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Critical issues and SDGs

Key
Issues
and
SDGs
The main step of stakeholder engagement 2023
Identify the stakeholder
Prioritize and Analyze
Map out the stakeholder engagement plan
CGPC adheres to the AA1000 Stakeholder Engagement Standards (SES) for stakeholder engagement. We assess the governance, economic, environmental and social issues and the impact on stakeholders, considering factors such as responsibility, influence, dependency, diverse perspectives and tensions. We conduct surveys using an online questionnaire targeting key stakeholders such as department managers. The results are then systematically organized using a weighted average scoring system. Based on this assessment, the identified stakeholders are ranked as follows: 1. Employees, 2. Customers, 3. Government agencies, 4. Suppliers/contractors, 5. Investors.
Stakeholders’ identity information, issues of concern, communication channels and response methods are submitted to the Board of Directors every year.
Stakeholders’ identity information, issues of concern, communication channels and response methods are submitted to the Board of Directors every year.
Communications and response to Stakeholders
  • Employees are the foundation of our sustainable development. We pay attention to the employment criteria, remuneration and benefits, training and evaluations and equal opportunities for promotion, while providing a grievance mechanism.
    • Communication channel / Frequency
      Performance interview / Half year.
      Labor-management meeting / Monthly.
      Union labor representative assembly / Annually.
      Employee grievance mailbox processing / Anytime.
      Bulletin board and email/anytime.
      Various work review meetings/ Weekly, Monthly, and Quarterly.
      CGPC Family Newsletter /Every two months.
      Management Meeting / From time to time.
    • Issue of concern
      Economic performance.
      Human Rights and Labor-Management Relations.
      Occupational Safety and Health.
      Talent Development and Cultivation.
    • Summary of CGPC’s response
      In accordance with the Consumer Price Index and individual performance, the salary adjustment for 2023 is approximately 3.03% on average for employees.
      The labor union holds regular meetings to communicate with employee representatives and signs a human rights protection policy with the company. The employee participation rate in the union reaches 93%,and sign a human rights policy.
      The Occupational Safety and Health Committee meeting is held quarterly and a total of 19 critical occupational safety issues were discussed in 2023.
      Recognized as an excellent training institution in the Taoyuan, Hsinchu, and Miaoli regions by the Workforce Development Agency of the Ministry of Labor, we received a total of 249 subsidies in 2023. The total training hours were 67 hours and the subsidy received amounted to NT$59,300.
      Management Meetings were held on the following dates 2022/11/19, 2023/01/30, 2023/02/08, 2023/02/04.held in Toufen, Linyuan plant and Taipei.
  • Customers are CGPC's primary source of revenue. We actively engage with our customers, listening to their needs and collecting market information to ensure that we promptly deliver products and information that align with their demands.
    • Communication channel / Frequency
      Sending samples / From time to time.
      Product exhibition / From time to time.
      Visits, phone calls, emails, video conferences / Anytime.
      Client satisfaction survey / Annually.
      Client feedback and complaint response form / Anytime.
      CGPC Family Newsletter /Every two months.
    • Issue of concern
      Client relationship management.
      Technology Research and Development.
      Product Quality.
    • Summary of CGPC’s response
      Through the annual client satisfaction survey, we gain insights into clients'opinions. In 2023, 98.7% of the clients who responded to the survey rated their satisfaction as “Satisfied” or above, surpassing the target of 90%.
      New rubber products in 2023: PVC rubber and TPE environmentally friendly material. The sales accounted for 4.9% and 0.8% of the revenue of this product category, respectively.
      In 2023, a total of 37 quality improvement proposals were implemented, resulting in derived benefits amounting to NT$245.6 million. The derived benefits increased compared to the previous year.
  • Comply the relevant laws and regulations of government agencies, actively cooperate with the implementation of government policies and actively engage in two-way communication to gain its trust, support and collaboration opportunities.
    • Communication channel / Frequency
      Meet with regulatory authorities or correspondence with official documents / From time to time.
      Dispatch of employees to participate in public hearings, coordination meetings or regular meetings / From time to time.
      Market Observation Post System /Release as required.
      CGPC Family Newsletter /Every two months.
    • Issue of concern
      Climate Change and Energy Management.
      Water Resources Management.
      Air Pollution Control.
    • Summary of CGPC’s response
      There were no environmental penalties in 2023, the improvements have been completed, and we did not violate regulations in terms of product services, client relationships, and/or labor and human rights.
      (1) Implemented Management System:
      Item CGPC TVCM CGPCP
      ISO-50001 Energy management system verification ✓ ✓ ✓
      ISO 14046-1 Greenhouse Gas Inventory ✓
      (Added Scope 3)      		 ✓
      (Added Scope 3)      		 ✓
      (Added Scope 3)
      ISO 14067 Product Carbon Footprint ✓ ✓ ✓
      ISO 46001 Water resources management system ✓
      ISO 14046 Water footprint ✓
      ISO 14001 Environmental management system ✓ ✓ ✓
      (2) In 2022, we constructed the Activated Carbon Fluidized Bed, reduced the emissions of volatile organic compounds (VOCs), strengthened the circular economy through the reuse of waste liquids and decreased carbon emissions.
      (3) Formulated climate change risk management plans.
      Built High performance Bio-treatment and Filtration system(HBF), the total volume of water recycled in 2023 reached about 1,314.1 million liters per year.
  • Suppliers/Contractors are CGPC's important partners in sustainable development, affecting our production, services, and operations. We learn about suppliers’ concerns through communication channels to reduce business risks and costs.
    • Communication channel / Frequency
      Review meetings / From time to time、at any time.
      Supplier evaluation, Commitment / Annually or add manufacture.
      Contractor safety and health education and training / From time to time.
      Industry exchange seminars / At least once a year.
      Visits, phone calls and emails / From time to time.
      CGPC Family Newsletter /Every two months.
    • Issue of concern
      Sustainable Management of Supply Chain / From time to time.
      Occupational Safety and Health.
    • Summary of CGPC’s response
      (1) Engage in meetings with suppliers from time to time to meet our needs for quality and transaction conditions.
      (2) Conduct supplier evaluation once a year and inform them of the results.
      (3) Motivate suppliers to sign a social responsibility commitment.
      (4)Contact point: Mr. Chen, Material Planning Department at (02) 8751-6888 ext. 3771

