ESG stands for Environmental, Social and Governance. It is a new enterprise evaluation standard that pays attention to the performance of enterprise environment, society and governance rather than financial performance.ESG promotes a way of doing business that delivers sustainable returns over the long term. The environmental aspect of ESG evaluation considers the impact of enterprises on the environment. For example, how do enterprises manage and control the discharge of various pollutants in the production process (including direct pollution and pollution caused by their own production and operation，indirect pollution produced by upstream and downstream activities) and the way of waste treatment. By improving ESG management level, enterprises can enhance their ability to cope with crises. Good ESG performance is an invisible wealth, and enterprises find the negative environmental impact caused by their production process earlier and take measures. It can reduce the penalties imposed by regulatory authorities for environmental violations in the future.
Environmental issues, social responsibility and governance issues have become important challenges faced by modern enterprises. ESG has gradually become the key to the sustainable development of enterprises. The importance of ESG system is that it can measure the sustainable development ability of enterprises from multiple dimensions. It plays an important role in improving the transparency and responsibility of enterprise development. With the proposal of carbon peak and carbon neutral target, ESG system also plays an important role in dealing with climate change. In this context, enterprises need to use ESG as a guiding principle to assess their sustainability and social value. At the same time, investors also need to make portfolio decisions based on ESG elements to promote sustainability and social responsibility. Therefore, the ESG system is not only an important tool for sustainable development of enterprises, but also an important way to promote social governance reform.
According to the requirements of ESG, Liancheng discloses ESG information through annual reports, sustainable development reports, social responsibility reports, environmental reports, announcements, corporate official websites, etc. The investors and customers can better understand the company's ESG performance, assess the sustainability and risk of enterprises more accurately.
Through ESG assessment, Liancheng Precision can identify its own risks and take measures timely to reduce losses after finding problems. By paying attention to social responsibility, we can actively participate in social public welfare undertakings. By improving employee welfare, optimizing supply chain management, and strengthening cooperation with universities, the company can enhance its influence and cohesion.
The company promotes high-quality development in accordance with the ESG requirements of listed companies. Liancheng has passed ISO14001, OHSAS18001, ISO45001 and other international management system certification. The company attaches great importance to the requirements of national environmental laws and regulations and emission implementation standards. Every year, the annual environmental objectives, indicators and management plans are formulated, and a large amount of funds are invested to install and update environmental protection equipment. The foundry workshop meets the standards of smokeless, dust-free and zero emission, and creates a safe, healthy and comfortable working environment for workers.
Liancheng Precision's investment in environmental protection is ensured. The company installs environmental protection facilities for existing equipment, consider environmental protection for new production lines in design and construction phases. Liancheng Precision has become an environmental protection demonstration enterprise in the foundry industry of Shandong Province and Jining City. In October 2018, Liancheng Precision was rated as a national green factory by the Ministry of Industry and Information Technology (MIIT).
Liancheng Precision entrusts qualified testing institutions to test the pollution discharge outlets every year, and always meets the emission standards strictly. The company meets the national and local standards of Shandong Province ---“the Integrated Emission Standard of Regional Air Pollutants”.
Liancheng precisely studied and implemented the thought of ecological civilization. The company earnestly fulfills the main responsibility of pollution control, improve the working environment of employees, and eliminate the occurrence of occupational hazards of employees.
