Sustainability Committee structure and responsibilities
Corum founded the "Sustainability Committee" in 2021. As the primary decision-making and promoting unit of the Company's sustainable development and management efforts, the Sustainability Committee comprises the Chairman, most senior executives of various departments, and other designated members. The organizational members include the Chairman, Vice Chairperson, the Sustainability Office, and three teams, namely the Corporate Governance Team, the Sustainable Environment Team, and the Social Engagement Team.
Corporate Governance Team Responsible for corporate governance planning (including performance plan), operational risk management, internal audit, financial performance, and Board of Directors governance practice.
Sustainable Environment Team Responsible for the planning of the Company's environmental operations including environmental performance metrics planning and achievement demonstration such as green product supply chain (environmental considerations of product life cycle),energy conservation and carbon reduction, green resource utilization, and GHG audit.
Social Engagement Team Responsible for the planning of the Company's social operations and social performance including employee remuneration and benefits, education and training, personnel structure, occupational safety and health, product safety, customer service, labor relations, public welfare activities, etc.
2021 was still a very challenging year under the continuous influence of COVID-19 pandemic. After experiencing the strain on international supply bottlenecks in 2021 in the manufacturing industry, including shortages of labor and components, surging prices of raw materials and shipping rates, transportation backups, delayed delivery in ports, and pandemic lockdowns, we even more deeply realize that supply chain resilience and ESG (Environmental, Social, and Corporate Governance) are the decisive factors for sustainable operation.
Sustainable Environment, People-oriented
In the more than 30 years of manufacturing special chemicals for the cosmetic and pharmaceutical industries, Corum experiences the ups and downs of the industry, knowing that only continuous advance through knowledge and R&D can stand out in the fierce business competition. Therefore, as early as in 2004, the ISO 9001 Quality Management System was introduced to change the traditional manufacturing thinking and take root for sustainable development. Then, the ISO 14001 Environmental Management System and the ISO 45001 Occupational Health and Safety Management System were conducted successively. Our focus is on people. We treat the health and welfare of our employees as one of our priorities, along with focus on product quality and environmental sustainability. In 2021, Corum won the "Five Star Award of Occupational Health and Safety", which further encourages us to continue investing our corporate resources in various energy-saving and carbon-reduction measures from within. By managing environmental impact, we strive to contribute to the wellbeing of the environment.
Sustainable Society, Expanding the Influence of Public Welfare
As a high-quality cosmetic and pharmaceutical ingredient producer, Corum actively responds to the UN SDGs, combining with our business activities and integrating corporate resources to promote public health and welfare. We mainly pay attention to the marine ecological environment and the science education of disadvantaged students in remote rural areas. We hold beach clean-up every two years and have established the "Corum Art in Science Award" to encourage students to showcase the artistic side of science in the appointed theme by submitting paintings to our annual creative art competition to cultivate their interest in the pursuit of scientific knowledge. We expect to promote the development of employees, their families, and the local community through caring for the disadvantages, consoling police and volunteers, employee training and healthcare programs and various activities enlarging our social engagement.
Sustainable Governance, Common Prosperity and Common Good
2021 is the first year of Corum ESG. We have established the ESG Sustainability Committee, which consists of three groups: corporate governance, environmental sustainability, and social engagement. The short-term, mid-term and long-term business objectives of the company are linked to the implementation of our sustainable work as well as the pursuit of excellence. With a vision to bring a better solution to skin health and well-being, we strive for R&D innovation, scientific rigor, efficacy reliability and superior customer service with sustainability in mind. A sound corporate governance and sustainable development are our missions. Upholding a quality corporate culture and business integrity, we hope to fully communication with stakeholders, strengthen supply chain and teamwork, and promote information transparency and traceability through the publication of our ESG report. With our products and services, we intend to convey the philosophy of innovation, sustainability, high efficacy and a positive attitude towards life and beauty.
The 4C policy of corporate sustainability management
Corporate growth should go hand in hand with sustainable management; hence Corum aims to realize the ultimate goal of corporate sustainability by protecting the natural environment and people's welfare. To achieve this goal, we have incorporated environmental and sustainable management into our business operations and stipulated the 4C management policy that includes Collaborative Supplier Management, Conscious Environmental Protection, Care for human rights, employees and community, and Committing to sustainable governance strategies to conduct communication management and ongoing improvement. We are dedicated to improving energy-saving efficiency, environmental protection, and the creation of social values by constantly promoting green chemistry manufacturing and a green supply chain in the pursuit of co-prosperity for the Company and the environment.