      In 2023, a total of 4,343 employees of CGPC's contractors visited the plants for safety education and training. In the same year, five CGPC accidents were investigated. Summary of improvement measures: The Company has enhanced education and training, and strives for all employees to comply with various operating regulations. TVCM's and CGPC Polymer's contractors did not have accidents occurring between 2019 and 2023.
  • CGPC should provide every investor with fair access to the Company's material information, to disclose the Company's market value and sustainable development trajectory.
    • Communication channel / Frequency
      Shareholders'meeting /Annually.
      Market Observation Post System/Release as required.
      The Company's website 「Investor Services」/Anytime.
      Annual report /Annually.
      Financial statements /Quarterly.
      ESG report /Annually.
      Investor conference /Four times per year.
      CGPC Family Newsletter /Every two months.
      The Company's website 「 USI Joint Stock Network」/Irregular.
      Setup of whistleblowing mailboxes.
    • Issue of concern
      Economic Performance.
      Client relationship management.
      Technology Research and Development.
    • Summary of CGPC's response
      Annual shareholders'meetings and quarterly investor conferences held by the Company are held to report our operating results and outlook to our shareholders and the public.
      (1) Regularly disclose financial information on the MOPS of the Taiwan Stock Exchange and the company's website.
      (2) Set up the investor section on the Company’s website.
      (3) Formulated the Corporate Governance Best Practice Principles to prohibit employees from unethical conduct.
      (4) Established the Company's internal and external reporting channels and response systems to duly implement the Codes of Ethical Conduct and the Corporate Governance Best Practice Principles formulated by the Company and ensure whistleblowers and relevant people's legitimate rights and interests.
P.S. Since March 2022, the publication frequency of CGPC's Family Newsletter has been revised to once every two months. (Published in the second half of the second month.)
Material Issues
The Company followed the 2021 edition of the GRI Universal Standards to determine the three major steps of identification, analysis, and verification. A materiality analysis is performed every two years, and a dual materiality approach is incorporated. The sustainability topics analyzed were the “impact level to the company's operations” and “the impact level on the economy, the environment, and people (including human rights)”. The identification process and results of material topics are discussed by the Group's ESG experts, reported to the ESG Committee, and finally submitted to the Board of Directors for approval to ensure that the direction of sustainable operations and reported contents meet the concerns and expectations of internal and external stakeholders.
Steps for identification of material issues
Identification ↓
Communication
partner
In accordance with the five aspects of the AA1000 SES Stakeholder Engagement Standards, we send stakeholder identification questionnaires to ESG work team executives once every two years. They are sent out in the same year as the material issues analysis. After the statistical results are approved by the Sustainable Development Committee secretary and team leaders, five core stakeholder groups were determined based on the identification scores: employees, customers, government agencies, suppliers/contractors, and investors. 5 categories
Core Stakeholders
Collection
Issues
With reference to international sustainability norms and standards (GRI Universal Standards: 2021, SASB, SDGs, TCFD) and the Company's operating goals and vision, the task force compiled 35 positive/negative actual and potential sustainability issues. 35 items
Sustainable Issues
Analysis ↓
External impacts
Questionnaire surveys of core stakeholders were conducted in 2022, and issues were scored based on the extent of their positive and negative impacts. 450 feedbacks were issued and 303 valid responses were received. 303 copies
Valid External Questionnaires
Internal
impacts
CGPC conducted a questionnaire survey of internal unit officers and directors in 2022. Issues were scored according to the extent of positive and negative impacts and the likelihood of their occurrence. A total of 44 valid responses were received. Adjustments to the weight proportion were made based on the questionnaire results of the highest governance unit for statistical analysis. 44 copies
Valid Internal Questionnaires
Major
Analysis
The sustainability impact items on the economy, environment, and people (human rights) are included in the materiality analysis methodology. The EU concept of double materiality is used to analyze material issues, and the frequency of material issue analysis is once every two years. Based on the questionnaire analysis results, we sorted the material topics and selected 19 significant ESG issues. Based on the environmental, social, and governance aspects, we conducted a dual materiality analysis to narrow the issues down into 12 material issues. 19items
Significant Issues
Confirm
Material
issue
Continuation of the 2022 material issues (climate change and energy management, air pollution prevention, water resources management, waste management, talent attraction and retention, talent development and cultivation, occupational safety and health, transportation safety management, economic performance, technology R&D, product quality and intelligent management, 12 in total), which were submitted to the Sustainable Development Committee for approval and reported to the Board of Directors. 12items
Material Issues


