Environmental, Social and Governance Report
Total Page：16
File Type：pdf, Size：1020Kb
Environmental, Social and Governance Report For the Year of 2015 Table of Contents Foreword 2 1. Protecting the Environment 4 2. Caring for Staff 11 2.1 Workplace Health and Safety 2.2 People Development and Training 2.3 Policy and Benefits 3. Responsible Operating Practices 18 3.1 Market Practice 3.2 Supply Chain Management 4. Investments in the Community 21 4.1 Providing Assistance to the Community and People in Need 4.2 Community Engagement through Social Initiatives 1 Foreword CITIC Resources Holdings Limited (the “Company” ESG Guide was published, applicable to financial or “CITIC Resources”), its subsidiaries and joint years commencing on or after 1 January 2016. venture (collectively, the “Group”) is pleased to Taking a step forward, the Group has prepared the present its Environmental, Social and Governance Report after referring to both original and new Report for the year of 2015 (the “Report”). In the versions of the ESG Guide, which were published in course of managing a diversified business portfolio 2012 and 2015 respectively. For more information with business activities in energy, metals and the on the governance section, please refer to the import and export of commodities sectors, the Group Group’s Annual Report for the Year 2015. persistently endeavours to operate its business in a sustainable manner. The Report hence serves as an The scope of the Report covers CITIC Resources, its important tool to communicate to all stakeholders subsidiaries and joint venture over which CITIC the Group’s efforts to promote sustainability Resources currently possesses either a majority or developments, and to demonstrate its ongoing joint control on their operating policies. The commitment to enhance its economic, social and companies included in the Report are as follows: environmental performance. • CITIC Resources, the head office of the Group This Report primarily presents the Group’s key in Hong Kong; initiatives and activities implemented from 1 January 2015 to 31 December 2015, and is prepared in • 中信石油技術開發（北京）有限公司(CITIC accordance with the Environmental, Social and Petroleum Technology Development (Beijing) Governance Reporting Guide (the “ESG Guide”) as Limited) (“CITIC Petroleum”), an indirect set out in Appendix 27 to the Rules Governing the wholly-owned subsidiary of the Company, Listing of Securities on The Stock Exchange of Hong engaging in oil technology developments in Kong Limited. In December 2015, a new version of Beijing, China; 2 • CITIC Oil & Gas Holdings Limited, an indirect the right to explore, develop and produce wholly-owned subsidiary of the Company, petroleum from the Hainan-Yuedong Block in owning 50% voting shares of JSC the Bohai Bay Basin in Liaoning Province, Karazhanbasmunai (“KBM”) which engages in China until 2034. Tincy Group is currently the development, production and sale of oil and operating the Yuedong oilfield (the “Yuedong holds the right to explore, develop, produce and oilfield”), the principal field within the sell oil from the Karazhanbas Oil and Gas Field Hainan-Yuedong Block, jointly with China in Mangistau Oblast, Kazakhstan (“the National Petroleum Corporation; and Karazhanbas oilfield”) until 2035; • CITIC Australia Trading Pty Limited (“CATL”), • CITIC Seram Energy Limited (“CITIC Seram”), an indirect wholly-owned subsidiary of the an indirect wholly-owned subsidiary of the Company, which engages in the import and Company, owning a 51% participating interest export of bulk commodities in Australia. in the production sharing contract which grants the right to explore, develop and produce The Group may in future examine and extend the petroleum from the Seram Island Seram scope of the Report to cover its joint operations, Non-Bula Block, Indonesia until 2019; associate and financial asset as appropriate. • CITIC Haiyue Energy Limited, an indirect The disclosures correspond to the indicators wholly-owned subsidiary of the Company, specified in the two versions of the ESG Guide owning a 90% interest in Tincy Group Energy published in 2012 and 2015, and are summarized Resources Limited (“Tincy Group”) which holds in the following table for quick reference. Chapter Corresponding Aspect Corresponding Aspect (per the original ESG Guide published in 2012) (per the new ESG Guide published in 2015) Protecting the B. Environmental Protection: A. Environmental: Environment B1 Emissions A1 Emissions B2 Use of resources A2 Use of resources B3 The environment and natural resources A3 The environment and natural resources Caring for Staff A. Workplace Quality: B. Social: Employment and Labour Practices: A1 Working conditions B1 Employment A2 Health and safety B2 Health and safety A3 Development and training B3 Development and