Governance

A sound corporate governance structure is an important guarantee for the development of ESG in enterprises. Allianz Steel Group has established a special ESG management committee or relevant institutions to coordinate the planning and supervision of the company's ESG work. These institutions are usually composed of senior company leaders, heads of various departments and external experts to ensure the scientificity and authority of ESG decisions. At the same time, the company continues to improve ESG-related systems and processes, incorporate ESG goals into the company's strategic planning and performance appraisal system, and effectively implement ESG work. And formulate a detailed ESG action plan to clarify the responsibilities and tasks of each department in the environment, society and governance, and regularly evaluate and disclose ESG performance. ​
In terms of business ethics and compliance operations, steel companies face many challenges, such as fierce market competition and fluctuations in raw material prices. In response to these challenges, Allianz Steel Group strengthens internal management and establishes a sound risk prevention and control mechanism and compliance management system. Strengthen professional ethics education for employees and improve employees' compliance awareness; strengthen supervision of key links such as procurement and sales to prevent commercial bribery, unfair competition and other illegal acts. Enterprises actively cooperate with the work of regulatory authorities, strictly abide by laws and regulations on environmental protection, production safety, labor protection, etc., and establish a good corporate image. ​
Information disclosure is an important part of corporate ESG governance. Allianz Steel Group discloses ESG information in a timely and accurate manner to show its ESG work results to investors, the public and other stakeholders, and enhance the transparency and credibility of the company. And published independent ESG reports. These reports cover the company's goals, initiatives, performance and other contents in terms of environment, society and governance, and adopt internationally accepted ESG disclosure standards, such as the standards of the Global Reporting Initiative (GRI) and the standards of the Sustainability Accounting Standards Board (SASB), which improves the comparability and readability of information. ​

At the same time, through a combination of internal training and external introduction, strengthen the construction of ESG talent team. On the one hand, carry out ESG knowledge and skills training for existing employees to enhance employees' understanding and practical ability of ESG concepts; on the other hand, actively introduce talents with ESG professional background and rich experience to enrich the company's ESG management team. At the same time, a sound talent incentive mechanism should be established to attract and retain outstanding ESG talents and provide strong talent support for the company's ESG governance work.