Major analysis
●
Positive Actual Impact Items
●
Positive Potential Impact Items
●
Negative Actual Impact Items
●
Negative Potential Impact Items
Possibility
Potential Negative Impacts

4-1

Lack of succession planning leading to a talent and technical expertise gap.

4-5

Increased production costs due to water usage fees.

4-9

Increased production costs due to carbon fees.




Negative Actual Impacts

3-2

Water scarcity leading to water supply constraints.

3-3

Inadequate implementation of hazardous material safety transportation management.

3-4

Insufficient measures to control air pollution.

3-5

High increase in energy costs, particularly electricity tariff adjustments.

3-7

Power equipment failures and unstable power supply.
Scope of Significance Thresholds
Potential Positive Impacts

2-1

Introduction and utilization of AI to enhance production efficiency and reduce energy consumption.

2-2

Development of sustainable materials to increase revenue.

2-3

Business transformation towards high-quality, low-pollution industries.

2-4

Investment in renewable energy to increase the use of green electricity.

2-5

Creation of a happy workplace environment to enhance employee's sense of belonging to the company.


Positive Actual Impacts

1-1

Introduction and utilization of AI to enhance product quality.

1-3

Investment in renewable energy to reduce carbon emissions and improve industry competitiveness.

1-5

Strong financial performance leading to increased investor confidence and willingness to invest.

1-7

Improved water recycling rates to reduce production costs and mitigate operating disruptions.

1-8

Development of diverse environmentally friendly products and entry into emerging industries.

1-9

Creation of a friendly workplace environment to reduce employee turnover and occupational accidents.
Negative Impact Severity
Positive Impact

Selection of material topics
E Environmental Aspect S Social Aspect G Governance Aspect
1-3
Investment in renewable energy to reduce carbon emissions and improve industry competitiveness.
1-7
Improved water recycling rates to reduce production costs and mitigate operating disruptions.
2-5
Creation of a happy workplace environment to enhance employee‘s sense of belonging to the company.
2-2
Development of sustainable materials to increase revenue.
2-4
Investment in renewable energy to increase the use of green electricity.
3-2
Water scarcity leading to water supply constraints.
4-1
Lack of succession planning leading to a talent and technical expertise gap.
2-3
Business transformation towards high-quality, low-pollution industries.
3-5
High increase in energy costs, particularly electricity tariff adjustments.
4-5
Increased production costs due to water usage fees.
3-3
Inadequate implementation of hazardous material safety transportation management.
1-1
Introduction and utilization of AI to enhance product quality.
3-7
Power equipment failures and unstable power supply.
3-4
Insufficient measures to control air pollution.
1-9
Creation of a friendly workplace environment to reduce employee turnover and occupa-tional accidents.
2-1
Introduction and utilization of AI to enhance production efficiency and reduce energy consumption.
4-9
Increased production costs due to carbon fees.
1-8
Development of diverse environmentally friendly products and entry into emerging industries.
1-5
Strong financial performance leading to increased investor confidence and willingness to invest.

