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1、Unit No.5,6th Floor,Wing On Plaza,No.62 Mody Road,Kowloon,Hong KongTel：852-2175 5388 Fax：852-2175 5383 No.5,Zone D,Central Science and Technology Industrial Park,Foshan District,Foshan City,Guangdong Province,China(Postcode:528137)Tel：86-757-8533 2727 Fax：86-757-8538 7628 Website：2024Environmental,S
2、ocial andGovernance ReportCONTENTS1BOARDS STATEMENT22GOVERNANCE FIRST,RESPONSIBILITY FOREMOST43STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE194ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE285HUMAN-ORIENTED,SINCERITY AND TRUSTWORTHY416COMMUNITY PARTICIPATION AND SHARING607ABOUT THIS REPORT
3、648APPENDIX661 BOARDS STATEMENT02XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司BOARDSSTATEMENT1BOARDS STATEMENT 103Environmental,Social and Governance Report 20241 BOARDS STATEMENTGiven major challenges as witnessed globally including climate change,resource scarcity and social inequality,the role of
4、enterprises has no longer limited to economic value creation but also tasked with the mission to promote environmental protection,social responsibility and good governance(“ESG”).As a leading enterprise in the aluminium product industry,Xingfa Aluminium has always been adhering to the mission of“Pur
5、suing Excellent Quality and Serving Global Customers”,devoted to integrating the concept of sustainable development into its corporate strategies and daily operations and responding to the global appeal for sustainable development with practical actions,while steadily advancing towards the vision of
6、“Becoming an International First-Class Aluminium Product Manufacturing Enterprise with Professionalism and Dedication to Excellence.”In 2024,Xingfa Aluminium made significant progress in ESG.We have strictly followed the Environmental,Social and Governance Reporting Guide of The Stock Exchange of Ho
7、ng Kong Limited and actively aligned with the applicable Sustainable Development Goals(“SDGs”)of the United Nation 2030 Agenda for Sustainable Development to comprehensively promote the sustainable development practice in a wide range of areas from environmental protection,employee rights and intere
8、sts,community participation to corporate governance.We deeply understand that the success of a corporate does not only come from improving its economic efficiency but also arise from environmental protection,care for employees and contribution to the society,all of which is based on our core values,
9、namely“Customer First,Quality Foremost,Innovation Leading,Ingenious Craftsmanship”.In terms of environmental protection,we continued to invest in resources and optimize our production processes aiming at reducing carbon and waste emissions as actively promoting the establishment of green factories.T
10、hrough introducing solar photovoltaic power generation,energy-saving equipment and intelligent management systems,we have set an example of green production for the industry,fulfilling our promise of“Better Building,Better Life”in addition to lessening energy consumption.As for employee rights and c
11、areer development,insisting on a people-oriented approach,we provided a fair working environment and diversified training opportunities to ensure the growth and development of every employee in a safe and healthy nature.In terms of community involvement,apart from actively fulfilling our corporate c
12、itizenship responsibilities,we have been committed to creating more value for society through charitable donations,help-poor and schooling campaigns,and environmental protection and public welfare activities.This report details the ESG practices and achievements of Xingfa Aluminium in 2024,covering
13、various fields including environmental protection,resource management,employee rights and community involvement.In virtue of this report,we hope that all the stakeholders will be able to see our efforts and commitments on the path of sustainable development while all parties are sincerely invited to
14、 join hands with us to boost green transformation and social progress.Looking ahead,Xingfa Aluminium will continue to focus on sustainable development,further deepen its ESG practices,and proactively address global challenges including climate change and resource scarcity.We believe that only by con
15、tinuous innovation and cooperation can we realize the harmonious coexistence of enterprise,society and environment,becoming a stronger contribution to the better life of human beings and truly realization of our corporate vision of“Better Building,Better Life”.Chairman of the Board WANG Li26 March 2
16、0252 GOVERNANCE FIRST,RESPONSIBILITY FOREMOST04XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司GOVERNANCE FIRST,RESPONSIBILITY FOREMOST2Corporate governance,the cornerstone of sustainable development,is the core of achieving Xingfa Aluminiums long-term steady operation.This section elaborates our practi
17、ces and results in governance structure,transparency,ethical compliance,data security and supply chain governance.We secured our responsibilities performed to the environment,society and stakeholders while pursuing economic benefits via our well-established board supervision mechanism,transparent in
18、formation disclosure system,strict ethical conduct code and effective supply chain management.Good corporate governance is believed to enable corporate competitiveness plus creating long-term value for the community and assisting the realization of the SDGs.Build resilient infrastructure,promote inc
19、lusive and sustainable industrialization and foster innovationEnsure sustainable consumption and production Promote peaceful and inclusive societies for sustainable development,provide access to justice for all and build effective,accountable and inclusive institutions at all levelsGOVERNANCE FIRST,
20、RESPONSIBILITY FOREMOST 205Environmental,Social and Governance Report 20242.1 Corporate Structure with clear responsibilities2.1.1 Roles and responsibilities of the BoardAs the highest decision-making body of the Company,the Board is responsible for leading and supervising the overall operation of t
21、he Group,including the approval of business development,investment decisions and strategic planning,as well as the maintenance of the effectiveness of the risk management and internal control systems.Meanwhile,the Board is also responsible for monitoring the overall performance of the Group to ensur
22、e steady corporate development.Currently,there are three specialized committees under the Board,namely the Audit Committee,the Nomination Committee and the Remuneration Committee,each of which carries out its work in accordance with its terms of reference and reports regularly to the Board on its pr
23、ogress and achievements.BoardNomination CommitteeCore Management TeamAudit CommitteeRemuneration CommitteeThe Executive Directors,supported by senior management,formed the core management team of the Company.The Executive Directors are responsible for formulating the business strategies and developm
24、ent plans of the Group along with ensuring their alignment with the long-term corporate objectives.The senior management is responsible for enforcement and monitor of implementing such plans and ensuring the effective fulfilment of strategies so as to drive the continuous growth and innovation of th
25、e Group.2.1.2 Establishment and Implementation of Risk Management and Internal Control SystemsThe Board has overall responsibility for maintaining the robust and efficient risk management and internal control systems of the Group as securing the consistency which with the overall corporate strategic
26、 objectives.Apart from involving in the formulation and approval for the risk management strategies of the Group,the Board also bears duty for overseeing such strategic implementation by the senior management besides reviewing key risks and mitigation measures as the effectiveness guarantee for risk
27、 management framework.The Group made efforts to ensure a comprehensive risk identification and assessment through a bottom-up and top-down combined risk management approach,with risks bottom-up identified and ranked by each business unit,whereas as for top-down approach,the management reviewed wheth
28、er each business unit has comprehensively identified and reasonably ranked risks before appropriate handling.The management team monitors emerging risks regularly aside from formulation of the internal audit plans focusing on risk management and continuous evaluation on the appropriateness and effec
29、tiveness of the risk management and internal control systems,thereby enhancing the overall effectiveness regarding risk and control framework of the Group.2 GOVERNANCE FIRST,RESPONSIBILITY FOREMOST06XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司The risk management and internal control systems of the G
30、roup was designed to minimize risk coupled with asset protection,fraud prevention and detection,and shareholder interests safeguard.Maintenance of an accurate accounting record of the Group benefited from the systems which also assisted its compliance with relevant laws and regulations.The Board car
31、ried out a thorough review covering the entire financial year concerning the risk management and internal control systems on an annual basis.Furthermore,the Audit Office,the internal audit unit established by the Group,is subordinate to the Board and operates guided by the Audit Committee.By strateg
32、ic goal analysis,business process evaluation,risk analysis and performance measurement,the Audit Office formulated the internal audit work plans in conjunction with the internal control self-inspection mechanism of comprehensive risk management together with regular reports to the Audit Committee an
33、d the Board of Directors on the audit results and recommendations for internal control improvement,so as to ascertain the compliance and efficiency in the operations of the Group.BoardCore management teamEach business unit of the CompanyUp-downBot to m-upAudit Office2.1.3 ESG Governance FrameworkIn
34、terms of ESG governance,the Board of the Group played a significant role in promoting sustainable development as assuming full responsibility for its ESG strategies and reporting as well as monitoring ESG-related policies,measures and performance of the Group.The Board actively fulfills its ESG gove
35、rnance responsibilities by assessing and determining our ESG-related issues and risks other than guaranteeing the establishment of the appropriate and effective ESG risk management and internal control systems of the Company.In the meantime,the Board required the management of the Company to report
36、regularly on the aspects including implementing ESG efforts and target progress of our subsidiaries,and to deliver decisions on key ESG issues timely,including by reviewing and approving ESG reports which aimed to understand the ESG performance of the Companys business.At the subsidiary level,we hav
37、e conducted an ESG accountability whereby each employee of the Company has his or her own ESG responsibility.For the sake of ESG responsibility implementation,responsibility letters must be signed in each subsidiary between the general manager and the vice-general manager,the vice-general manager an
38、d the department super visors of each workshop,and each workshop department and the shifts at each level,achieving the horizontal and vertical interlock regarding responsibilities altogether.GOVERNANCE FIRST,RESPONSIBILITY FOREMOST 207Environmental,Social and Governance Report 20242.1.4 Sustainable
39、Development StrategyThe United Nations(“UN”)adopted the 2030 Agenda for Sustainable Development in 2015,announcing 17 Sustainable Development Goals(“UN SDGs”),which cover the global challenges facing society today,including those related to poverty,inequality,climate,environmental degradation,prospe
40、rity and peace and justice.With these goals,the UN hopes that companies can achieve their own sustainable development while promoting the sustainable development of society.As a corporate citizen,the Group fully understands the importance of global sustainability and endeavours to respond to the UN
41、SDGs.It is committed to creating value in five major aspects,that is,“Striving for Perfection and Pursuit of Excellence”,“Protecting the Environment,Co-existence and Co-prosperity”,“Human oriented,Sincerity and Trustworthy”and“Community Participation and Sharing”.By doing so,we fulfil corporate soci
42、al responsibilities(“CSRs”)and make progress towards sustainable development.While adhering to the corporate mission of“letting the aluminium industry bring excellence for better human life”,the Group has also formulated a sustainable development strategy,which covers the following:Sustainable Devel
