Addressing Climate Change
The Group strictly adheres to the International Financial Reporting Sustainability Disclosure Standard S2 – Climate-related Disclosures (IFRS S2), systematically identifying and assessing the risks and opportunities posed by climate change, and developing scientific and feasible response strategies to enhance the sustainability and climate resilience of our operations.
To ensure the effective implementation of climate-related initiatives, the Group has established a Sustainability Committee responsible for the formulation and execution of sustainability strategies, promoting collaboration across departments. Additionally, we engage third-party consultants to provide professional technical support and cutting-edge knowledge, empowering team capacity building and optimizing our climate risk management system.
Climate Risk Management Measures
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Risk Review and Identification
Through various methods, including industry research reports, relevant policy releases from regulatory agencies, comparative analysis with peers, stakeholder surveys, interviews with business units and management and external information retrieval. We have initially established a list of potential climate risks.
Interviews with the heads of various business units are conducted to gather their perspectives on potential climate risks, resulting in a comprehensive and objective risk list. Through various methods, including industry research reports, relevant policy releases from regulatory agencies, comparative analysis with peers, stakeholder surveys, interviews with business units and management, and external information retrieval. We have initially established a comprehensive and objective risk list.
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Risk Assessment
Identify each climate risk and opportunity from three dimensions: time, likelihood, and financial impact.
Conduct a comprehensive scoring of the analysis results.
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Risk Response
Based on the results of the climate risk assessment, all business units will jointly discuss and formulate response measures, resulting in the 「Climate Risk and Opportunity Identification and Evaluation List」.
After approval by the unit's general manager, the relevant departments will be responsible for implementation.
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Supervision and Reporting
Develop corresponding strategies for the identified significant climate risks and opportunities.
Regularly assess the progress of risk management.
Green Operations
In response to the national objective of 「Lucid waters and lush mountains are invaluable assets.」, the Group adheres to the philosophy of coexistence between development and environmental protection, paying close attention to the environmental impact of business operations and production processes. The United Laboratories (Inner Mongolia) Co., Ltd. and Zhuhai United Laboratories Co., Ltd. have passed the annual environmental impact audit of the ISO 14001:2015 Environmental Management System and have been recognized as national-level green factories. These recognitions underscore our industry-leading practices in intensive land use, turning raw materials into harmless, cleaner production, waste recycling and low-carbon energy, etc.
The Group promotes the concept of a green, low-carbon lifestyle, encouraging employees to engage in environmental initiatives, conserve resources, enhance resource recycling, and promote waste sorting, and strengthen environmental education and training for employees. We actively support low-carbon development and are committed to building a sustainable future together.