8.Air Pollution Control

9.Waste Management

10.Occupational safety and health

11.Transportation safety

12.Product quality

4.Technology Research and Development

5.Water Resource Management

6.Talent development and cultivation

7.Talent Attraction and Retention

1.Economic performance

2.Climate change and energy management

3.Intelligent Management

Material issues and Management policy (SDGs)
    • ESG principles
      Stable Operation.
      The Significance and Impact of CGPC
      With the deterioration of the environment and ecology, shortage of energy and natural resources, exacerbation of climate change and stricter government laws and regulations, CGPC takes concrete actions to continuously promote and implement energy conservation, carbon reduction, and the development of green products to meet government requirements. Affected Parties: Government agencies, supply chains, communities, and employees.
      Develop Strategy
      Renovation and replacement of old equipment and Improve equipment efficiency in order to achieve the eco-friendly goals of low pollution and low energy consumption.
      Policy Commitment
      Reduce carbon emissions (Scope 1 and 2) by 27% in 2030 compared to 2017, long-term goal: carbon neutrality by 2050.
      Grievance Unit
      Engineering Department.
      SDGs
      9.4 and 13.3.
      Goals and Performance
      Project name
      Actively implementing energy saving and carbon reduction programs, utilizing low-carbon fuels and renewable energy sources.
      Performance indications
      Reduction of GHG emissions
      ( 10,000 tons of CO2e)
      2023 Goals
      36.80
      2023 Performance and Achievement
      31.96
      2024 Goals
      30.10
      2025 Goals
      33.74
      2030 Goals
      29.97
      Notes：
      1.
      Starting from 2023, the scope of inventory includes subsidiaries in the consolidated financial statements of CGPC, with a coverage rate of 100%.
      2.
      The greenhouse gas emissions in 2023 are third-party verified data.
      3.
      Since Vinyl Chain achieved its goal ahead of schedule, the 2025 goal will be raised after a review and in accordance with production changes and carbon reduction plans.
    • ESG principles
      Stable Operation.
      The Significance and Impact of CGPC
      Affected parties: employees, community residents, government agencies.
      Develop Strategy
      Switch to the use of low-polluting fuel (natural gas) to reduce sulfur oxides (SOx), nitrogen oxides (NOx) and volatile organic compounds (VOCs).
      Policy Commitment
      In addition to complying with environmental regulations and emission standards, the unit product emissions of sulfur oxides (SOx), nitrogen oxides (NOx) and organic volatile compounds (VOCs) are reduced year by year.
      Grievance Unit
      Environmental Protection Sector
      SDGs
      3.9 and 13.3.
      Goals and Performance
      Project name
      Continue to replace equipment and use low-polluting fuels.
      Performance indications
      Reduce sulfur oxide emission intensity (tones/kt)
      Reduce NOx emission intensity (tones/kt)
      Reduce the emission intensity of volatile organic compounds (tones/kt)
      2023 Goals
      0.004
      0.227
      1.414
      2023 Performance and Achievement
      0.003
      0.174
      1.142
      2024 Goals
      0.003
      0.226
      1.408
      2025 Goals
      0.003
      0.225
      1.403
      2030 Goals
      0.003
      0.220
      1.375
      Note：
      1.
      Updated target based on production volume (chemicals in dry tons): Sox: Based on the fact that the actual performance in 2022 was the lowest on record for the 2023 target, the actual performance in 2023 has become the target for 2024-2030. Target adjustment for NOx and VOCs: Taking 2022 as the base year, reduce them by 0.4% per year.
      2.
      Please refer to the description of air pollutant emissions.
    • ESG principles
      Stable Operation.
      The Significance and Impact of CGPC
      Value water resources, reduce the consumption of water resources in the production process, and improve the reuse rate of water recycled to reduce the impact on the environment.
      Affected parties : employees, government agencies, community residents.
      Develop Strategy
      Implement ISO 46001 and ISO 14046 to reduce water waste, improve and replace water-consuming equipment and increase water recycling and re-use rate,Increase the water reuse ratio R2, and actively implement the plan to apply for water consumption reduction.
      Policy Commitment
      Starting from 2023, the annual water reuse ratio R2 will be increased by 1% (total of the three factories).
      Grievance Unit
      Public Utility Course.
      SDGs
      6.3, 6.4 and 6.5.
      Goals and Performance
      Project name
      Increase the water reuse ratio R2 by 1% every year.
      Performance indications
      R2 ratio (%)
      2023 Goals
      71.0
      2023 Performance and Achievement
      71.9
      2024 Goals
