卫星化学(002648):2024年环境、社会及管治（ESG）报告（英文）
原标题:卫星化学:2024年环境、社会及管治（ESG）报告（英文） Steady and Long-Term Growth Excellent Brand for Green Development with People at the Heart12 Strengthening ESG Management 34 Empowering Development through 56 Focusing on Low-Carbon Strategies 84 Safeguarding Employee Rights and Benefits Technology Innovation 15 Compliant and Stable Operations 64 Addressing Climate Change 92 Growing Together with Employees44 High-Quality Products and Services 26 Strengthening Risk Prevention and Control 68 Strengthening Environmental Management 96 Robust Safety Practices 50 Advancing Responsible Procurement Satellite Chemical Co., Ltd. 2024 Environmental, Social, and Governance Report About This ReportAbout This Report This report is the fifth annual Environmental, Social, and Governance (ESG) report of Satellite Chemical The information and data disclosed in the Report are from the Company's statistical information refers to Jiangsu Jiahong New Material Co., Ltd. Satellite Global refers to Satellite Global Chemical (Shanghai) Co., Ltd.No. 196 Fuqiang Road, Nanhu District, Jiaxing, Zhejiang Satellite Industrial refers to Zhejiang Satellite Chemical Industrial Co., Ltd. Province, China Jiaxing Base refers to the Company's production facilities in Jiaxing Science and Technology City National Manufacturing Champion Example Enterprise, National a strategic layout consisting of one Green Supply Chain Management Enterprise, National Green headquarters and three major bases. STL has cultivated a corporate culture with "synergy" Factory, Key National Industry Energy Efficiency "Pacesetter", and as the core value. The Company maintains Custom- Key National Water-Using Enterprises Water Efficiency "Pacesetter".er-Centric, Perseverance and Hard Work, Continuous The Jiaxing Base Improvement, uniting like-minded individuals to Vision enterprise to build and introduce Propane Dehydrogenation (PDH) The Company has developed a "seven-quality" facilities using American UOP technology, establishing an integrated Through the coordination of upstream cadre team characterized by having: cultural belief, C3 industry chain. In recent years, STL has deepened its efforts in and downstream industry chains, strategic vision, responsible commitment, resilient advancing "Management Leadership" and "Technology Leadership", the Company has constructed a sustainable determination, learning and innovation capabilities, relying on technological innovation and modern enterprise system development ecosystem. outstanding performance, and professional stand- construction to continuously maintain the market competitiveness of Awards and Honors Industry Leadership Innovation Leadership Forbes China's 50 Most Innovative National 2023 Industrial Internet Pilot Inclusion in the Shenzhen 100 Index Value Companies Listed Companies Demonstration 5G Factory on the Main Board Shenzhen Stock Exchange, Shenzhen Ministry of Industry and Information Securities Information Co., Ltd. Securities Times Forbes China Technology of the People's Republic of China Selected for Zhejiang's Second Included in the "2024 Zhejiang Artificial Batch of "Eagle Enterprises" Intelligence Application Scenarios List"China's Top 100 New Materials Companies Zhejiang Provincial Department Zhejiang Provincial Department Hurun Research Institute of Economy and Information of Economy and Information Technology Technology ESG Leadership Aona Award for Enterprises First Batch of "Green Leading Enterprises" Outstanding Sustainable Guoxin Cup ? ESG Golden Bull Award with Sustainable Development (Subsidiary Lianyungang Petrochemical Development Practice Case for Contribution received this award) Listed Companies China Securities Journal, China Reform Holdings, Nantong Social Responsibility Conference Municipal Government China Quality Certification Center China Association for Public CompaniesOrganizing Committee Zhejiang's Top 100 ESG China Enterprise ESG "Golden Outstanding Sustainable CSR China Top 100 Performance Listed Companies Responsibility Award" Development Enterprise of the Year – Best Responsibility Progress Award Responsibility 100, Zhejiang Corporate Social Responsibility CSR China Education Award EY Greater China Promotion Association, CCXGF Sina Finance "Rural Revitalization and Social Cailian Press Zhiyuan Award - KPMG China's Second ESG · 50 List Development" ESG Action Award Environmental (E) Pioneer – Outstanding Social Pioneer Enterprise Award Responsibility 100, KPMG Cailian Press CSR China Education Award Satellite Chemical Co., Ltd. 2024 Environmental, Social, and Governance Report Efficient Governance for Steady and Long-Term Growth STL integrates sustainability responsibilities into its corporate development strategy, actively implementing international and national standards. The Company has established a key sustainable development indicator system tailored to its characteristics and has built a closed-loop management system. By strengthening coordination between ESG responsibilities and