ESG Statement from the Board
Sinotruk is keenly aware of the importance of environmental, social and governance (ESG) matters to the risk management and sustainable development of the Group. A three-tier ESG governance structure featuring “the governance tier – the management tier – the execution tier”, has been established as part of our efforts to safeguard the smooth implementation of the ESG work. As the highest decision-making body for ESG issues, the Board assumes full responsibility for the Group’s ESG strategies, ESG-related goal setting, target progress review and ESG performance. As the strategic executor of the Group’s ESG work, the Audit Committee reviews the ESG performance of the Group and advances ESG resolutions of the Board. The Group has established the ESG Management Group within the management tier which is in charge of the management of daily ESG work and established the ESG Working Group in the execution tier which is responsible for the execution of daily ESG work.The Group highly values suggestions and opinions of all stakeholders and continuously identifies and assesses material ESG issues. Based on the communication with major stakeholders through various channels, and with reference with disclosure-related requirements of regulators, industry policies and development trends, and the key concerns of rating agencies, we prioritize material ESG issues as important reference for ESG disclosure.
ESG Management System
A sound ESG governance system is paramount to corporate ESG management. Sinotruk persists in improving our ESG governance by incorporating ESG issues into the Group’s decision-making and daily operations and following impacts of our businesses on the environment and society. The Group responds to the environmental, social and governance demands of our stakeholders from multiple angles, and continuously promotes the sustainable and collaborative development of the Group and our stakeholders.
Sinotruk is committed to building an ESG management system with a clear division of responsibility and authorities as well as a hierarchical structure. The Group follows the ESG policies, standards and guidelines of the market where it is listed, systematically plans the ESG governance, and realizes standardized and professional management of ESG work. We have built a three-tier ESG governance structure featuring “the governance tier – the management tier – the execution tier”, to clarify the responsibilities of each tier and ensure the smooth implementation of our ESG work.
Our Business Conduct and Ethics
The Group is one of the leading truck manufacturers in the PRC which specializes in the research, development and manufacture of HDTs, LDTs, etc., and related key assemblies, parts and components. Through our diversified product portfolio, we serve a wide range of customers from different major industries including infrastructure, construction, container transportation, logistics, mining, steel, chemical, etc.
The Group mainly manufactures trucks and also produces assemblies, key parts and components such as engines, cabins, axles, steel frames, gearboxes, etc. The Group is a truck manufacturer which has research and development and production capability in trucks as well as the complete production chain. The Group sells truck engines and engines for use in industrial and construction machinery to third parties in addition to our own use. Our products are not only sold domestically but also exported to other countries and regions in the world. In addition, the Group provides financial services for those parties related to the production and sales of Group’s products and to the CNHTC Group.
As we conduct our business, we have sought to gain the full trust of our customers and to grow alongside them in support of their mission; to adhere to the highest standards of business ethics in all locations in which we operate; and to build a strong security infrastructure and robust corporate culture that protects and preserves the intellectual property and data of our customers. We are implementing green manufacturing and sustainable operations across our business units, helping to improve the environment and the communities in which we operate. We are committed to and maintain an inclusive and vibrant workplace that fosters collaboration among and professional development for all Sinotruk employees.
Compliance with Local Regulatory Requirements
We strictly adhere to local laws and regulations in the regions in which we operate, and regularly take into account economic, social and environmental factors in our decision-making and operations.
Data Security and Privacy
A core tenet of our business is to preserve the trust, confidence and privacy of our customers. Data privacy and security is our highest priority. Since our founding, Sinotruk has maintained a strong track record based on a rigorous and multi-layered internal process – everything we discover, develop and deliver to our customers is secure, separated and protected. Sinotruk ensures that all personal identifiable information (PII) is anonymized and protected. Further, we maintain a robust system of corporate governance to ensure customers information is protected and used in accordance with the guidelines laid out by our customers and global privacy and healthcare policies.
Intellectual Property Protection
Integral to the continued success and competitiveness of our customers – and therefore a lifeline of our business – is their unique intellectual property (IP). Our approach to IP protection is embedded in our founding principles of integrity, unwavering commitment to global quality standards and world-class security. Our standards include a comprehensive IP management and infringement accountability system. We are dedicated to adhering to industry best practices in all of our facilities worldwide.
Business Ethics and Anti-corruption
Sinotruk has zero-tolerance for any form of corruption. Since our founding, we have maintained a steadfast commitment to the integrity of our work, and we strictly adhere to local laws and regulations and the highest standards of business ethics across the regions in which we operate. Sinotruk demands adherence to these standards by each of our employees.
Environment, Health and Safety (EHS)
Sinotruk seeks to reduce the environmental impact of our operations by improving how we conduct our operations. Our goals are to reduce the environmental impact of our supply chains, prevent pollution and use our resources efficiently. We seek to promote the well-being of the environment and our global society across all business operations.
Sinotruk is committed to production safety. All Sinotruk facilities meet stringent safety standards and strictly abide by the relevant laws and regulations of their local jurisdiction. To supplement these standards, we have established corresponding risk prevention and management systems.
Employee Welfare
The intellect, experience and dedication of our employees is Sinotruks most valuable asset. They are the driving force that enables Sinotruk to build an open-access platform, providing comprehensive capabilities and technologies to the healthcare industry.
Sinotruk is an equal opportunity employer. We are proud of our diverse workforce, recruited from across the global health sciences community. Sinotruk strives to foster an inclusive and collaborative workplace, with robust on-the-job training and a commitment to professional development. Sinotruk is committed to protecting the occupational health and safety of all employees and promoting a healthy work-life balance.
