Sustainable Development
Overall Sustainable Development
The Board of Directors closely monitored the management team on setting the corporate strategy and objectives suitable for business needs and oversaw the performance on a regular basis. This allowed us to deliver good returns to shareholders. We run our business with good faith and responsibility for any impact relating to our business operation throughout the supply chain by taking account of transparency, auditability, ethics, respect for human rights, and stakeholders’ benefit. In this regard, we emphasize the good quality of paint and coatings products, consumer safety, the potential impact on the communities and environment, and compliance with legal requirements and relevant regulations, or global standards, as well as developing and improving our social enterprise to ensure the sustainability, including preparedness to handle challenges in this fast-paced world to enhance our corporate sustainability. Our sustainable development covers 3 dimensions; 1. Environmental 2. Social, and 3. Governance & Economic or ESG.
E S G
Sustainable Development Goals: SDGs
We have material issues responding to certain principles of the SDGs as follows
| SDGs | Approach |
|---|---|
| Environmental | |
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Production process to help reduce water consumption/ Reuse of treated wastewater |
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Greenovation/ Green industry/ Waste reduction with 3Rs/ Single-use plastic reduction/ Reduce paper usage/ Reduce water consumption |
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Energy conservation projects/ Ongoing development for energy-saving and eco-friendly products under the concept “Greenovation”/ Carbon Footprint for Organization (CFO)/ Low Emission Support Scheme |
| Social | |
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Proper remuneration and welfare/ Human rights, equality, and workforce diversity/ Job opportunities for disabled people/ Promote good health and workplace safety/ Human resource development and career path |
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Educational promotion and equipment for nearby schools/ Painting skill enhancement for more new painters/ Co-educational projects/ Scholarships/ Health promotion for a better quality of life/ COVID-related relief programs to reach the vulnerable in both community and society |
| Governance & Economic | |
|
Board structure (Board Diversity)/ Strengthen effective board of directors |
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Economic value distribution/ Business ethics/ Partnership with suppliers |
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Customer service development through technology/ Build customer trust/ Ongoing development and initiative for quality products and services as well as anticipating customer needs |