departmental ESG Management System innovation, and risk resilience, promoting both corporate and broader economic and social sustainability. ESG Governance Structure ESG Risk and Opportunity Management STL has established a top-down ESG management structure consisting of the Board of Directors, the Strategy and ESG Committee, and the ESG Working Group to ensure the comprehensive execution and effective supervision of ESG responsibilities. The Board of STL promotes the identification and assessment of ESG risks in daily operations, incorporating ESG responsibilities into the Directors, as the highest decision-making body, is responsible for reviewing and overseeing the Company's ESG strategy, policies, business management decision-making system. At the same time, the Company is committed to integrating ESG factors into and progress towards goals. The Board of Directors authorizes the Strategy and ESG Committee to guide and supervise ESG investment decision-making, comprehensively evaluating and adjusting relevant variables to optimize investment decision governance work; identify and assess major ESG risks and opportunities; approve major ESG investments and budget expenses; models, thereby achieving long-term and sustainable investment value.provide strategic advice; and supervise the advancement of ESG-related matters. The ESG Working Group, composed of liaison officers from various centers, bases, subsidiaries, and business units, is responsible for comprehensively following up on and The Company incorporates ESG indicators into the performance evaluation system for senior management, which include, but are implementing all ESG-related work. not limited to, key areas such as workplace safety (e.g., number of safety incidents, safety-related penalties), energy conservation and environmental protection (e.g., greenhouse gas emissions, pollutant emissions, energy efficiency management, environmental
? Product Safety and Quality impact significance and financial importance. We identified 8 high material topics, ? Innovation and Research Innovation and R&D Business Ethics 12 moderate material topics, and 3 less material topics. ? Customer Relationship ? WeChat Official Account Product Safety Climate Change ? Product and Service Quality ? Ensuring Product Quality Management ? Customer Visits and Quality Response Assurance ? Improving Service Standards ? Customer Demand Response ? Enhancing After-Sales Services? Privacy and ? Emails Pollutant Emissions and Circular ? Customer Rights Protection ? Innovating Service Initiatives Information Security ? Company Website Waste Management Economy ? Management Chemical Safety Sustainable ? Business Ethics Management Operations Financial I ? Employee Representative Meetings ? Enhancing Compensation Moderately Material Topics ? Employee Rights ? Employee Activities and Benefits ? Occupational Health ? Engagement Surveys ? Strengthening Employee Privacy and Corporate ? Good Working Environment and Safety ? Employee Suggestion Representation Information Security Governance ? Employee Growth and Development ortanc ? Robust Communication Mechanisms and Development ? Employee Discussion Panels ? Offering Diverse Training ProgramsClean Customer ? Salary and Benefits Protection ? Privacy and Information ? Employee Conversations ? Organizing Employee ActivitiesTechnology Relationship Security ? Employee Supervision ? Creating a Healthy and Safe Work Development Management to ? Bulletin Boards Risk Management Employee Training and Development Com ? Long-Term Cooperation Maintenance Compliance Supply Chain Energy ? Supplier Conferences ? Business Ethics Compliance ? Transparent Bidding Processes Management Management ? Supply Chain Management ? Hotline ? TransparentJust, and Fair ny ? Industry Development ? Regular Visits Procurement ? Promoting Environmental and Industry Employee Rights Water Resource ? Business Ethics ? Company Website ? Win-Win Development Partnerships Management Associations ? Reporting Channel ? Sustainable Supply Chain ? Industry Association Participation Occupational Health Ecological Development ? Industry Knowledge Sharing and Safety Protection ? Responsible Operations ? Active Participation in Public Welfare? Social Welfare Promotion ? Public Welfare Activities ? Community Culture Building ? Implementing Assistance Programs? Industry Development ? Media Reports Less Material Topics ? Public Welfare Support ? Supporting Community Public and ? Business Ethics ? Open Days ? Environmental Protection Development ? Corporate Governance ? WeChat Official Account Media Industry Development Digital ? Information Transparency ? Advocating Green Initiatives Impact Importance to the Economy, Society, and Environment ? Sustainable Operations ? Hotline Promotion Transformation ? Effective Communication ? Maintaining Strong Media Satellite Chemical Co., Ltd. 2024 Environmental, Social, and Governance Report Efficient Governance for Steady and Long-Term Growth The Company fully considers factors such as