      72.0
      2025 Goals
      73.0
      2030 Goals
      78.0
      Note：
      Starting in 2023, statistics are calculated based on the water reuse rate R2 of water consumption fees.
    • ESG principles
      Stable Operation.
      The Significance and Impact of CGPC
      Comply with environmental protection regulations, legally clean and transport, improve resource reuse rate, and pursue sustainable resource utilization. Affected objects: employees, community residents, government agencies
      Develop Strategy
      Continue to promote waste classification and improve resource reuse rate.
      Policy Commitment
      Reduce waste per unit of output year by year.
      Grievance Unit
      Environmental Protection Sector
      SDGs
      12.4 and 12.5.
      Goals and Performance
      Project name
      Promote circular economy to reduce waste and increase reuse rate
      Performance indications
      Decreasing unit production
      waste generation (tons/tons)
      Recycling rate (%)
      Landfill rate (%)
      2023 Goals
      0.0060
      80.0
      20.0
      2023 Performance and Achievement
      0.0053
      77.9
      22.1
      2024 Goals
      0.0060
      80.0
      20.0
      2025 Goals
      0.0050
      85.0
      15.0
      2030 Goals
      0.0045
      90.0
      10.0
      Note：
      1. All recyclable resources from CGPC's factories are given to legal vendors for recycling off-site.
      2. Our environmental safety and health units regularly inspect waste disposal vendors' management and disposal monitoring, and the general affairs units work with waste treatment organizations to formulate contracts. GPS real-time tracking systems are used to confirm the transportation routes and flows, and the delivery receipt is signed by all three parties, ensuring that the waste is transported and treated in accordance with regulations. In 2023, the disposal and treatment agencies did not have any breach of contract.
      3. In 2023, the reason for the increase in the amount of industrial waste of CGPC was that the amount of scrap iron increased as a result of the demolition of the plant in the Fabric I Section.
      4. The increase in hazardous waste at CGPC in 2023 was attributed to the chemical waste from the rubber production plant.
      5. The increase in the amount of industrial waste in landfills in 2023 was mainly due to the increase in waste from packaging bags. After communicating with the clearance contractor, recycling outside the factory in future can reduce the amount of waste being sent to landfills.
      6. Due to some omissions in the previous statistics of the three factories, the data for 2021-2022 was updated.
    • ESG principles
      Social Inclusion.
      The Significance and Impact of CGPC
      We want to provide a safe, harmonious and innovative environment emphasizing on learning and growth environment. Only with the continuous improvement of the capabilities of all employees can we take a step forward. Affected objects: employees, community residents.
      Develop Strategy
      The Company's education and training courses are in line with the external environment, business policies, segment performance goals and employees' career development needs to build a comprehensive education and training system needed to nurture all-round talents.
      Policy Commitment
      Increase the number of training sessions.
      Grievance Unit
      Personnel Section.
      SDGs
      8.2, 8.5, 8.7, 8.8 and 10.2.
      Goals and Performance
      Project name
      Improvement training
      Performance indications
      Sessions
      2023 Goals
      130
      2023 Performance and Achievement
      291
      2024 Goals
      180
      2025 Goals
      200
      2030 Goals
      220
    • ESG principles
      Social Inclusion.
      The Significance and Impact of CGPC
      Employees are the foundation of CGPC's sustainable development, so creating a happy workplace for employees is our long-term commitment. Affected objects: employees, community residents.
      Develop Strategy
      Value employees' rights and interests, promotion channels, and salary and benefits in line with the market.
      Policy Commitment
      Reduce employee turnover rate.
      Grievance Unit
      Personnel Section.
      SDGs
      4.3 and 4.5.
      Goals and Performance
      Project name
      Raise the starting salary of new hires, re-plan the ranks and promotion channels, and reduce the turnover rate
      Performance indications
      Turnover rate (%)
      2023 Goals
      ≦2.90
      2023 Performance and Achievement
      2.79
      2024 Goals
      ≦2.90
      2025 Goals
      ≦2.80
      2030 Goals
      ≦2.70
      Note：
      Excluding retired and resigned employees, as well as employees on fixed term or temporary contracts.
    • ESG principles
      Social Inclusion.
      The Significance and Impact of CGPC
