As stakeholders are inseparable from a company's operations, stakeholders' demands represent the key to a company's sustainability and success. By communicating with stakeholders and responding to topics of concern to them, we continue to review and improve the effectiveness of our implementation of sustainable development. We have identified six categories of stakeholders, including shareholders, customers and trading partners, employees and labor union, suppliers and contractors, community and local groups, and central and local governments. Our channels of communication with stakeholders and the topics of concern to them are listed in the following table:
Stakeholder | Significance to CSCC | Communication channel and frequency | Topic of concern | Response to topic |
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Shareholders | We assist shareholders in understanding the value of our investments, which can help our company refine strategic adjustments to operational growth and sustainability |
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1.1 Economic Performance 1.2 Corporate Governance 1.3 Risk Management 1.4 Legal Compliance |
Customers and trading partners | What customers and trading partners require of us can help to boost technology development and process planning |
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3.1 Products and Services 3.2 R&D and Innovation 3.3 Customer Service |
Employees and labor union | Opinions from employees and labor union can contribute to a better work environment |
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4.6 Green Living 5.1 Personnel Composition 5.2 Human Resource Management 5.3 Comprehensive Workplace 5.4 Workplace Health and Safety |
Suppliers and contractors | Supplier evaluation and management allow for two-way communication on environment, safety and health regulations and code of ethical conduct |
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3.4 Supplier Management 5.5 Safety Management and Emergency Response |
Community and local groups | Interaction with community groups in areas surrounding our operations can deepen our social influence |
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6 Giving Back to Society |
Central and local governments | Adherence to policies and orders issued by governments at all levels can help our company enhance compliance with the relevant laws and regulations |
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1.2 Corporate Governance 1.3 Risk Management 1.4 Legal Compliance 4.3 Water Resource Management 4.4 Air Pollution Control 4.5 Waste Reduction Management 4.6 Green Living |