43、opment StrategyStrategic ObjectivesUN SDGsGovernance First,Responsibility ForemostEnsuring an effective governance structure when managing various types of risks and safeguarding the orderly corporate operationsGoal 9:Build resilient infrastructure,promote inclusive and sustainable industrialization
44、 and foster innovationGoal 12:Responsible Consumption and ProductionGoal 16:Peace,Justice,and Strong InstitutionsStriving for Perfection and Pursuit of ExcellenceAdhering to the vision of“creating excellence in Xingfa as a century old brand”,strengthening technological innovation,developing high-tec
45、h products and accelerating the industrialisation of patented productsGoal 3:Good Health and WellbeingGoal 12:Responsible Consumption and ProductionEnvironmental Protection for Sustainable CoexistenceWhile consolidating Xingfa products,we are committed to protecting the environment and leading green
46、 production in the industryGoal 7:Affordable and Clean Energy Goal 13:Climate ActionHuman-oriented,Sincerity and TrustworthyAdhering to the talent concept of“Human-oriented,Sincerity and Trustworthy”,we are constantly optimising the talent management model and building an excellent management teamGo
47、al 1:No PovertyGoal 8:Decent Work and Economic Growth Goal 10:Reduced InequalitiesCommunity Participation and SharingWe are actively ensuring the safety of staff,giving back to the community and working with all parties to achieve growth and a win-win situationGoal 3:Good Health and WellbeingGoal 11
48、:Sustainable Cities and Communities2 GOVERNANCE FIRST,RESPONSIBILITY FOREMOST08XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司2.2 Transparency and Openness While Sharing Information2.2.1 Stakeholder EngagementThe Group is committed to maintaining good relationships with stakeholders,as it regards them
49、as the bedrock of its business development.By actively identifying stakeholders,we establish and constantly improve various communication mechanisms.Through active and effective communication,we gain an in-depth understanding of the expectations and requirements of stakeholders.We highly respect and
50、 safeguard the legitimate rights and interests of stakeholders.By well balancing the relationship with shareholders,employees and various sectors of society,we work with them to attain sustainable,sound and steady development.To answer the expectations and requirements of stakeholders,the Group inco
51、rporates their concerns and requirements into its sustainable development issues and actively responds with practical actions to strive for the mutual growth with stakeholders.During the Year,we continued to engage regularly with key stakeholder groups in a variety of formats to ensure we could comm
52、unicate effectively on topics of stakeholder concern.Stakeholder categoryMajor expectationsMajor communication methodsStaffEqual opportunities Salary and benefitsOccupational health and safetyEmployee developmentIntranetTraining and employee activitiesTrade union and workers congressVarious seminars
53、Governments and regulatory institutionsCompliance operation Tax complianceJob creationPromote local economic developmentRegular reporting Supervision and inspectionInvestment institutions/shareholdersCorporate governance Shareholders interests Information disclosureRisk management and controlCompany
54、 announcements General meetingsRoadshow and reverse roadshow Strategy meetingEmail,telephone,WeChat and corporate websiteSuppliers/contractorsIntegrityMutual benefit for win-winBidding and tenderingReview and evaluation meeting Regular communicationEmail,telephone,WeChat and corporate websiteCustome
55、rsBrand influence Product quality Service standardCustomer opinionCustomer opinion surveyCustomer centre and hotlineCustomer visitsExhibition fairsGOVERNANCE FIRST,RESPONSIBILITY FOREMOST 209Environmental,Social and Governance Report 2024Stakeholder categoryMajor expectationsMajor communication meth
56、odsIndustryComply with industry regulations Promote industry development Industrial innovationIndustry forums and exchanges Site visitsResearchMediaInformation disclosureSocial contributionsResult announcement conference Media open daySpecial reportsLocal communitySupport public welfareCreate a harm
57、onious communityCommunity activities2.2.2 Materiality AssessmentIn our previous reports,we have identified and assessed the materiality based on industry trends,practices of peer companies,the Sustainability Accounting Standards Board(“SASB”)industry-specific topics,and the key concerns of ESG-relat
58、ed rating standards.As there were no significant changes in our organisational structure,business scope and size during the year as compared with the previous reporting year,upon the recommendation of an independent third-party professional advisors,we have conducted a review of the material issues
59、based on the issues identified in the previous environmental,social and governance report.Identification of ESG IssuesReviewed the list of topics based on the latest industry trend.Sequencing of ESG issuesUnderstanding the qualitative insights of different stakeholders on identifying material issues
60、 through daily business engagement.Analysis and review of materialityBased on the opinions collected above,the management verified the results of the materiality assessment and reported to the Board for recognition.Both the Board and the management considered that the material issues for the Year we
61、re the same as the previous year.2 GOVERNANCE FIRST,RESPONSIBILITY FOREMOST10XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司The following sets out the degree of importance of various issues identified from the Groups materiality assessment during the Year:Importance to stakeholders,the environment and
62、the societyImportance to Xingfas business and sustainable developmentMateriality matrixHighestHighestEnvironmental issuesSocial issuesEnvironmental ComplianceLand resources and impact on biodiversityWastewater discharge and managementExhaust emissions and managementWaste ManagementUse of water resou
63、rcesEnergy usageGHG emissionsResponse to climate changeEmployee compensation and bene tsEmployeedevelopment and trainingHuman rights and labour rightsEmployee participation and communicationOccupational health and safetySupplier environmental&social risk assessment and managementProduct quality cont
64、rolAnti-corruptionCommunity participation and contributionGOVERNANCE FIRST,RESPONSIBILITY FOREMOST 211Environmental,Social and Governance Report 2024The following are the nine material issues of the Group identified from the above materiality matrix:High-materiality issuesOverviewEnvironmental issue
65、sWastewater Discharge and ManagementThe impact of water pollutant(e.g.heavy metals,ammonia nitrogen,organic matter,etc.)discharged during our operations on the surrounding water bodies and ecology and the mitigation measures taken to reduce the impactUse of EnergyEnergy management measures taken to
66、reduce energy consumption and enhance energy efficiency in our operations(e.g.reducing the use of dyes,electricity,heating,steam,etc.)Waste ManagementThe methods of handling hazardous and non-hazardous waste during our operations and the waste reduction measures taken to minimise the impact on ecolo
67、gy and human healthExhaust Emissions and ManagementThe impact of air pollutant(e.g.nitrogen oxides,sulphur oxides,particulates,volatile organic compounds,etc.)emitted during our operations on the ecological environment and human health and measures to reduce their impactEnvironmental ComplianceEnvir
68、onmental compliance in our operations and identification of areas for improvement(e.g.whether all environmental permits required by laws and regulations are in place and in compliance with the relevant legal and regulatory requirements)Use of Water ResourcesWater conservation measures taken to consu
69、me water reasonably and enhance water efficiency during our operationsSocial issuesOccupational Health and SafetyTo protect the occupational safety of our employees,provide a suitable working environment and promote their physical and mental healthAnti-corruptionPolicies and controls in place to pre
70、vent bribery,extortion,fraud and money laundering(e.g.anticorruption training,effective awareness and whistle-blowing mechanisms,etc.)in our daily operations and procurement processesProduct Quality ControlPolicies and measures adopted to improve our product quality and ensure our products could mee
71、t related standards2 GOVERNANCE FIRST,RESPONSIBILITY FOREMOST12XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司2.3 Ethics First,Focusing on ComplianceThe Group attaches great importance to the integrity of its team,requires managers at all levels to set examples for others to follow suit and maintains a
72、“zero-tolerance”approach to fraud and corruption through advancing good practice.We have been continuously improving the internal control mechanism and whistle-blowing mechanisms to eradicate various forms of corruptive and fraudulent behaviour,including bribery,extortion and money laundering.The Gr
73、oup arms employees with the bottom-line mindset to strengthen internal education and intensifies the supervision of corruption-prone aspects and post holders.Meanwhile,we also conduct the Party Discipline Month activities for Party branches and hold meetings on Party conduct and government integrity
74、 and anti-corruption to develop the awareness of integrity among Party members and cadres,a prerequisite for achieving the strategic goal of“no one daring,being able,or wanting to be corrupt”.We strictly implement the code of conduct for anti-corruption and anti-bribery in accordance with the releva
75、nt national policies,laws,rules and regulations.The above code of conduct clearly specifies that staff must abide by strict code of ethics and must not engage in malpractices such as corruption or bribery,receiving secret profits and gifts from customers,or misappropriation of funds.It is applicable
76、 to material procurement,outsourced processing,facility projects,business sales,equipment procurement and maintenance,quality supervision,other economic activities and belongings.At the same time,all customers,suppliers,service providers and underwriters who have business relationships with the Grou
77、p are also covered by the code,which contains the following aspects:Requirements of anti-corruption and anti-bribery conduct for procurement and sales staff;Requirements of capital management involving anti-corruption and anti-bribery conduct during the procuring and selling processes;Requirements o
78、f anti-corruption and anti-bribery conduct for accounting cashiers;Regular check on the evaluation system;Whistle-blowing registration system.The whistle-blowing registration system implemented by the Group allows employees to report violations of code of conduct to the Group.Every reported case is
79、handled in a confidential manner and followed up according to the relevant policies and procedures.Anyone who violates the code of conduct shall be given a warning,demotion or dismissal depending on the severity of the matter.The Group will never tolerate any form of corruption.If an employee is fou
80、nd to be involved in corruption or other criminal offences,we will transfer the case to the disciplinary inspection and supervisory bodies,judicial authorities or other related government departments for handling.During the Reporting Period,there was no misconduct or regulatory non-compliance relate
81、d to bribery,extortion,fraud and money laundering in the Group while neither the Group nor any of our employees was involved in any corruption legal case that had already been filed and concluded.GOVERNANCE FIRST,RESPONSIBILITY FOREMOST 213Environmental,Social and Governance Report 2024Henan Company
82、 Party-day Themed ActivityOn 29 July 2024,the Party branch of Henan Company held a Party-day activity with the purpose for strengthening the sense of identity and responsibility in the hearts of party members,encouraging them to work with integrity and aspiration.This intended to further consolidate
83、 the role of the Party branch as a battle fortress along with impelling the high-quality development of the company.The activity included three main sessions:1.Party spirit education experience:Party cadres visited the Li Tangjie Memorial Integrity Education Base in Wen County for in-depth understan
