Sustainability
2030 ESG Strategy Framework
ESG issues are a key focus for the Group in its operations and strategic planning as it continuously works to integrate sustainability deeply into corporate growth. In early 2021, our Sustainability Committee set out the “10-Year Sustainability Plan” for 2021–2030, which centers on three main themes: supply chain management, environmental protection, and social responsibilities. This plan emphasizes the Group’s long-term commitment to sustainable development through embedding environmental and social priorities into its business model.
Throughout the year, we have reviewed and enhanced our “10-Year Sustainability Plan” and upgraded it to the “2030 ESG Strategy Framework” with the vision of becoming the frontrunner in sustainability. Based on a solid foundation of our corporate governance, the framework focused on three main pillars and eight key goals, aiming to demonstrate our commitment to integrating environmental protection and social responsibility into the core of our business development and corporate responsibility. We are also considering including ESG-related strategic objectives in the performance assessment of our management to enhance accountability and to further drive sustainable practices within our business operations.
In alignment with China’s national climate targets to reach a carbon emissions peak by 2030 and achieve carbon neutrality by 2060, we have incorporated targets to achieve carbon neutrality as part of our climate action on the framework. In addition, the Group has further standardized our chemical management, promoting waste recycling and actively addressing climate change by implementing energy-saving and emission-reduction measures.
To drive a sustainable value chain, the Group strives to use sustainable materials, minimize resource consumption and waste, and request our suppliers to comply with the requirements in the Group’s supplier corporate social responsibility management manual. Through these efforts, we aim to strengthen long-term partnerships that contribute to environmental stewardship and social responsibility.
The Group upholds a people-centered philosophy and is committed to creating a healthy, safe and diverse working environment. We also actively promote fitness activities to foster a high-quality development of sports in China. By developing a workplace culture of well-being and inclusivity, we strive to cultivate a supportive workplace that encourages personal growth and enhances community engagement.
For details on the targets, please refer to section — Focus areas and progress of sustainability targets.
Focus areas and progress of sustainability targets
Supporting the SDGs of the United Nations
The Group is committed to conducting our business in a socially and environmentally responsible way. As part of the global community, we acknowledge our responsibility to create a positive impact by supporting the United Nations SDGs. These goals provide a roadmap for businesses, governments, and societies to work towards a more sustainable future by 2030.
The Group has adopted the SDGs as a reference for our sustainability practices and identified eight SDGs that are closely related to our “2030 ESG Strategy Framework”. These SDGs are illustrated below, highlighting our actions with sustainable development objectives.
During the year, we strengthened our commitment to corporate sustainability by becoming a participant member of the United Nations Global Compact, and are committed to the ten principles covering human rights, labor standards, environment and anti-corruption. This commitment not only aligns with our sustainability values but also underscores our dedication to responsible and ethical business practices.
2 The Sustainable Development goals are 17 interconnected goals set up by the United Nations in 2015. Serving as the blueprint to achieve a better and more sustainable future for all, the 17 goals cover economic, socio-political, and environmental targets to be achieved by 2030.
