社会责任
Strategy

1.Sustainability management

Board of Directors and CSR Committee

The Board of Directors is responsible for sustainable development management of the Company. We have established the Social Responsibility Management Committee under the Board of Directors to be in charge of approving social responsibility management strategies, plans and annual social responsibility work plans, and report to the Board of Directors for promoting sustainable development of the Company. The current committee is composed of Chairman of the Board, Mr. Zhang Yuzhuo, and the independent non-executive directors, Mr. Tang Min and Mr. Fan Gang.

Risk management system

We have paid great attention to risks in the process of sustainable development. The Audit Committee, set up under the Board of Directors, is responsible for reviewing risk management and providing advices to the Board. Moreover, the Comprehensive Risk Management Working Group and relevant departments are established in charge of managing and mitigating risks related to production safety, environmental protection, climate change, finance, legal affairs, anti-corruption and overseas security. The Comprehensive Risk Management Working Group convenes meetings regularly to organise the identification and assessment of major and significant risks, determine control measures and formulate solutions.

HSSE management system

? The Company released the standards of Safety, Environment and Health Management System in 2001, and its subsidiaries formulated their respective management regulations based on it as well as industry characteristics. In 2018, the Company integrated security into the management system and formulated the Sinopec Corp. HSSE (health, safety, security and environment) management system, and subsequently revised relevant management systems regarding safety responsibility, safety behaviour, safety training, risk management and hazards control, operations, and occupational health, etc.

? The Company has established the HSSE Management Committee and relevant HSSE management bodies at the headquarters and the subsidiaries respectively, and included production safety and energy conservation and environmental protection into the performance appraisal indicators for the management team of the Company, whose annual performance bonus would be reduced by 3%, up to 20% of the total, for each point deducted from the indicators. The Company also sets up GHGs emission reduction targets, and includes energy efficiency appraisal and carbon emission appraisal into its project evaluation process.

? Based on the HSSE management system, we have established an emergency management system covering production safety, environmental protection, information security and other aspects, and promoted the establishment of emergency command centres in oil field, refining and marketing subsidiaries. Meanwhile, our subsidiaries have established a joint emergency defence mechanism with local authorities, consisting of 13 joint emergency defence zones geographically, which consolidates local resources and carries out joint drills to ensure the coordinated efforts in case of major emergency accidents.

Human resources management system

The Company continues to improve its human resources management system and policies and has formed an integrated management system covering talent development, labour compensation, training development and other management modules.

Anti-corruption system

The Company continues to optimise its integrity and compliance management system. With an integrity culture of “keeping promises and operating in compliance”, we focus on anti-corruption and have formulated a number of anti-corruption management systems and policies. We strive to build an enterprise with zero corruption through strictly implementing the punishment and prevention mechanisms for corruption and raising anti-corruption awareness. We have set up the Supervisory Committee, with Chairman of the Board in charge, which is responsible for formulating anti-corruption guidelines and key measures. The Disciplinary Inspection and Supervision Department is responsible for the daily supervision and management of anti-corruption, and reports to the Supervisory Committee regularly.

 

2.Stakeholder engagement

Materiality analysis

In 2019, the Company continued to identify, evaluate and screen sustainable development issues and material issues that are important to both the Company and its stakeholder groups, Please refer to the company's sustainability progress report for details.

Communication with stakeholders

The trust and support of our stakeholders are of fundamental importance to the sustainable development of Sinopec Corp. The Company has established an open communication mechanism with its stakeholders and continuously optimises it. The Company strives to grow together with its stakeholders to jointly promote the high-quality sustainable development to achieve economic growth, environmental friendliness and social harmony.

 

 

3.Actions to Implement the SDGs

 

XML 地图 | Sitemap 地图