84、ding of life story of Li Tangjie and feeling his cleanliness and honesty and serving spirit,leading to further bolstering of the party members to serve the public with clean and honest beliefs in politics.2.Review on the oath of joining the Party:Led by branch secretary Li Meiyu,all the party member
85、s reviewed the oath of joining the Party.Swearing on the oath sonorously,they expressed loyalty and love for the Party and turned motivated to continue moving forward.2 GOVERNANCE FIRST,RESPONSIBILITY FOREMOST14XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司3.Collective Political Birthday:The branch se
86、cretary gave gifts and messages to the party members for their“Political Birthday”as the encouragement for them to remember the original intention of joining the party,bear in mind the mission,based on their positions give full play to their role as pioneers and role models,and contribute to the hig
87、h-quality development of the company.Apart from being a serious faith hammering,this activity played a role of profound party spirit education,while the party members stated their wishes to turn the learning gains into work momentum along with the determination to make new contributions to the devel
88、opment of the company.GOVERNANCE FIRST,RESPONSIBILITY FOREMOST 215Environmental,Social and Governance Report 2024Jiangxi Company-Party Style and Integrity BuildingWith help of the guidance from the Party Committee of Jiangxi Company and the Party Committee of the Development Zone Authorities,the Par
89、ty branch of the company has persisted in improving comprehensive and strict governance of the Party,giving full play to the leading role of the Party building,and deeply promoting the integrated strategic objective of“no one daring,being able,or wanting to be corrupt”,laying a strong political guar
90、antee for the healthy development of the enterprise.With a perfect supervision mechanism established,the company set up strict implementation standards for various expenses when Discipline Inspection and Audit Department of Xingfa Aluminium Group conducts regular supervision and inspection to assure
91、 the implementation of various regulations.At the same time,a party building culture gallery has been set up by the company in the office building with an Integrity Culture Wall added to guide the party members and cadres to establish anti-corruption and integrity awareness from their bottom of hear
92、ts through publicity and education,so as to create a clean and upright working atmosphere.At the beginning of 2024,the party branch secretary and the Party Committee of Jiangxi Company entered into the“Responsibility Letter on Improving Party Conduct and Upholding the Integrity(黨風廉政建設責任書)”,which fur
93、ther clarified the responsibilities and objectives of improving party conduct and upholding the integrity.From April to July,the party branch of the company organised the party discipline learning and education activities for all the party members and management,by issuing the White Paper,“Disciplin
94、e and Punishment Regulations of the Communist Party of China”(中國共產黨紀律處分條例 白皮書),watching education films with warning effect,and launching the on-site teaching at the red education base,and other forms of in-depth learning of the party discipline regulations to strengthen the cultivation of party spi
95、rit.In addition,the party branch secretary taught a special party lesson on party discipline learning and education under the topic of“Achieve the four things and set up a benchmark in four aspects(做到四有，樹立四個方面標桿)”.Also,at the weekly meeting and quarterly conclusion meeting,in addition to safety prod
96、uction and integrity education promotion to the heads of various departments,one-on-one heartfelt talks were held with the persons-in-charge of key departments to remind the management of keeping their firm beliefs,standardised behaviour,cleanness and integrity always.Leveraging on a series of measu
97、res to build party style and integrity,the company has further strengthened the sense of discipline,integrity and self-discipline of party members and cadres,placing a solid foundation for the healthy development of the enterprise.Looking ahead,the company will purse deepening the party style and in
98、tegrity construction to expand the overall strict governance of the party into the in-depth development,with the purpose of settling a strong protection for the enterprise to reach high-quality development.2 GOVERNANCE FIRST,RESPONSIBILITY FOREMOST16XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司2.4 Da
99、ta Security and Privacy FirstThe Group attaches great importance to information security and customer privacy protection in strict compliance with relevant national and local laws and regulations.The Group is the first enterprise in the industry to apply the“ERP modern management information network
100、 project”and established the“Integration of Informatisation and Industrialisation Management System Assessment”in 2017.The Group also works hard to keep customers information and privacy confidential and regulates the collection and preservation of customer information.For software that may contain
101、customer information,customers private information will be encrypted and relevant records will be kept for customer information operation purposes only.Given our informatisation,automation and digitalization standards,we utilised multiple information systems,adopted cloud computing,big data,Internet
102、 of Things,mobile 5G and other new technologies and integrated smart profile WMS,automated material multi-storey warehouse,automated mould multi-storey warehouse,energy information integrated management platform,production equipment data acquisition platform and comprehensive performance analysis pl
103、atform.Now,we are also accelerating the construction of industrial Internet platforms,to ensure the continuous improvement of our operational efficiency and overall management standard.The Group is committed to protecting customers personal privacy and attaches great importance to information securi
104、ty.In strict compliance with the relevant national and local laws and regulations,we ensure that customer information is used properly and prevent customer privacy leakage.We strengthen the“digital centre”multi-level information security protection as well as the network centre and industrial contro
105、l security.We believe that information security system construction is a comprehensive,three-dimensional project.In addition to strengthening the introduction of security equipment,we also need to carry out information security knowledge training for all staff members,to reduce the security risks ca
106、used by unnecessary user operation behaviour.In 2021,we completed the security assessment of two digital centres and one network centre and reinforced the security of user terminals.In the future,we will continue to accelerate the process of enhancing the security of industrial control networks to e
107、nsure that security risks could be reduced to a minimum.GOVERNANCE FIRST,RESPONSIBILITY FOREMOST 217Environmental,Social and Governance Report 20242.5 Supply Chain Governance and Win-Win for Green2.5.1 Supply Chain Environmental Risk ManagementWhile developing,we join hands with upstream and downstr
108、eam partners in the value chain to promote a responsible supply chain,constantly improve service quality and facilitate the healthy and sustainable development of the industry.We conduct a qualification review during tendering and stipulate that the bidder must meet the related requirements to becom
109、e our supplier.For example,the bidder must be a registered enterprise in the Peoples Republic of China,meet the relevant requirements as a legal person and possess a business licence and tax registration certificate.The bidder must provide product specifications,quality certificate,quality system ce
110、rtification(including environmental management system),credit certificate,etc.At the same time,we also require the bidder to meet CSR requirements in three different dimensions,that is,economic sustainability,environmental sustainability and social sustainability.The raw materials used in product ma
111、nufacturing of the Group are mainly aluminium ingots and aluminium rods.Most of its upstream suppliers are highly-polluted and high energy-consumption enterprises.Accordingly,we make every effort to minimise the environmental impacts of the upstream suppliers.We require our supply chain partners to
112、strictly comply with the specific requirements of the“Environmental Protection Law of the Peoples Republic of China”,the“Environmental Impact Assessment Law of the Peoples Republic of China”and other relevant laws and regulations.Meanwhile,we have also issued related internal provisions.Our environm
113、ental risk management policy for the supply chain includes the following:The policy requires suppliers to satisfy the requirements of regulatory,reporting and operational measures.For chemical materials purchases,general safety will be enhanced through strengthening environmental management,preventi
114、ng environmental pollution incidents and integrating supplier environmental risk management and supply chain management to achieve“overall safety”;Supplier assessment covers the assessment of risks associated with the supplier,which includes aspects relating to product quality and hazardous material
115、 control,supplier environment.and safety control;Letters of guarantee are to be entered into with suppliers on the exclusion of environmentally hazardous substances.All of these materials and parts are required to pass the tests conducted by professional testing organisations and testing reports wit
116、h official seals shall be provided.Based on such policy,the companies formulate and implement supply chain environmental risk management measures in light of their actual production and operation conditions.For example,when Chengdu Company organises its supplier files every year,it requires supplier
117、s to confirm that they are not accountable for any safety and environmental incidents in the previous year.Whether the suppliers passed the environmental impact and safety evaluation is the key inspection item of the Group in evaluating such suppliers.If any supplier fails to pass the evaluation,the
118、 supplier may be unable to fully guarantee the supply of products.As such,the Group will not sign any procurement contract with such supplier,to avoid related risks.2 GOVERNANCE FIRST,RESPONSIBILITY FOREMOST18XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司The Group established the“Procurement Managemen
119、t and Regulations of Guangdong Xingfa Aluminium Co.,Ltd.(廣東興發鋁業有限公司採購方式管理規定)”and added the“Procurement and Bidding Management Regulations(採購及招標管理規定)”to regulate the risk assessment procedures and assessment indicators in the procurement and bidding process,including environmental and social risk-rel
120、ated considerations.These environmental and social risk considerations are also reflected in the Groups“Supplier Qualification Evaluation Form(供應商資質評價表)”and“Supplier Annual Cooperation Evaluation Form(供應商年度合作評價表)”,forming a full closed-loop risk management from entry to continuous monitoring.In addi
121、tion,we have also implemented measures to control the environmental risks associated with factory parks.For example,Jiangxi Company signed an environmental protection agreement with the leasing units of the factory to clarify the environmental protection responsibilities of both parties and regularl
122、y visited each other to carry out environmental protection inspections.Meanwhile,we required outsourcing units with construction within the factory to sign safety and environmental protection management agreements,specifying the requirements for environmental protection management,and follow up with
123、 suppliers that fail to take environmental protection measures as required or cause pollution incidents.2.5.2 Supply Chain Social Risk ManagementThe Group has established supplier evaluation control procedures,major raw and auxiliary materials inspection and procurement procedures,quality objectives
124、 management and statistical requirements for managing and controlling the supplier evaluation processes and procurement.The Groups tendering and procurement team is led by the senior management,comprising the sourcing director and heads of companies and departments.Raw materials are mainly purchased
125、 by tender invitation.In order to reduce social risks in the supply chain,our social risk management policy for the supply chain includes the following aspects of content:Rules and regulations:The Group has established the“Supplier Management System of the Procurement Centre(採購中心供應商管理制度)”to define t