gender, age, professional expertise, and industry experience when selecting board members, Corporate Governance ensuring a diverse board composition while meeting various business needs. As of the end of the reporting period, the board consists of nine members, including three executive directors. The age distribution includes six members born in the 1960s, two in the 1970s, and Governance System one in the 1980s. This diverse age structure combines extensive experience with fresh perspectives, bringing vitality to the team. Each independent director has substantial industry experience, with professional backgrounds spanning finance, law, chemical engineering, STL emphasizes the effectiveness and transparency of corporate governance. The Company strictly complies with the Company Law and ESG, providing the Company with a broader and more diverse perspective. Additionally, the board values female leadership and of the People's Republic of China, the Securities Law of the People's Republic of China, the Code of Corporate Governance for Listed continuously promotes independence and diversity in the governance of the board. The presence of two female directors further enriches Companies,and other relevant laws and regulations. In accordance with the selection procedures stipulated in the Articles of Association the board's decision-making approach. of Satellite Chemical Co., Ltd., the Company nominates and elects directors. The Company places great importance on information disclosure, responding to the new "Nine National Guidelines," with the premise of safeguarding shareholder interests and delivering Remuneration sustainable returns. It strictly follows the requirements of the Administrative Measures for Information Disclosure of Listed Companies and Academic Background & Audit Nomination Strategy & ESG Name Gender Position Age & Appraisal Industry Experience Committee Committee Committee other applicable laws and regulations to ensure that Company information is disclosed truthfully, accurately, and completely. To further Committee regulate related party transactions, the Company has formulated the Related Party Transaction Decision-Making Policy which clarifies Yang Chairman, the approval procedures and disclosure requirements for related transactions. The Company ensures timely and accurate disclosure of Male 56 Business Manage / / Member Convener Weidong President relevant information, including the nature, amount, conditions, and impact of transactions. It also conducts regular independent audits to ensure compliance, fairness, and authenticity of transaction pricing, preventing any transfer of benefits. Ma Business Management and Male Vice Chairman 60 / / / Member Guolin Chemical Industry The Company has established and continuously optimized a governance structure composed of the General Meeting of Shareholders, the Board of Directors and its specialized committees, the Supervisory Board, and senior management to ensure stable operations and Yang Business Management and fully protect shareholder rights. The Board of Directors has an Audit Committee, a Remuneration and Appraisal Committee, a Nomination Female Vice Chairman 63 / Member / / Yuying Chemical Industry Committee, and a Strategy and ESG Committee. Each committee has clear responsibilities and work processes to ensure the effective operation of the Board, enhance decision-making expertise, reduce risks, and maximize shareholder value. Zhu Director, Vice Business Management and Male 59 / / / Member Xiaodong President Chemical Industry The Audit Committee is composed entirely of independent directors and is responsible for overseeing the Company's financial reporting and internal controls to ensure the fairness and compliance of related transactions. The Remuneration and Appraisal Committee is Director, Vice Business Management and responsible for formulating and assessing the Company's Remuneration policies and evaluation standards for directors and senior Gao Jun Male 55 / Member / / President Chemical Industry management. The Nomination Committee provides recommendations on the selection criteria and procedures for directors and senior management and reviews their qualifications. The Strategy and ESG Committee, established as a specialized department by the Board of Independent Risk Management, Financial Directors in accordance with relevant resolutions, is primarily responsible for studying and making recommendations on the Company's Wu Yi Female 39 Convener Member / Member Director Management, and ESG Guo Independent Chemical Industry and Male 51 Member / Member / Baitao Director Intellectual Property with clear responsibilities, checks and balances, which ensures decision-making, execution, and supervision, ultimately promoting the Satellite Chemical Co., Ltd. 2024 Environmental, Social, and Governance Report Efficient Governance for Steady and Long-Term Growth Governance Strategy Impact and Risk Management Based on the overall "Management Leadership" plan, STL organizes its