training A4 Labour standards B4 Labour standards Responsible C. Operating Practices: B. Social: Operating Practices Operating Practices: C1 Supply chain management B5 Supply chain management C2 Product responsibility B6 Product responsibility C3 Anti-corruption B7 Anti-corruption Investments in the D. Community Involvement: B. Social: Community Community: D1 Community investment B8 Community investment 3 1 Protecting the Environment The Group attaches importance to balancing the policies and guidelines, and implements a range of needs of business developments and environmental green measures. To support these initiatives, the protection, and endeavours to make continuous Group has introduced energy-efficient equipment, improvements by a number of means. Protecting the streamlined operation processes, improved waste natural environment and resources is not only a management procedures and maintained relevant corporate-wide commitment, but also a shared value records to enhance the utilisation of resources. embedded in the Group’s day-to-day operations. As an effort to monitor and control production safety Throughout its operations, the Group strives to and environmental risks, in 2015, the Group has assure full compliance with local environmental laws introduced a staff performance appraisal scheme and regulations. In order to control emissions, which includes health, safety and environmental minimise waste generation and reduce resources (HSE) performance as one of the indicators consumption, the Group conducts environmental evaluating the management’s performance of its impact assessments, formulates environmental oilfields. 4 The Yuedong oilfield The Yuedong oilfield has established comprehensive socio-economic influence to nearby villages are procedures and instructions to standardise monitored. With various environmental initiatives in environmental practices under its HSE systems, place, CITIC Seram received the Environmental placing a significant emphasis on preventing Award (PROPER BLUE) from the Government of environmental pollution and controlling energy Indonesia during the reporting year, meaning CITIC consumption. Procedures for handling emergencies Seram has complied with all major environmental that involve production safety, natural disasters and regulations in Indonesia. public health have also been developed in the past few years. Prior to the commencement of pilot To monitor its compliance status, the Karazhanbas production, the Yuedong oilfield conducted an oilfield has, on an annual basis, implemented the environmental impact assessment and approval of state-authority-approved Programme of Production which was obtained from the Chinese government in Environmental Control (PPEC), assessing the the second quarter of 2010. It is expected that an impacts of its production processes on the environment consultant is to be commissioned to environment (e.g. water, air, soil, flora and fauna) re-evaluate the environmental impact every five with the assistance of an accredited laboratory. years during the operating period. In addition, Company policies and guidelines have also been emissions from the boilers of the onshore central developed, with the aim of reserving resources such processing plant have also been assessed by regional as electricity, gas, fuel and water. In addition to authorities and the assessment results have passed obtaining regulatory permits by type and by volume local environmental requirements. of oil production, the Karazhanbas oilfield actively measures major types of emissions and strictly In accordance with the environmental regulations in controls the total amount of emissions. Indonesia, CITIC Seram regularly measures and reports data related to air emissions. Every six Environmental protection shapes activities and months, CITIC Seram assesses the air quality at the operations at the Group’s oilfields. Suitable locations of near exhaust fans, flare stacks, techniques have been employed to promote clean workplaces and the surrounding community areas. It production and alleviate as far as possible the impact also evaluates, on a semi-annual basis, the impacts of the Group’s operations on the environment. Some of its operations on the environment, whereby air of the major environmental initiatives implemented emissions, water quality, ground discharge and at the Group’s oilfields are highlighted as below. 5 Case 1: Prevention of Pollution and Hazardous Emissions CITIC Seram observes relevant laws and regulations and manages its wastewater and airborne emissions in a responsible manner. Using a comprehensive environmental monitoring system supplemented by third-party testing services, CITIC Seram performs periodic reviews and results of which are reported to local authorities. To reduce wastewater to surrounding areas,