126、he functions and roles of supplier management as well as establish supplier classification,evaluation,selection,monitoring and other processes and criteria for considerations to cover environmental and social risks in the supply chain;Investigation on bidders qualifications:The policy states that th
127、e bidder must be an entity incorporated in the Peoples Republic of China,which meets the legal person capacity required by the bidding unit and possesses an enterprise business licence and tax registration certificate.The bidder must provide product specifications,quality certificate,quality system
128、certification(including environmental management system),credit certificate,etc.;Corporate Social Responsibility Management:The policy requires the suppliers of the Group to satisfy social sustainability.STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE 319Environmental,Social and Governance Report
129、2024STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE3Taking smart manufacturing with craftsmans spirit as the core,Xingfa Aluminium has been dedicated to creating high-quality aluminium products by fully implementing the Quality and Safety Plan Standards of the PRC and strictly abiding by the inter
130、national certification systems including ISO 9001.By continuously optimizing our production processes and upgrading our technology,we have achieved a double improvement in production efficiency and product quality.With the emphasis on R&D and innovation,we actively promoted industry-academia-researc
131、h cooperation and strengthened intellectual property management to provide diversified high-quality products and solutions to our customers.In terms of service,a comprehensive customer service system has been established for timely response to customer needs along with provision of professional tech
132、nical support and after-sales service,showing our commitment to create maximum value for customers.Xingfa Aluminium has been leading in the industry with its outstanding quality and innovative spirit,providing quality products and services to customers globally.Ensure healthy lives and promote well-
133、being for all at all agesEnsure sustainable consumption and production3 STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE20XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司3.1 Smart Manufacturing with Craftsmans SpiritThe Group takes smart manufacturing with craftsmans spirit as one of its missions,by fu
134、lly implementing the State Councils“Outlines for Building China into a Strong Nation in Quality Construction （質量強國建設綱要)and the“Work Safety Plan of China for the 14th Five-Year Plan Period(十四五 國家安全生產規劃)”and strictly abiding by the ISO 9001 quality management system,the government recognised laborator
135、y management system,measurement and certification management system,military certification systemand other systems.Our requirements for product quality are higher than the industry average.We introduced world-advanced production equipment to optimise the physical and chemical properties of our produ
136、cts,a prerequisite for realising lean production.Since the introduction,we have not only improved productivity,but also reduced the number of workers,staff workload and operational costs.This is a step further toward the benefit maximisation for the Group.During the Year,all the subsidiaries establi
137、shed Lean Production Teams with the“Improvement Week（改善周）”approach to conduct weekly on-site inspections,reviews and improvements.Moreover,the following is the progress made by the companies in performing lean production:Sanshui Company Introduce new transport vehicles and rail transport to reduce t
138、he reliance on manual operation and significantly reduce the use of diesel;Carry out automation transformation of production lines,such as the addition of automatic frame dismounting machines to reduce the demand for manpower,lower the labour intensity of workers and improve production efficiency.Ji
139、angxi Company Carry out different modifications and optimization of the equipment involved in the production process,such as modifying heat dissipation for air compressor and energy saving for aging furnace apart from addition of aluminium ash separator to improve production efficiency and reduce en
140、ergy consumption.Henan Company Replace eight high-efficiency new spray guns for the fluorocarbon production line to reduce losses;Transform and upgrade the horizontal fluorocarbon production line to improve production efficiency and reduce energy consumption;Added automatic welding frame line machin
141、es to reduce human resource demands.STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE 321Environmental,Social and Governance Report 2024Precision Manufacturing Company Deployment of New Automatic Logistics Systems and Waste Gas Treatment SystemsXingfa Aluminium has been insisting on building digital
142、 manufacturing plants for high-end aluminium profiles and aluminium deep processing products.Among them,Xingfa Aluminium Precision Manufacturing Company has attained digitalisation and intelligence in the entire R&D process,production and management through cloud computing,big data,intelligent logis
143、tics and other new technologies around the core of the“Digital Factory”,so as to empower the technological innovation and green transformation of the industry.In terms of digitisation and intelligence,Xingfa Precision has introduced advanced automation equipment and intelligent logistics systems,lea
144、ding to a significantly improved production efficiency and product quality.The nine intelligent extrusion production lines of the company contain from the complete production chain of moulds,surface treatment to intelligent warehousing when realising seamless convergence between processes through au
145、tomatic transport systems to decrease frontline production staff by 30%and lower manpower costs and energy consumption.In addition,the photovoltaic power generation technology adopted by the company generated 6.44 million kWh of electricity annually and reduced carbon emissions by 5.38 million kilog
146、rams per annum,setting an industry benchmark for green manufacturing.In terms of economic benefits,with the development of an energy-efficient Volatile Organic Compounds(“VOCs”)waste gas treatment system,the company significantly reduced its energy consumption of natural gas in the production line.C
147、ompared with the energy consumption of 50-55 cubic metres per tonne of the conventional system,the energy consumption of Xingfa Precisions system has been dropped to less than 10 cubic metres per tonne,resulting in an annual saving of approximately RMB3.927 million in natural gas costs.At the same t
148、ime,the residual heat recovery technology in the system also improved the product qualification rate plus further reduced production costs.Overall,Xingfa Precision has improved production efficiency and product quality additionally to setting an example for the sustainable development of the industr
149、y through digital transformation and environmental technology innovation.In the future,the company will pay unceasing attention to deepen its technological innovation with driving green manufacturing,in order to contribute more to the realisation of the“Double Carbon”goal.3 STRIVING FOR PERFECTION A
150、ND PURSUIT OF EXCELLENCE22XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司The Group exercises rigid quality control throughout the entire process.We have quality control points in every segment from casting,extrusion,moulds and surface treatment to ex-warehouse delivery,preventing defective products fro
151、m flowing into the next process.Meanwhile,we regulate quality inspection and evaluation measures for engineering projects,as a move to raise project management standards.For example,Jiangxi Company compiled documents such as the“Home Furnishing Product Framing and Loading Instruction Manual(家裝型材裝框及裝
152、車作業指導書)”,“Aluminium Model Recycling and Loading Specification(鋁範本回收裝車規範)”,and“Quality Control and Reward and Punishment Incentive System for All Employees(全員品質監控與獎懲激勵制度)”and updated documents including the“Process Standards for Painting Workshops(噴塗車間工藝標準)”,“Process Standards for Fluorocarbon Worksh
153、ops(氟碳車間工藝標準)”,“Process Standards for Extrusion Workshops(擠壓車間工藝標準)”and“Process Standards for Mold Workshops(模具車間工藝標準)”to provide guidance and specifications for quality assurance.Precision Manufacturing Company has continuously promoted the Process Governance and Lean Production projects,leveraging
154、 process analysis tools to sort out the production process together with creation of problem lists before targeted improvement.The quality control programs and various workshop standards have also been established in Zhejiang Company,a newly built workshop,covering the processes from casting,mouldin
155、g,extrusion,spraying,fluorocarbon to break.We also strictly control every detail of the operation process,carefully check whether there are quality problems such as grooves,rough lines and scratches on the profile surface and measure the profile angle and flatness through a square ruler to strive to
156、wards the goal of perfection.We fully implement the“Product Quality Management Manual(產品質量管理手冊)”,“Quality Department Management Plan(質量部管理方案)”,“QUASCAP Pearlescent Electrophoresis Profile Inspection Regulations(QUASCAP珠光電泳型材檢驗規程)”and“Internal Control Standards(內控標準)”,emphasise product quality manage
157、ment and strive to provide customers with satisfactory products,protect the ecological environment and maintain staff safety and health.The general manager of the Group holds a dealer meeting every year and visits key customers on an ad hoc basis every month to solicit opinions from customers on pro
158、duct improvement.In order to manage the recycling and processing of faulty products,we implement the“Control Procedure on Faulty Products(不合格品控制程序)”and the“Bad Quality Behaviour,Process Specification Supervision and Penalty System(不良質量行為、工藝規範監督和扣罰處理制度)”.During the Reporting Period,the Group did not
159、violate any laws and regulations related to product liability.STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE 323Environmental,Social and Governance Report 20243.2 Research and Development and InnovationThe Group has all along been committed to building core enterprise competitiveness by enhancing
160、 its technological innovation capabilities.Since its establishment,the Group has obtained more than 1,800 domestic and foreign patents and provided aluminium products and engineering solutions that cover over 200 thousand product specifications and models in all major areas of aluminium alloys,such
161、as door,window and curtain wall systems in construction,electronic equipment,mechanical equipment,rail transportation,aerospace and ships.With our strong R&D capabilities and persistent pursuit of excellent quality,a wide and stable sales network has been established in China and beyond in the past
162、over 30 years,so as to meet the needs of global customers for high-quality products.During the Year,Xingfa Aluminium obtained 54 patents in total,including 19 invention patents,20 utility model patents and 15 design patents.Among the newly developed products are new energy vehicle motor chassis prod
163、ucts,battery trays and heat sink products.Precision Manufacturing Company plans to complete the SCS Kingfisher Certification(Recycled Content Certification System)for its products in the first half of 2025.The SCS Kingfisher Certification is a widely recognised environmental protection certification
164、 that aims to ensure minimising the impact of products on the environment to realise environmental protection and energy conservation during production,use and disposal,thereby reinforcing global sustainable development while fostering the recycling economy development,leading to green production in
165、 enterprises.Furthermore,the Group actively conducts industry-university-research collaboration with universities and research institutes.For example,during the Year,Chengdu Company cooperated with Chongqing University to conduct research on the organisational properties of aluminium alloy extrusion
166、 deformation and heat treatment while working together with Guangdong Polytechnic Normal University in the research and development of automatic inspection equipment for aluminium product moulds.Jiangxi Company implemented industry-university-research joint efforts with Nanchang University on the pr
167、oject“Strengthening the wear-resistant life of nitriding layer of H13 steel in moulds(模具H13鋼氮化層耐磨壽命強化)”,which applied new nitriding penetrating agent and multi-stage nitriding technology,enabling shorter nitriding time as improving organisation and density of the infiltration layer with increasing t
