CSR Vision and Strategy
To fulfill corporate social responsibility (CSR), the CLC proactively practices sustainability and strengthens corporate resilience in routine operations. Besides turning the CLC into “Asia’s Circular Economy and Green Benchmark Paper Company,” we establish sound interaction with stakeholders (interested parties), including employees, investors, customers, suppliers, government entities, and local communities, to pursue a sustainable green future.
With “Together for a Greener Future” as the goal of sustainable development, we proactively link our value chain with the UN’s Sustainable Development Goals (SDGs). We promote sustainable and inclusive economic growth, social development, and environmental protection with our core competence to effectively enhance sustainable corporate value and contribute to keep going for a greener future of the world.
SDGs and CLC's Sustainability Goals
❙ CLC’s Value Chain
To fulfill CSR, Cheng Loong has set up a Corporate Social Responsibility Committee, which is responsible for the formulation of the company's sustainability strategy goals, conforming to international standards, and tracking, setting, implementing and reviewing the company's ESG policies and goals, so as to strengthen the Company' management on sustainability. At the committee, the Chairperson serves as an advisory committee member and the President chairs the committee. The Sustainability Department is designated as the dedicated unit, along with six task forces in charge of implementation and the execution methods of material issues,. These six departments consist of “corporate governance,” “environmental sustainability,” “employee care,” “supply chain management,” “industrial services,” and “social inclusion.” The most senior executives of each relevant departments serve as the commissioner of each task force.
The Committee holds more than two meetings for the formulation and review of strategic targets each year, and the Chairman regularly reports to the Board of Directors on CSR-related issues and ESG implementation results. The BoD identifies and reviews the company's ESG performance, and proposes for strategic planning and recommendations. Each department reports and reviews the impact of various issues and how to respond on the company through regular reports. In 2020, the CSR Committee held 27 committee meetings to establish the medium- and longterm ESG goals and revised the company’s CSR Best Practice Principles in response to the Corporate Governance 3.0.