OUHUA ENERGY HOLDINGS LIMITED SUSTAINABILITY REPORT 2020
CONTENTS | |
GOVERNANCE STRUCTURE .............................................................................................................................. | 5 |
STRATEGIC APPROACH FOR SUSTAINABILITY.................................................................................................. | 5 |
STAKEHOLDER ENGAGEMENT ......................................................................................................................... | 6 |
MATERIALITY ASSESSMENT ............................................................................................................................. | 8 |
ENERGY ............................................................................................................................................................ | 9 |
WASTE.............................................................................................................................................................. | 9 |
ENVIRONMENTAL COMPLIANCE ..................................................................................................................... | 9 |
SUPPLIER ENVIRONMENTAL ASSESSMENT.................................................................................................... | 10 |
EMPLOYMENT................................................................................................................................................ | 11 |
TRAINING & EDUCATION ............................................................................................................................... | 13 |
OCCUPATIONAL HEALTH & SAFETY ............................................................................................................... | 14 |
ANTI CORRUPTION......................................................................................................................................... | 16 |
GLOBAL REPORTING INITIATIVE (GRI) CONTENT INDEX................................................................................ | 17 |
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ABOUT THE REPORT
Reporting Boundary
As a guide, this report covers operations and all subsidiaries for which Ouhua Energy Holdings Limited ("Ouhua Energy" or the "Company", and together with its subsidiaries, the "Group") has management control, unless otherwise stated. It seeks to prove an overview of our approach, practices, commitment, and performance of the Group's material Environmental, Social and Governance ("ESG") topics. The report covers the sustainability performance of the Group's operations from 1 January 2020 to 31 December 2020 ("FY2020").
Reporting Period & Standard
The reporting period is the same as that of the financial year of the Group (1 January 2020 to 31 December 2020). This report was prepared in accordance with the Global Reporting Initiative ("GRI") Standards - "Core" reporting requirements. The GRI Standards is the most widely used and internationally accepted sustainability reporting framework. A GRI Index at the end of the report specifies the location of the relevant disclosures.
Independent Assurance
The ESG performance data presented in the report have mainly been extracted from internal information systems and original records to ensure accuracy. The Group has not sought external assurance for this sustainability report but have relied on internal verification to ensure the accuracy of data.
FEEDBACK
We are fully committed to our stakeholders and we welcome feedback on any aspect of our sustainability policies, processes and performance. Kindly address all feedback to sr@ohwa.cn. Your feedback is vital to us in achieving our goals to build a sustainable and thriving business. As an attempt to promote environmental conservation, there will be no hard copies of this report.
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BOARD STATEMENT ON SUSTAINABILITY
Ouhua Energy Holdings Limited ("Ouhua Energy" or the "Company", and together with its subsidiaries, the "Group") is pleased to issue its third sustainability report prepared in accordance with the GRI Standards and in compliance with the SGX-ST guidelines on sustainability reporting.
The Group endeavour and is committed to continually consider material environmental, social and governance topics as part of our core business strategy. The report seeks to present an accurate and even account of our practices and performance in our quest to be a sustainable, responsible corporate citizen.
The Board of Directors ("Board") and senior management ("Management") remains committed to establish and maintain an effective Sustainability Management framework, which is supported by underlying internal controls, risk management practices, clear accountability and reporting process. The Board evaluates and considers ESG risks and opportunities relevant to the Group during the formulation of overall business strategy, objectives and performance measurements.
The Sustainability Reporting ("SR") Committee supports the Management in identifying the type of relevant ESG topics caused by its day-to-day operations. Management then determines the materiality of the ESG topics based on the level of significance of impact, and influence on stakeholder values, and the achievement of the Group's strategic objectives. The Board supports and approves the identification and assessment parameters of material ESG topics.
The ESG topics in this report reviewed by the Board and Management is assessed to be material and relevant. The Board and Management shall continue to dedicate leadership and maintain a high standard of sustainability governance to drive continuous and long-termgrowth for all its stakeholders. The Group will continue to work towards a balanced disclosure on the management and monitoring of material ESG topics for continual improvement.
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ABOUT THE GROUP
Corporate Profile
Ouhua Energy Holdings Limited ("Ouhua Energy" or the "Company", and together with its subsidiaries, the "Group") is one of the leading importers of liquefied petroleum gas ("LPG") in the People's Republic of China ("PRC") in terms of quantity. Ouhua Energy is strategically based in Chaozhou City, Guangdong Province, the "Ceramics Capital" of the PRC. Production of ceramics relies heavily on LPG. Our mission is to provide environmental-friendly business supply of LPG. As a supplier capable of international deliveries, we devote ourselves to providing our customers with only the best.
Core Value
Outstanding Quality, Dedicated Service
1. Our Beliefs
We believe in being safe and environmentally friendly, as well as building sincerity and trust
2. Our Vision
To establish an internationally renowned enterprise and build an integrated energy brand
3. Mission Statement
To honour our obligations to our investors, to lead the way forward for the industry, and to share our success with society.
4. Entrepreneurial Spirit
We are unwavering, cooperative, responsible and innovative.
5. Management Principles
These are founded on the fundamentals of 4S: Spread, Syncretize, Share, and Service
6. Our Service Motto (BLUE)
B - for Bright, the way we stay flexible and adaptive to our customer needs
- - for Labor-saving, the cornerstone of efficiency
U - for Ultra-pure, the impeccable quality of our product
E - for Expediently, so our customers always enjoy maximum convenience
The Group captures about 40% of the local market share. In addition to importing most of the raw materials, namely butane and propane, from overseas suppliers and processing these into LPG, it also directly purchases LPG from domestic refineries for sale to customers across the PRC, and exports to Vietnam, the Philippines and Thailand in Southeast Asia.
Ouhua Energy is equipped with a comprehensive suite of production facilities, including over 100,000 cubic metres of LPG storage facilities, and a current annual LPG production capacity of 900,000 tonnes. These facilities are well located in a prime waterfront area supported by wharves that enable the Group to serve diverse markets beyond a geographical radius of 500 kilometres by land and 10,000 kilometres across the sea.
As a licenced tier-one LPG distributor, the Group is focusing its efforts on developing the LPG retail chain, including the construction of urban gas pipeline system. Moving towards a green, low-carbon emission economy environment, LPG is a clean energy and can be widely used in commercial vehicles. The Group is also committed to exploring the market in LPG-filling gas stations, to further integrate advanced technology into its operations and extend the product chain which utilises the same raw materials to ensure that it retains a competitive position in imports. In year 2020, Chaozhou Ouhua Energy Co., Ltd was designated as one of the designated delivery warehouse for LPG by Dalian Commodity Exchange.
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Ouhua Energy Holdings Limited published this content on 24 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2021 09:58:06 UTC.