168、hickness and hardness,hereby bringing the life of the moulds with single nitriding longer 1 to 2 times.The finally developed new nitriding technology and process were popularized in an industrialised way throughout the Group.On the other hand,Jiangxi Company also submitted the“Gan Po Talent Support
169、Scheme Project（贛鄱俊才支持計劃項目）”for 2024 with Jiangxi University of Science and Technology.3 STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE24XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司Henan Company Industry-Academia-Research CooperationXingfa Aluminium has always been committed to advancing technolog
170、ical innovation and industrial upgrading through industry-academia-research cooperation.In 2024,Henan Company has implemented technological development projects jointly with a variety of universities and scientific research institutions,covering areas from the research and development of aluminium a
171、lloy materials,the optimisation of extrusion processes to green manufacturing technologies,becoming a further enhancement for the core competitiveness and market impact of the enterprise.In terms of the R&D of aluminium alloy materials,Henan Company conducted the project of Optimisation of Extrusion
172、 Technique of Large-sized Complex Aluminium Products（大型複雜鋁型材擠壓工藝優化）”with Nanchang Hangkong University,which enhanced the production efficiency and product quality of large-sized complex aluminium profiles through computer simulation and optimisation of mould structure design.Besides,the“Research on
173、Composition Design of High Strength Weather Resistant Aluminium Alloy Materials（高強高耐候鋁合金材料成分設計研究）”project with Harbin Institute of Technology focused on the development of new high-strength and weather-resistant aluminium alloys,as support for the enterprises application in the high-end market techn
174、ically.In respect of extrusion technology optimisation,Henan Company cooperated with Xiangtan University in the project of“Large-sized Aluminium Alloy Extrusion Material Manufacturing Technology Development（大規格鋁合金擠壓材製造技術開發）”to realise the efficient production of large-sized aluminium products throug
175、h bettering isothermal extrusion technology and heat treatment technology.Meanwhile,the“Aluminium alloy stirring friction welding process development（鋁合金攪拌摩擦焊接工藝開發）”project,in collaboration with Harbin Institute of Technology,researched the welding process of different series of aluminium alloy mate
176、rials,further developing the welding performance and application of the products.As for green manufacturing technology,teaming up with Xiangtan University,Henan Company started the project of“Development and Industrialisation of Green Recycled High-end Aluminium Industrial Materials（綠色再生高端鋁工業材的開發及產業
177、化）”,creating impetus to the industrialisation of green recycled aluminium materials through the control of recycled aluminium composition and purification technology of melts with technological guarantee for the sustainable development of the enterprise.Such industry-academia-research cooperation pr
178、ojects have not only enhanced the technical level and product quality of Xingfa Aluminium but also nurtured a group of high-quality R&D talents for the enterprise.Through close teamwork with universities and research institutes,Xingfa Aluminium has achieved remarkable results in the R&D of aluminium
179、 alloy materials,optimisation of extrusion processes and green manufacturing technologies,further consolidating its leading position in the industry.In the future,Xingfa Aluminium will continue to deepen the industry-academia-research cooperation,push technological innovation and industrial upgradin
180、g,and contribute more to the development of the industry.STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE 325Environmental,Social and Governance Report 2024The Group highly values intellectual property rights(“IPR”)management.In accordance with the requirements of the“Enterprise Intellectual Proper
181、ty Management(企業知識產權管理規範)”(GB/T 29490-2013)issued by the National Intellectual Property Administration(“CNIPA”),we have passed the certification of the“Enterprise Intellectual Property Management(企業知識產權管理規範)”system.We have formulated rules and regulations,including the“Intellectual Property Rights M
182、anagement System”(公司知識產權管理制度),“Patent Management System(專利管理制度)”,“Trademark Management System(商標管理制度)”,“Intellectual Property Rights Training Measures(知識產權培訓辦法)”,“Scientific Research Project Management System(科研項目管理制度)”and“Intellectual Property Rights Strategic Planning Programme(知識產權戰略規劃方案)”,so as
183、to strengthen the promotion of patent laws and regulations including the popularisation of patent knowledge,patent training,patent application and protection.3.3 Products and ServicesThe Group always puts customers and their satisfaction first place.Apart from satisfying customers demands for high-q
184、uality products,we also focus on providing them with timely and effective service solutions.The Groups sales network extends all over China and we are committed to building a customer service management mechanism through various customer service channels,including customer opinion surveys,customer s
185、ervice centres and hotlines,customer visits,exhibitions and large-scale activities such as super factories events.For the convenience of customers,we have also established online enquiry method on our website which enables a quick search on sales outlet locations,online messages,dealer portal websit
186、e enquiry,anti-counterfeiting enquiry and other options.In order to standardise customer service management and improve customer service quality,we provide the following after-sales service undertakings in our tender contracts:After receiving a customers quality feedback,Xingfa Aluminium will respon
187、d within 24 hours or dispatch service staff to the site as soon as possible for after-sales service until the customer is satisfied;Xingfa Aluminium will send technicians to the site to provide technical guidance services when needed;If there is any damage caused by the quality of the materials prov
188、ided by Xingfa Aluminium,such materials will be replaced free of charge;Xingfa Aluminium will actively participate in engineering coordination meetings organised by customers,strictly implement meeting minutes or signed agreements between the two parties and pay return visits regularly to understand
189、 the use of materials;After contract obligations are fulfilled,Xingfa Aluminium undertakes to continue providing users with the relevant technical services and answer users inquiries at any time;Xingfa Aluminium will further improve its services and implement timely service,advanced service,full-pro
190、cess service and high-quality service throughout the entire product manufacturing and installation process.3 STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE26XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司Xingfa Aluminium Innovative ProductsXingfa Aluminium has always been devoted to furtherance in p
191、roduct performance and user experience through technological innovation.The innovative breakthroughs of the Company in product design and functionality were fully reflected in the launching of the Outside Casement Windows All-In-One with Break Thermal Shades（斷橋隔熱窗紗一體外平開窗）and Three-Track Break Therma
192、l Break Sliding Doors（三軌斷橋隔熱推拉門）.Applying hidden drainage structure design to Outside Casement Windows All-In-One with Break Thermal Shades enables smoother drainage and effectively prevents water accumulation.Standard equipped with sealant injection angle pieces,45 splicing is achieved in the produ
193、ct for a more levelled and increasingly efficient sealing,which further enhances the thermal and acoustic insulation of the windows.The silent load-bearing hinge design reinforced the smoothness of opening and closing of the windows while the stronger wind pressure resistance of the windows benefits
194、 from the snap-on European standard grooves to settle it into being used in different climatic conditions.Additionally,installing cable ties on the inside and outside of the corner material further optimises the air and water tightness of the windows,ensuring a comfortable indoor environment would b
195、e available for users to enjoy even in extreme weather conditions.Highlighted by the ultra-wide frame design,Three-Track Break Thermal Break Sliding Doors own an overall heavy and sturdy door leaf with high stability and durability shown.The narrow-edge and hooked-rabbet design maximises the view as
196、 the transparency and aesthetics of the space gain enhancement.The anti-typhoon wheels effectively prevent the door leaf from falling with safety guaranteed,especially suitable for coastal or typhoon prone areas.Aside from simple and elegant design,these two products attained diverse innovation brea
197、kthroughs in functionality,fully meeting the high-performance needs of modern families for window and door products.Xingfa Aluminium will continue to uphold the spirit of innovation and provide users with higher quality and more environmentally friendly products,as assistance to create a comfortable
198、 and safe living environment.STRIVING FOR PERFECTION AND PURSUIT OF EXCELLENCE 327Environmental,Social and Governance Report 20243.4 Supporting Industry Development and Driving Technological InnovationIn 2024,the subsidiaries under Xingfa Aluminium took an active part in a wide range of industry act
199、ivities and projects,demonstrating the leadership and sense of responsibility of the enterprises in promoting industry development and technological innovation.Jiangxi Company participated in the appraisal of scientific and technological outcome of key R&D projects in Jiangxi Province,contributing t
200、o the technological progress of the industry by showcasing its technological breakthroughs and innovations in the aluminium profile field.Henan Company participated in the 2024 Zhongyuan Aluminium Product Upstream and Downstream Industry Annual Conference（中原鋁型材上下游產業年會）and Door,Window and Curtain Wal
201、l Industry Exchange Meeting（門窗幕牆行業交流會）to discuss market trends and cooperation opportunities with industry experts and enterprise representatives,and to develop the integration of industry resources and synergistic development.As for Zhejiang Company,its engagement in drafting the standards of the C
202、hina Nonferrous Metals Industry Association（全國有色金屬委員會）,delivering professional support for the development and improvement of the industry standards by virtue of its rich experience in the production and application of aluminium products.Such initiatives reflected both industrial influence of Xingfa
203、 Aluminium and its determination and motivation to enhance the high-quality development of the industry.Picture:Jiangxi Company participated in the appraisal of scientific and technological outcome of key R&D projects in Jiangxi Province4 ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE28XINGFA
204、ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE4At Xingfa Aluminium,safeguarding the environment and conserving resources lie at the core of our sustainable development strategy.We strictly comply with national environmental protection regulations and are ce
205、rtified under the ISO 14001 environmental management system,demonstrating our commitment to minimizing the environmental impact of our production processes.We have made significant strides in managing exhaust gas,wastewater,and waste materials by introducing energy-saving equipment,optimizing resour
206、ce utilization,and promoting green production.Meanwhile,we actively promote the adoption of renewable energy sources,such as solar photovoltaic power generation,to further reduce carbon emissions.Xingfa Aluminium will adhere to the principles of green development through innovative technologies and
207、efficient management,thus contributing to environmental protection,resource conservation,and the realization of global sustainable development objectives.Ensure access to affordable,reliable,sustainable and modern energyTake urgent action to combat climate change and its impactsENVIRONMENTAL PROTECT
208、ION FOR SUSTAINABLE COEXISTENCE 429Environmental,Social and Governance Report 20244.1 Environmental ComplianceThrough integrating with the national green manufacturing development plan,the Group has formulated a comprehensive environmental protection system,constantly improved the environmental mana