      employees and contractors abide by the requirements of safety and health regulations and standards, build a zero-disaster work environment, and ensure a comprehensive system for workers' safety and health and achieve sustainable development. Affected objects: employees, community residents, government agencies, suppliers/contractors, investors.
      Develop Strategy
      The occupational safety and health policy of full participation is carried out in accordance with the ISO 45001　occupational safety and health management system for performance measurement and continuous improvement.
      Policy Commitment
      Zero disaster and zero disabling injury incident.
      Grievance Unit
      Occupational Safety Office, Environmental and Safety Courses.
      SDGs
      3.9, 8.7 and 8.8.
      Goals and Performance
      Project name
      Reinforce on-site patrol inspection and improve potential hazards
      Reinforce the prevention of scrolling and pinching injuries and safety management of stackers
      Performance indications
      Frequency of disabling injuries (F.R.)
      Severity of disabling injuries (S.R.)
      2023 Goals
      0
      0
      2023 Performance and Achievement
      2.86
      72
      2024 Goals
      0
      0
      2025 Goals
      0
      0
      2030 Goals
      0
      0
      Reasons for failure to achieve:
      Relevant units have proposed countermeasures to strengthen job safety analysis to prevent potential hazards from occurring.
      Details: Occupational Safety and Disaster Management, 2022 Accident and Injury Statistics, Occupational Safety - Explanation of Care.
    • ESG principles
      Social Inclusion.
      The Significance and Impact of CGPC
      Transportation safety management complies with domestic laws and regulations. Prevent traffic accidents caused by man-made errors or equipment problems and environmental pollution harming the health of the public and causing life and property losses.
      Affected objects: employees, community residents, government agencies, customers, investors.
      Develop Strategy
      1. Formulate management standards for vehicle transportation, loading and unloading management, emergency equipment and detection systems.
      2. Annual qualification review of transportation contractors and drivers.
      3. Regular promotion, drills, spot checks and audits.
      4. Ensure the operation of pipeline safety management system (PSMS), establish pipeline integrity management plan and implement pipeline risk management.
      Policy Commitment
      Ensure that all transportation complies with regulations, improve personnel training and safety testing, and achieve the goal of zero disasters and zero accidents.
      Grievance Unit
      Storage and Transportation Division.
      SDGs
      8.8
      Goals and Performance
      Project name
      Annual review rate of transportation contractors and tanker trucks
      Improvement rate of deficiencies found by transportation safety inspection and audit
      Inspection rate of pipeline adopting cathodic corrosion
      Zero transportation disaster and accidents
      Performance indications
      %
      %
      %
      Times / Year
      2023 Goals
      100％
      100％
      100％
      0
      2023 Performance and Achievement
      100％
      100％
      100％
      0
      2024 Goals
      100％
      100％
      100％
      0
      2025 Goals
      100％
      100％
      100％
      0
      2030 Goals
      100％
      100％
      100％
      0
    • ESG principles
      Stable operation.
      The Significance and Impact of CGPC
      It is the foundation of the Company's sustainable development, enabling shareholders to obtain reasonable return on investment and the Company to have sufficient resources to take care of employees. The Company also creates mutually beneficial and win-win relationships with clients, suppliers, and collaborating partners to facilitate the growth of both the society and the Company.
      Affected parties: government agencies, employees, investors, suppliers.
      Develop Strategy
      Improve product value, provide customers with satisfactory service quality, and maintain stable profits and sustainable development of the enterprise.
      Policy Commitment
      Implement corporate governance and environmental protection measures for energy conservation and carbon reduction to create a workplace of wellness.
      Grievance Unit
      G.M. office.
      SDGs
      8.5
      Goals and Performance
      Project name
      Reinforce differentiation of PVC resin products, upgrade equipment to improve quality and output and establish stable sales channels
      Performance indications
      PVC resin production growth rate (%)
      2023 Goals
      3.3
      2023 Performance and Achievement
      2.1
      2024 Goals
      3.7
      2025 Goals
      4.0
      2030 Goals
      8.0
      Note1：
      2019 is the base year.
      Note2：
