Create a co-living and co-prosperity environment with the earth

In the recent years, global petrochemical and energy-intensive industries are facing potential risks and challenges in shortage of raw materials, industrial safety, environment pollution, climate change and energy issues.

Submerged in a myriad of issues that jeopardize sustainable development, CPDC came to realize that the current operational model will no longer be able to support the company for stable earnings and growth. Our only chance to realize our vision of “becoming a world-class company in production of petrochemical and plastic products” is to turn the risks in ESG into opportunities by confronting the challenges and actively pushing forward organizational reform to turn CPDC into a modern corporation.

Zero defects, zero accidents, zero pollution

The core concepts of CPDC's business management are respect, performance and care. Under our customer-centered operational model, we continue to improve quality, striving to bring products and services that meet our customers' needs. And with respect to stakeholders' rights, we formulated sustainable development strategies and policies to address the issues of corporate governance, industrial safety, environmental protection, product development and innovation, supply chain management, pollution prevention, and community and employee care. Our goal is “Zero defects, zero accidents, zero pollution”.

Vision of Corporate Sustainable Development

 

Goal

Zero defects, zero accidents, zero pollution

Core Value

Excellence, Innovation, Respect, Care and Environment Friendly

Strategy

Supported by the four pillars, C,P,D,C, CPDC is committed to establishing effective govermance of corporate social responsibility practice and marching towards the goal of "Zero defects, zero accidents and zero pollution"

Approach

Commitment, Production, Disclosure, Communication

Sustainable Development Policy

CPDC pursues sustainable development and strives to become a world-class company. Under our customer-centered operational model, we continue to improve quality, striving to bring products and services that meet our customers' needs. In our pursuit of higher customer and shareholder values with respect to our customers, employees, suppliers, contractors and community residents, as well as occupational safety, employee health and the environment, we march towards the goals of sustainable development and corporate governance.  In the future, CPDC will continue to promote sustainable development based on the new four pillars and the corresponding eight dimensions. The new four pillars are smart manufacturing (Clever), forward-looking governance (Prescience), value chain communication (Dialogue), and social care (Care).

C

Clever

We are introducing Smart Manufacturing 4.0 and create AI training modules based on existing big data.

P

Prescience

We ensure safety and security in work environment and the transport processes and continue to reduce energy consumption and the negative impacts on the environment.

D

Dialogue

We will continue to implement transparent and honest disclosure of sustainable development performance in answer to the demands of the investors and others key stakeholders.

C

Care

We will take the initiative to consult the internal and external stakeholders for their feedback as we pursue harmony in the society.

We expect to establish effective sustainable corporate governance through the above visions and the four pillars of sustainable development. In 2015, CPDC has set up the "Guidelines for Corporate Social Responsibility Practice", which will serve as the standards for the Company and all employees in all corporate social responsibility activities.

Goals of Corporate Sustainable Development

In 2015, we launched the medium-term project and action plans under the visions of sustainable development introduced above and supported by the four pillars. In the future, will integrate the various departments through the Corporate Social Responsibility Committee and implement action plans to achieve the goals of sustainable development.

Clever

  • Introduce Industry 4.0 to monitor the use of energy and resources, promote reduction and recycling, and develop green petrochemical products.
  • Strengthen strategies and goals for climate change adaptation and lay a foundation for green transformation.

Prescience

  • Improve sustainable governance and disclosure of information based on international trends and best practices.
  • Assess internal and external risks and master the true value of the Company.

Dialogue

  • Improve the sustainable supply chain management mechanism and the resilience of the petrochemical industry.
  • Maintain smooth communication with the key stakeholders and respond to their demands.

Care

  • Strengthen talent recruitment and development systems and employee engagement to drive business transformation.
  • Integrate community engagement programs at each operational location and establish a corporate strategy for public welfare investments.

Sustainability Governance Structure

CPDC's CSR structure has three major divisions: Administration Governance, Social Care, and Environment Sustainability. The three taskforces are led by CPDC's three deputy general managers. The deputy general managers report to the Chief CSR Officer, who is also the General Manager of the company. The Division of Investor Relation and Industrial safety and Environmental Protection Center jointly form the CSR Secretariat Office and collaborate to implement the tasks delegated from the three CSR taskforces.


The Administration Governance Taskforce takes charge for formulation and implementation of sustainable development visions and goals, disclosure of operational and financial risks and performance, procurement procedures and supply chain management, as well as stakeholder engagement. The Social Relation Taskforce promotes community service and social care events, labor rights and ethical conducts, legal compliance and information disclosure, as well as market and customer analysis and surveys; the Environment Sustainability Taskforce manages energy and climate change issues, product quality control and innovative R&D, green products, labor safety and health issues, pollution remediation, and environment/social participation.