209、gement standard and successfully obtained the ISO 14001 environmental management system certification and the ISO 50001 energy management system certification.All subsidiaries strictly abide by the“Environmental Protection Law of the Peoples Republic of China(中華人民共和國環境保護法)”,the“Environmental Impact
210、Assessment Law of the Peoples Republic of China(中華人民共和國環境影響評價法)”,the“Water Pollution Prevention and Control Law of the Peoples Republic of China(中華人民共和國水污染防治法)”,the“Atmospheric Pollution Prevention and Control Law of the Peoples Republic of China(中華人民共和國大氣污染防治法)”,the“Prevention and Control of Enviro
211、nmental Pollution Caused by Solid Waste Law of the Peoples Republic of China(中華人民共和國固體廢物污染環境防治法)”,the“Environmental Noise Pollution Prevention and Control Law of Law of the Peoples Republic of China(中華人民共和國環境噪聲污染防治法)”and other relevant national laws and regulations,persist in conducting environmenta
212、l emergency drills and improve employees awareness of energy conservation and environmental protection and work capabilities.The Group has set up a safety and environment office to lead and be accountable for its environmental protection work.We implement the reward and penalty system for environmen
213、tal protection to reward environmental protection staff with outstanding performance or penalise those who have violated the regulations in respect of environmental protection.4.1.1 Investment in environmental protectionDuring the Year,the Group invested a total of more than RMB40,000,000 in environ
214、mental protection,which was mainly used for upgrading and renovation of sewage equipment,repair and maintenance,addition of sewage monitoring system,reconstruction of environmental emergency plan,hazardous waste treatment,etc.Sanshui Company has carried out the replacement of bag equipment and pipel
215、ine refurbishment for the smelting and dedusting system,as well as utilised the heat energy of the fluorocarbon regenerative thermal oxidation(RTO)furnace curing exhaust gas.Chengdu Company mainly invested in a new type of RTO exhaust gas treatment solution for technical transformation.Jiangxi Compa
216、ny has added online monitoring instruments for volatile organic compound(VOC)exhaust gas,monitoring station buildings,and hazardous waste terminals.Henan Company conducted online maintenance of wastewater facilities and exhaust gas equipment while performing upgrades and maintenance on other environ
217、mental protection facilities.Zhejiang Company primarily focused on the construction of exhaust gas treatment equipment and wastewater treatment facilities.In 2024,it completed the construction of the VOC enrichment control system,pre-spray exhaust gas treatment system,smelting workshop exhaust gas t
218、reatment system,and sludge treatment system for the sewage station.4 ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE30XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司4.1.2 Environmental protection training activitiesIn addition to hardware investment,the Group also attaches great importance to pers
219、onnel training,so that employees have a higher environmental awareness and consciously implement environmental protection operations in their daily work.The Group provides employees with general environmental protection management,standardised management of solid waste,hazardous waste management and
220、 other training.In addition,we also provide more in-depth special training,such as training on environmental emergencies such as sulfuric acid,liquid ammonia,and solvent leakage,and emergency drills.We have developed an Environmental Protection Commitment Agreement to reinforce our commitment to env
221、ironmental protection,signing agreements with employees at all levels,leasing units and contractors to ensure compliance with environmental protection responsibilities.We also distributed environmental protection manuals for employees at all levels,and formulated environmental management systems suc
222、h as the“Clean Production,Environmental and 7S Reward and Punishment and Assessment System 清潔生產、環境及7S獎懲及考核制度)”,the“Regulations on Exhaust Emission Management(廢氣排放管理規定)”,the“Regulations on Wastewater Discharge Management(廢水排放管理規定)”,the“Regulations on Noise Management(噪音管理規定)”,the“Regulations on Class
223、ification Management of Solid Waste(固體廢棄物分類管理規定)”,and the“Administrative Measures for the Transfer of Hazardous Wastes(危險廢物轉移管理辦法)”The Group strives to implement its environmental management initiatives and achieved all of the following targets during the Year:Sanshui Company No environmental pollut
224、ion incidents throughout the YearJiangxi Company During the year,the discharge of“three wastes”(wastewater,waste gas and solid waste)reached the national and local emission standards,and no penalty was imposed by the regulatory authorities for excessive discharge or other environmental pollution.Che
225、ngdu Company No environmental pollution incidents throughout the Year Accredited as an enterprise with excellent credit rating in environmental protection by the Department of Ecology and Environment of Sichuan ProvinceHenan Company No environmental pollution incidents and environmental impact event
226、s Wastewater discharge,exhaust emission,and noise production in compliance with the national and local standards Compliant disposal of solid waste Steady operation of environmental protection facilitiesZhejiang Company No environmental pollution incidents throughout the Year No environmental managem
227、ent complaints throughout the yearPrecision Manufacturing Company Wastewater discharge and noise production in compliance with the national and local standards All hazardous waste handed over to qualified entities for disposalDuring the Reporting Period,the Group did not violate any laws or regulati
228、ons related to environmental emissions,nor did the Group receive any notices of violation from the government environmental protection department.ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE 431Environmental,Social and Governance Report 20244.2 Emissions Management4.2.1 Exhaust Gas Emissions
229、Exhaust gas emissions generated during the production and operation of the Group include nitrogen oxide,particulates,sulphur dioxide and organic waste gas.We strictly comply with the relevant laws and regulations,such as the“Atmospheric Pollution Prevention and Control Law of the Peoples Republic of
230、 China（中華人民共和國大氣污染防治法)”.Our environmental policies require a stringent restriction on exhaust gas and particulates emitted into the atmosphere.Prior to emissions,exhaust gas must undergo purification treatment and shall not exceed the specified standard prescribed by the national or local environmen
231、tal protection bureau.Nitrogen oxide and particulates are mainly generated from the casting workshop.The Group has purchased natural gas energy transforming equipment and used natural gas as production energy to effectively reduce exhaust gas emissions in workshops.In addition,the production lines f
232、or each plant installed spray towers to increase the weight of pollutants to achieve sedimentation filtration and deployed regenerative catalytic combustion device(“RCO”)to purify organic waste gas while removing various organic pollutant at the same time and using equipment with bag filter to enhan
233、ce the filtering capacity of pollutant.During the Year,the following companies strengthened the exhaust gas purification management:Sanshui Company Ceased to use the thermal cleaning furnaces and adopted low-temperature liquid nitrogen for paint stripping on fixtures,resulting in zero waste gas emis
234、sions and no use of natural gas.Chengdu Company Upgraded the environmental protection equipment for the original fluorocarbon line in Phase I.Replaced the previous end-of-pipe activated carbon adsorption equipment with an Regenerative Thermal Oxidizer(RTO)zeolite emission treatment facility to impro
235、ve emission treatment efficiency(Following the update,the RTO treatment has been stable,and the efficiency of VOC treatment has increased by approximately 10%compared to the previous year);Installed two new sets of volatile organic compounds(“VOCs”)emission online monitoring systems for real-time mo
236、nitoring of fluorocarbon emissions to ensure compliance with emission standards.Jiangxi Company Built an online exhaust gas monitoring facility and install a set of online exhaust gas monitoring instruments to efficiently oversee VOCs emissions.This enables enterprises to operate in compliance with
237、regulations and mitigate environmental risks effectively;Deployed a set of non-organized foul gas monitors to enhance the management of non-organized emission gases.These monitors provide real-time monitoring of non-organised exhaust gas at the factory area,improving the treatment efficiency of exha
238、ust gas emissions;4 ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE32XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司 Installed a set of real-time environmental monitoring instruments to monitor the factory environment.Data analysis and prediction capabilities facilitate the Companys safety,environ
239、mental protection,and occupational monitoring operations.Henan Company Strengthen the treatment and transformation of non-organised emissions of exhaust gas to avoid non-organised emissions;Zhejiang Company As a newly-built plant,the plant was equipped with spray tower,RTO,bag filter,etc.,which met
240、the requirements of the national environmental protection department on the emission of waste gas.Precision Manufacturing Company Introduce a New Advanced Fluorocarbon Environmental Treatment EquipmentRegarding environmental protection technology innovation,the Precision Manufacturing Company has de
241、veloped a high-efficiency and energy-saving volatile organic compound(“VOCs”)exhaust gas treatment system to tackle the challenges of coating waste gas treatment in the aluminum profile industry.The system incorporates technologies such as“high-efficiency paint stripper+four-stage high-efficiency dr
242、y filter+vertical exhaust gas adsorption concentration rotating device+three-chamber thermal storage oxidation device(RTO)+waste heat recovery”,which effectively tackles the handling difficulties of high-boiling point VOCs.With the utilization of specially made high-temperature desorption zeolite mo
243、lecular sieve material,the system reaches an adsorption efficiency of over 97.5%,ensuring that the exhaust gas is stably discharged in compliance with the standards.In addition,the system also has an intelligent energy-saving mode and production line linkage function,which can automatically adjust o
244、perating parameters according to exhaust gas concentration and production conditions,greatly reducing energy consumption.Regarding environmental benefits,the system can reduce VOCs emissions by more than 2,872 tonnes and carbon dioxide emissions by 1,848-2,079 tonnes annually,providing strong suppor
245、t for the enterprises sustainable development efforts.ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE 433Environmental,Social and Governance Report 2024During the Year,Zhejiang Company took the following measures to reduce the environmental impact of the construction site during the constructio
246、n of a new plant:formulating a science-based construction plan during the construction of the project,which included enhancing construction management,advocating civilized construction,and strengthening transportation management and prevention of material loss and leakage measures on material transp
247、ortation and usage;the construction waste should be reasonably piled up and cleaned in time,and dry construction waste should be sprinkled to reduce dust pollution during loading,unloading and transportation;watering the ground and roads in the operation area,regularly clearing road soil and coverin
248、g the ground with dust-proof film to reduce the impact of floating dust pollution on the environment and minimise the impact on ambient air.4.2.2 Wastewater DischargeIndustrial wastewater generated by the Groups production workshops mainly consists of three types,namely acidic and alkaline wastewate
249、r,chromium wastewater and nickel wastewater.We strictly abide by the“Emission Standards of Pollutants for Inorganic Chemical Industry(無機化學工業污染物排放標準)”,the“Water Pollution Prevention and Control Law of the Peoples Republic of China(中華人民共和國水污染防治法)”and other relevant laws and regulations and the takeove
250、r standard for sewage treatment plants.The annual qualification rate of wastewater discharge was 100%.In addition,our environmental policy requires strengthening wastewater treatment to reduce its discharge volume.The policy also requires good maintenance of the closed-circuit circulation and integr