      Reasons for failure to achieve: In 2023, the global economy was overshadowed by factors such as the Russia-Ukraine war, inflation, interest rate concerns and hikes, and China's economic recovery was not as expected after the lockdown was lifted, the overall downstream demand was weak, leading to a slowdown in demand. In response to these challenges, CGPC proactively adjusted our operations in a rolling manner to minimize the negative impact.
    • ESG principles
      R & D and Innovation.
      The Significance and Impact of CGPC
      R&D and innovation are the focus of our sustainable development. We improve the manufacturing process technology to have product quality and reduce costs. We develop value-added new products to contribute to the sustainable development of the society and the environment.
      Affected parties: government agencies, employees, investors, supplier.
      Develop Strategy
      We follow the latest environmental protection regulations and global trends to develop products which incorporate the design elements of environmental protection, energy conservation and carbon reduction to improve products' added value and competitiveness.
      Policy Commitment
      Innovate products and improve manufacturing process to comply with the latest international regulations.
      Grievance Unit
      Product development Division.
      SDGs
      11.6, 12.4 and 12.5.
      Goals and Performance
      Project name
      Promote product applications and development of eco-friendly Technologies
      Raw materials antagonists: Developed low-toxic and low cost alternative raw materials
      New Product development
      Performance indications
      Ten-thousand
      Number of development projects
      Number of development projects
      2023 Goals
      12
      8
      10
      2023 Performance and Achievement
      4
      15
      16
      2024 Goals
      12
      10
      10
      2025 Goals
      16
      10
      10
      2030 Goals
      20
      15
      15
      Note:
      Reason for the sales volume of environmental protection materials not meeting the target: Due to factors such as the Ukrainian-Russian War, the Israel-Hamas War, and inflation the global economy went into a significant recession and demands greatly declined. The Company has suspended its promotion and sales of eco-friendly materials due to the renewal of Calender machine of eco-friendly materials of the PVC leather factory.
    • ESG principles
      R & D and Innovation.
      The Significance and Impact of CGPC
      Maintain stable production quality to earn customer recognition and create higher corporate value for CGPC.
      Affected parties: customers, employees, investors
      Develop Strategy
      1.Establish projects for improvement.
      2.Implement full participation and enhance product value.
      3.Meet customer needs and comply with the regulatory requirements.
      Policy Commitment
      Provide customers with good product quality and services. We encourage quality improvement proposals and product quality improvement projects as the driving force for improvement and growth, hoping to meet customer needs.
      Grievance Unit
      Office of the Head of Main Plant
      SDGs
      12.4 and 12.5.
      Goals and Performance
      Project name
      Promote quality improvement proposals
      Product quality improvement projects
      Performance indications
      Number of proposals
      Number of proposals
      2023 Goals
      20
      11
      2023 Performance and Achievement
      37
      12
      2024 Goals
      22
      11
      2025 Goals
      23
      11
      2030 Goals
      25
      12
      Descriptions：
      1.
      To improve the quality of disclosure and effectively track the implementation of important ESG projects, starting from 2023, the target for quality improvement proposals has been revised and established.
    • ESG principles
      Stable operation.
      The Significance and Impact of CGPC
      Improve equipment efficiency, and reduce the impact of production on the environment as much as possible to achieve the eco-friendly goals of low pollution and low energy consumption.
      Affected parties: employees, community residents, government agencies, customers, suppliers/contractors, investors.
      Develop Strategy
      Renovation and replacement of old equipment and Improve equipment efficiency to achieve the eco-friendly goals of low pollution and low energy consumption.
      Policy Commitment
      Enhancing operational safety, reducing accidents, minimizing resource consumption, building an intelligent factory.
      Grievance Unit
      Technology Research and Development Lecture
      SDGs
      8.2 and 11.6.
      Goals and Performance
      Project name
      Inclusion of AI in the processes
      AIOT Intelligence Manufacturing
      Performance indications
      Number of Projects
      Number of Projects
      2023 Goals
      3
      3
      2023 Performance and Achievement
      3
      3
      2024 Goals
      3
      3
      2025 Goals
      4
      3
      2030 Goals
      5
      3
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