle-blowing policy and grievances procedure.
Providing transparent reporting on environment, social and governance (ESG) practices’ performance, financial data and operational performance indicators to the key management and stakeholders, if applicable.
Ensuring that the board of directors provides effective oversight of sustainability-related risks and opportunities.
Identifying and managing operational, financial, sustainability and reputational risks related to the manufacturing processes and products.
Ensuring compliance with industry-specific regulations and standards, especially those related to the manufacturing of chemicals and additives.
Promoting responsible sourcing and procurement practices, including assessing and mitigating risks in the supply chain.
Investing in R&D to create environmental-friendly and sustainable chemical products.
Collaborating with investors, customers, employees and other stakeholders to understand and address their environment, social and governance practices concerns and expectations.
Ensuring that product marketing and advertising practices are accurate and ethical, as well as compliant with industry regulations.
Implementing data security and privacy measures to protect sensitive information, especially when dealing with proprietary formulations or customer data.
Ensuring compliance with occupational health and safety guidelines to guide governance and operational practices.