251、ated treatment of production wastewater,including:Operating and retrofitting wastewater treatment and purification facilities;Oily,acidic,alkaline and highly toxic wastewater is prohibited from discharging into the water body.Discharging pollutants into the water system is strictly restricted to pre
252、vent pollution;Cleaning of vehicles and containers that contain greasy or poisonous substances in the water body is prohibited;Deploying defluorination process to the wastewater treatment station,adopting a dosing tank and maintaining the wastewater sedimentation tank;4 ENVIRONMENTAL PROTECTION FOR
253、SUSTAINABLE COEXISTENCE34XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司 Reducing fluorinated wastewater discharges through the use of wastewater recycling agents and related retrofits;The testing centre is responsible for conducting daily wastewater inspection,installing online wastewater monitoring f
254、acilities,strictly controlling wastewater discharge within standards and preparing inspection records and reports;The safety and environmental management department conducts weekly sampling test on groundwater in manholes in key areas of the factory;The safety and environment office as well as the e
255、nvironmental protection management personnel in production workshops shall cooperate with and accept inspections by the environmental protection agency on wastewater discharge from time to time;Using a new process for online recovery of water resources from nickel wastewater and extraction of nickel
256、 metal resources to realise efficient recycling of resources with a water reuse rate of over 95%;Retrofitting the nickel wastewater treatment system to realise its separate treatment and frequently monitor nickel wastewater flow;Introducing the pot mould lye resource utilisation system to realise th
257、e recycling of lye.During the Year,Jiangxi Company retrofitted the official rainwater harvesting system in the factory and constructed a retention pond for rainwater discharge to eliminate incidents such as potential sewage pipe collapse caused by ground subsidence and destabilization of flood walls
258、;it also upgraded the technology on governance of fluoridated wastewater and conducted many experiments on the treatment methods of fluoridated wastewater,ultimately formulate the ratio of chemicals for removal fluoride from fluoridated wastewater to eliminate the risk of exceeding the standard of f
259、luoride in the wastewater.Henan Company replaced the online monitoring base station on the wastewater in accordance with the national requirements and carried out the filing and acceptance about it to ensure effective monitoring of discharge performance.Zhejiang Company added a new sludge dewatering
260、 system to effectively reduce the volume and water content of sludge.The reduction of the water content of sludge would allow the storage volume of sludge to reduce by 75%,which reduced the risk of leakage during transportation.ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE 435Environmental,So
261、cial and Governance Report 20244.2.3 Hazardous Waste ManagementThe Group strictly abides by relevant laws and regulations such as the“Law of the Peoples Republic of China on the Prevention and Control of Environmental Pollution Caused by Solid Waste(中華人民共和國固體廢物污染環境防治法)”and the“Measures on the Manage
262、ment of Hazardous Waste Manifests(危險廢物轉移聯單管理辦法)”and specifies the management requirements for hazardous waste in the environmental policy.The hazardous waste produced during our production and operation mainly includes waste corrosive liquid,waste washing liquid,waste tank liquid,tank slag,wastewate
263、r treatment sludge,waste engine oil,etc.We standardised the management of hazardous waste according to their classification in accordance with national provisions.We strictly follow the“National Catalogue of Hazardous Wastes(國家危險廢物名錄)”and other relevant regulations,and all hazardous wastes are entru
264、sted to qualified third-party bodies for proper recycling and treatment.When pollution incidents may occur or have occurred,emergency measures must be taken immediately to prevent pollution from spreading out and alleviate or even eliminate the impact of incidents.Major incidents or emergent events
265、should be reported to the safety and environment office of the Company for investigation within 2 hours after the occurrence.During the Year,the Group continued to promote the process of hazardous waste recycling,reduction and non-hazardous treatment.Each company continued to expand the use of the p
266、ot mould lye resource utilisation system to realise the recycling of lye.They strengthened the standardised management of hazardous waste to ensure that storage,entry and exit ledger,various signs and warning signs and others meet the standardised management requirements.Jiangxi Company built and in
267、stalled an electronic weighbridge for hazardous waste and an intelligent terminal management information system to strengthen the monitoring and traceability of hazardous waste throughout the process and improve the information accuracy of environmental management of hazardous waste.In addition,both
268、 Sanshui Company and Zhejiang Company set up appropriate storage facilities for hazardous waste to legally transfer hazardous waste to third-party hazardous waste treatment institutions.Meanwhile,each company established an emergency response team in workshops,supervised and carried out emergency re
269、sponse drills for environmental emergencies in workshops to enhance emergency response capability against environmental emergencies,as well as conducted training on hazardous waste knowledge.During the Year,all subsidiaries conducted emergency drills against emergency environmental incidents such as
270、 sulphuric acid leaks and liquid ammonia leaks.4 ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE36XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司Sanshui Company Emergency Drill for Liquid Ammonia LeaksOn 23 December 2024,the mould division of Sanshui Company successfully conducted an emergency dri
271、ll for liquid ammonia leaks,aiming to improve the emergency response capability of the employees in case of sudden chemical leaks and ensure production safety.The drill simulated the situation of liquid ammonia leaks in the heat treatment workshop,which comprehensively examined the operability of th
272、e emergency plan and teamwork skills.Once the drill began,the alarm of the liquid ammonia detector went off and some white smoke emerged from the scene.The supervisor of heat treatment workshop,immediately notified the head of the workshop,and instantly activated the emergency response procedures.Th
273、e personnel of the rescue team swiftly evacuated the staff in the workshop to a safe area,and set up a cordon in the main road of the liquid ammonia room to prevent unrelated personnel and vehicles from entering.After that,two employees wore protective equipment such as protective suits and gas mask
274、s,entered the liquid ammonia room to deal with leaks;one was responsible for spraying while the other switched off the main switch of the liquid ammonia cylinder,and successfully controlled the leaks.After ensuring absolute safety,the maintenance personnel of the workshop repaired the leaking crack.
275、After the drill,all the staff gathered and the head of the workshop concluded the drill,praising the staff wore protective equipment and responded emergencies effectively.Nonetheless,the staff still needed to be further enhanced the alertness and response capability in daily training to ensure the s
276、afe use of equipment and facilities.The drill not only raised the safety awareness and increased the emergency response capability of the employees but also accumulated valuable experience in responding to actual incidents.In the future,the Company will continue to carry out such drills on a regular
277、 basis to further improve the emergency management system and ensure the safety and stability of the production environment.ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE 437Environmental,Social and Governance Report 20244.2.4 Non-hazardous Waste ManagementThe non-hazardous waste generated by
278、the Groups production and operation mainly includes aluminium slag,scrap steel,construction waste,office and domestic waste,etc.The Group also attaches great importance to non-hazardous waste treatment,especially the recycling of waste materials and non-hazardous waste residue.Some of the waste mate
279、rials can be directly used for production after being processed.For example,the product scraps can be used as raw materials after recycling to the furnace.Other waste materials such as mould steel can be handed over to the steel plant for processing and reuse.The main components of non-hazardous was
280、te slag such as aluminium slag in the casting workshop are alumina powder,aluminium powder and refractory particles,which can be used as raw materials for high-aluminium cement production after being handed over to the cement plant for treatment.During the plant construction process,we strictly abid
281、e by national and local environmental protection laws and regulations and control construction waste through a series of environmental protection measures.Each subsidiary established its“Solid Waste Management Regulations(固體廢物分類管理規定)”to handle different types of waste more effectively.In addition,ea
282、ch subsidiary also assigned a recyclable waste storage area for wastes such as waste plastics and waste wood heads,so that general solid waste generated can be collected and recycled in a timely manner with a view to preventing resource loss and eliminate potential environmental hazards.During the y
283、ear,while expanding its plant,Zhejiang Company collected construction waste and domestic waste and strictly prohibited mixing them for transportation.The construction waste,which came in a small amount,was collected in time for handling by the relevant departments to handle and improper disposal was
284、 strictly forbidden to reduce the environmental impact from construction waste.For the reusable construction waste,Zhejiang Company reused them all on the construction site to reduce waste.For the non-reusable construction waste,the contractor was asked to contact a third party for cleanup.All unavo
285、idable construction waste was requested in a timely manner and disposed of by the relevant department.During the Year,the waste materials and non-hazardous waste residues recycled by each company are as follows:CompanyAmount recycledSanshui Company About 1,100 tonnes of scrap steelJiangxi Company A
286、total of 2,459 tonnes of waste materials were used,including scrap iron,waste paper,waste plastic,waste wood heads,waste die steel,waste mould shavers,etc.Henan Company About 502 tonnes of scrap mould steel About 83 tonnes of scrap iron About 322 tonnes of scrap shaving About 105 tonnes of waste pap
287、er About 87 tonnes of waste wood About 33 tonnes of waste plastic About 600 tonnes of recycled scrap aluminium from customersZhejiang Company About 50 tonnes of scrap mould steelPrecision Manufacturing Company About 150 tonnes of scrap mould steel4 ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENC
288、E38XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司4.3 Use of Resources4.3.1 Use of EnergyThe Group has an energy management system to collect statistics and analyse the consumption amount and trend of water,electricity,gas and other resources,enabling each production base to monitor resource consumptio
289、n in real time and timely debug and repair controlling equipment to improve efficiency.In order to increase the utilisation efficiency of electricity,we have taken effective measures including using LED lamps and energy-efficient equipment,replacing electrical machines with new and highly efficient
290、motors,reclaiming residual heat of boilers and installing solar PV power generation equipment on plant rooftops.In addition,the Group also made full use of the energy generated during the production process,such as applying the heat generated from the operation of the workshop air compressors in hea
291、ting the technology groove in the oxidation workshop and also providing hot water supply for staff for daily use,to effectively reduce the use of electricity and natural gas and reduce safety problems caused by the use of liquefied natural gas facilities.During the Year,the companies continued to st
292、rengthen staffs energy conservation awareness training and supervision and use lean production activities to reduce process waste and improve operating efficiency,thereby reducing energy consumption per unit of products.Sanshui Company,Jiangxi Company,Henan Company and Precision Manufacturing Compan
