Zhitong Financial APP learned that recently, China Financial Holdings (00875) released the 2022 Environmental, Social and Governance report (hereinafter referred to as the "ESG report"), which fully demonstrated the company's determination to sustainable development. The report comprehensively describes the ESG performance and management measures of China Financial Control in fiscal year 2022 from the environmental, social and governance dimensions, helping the company to continue to create economic and social value and promote long-term sustainable development.
According to the ESG report, on the environmental front, China Financial Holdings has adopted ISO14001 environmental management system standards at agricultural operations to improve energy efficiency, reduce emissions and improve environmental performance, with a view to achieving the goals of green agriculture and sustainable development, laying out sustainable agricultural methods and using organic fertilizers to reduce pressure on the environment.
At the same time, as a basic principle of protecting nature, China Financial Control will implement preventive measures with a view to fulfilling its commitment to protect the environment and allocate resources to combat climate change. Environmental measures are designed according to business segments, in which the agricultural business implements sustainable planting methods, including intercropping and rotation to recuperate the soil. Keep farmland highly hygienic to prevent pests and make crops healthier, while reducing the demand for pesticides and fertilizers. To further protect the environment, the company has also built isolation barriers around farmland to prevent any possible outflow of pesticides.
Using fiscal year 2021 as the base year, the company aims to reduce resource use and emissions and reduce energy consumption by 3 per cent through good practices in resource management.
In terms of corporate governance, China Financial Control has set up a sound ESG management system to strengthen compliance management and consolidate the management foundation. The company's recruitment and employment mechanism is transparent, and during the reporting period, it provides a total of 107 hours of training and 11.7% employee training to various types of employees. It also attaches importance to the protection of the health of all employees in the workplace and work-related activities. There have been no deaths in the past three years.
In addition, China Financial Control has also established a sound procurement system. During the reporting period, all major suppliers of China Financial Control were regularly evaluated and monitored by suppliers. In accordance with the company's guidelines for organic fertilizers and traditional fertilizers, organic fertilizers were preferred and organic fertilizers were purchased first. In order to ensure the legality of the configured pesticides, the company only selects qualified pesticide suppliers approved by the relevant departments.
As a responsible corporate citizen, China Financial Holdings is committed to energizing the local community. As a food trader and producer, the company participates in the "Save Food" project organized by the canteen under the Xiaobao Charitable Foundation. The scheme saves edible food waste from different sectors of the food industry, escapes the fate of being discarded, and, after complying with strict safety procedures, makes nutritious hot food in the central kitchen of the canteen and redistributes it to the local vulnerable groups. The company believes that by contributing to this meaningful program, we can spread the awareness of cherishing food to the society.