various centers, bases, subsidiaries, and business units to STL has identified the following key risks in its business operations and has implemented measures for effective risk control: address the strength of Optimizing Management Efficiency management? With the goal of achieving "Management Leadership", by improving work processes, decision-making mechanisms, and financial management regulations, the Company has established a governance structure with clear responsibilities, checks and 04 balances, which ensures decision-making, execution, and supervision, ultimately promoting the modernization of corporate governance capabilities and standards. How can we balance "efficiency first while considering risks" to address the precision of management? By benchmarking against industry To establish a structured approach where "processes govern affairs and regulations govern leaders, the Human Resources people", the Company follows a "draft, review, learn, implement, assess" methodology. Center takes the lead in organizing During the reporting period, it focused on building a "0-1" system, developing the 12418 Transformation in Transformation in visits to top-performing enterprises, system (1 framework, 2 levels, 4 major systems, and 18 policy categories). Adhering to Ideology and Concept Organizational Structure learning from best practices and five standardization principles—unified management, unified standards, unified norms, aiming to become a benchmark unified templates, and unified processes—the Company issued governance regulations Achieve leadership in ideology Adhere to the flat management 01 itself. and built a closed-loop policy management mechanism.02 and establish systematic reform approach of "small thinking. headquarters, large industries." Four Key Management Transformations Transformation in Transformation in To foster a culture of "sincere communication and To balance "efficiency first while considering risks" and ensure "goal Assessment Orientation Management Approach efficient collaboration", the Company applied the alignment and execution implementation," the Company optimized approval "Three-Degree Working Method" and designed a processes for the CEO and department heads and conducted inspections on Strengthen incentives, competition, and Accelerate the institutionalization, 04 top-down cultural implementation framework.The 03 the implementation of system promotion and execution. On the premise of elimination mechanisms to enhance standardization, and process-Company established communication mechanisms, ensuring effective risk control, it enhanced approval efficiency and improved departments' enthusiasm for "problem- oriented development to ensure represented by joint meetings and coordination the execution of institutional policies. At the same time, each center, base, solving and value creation." "inspection with clear criteria and conferences, while conducting cultural promotion subsidiary, and business unit continued management enhancements tailored assessment with data." and experience-sharing activities to enhance to their operational needs. management effectiveness. Satellite Chemical Co., Ltd. 2024 Environmental, Social, and Governance Report Efficient Governance for Steady and Long-Term Growth Congress of the CPC, integrity education, the rejuvenation and rural revitalization, enhancing Measures, and Anti-Corruption and Anti-Bribery Management System.Through these measures, STL fosters a culture of honest Strengthening Party Building business conduct, maintaining a zero-tolerance stance on corruption.The Audit Committee serves as the highest governing body for business ethics matters, overseeing and regularly reviewing policies, STL established the "Xinghe Party Building" brand, integrating Party leadership with corporate development while aligning with issues, and risks related to business ethics and anti-corruption. The committee ensures that the Company conducts at least one Company culture. The Company adheres to the principle of "Unity in Heart" to consolidate corporate strength, the principles of "Unity business ethics audit annually, covering all operating locations and business activities. STL's Integrity Management Task Force leads in Strength" to drive business growth, and "Unity in Harmony" guide green development. STL has developed a Party-Union-Youth- anti-corruption awareness initiatives, establishes relevant strategic objectives, evaluates management performance, and receives and Women joint construction system, adhering to the principle of "all work reaches the grassroots". As the Company expands capital, processes corruption-related reports. To strengthen anti-corruption and integrity supervision, the Audit and Supervision Department projects, and industry chains, it simultaneously optimizes Party organization structures to ensure a leadership role in corporate conducts at least one annual risk assessment of key business activities, while all centers, bases, subsidiaries, and business units