293、y have installed photovoltaic solar panels in their plants,generating more than 30,000,000 kWh of solar electricity during the Year.Sanshui Company retrofitted the burners of aging furnaces and carried out the replacement of forklift transportation with railways transportation to improve energy effi
294、ciency.Jiangxi Company arranged special personnel to manage the use of energy,regularly inspected the production site to ensure the normal operation of machinery,the compliance of personnel operations,and at the same time promoted energy-saving knowledge.4.3.2 Use of Water ResourcesWater resources a
295、re of vital importance to our production process as it is indispensable in every process such as extrusion and casting.The Group uses both municipal water and water from its own well,so as to ensure there is no suspension in production due to water supply shortage.The Group does not face any issue i
296、n sourcing water that is fit for purpose.The ratio of municipal water use to well water use is approximately 8:2.In order to enhance water resources management capabilities and improve usage efficiency,the Group continues to implement the water reclaim system and reuse reclaimed water for daily life
297、 activities such as watering,toileting and cooling water production in facilities through water towers and water tanks.During the Year,Henan Company used recycled water for flushing toilets and workshops,with more than 50%of reclaimed water reused.Sanshui Company reused about 160,000 cubic meters of
298、 reclaimed water,which mainly went to front-end treatment in the surface workshop.ENVIRONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE 439Environmental,Social and Governance Report 20244.3.3 Use of Packaging MaterialsThe packaging materials of the Group are mainly packaging tapes,labels,stick bands,
299、lumps of wood and sealing glue.We source from packaging materials suppliers that meet the requirements of relevant national laws and regulations.For sourcing product packaging materials,we have formulated the Group-wide sourcing management plan as its principal policy.Packaging material suppliers ar
300、e selected by tender,with which the Group has already established long-term cooperative partnerships.4.3.4 Greenhouse Gas(“GHG”)Emissions and ManagementClimate change is one of the most pressing challenges facing humanity in the global community.As a leading enterprise in the Chinese aluminium indus
301、try,the Group has actively responded to the call by the Ministry of Industry and Information Technology(“MIIT”)of the Peoples Republic of China(“PRC”)to construct a green manufacturing system.While seeking business development,we are also committed to protecting the environment and creating a green
302、home together with all sectors of society.In 2017,we were included in the first list of exemplary green manufacturers by the Ministry of Industry and Information Technology,becoming one of the first 201“green factories”in China.Our“Aluminium Profile Production Line Air Pollutant Emission Reduction T
303、echnology Reform”project was rated one of the“National Industrial Clean Production Demonstration Projects”by the Ministry of Industry and Information Technology,making Xingfa Aluminium the only company in Guangdong Province that won such title of honour.Meanwhile,we were also recognized as the“Clean
304、 Production Enterprise in Guangdong Province”and one of the“First Resource-saving and Environmental-friendly Enterprises in Guangdong Province on A Pilot Basis”.In order to reduce direct and indirect GHG emissions in production operations,the companies not only implemented green production but also
305、promoted green office practices and raised ecofriendly awareness among staff.The Group gradually adopted natural gas as one of the energy supplies for production operations,because the carbon emissions of natural gas are lower than coal.So,the use of natural gas could reduce GHG emissions correspond
306、ingly.In addition,the companies adopted the OA system,promoted video conferencing system and paperless office,regulated the use of official vehicles,specified temperature for the air conditioner,and travel management to reduce energy consumption,use of papers and travel carbon emissions while ensuri
307、ng office efficiency.The recycling of domestic and office water was also encouraged at the companies.The Group plans to:Retrofit or install the solar photovoltaic power generation system at all bases where possible(including new infrastructure projects);Gradually promote intelligent and digital tran
308、sformation in existing bases and gradually replace motorised logistics with rail logistics;and Scientifically arrange production lines for all new and renovated projects based on the lean manufacturing concept,thus further reducing duplication of processes and achieving high energy efficiency.4 ENVI
309、RONMENTAL PROTECTION FOR SUSTAINABLE COEXISTENCE40XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司4.4 Climate RisksTo respond to risks arising from climate change more effectively,we conducted climate-related risk assessments and climate change scenario analyses this year in order to identify material c
310、limate risks and their potential financial impacts,and to design the corresponding risk mitigation measures.We took two types of climate scenarios for analysing physical and transition risks:light green scenario and brown scenario.According to the publicly available data from the United Nations Inte
311、rgovernmental Panel on Climate Change(“IPCC”)and the Network for Greening the Financial System(“NGFS”),we projected future climate change after taking into consideration a range of policy,environmental,economic,energy and social factors.Among which,the light green scenario refers to the representati
312、ve concentration pathways(“RCP”)4.5 intermediate scenario of IPCC and orderly pathway of the NGFS,while the brown scenario refers to the RCP 8.5“current policy”scenario of IPCC and hot house world pathway of NGFS.According to the useful lives of asset,potential climate-related risks were assessed wi
313、th three terms:short-term,mid-term and long-term(i.e.the coming 3,8 and 15 years,respectively).Risk TypesTermRisksPotential Financial ImpactsRisk Mitigation MeasuresPhysical RiskMid-termDamage caused by typhoon,flooding arising from more extreme weather due to climate change.Production facilities,wa
314、rehouses and supply chain infrastructure may be damaged,resulting in high repair or reconstruction costs.Insurance coverage on valuable assets have been arranged,complemented by business continuity plan to minimise impacts on production.Physical RiskLong termIncreasing temperature caused by global w
315、arming may harm employees health and reduce productivity.High temperatures may reduce employees productivity,leading to a decrease in production efficiency and affecting production capacity and revenue.More air conditioning and ventilation equipment will be deployed at workshops as necessary.Transit
316、ion RiskShort termStringent sustainability disclosure requirements in China and Hong Kong will increase compliance risk.Failure to disclose information of sustainable development in a timely or accurate manner could result in fines or legal actions,increasing the financial burden.Professional sustai
317、nability consultant has been engaged to ensure compliance.Transition RiskMid-termMainland China may include aluminium sector to the national carbon market,thereby increasing the cost of carbon emissions.If it is included in the carbon market,the enterprises are required to purchase carbon credits,in
318、creasing direct costs.Actively identify carbon emissions reduction opportunities to reduce production emission intensity.In the future,the Group will continue to identify climate risks that have a material impact on our business and develop measures to mitigate the impact of various climate risks.At
319、 the same time,we will further optimise the management system related to green factories,continuously improve the environment and energy management system and leverage fully our corporate technology,resources and external partners to make Xingfa Aluminium an advanced and smart green factory with hig
320、h energy efficiency,low pollution and low emission,contributing to the nations green and low-carbon transformation and development.HUMAN-ORIENTED,SINCERITY AND TRUSTWORTHY 541Environmental,Social and Governance Report 2024HUMAN-ORIENTED,SINCERITY AND TRUSTWORTHY5Employees are the most precious asset
321、s of Xingfa Aluminium.Adhering to the principle of“human-oriented”,we are committed to creating a safe and healthy working environment with varied development opportunities for our employees.Through a comprehensive occupational health and safety management system,fair employment policies and diversi
322、fied training programmes,we ensure that all employees can realise their self-worth and career growth at work.At the same time,we attach great importance to employee communication and participation,encouraging our employees to contribute to the development of the enterprise.Xingfa Aluminium will cont
323、inue to be employee-centric and promote the construction of talent echelon,injecting a continuous impetus into the sustainable development of the enterprise.End poverty in all its forms everywherePromote inclusive and sustainable economic growth,employment and decent work for allReduce inequality wi
324、thin and among countries5 HUMAN-ORIENTED,SINCERITY AND TRUSTWORTHY42XINGFA ALUMINIUM HOLDINGS LIMITED 興發鋁業控股有限公司5.1 Employment PracticeBeing people-oriented,sincere and trustworthy is the foundation for a company to perform CSRs internally.To recruit a highly qualified workforce,the Group strives to
325、 provide a multicultural and equal workplace for employees,create comfortable and safe working conditions and implement dynamic management for ensuring the physical and mental health of staff.We strictly comply with national and local labour regulations such as the“Labour Law （勞動法)”,the“Labour Contr
326、act Law(勞動合同法)”,the“Law on the Protection of Minors(未成年人保護法)”and the“Provisions on Prohibition of Child Labour(禁止使用童工規定)”to protect the legitimate rights and interests of staff.We follow the principle of equal employment,namely“fairness,openness and impartiality”and focus on job applicants business
327、abilities,personal qualities and development potential during the recruitment process and none of them will be treated differently for reasons such as age,gender,ethnicity,nationality,marriage and family status,health condition and religion.We emphasise communication and participation among staff an
328、d disseminate policy and information through posting announcements on bulletin boards,e-mails,employee manuals,or training.Staff can put forward their opinions and questions to management through interviews,functional e-mail,or group discussion,so as to provide input for our operations and developme
329、nts.At the same time,the Groups internal trade union organisation strictly abides by the relevant requirements of the“Trade Union Law of the Peoples Republic of China(中華人民共和國工會法)”,protects the rights and interests of staff in accordance with the law,performs democratic procedures and gives full play
330、 to the role of staff in democratic management.During the Reporting Period,the Group complied with the laws and regulations in relation to employment and labour in all material respects,including equal opportunity,diversity,anti-discrimination and welfare.5.2 Caring for EmployeesAdhering to the prin
331、ciple of“human-oriented”,Xingfa Aluminium enhances employees sense of belonging and happiness through a wide range of employee activities and welfare programmes.The Company regularly carries out care activities such as birthday gift distribution,supply of summer necessities,open-air barbecue for tea
332、m building and festival celebration to create a warm and pleasant working atmosphere for employees.For example,the Company sends blessings and gifts to female employees on the 8th of March Womens Day,organises environmental protection activities for employees on the Tree Planting Day,provides festiv
333、e benefits at Dragon Boat Festival and Mid-Autumn Festival and provides employees with cool drinks on summer days,showing the Companys meticulous care to its employees.In addition,the Company also enhances team cohesiveness and corporate culture identity through employee birthday parties,4th of May development activities,flag raising ceremonies on National Day and Xingfa Aluminiums anniversary cel
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