Sustainability Committee structure and responsibilities
Corum founded the "Sustainability Committee" in 2021. As the primary decision-making and promoting unit of the Company's sustainable development and management efforts, the Sustainability Committee comprises the Chairman, most senior executives of various departments, and other designated members. The organizational members include the Chairman, Vice Chairperson, the Sustainability Office, and three teams, namely the Corporate Governance Team, the Sustainable Environment Team, and the Social Engagement Team.
Corporate Governance Team Responsible for corporate governance planning (including performance plan), operational risk management, internal audit, financial performance, and Board of Directors governance practice.
Sustainable Environment Team Responsible for the planning of the Company's environmental operations including environmental performance metrics planning and achievement demonstration such as green product supply chain (environmental considerations of product life cycle),energy conservation and carbon reduction, green resource utilization, and GHG audit.
Social Engagement Team Responsible for the planning of the Company's social operations and social performance including employee remuneration and benefits, education and training, personnel structure, occupational safety and health, product safety, customer service, labor relations, public welfare activities, etc.
2021 was still a very challenging year under the continuous influence of COVID-19 pandemic. After experiencing the strain on international supply bottlenecks in 2021 in the manufacturing industry, including shortages of labor and components, surging prices of raw materials and shipping rates, transportation backups, delayed delivery in ports, and pandemic lockdowns, we even more deeply realize that supply chain resilience and ESG (Environmental, Social, and Corporate Governance) are the decisive factors for sustainable operation.
Sustainable Environment, People-oriented
In the more than 30 years of manufacturing special chemicals for the cosmetic and pharmaceutical industries, Corum experiences the ups and downs of the industry, knowing that only continuous advance through knowledge and R&D can stand out in the fierce business competition. Therefore, as early as in 2004, the ISO 9001 Quality Management System was introduced to change the traditional manufacturing thinking and take root for sustainable development. Then, the ISO 14001 Environmental Management System and the ISO 45001 Occupational Health and Safety Management System were conducted successively. Our focus is on people. We treat the health and welfare of our employees as one of our priorities, along with focus on product quality and environmental sustainability. In 2021, Corum won the "Five Star Award of Occupational Health and Safety", which further encourages us to continue investing our corporate resources in various energy-saving and carbon-reduction measures from within. By managing environmental impact, we strive to contribute to the wellbeing of the environment.
Sustainable Society, Expanding the Influence of Public Welfare
As a high-quality cosmetic and pharmaceutical ingredient producer, Corum actively responds to the UN SDGs, combining with our business activities and integrating corporate resources to promote public health and welfare. We mainly pay attention to the marine ecological environment and the science education of disadvantaged students in remote rural areas. We hold beach clean-up every two years and have established the "Corum Art in Science Award" to encourage students to showcase the artistic side of science in the appointed theme by submitting paintings to our annual creative art competition so as to cultivate their interest in the pursuit of scientific knowledge. We expect to promote the development of employees, their families and the local community through caring for the disadvantages, consoling police and volunteers, employee training and healthcare programs and various activities enlarging our social engagement.
Sustainable Governance, Common Prosperity and Common Good
2021 is the first year of Corum ESG. We have established the ESG Sustainability Committee, which consists of three groups: corporate governance, environmental sustainability, and social engagement. The short-term, mid-term and long-term business objectives of the company are linked to the implementation of our sustainable work as well as the pursuit of excellence. With a vision to bring a better solution to skin health and well-being, we strive for R&D innovation, scientific rigor, efficacy reliability and superior customer service with sustainability in mind. A sound corporate governance and sustainable development are our missions. Upholding a quality corporate culture and business integrity, we hope to fully communication with stakeholders, strengthen supply chain and teamwork, and promote information transparency and traceability through the publication of our ESG report. With our products and services, we intend to convey the philosophy of innovation, sustainability, high efficacy and a positive attitude towards life and beauty.
The 4C policy of corporate sustainability management
Corporate growth should go hand in hand with sustainable management; hence Corum aims to realize the ultimate goal of corporate sustainability by protecting the natural environment and people's welfare. To achieve this goal, we have incorporated environmental and sustainable management into our business operations and stipulated the 4C management policy that includes Collaborative Supplier Management, Conscious Environmental Protection, Care for human rights, employees and community, and Committing to sustainable governance strategies to conduct communication management and ongoing improvement. We are dedicated to improving energy-saving efficiency, environmental protection, and the creation of social values by constantly promoting green chemistry manufacturing and a green supply chain in the pursuit of co-prosperity for the Company and the environment.