growth. In 2024, based on Company situation, the Party Committee aligned Party-building efforts with business operations, fostering conduct quarterly reviews to identify high-risk areas and propose preventative measures. Upon receiving whistleblower reports, the an integrated "Party Building + Business" framework. The Company implemented synchronized planning, deployment, execution, Audit and Supervision Department investigates allegations, recommends actions, and tracks implementation of corrective measures. and evaluation of Party building and business initiatives, actively exploring approaches such as "Party Building + Market Expansion," The HR Department integrates ethical work into performance evaluations and provides integrity training for new employees. The "Party Building + Cost Control," "Party Building + Frontline Engagement," and "Party Building + Workplace Safety." heads of each center, base, subsidiary, and business unit implement the "dual responsibility" principle by promoting integrity within The Company has one secondary Party committee, one general Party branch, and 14 Party branches. As of December 31, 2024, the their respective units, ensuring the implementation of anti-corruption measures, promptly reporting any corruption issues to the Satellite Chemical Co., Ltd. 2024 Environmental, Social, and Governance Report Efficient Governance for Steady and Long-Term Growth Additionally, the Company has established an accountability system for supervision and inspection and further refined its accountability Impact and Risk Management mechanism for supervision and inspection. Any failure to fulfill responsibilities or actions that cause financial losses to the Company will STL enforces zero tolerance for violations of business ethics. The Company has established and strictly adheres to the be strictly addressed according to the system, with a tiered accountability approach based on the severity of the violation. The CEO's Whistleblowing and Complaint Management Policy, standardizing reporting channels and procedures. It follows the principles of Office is responsible for overseeing the entire process. At the same time, the Company upholds the principles of fairness, impartiality, evidence-based investigations, factual accuracy, and thorough investigation to ensure that all complaints and reports are handled equality, and transparency, ensuring that every employee has the right to report concerns to senior leadership, Company management, promptly and effectively. STL encourages employees, suppliers, customers, and other stakeholders to report any observed the Disciplinary Committee, or the Audit and Supervision Department.misconduct related to business ethics. The Company provides multiple transparent reporting channels, including letters, hotline calls, emails, in-person reports, or third-party submissions. Once a credible report is received, STL immediately develops an In addressing unfair competition risks unfair competition risks, the Company has adopted a series of proactive strategies. Through investigation plan, conducts a thorough inquiry, and imposes strict disciplinary actions upon confirming violations, making sure the market research, competitor analysis, and other methods, STL closely monitors market trends and the marketing strategies of industry matters are seriously handled. To protect the rights of the whistleblowers, STL has explicitly stated in its policies that, within legal peers, enabling the Company to anticipate and detect potential unfair competition. If another Company engages in unfair competition and regulatory limits, it will maintain strict confidentiality of the whistleblower's identity and report details. Any form of retaliation against STL, the Company can promptly develop and implement targeted countermeasures, including taking legal action to demand against whistleblowers is strictly prohibited. During the reporting period, STL experienced zero corruption-related lawsuits. the immediate cessation of infringement and actively safeguarding its legitimate rights and interests. case analysis and risk identification teaching. 0573-82058220 [email protected] Integrity Management Task Force, STL, Case Anti-Fraud and Anti-Money Laundering Training No. 196 Fuqiang Road, Nanhu District, Jiaxing City, Zhejiang Province, Chinareports and anonymous reports with The investigated individuals must decision, they may file an appeal sufficient factual evidence. provide truthful evidence while with the Integrity Management Task maintaining strict confidentiality Force within 10 days of receiving the regarding the investigation. investigation results and provide supporting materials. Integrity Audits To effectively identify and mitigate integrity risks, STL conducts annual anti-corruption risk audits covering key business areas Anti- Total hours of Total number of Number of board Percentage of board corruption business ethics business ethics members trained in members trainedCase Marketing Compliance Promotion 100% |
