Environmental, Social and Governance (ESG)

Our Governance

Our business ethics management system is steered by the Audit Committee of the Board of Directors, embedding business ethics in our culture through the engagement of the highest level of the organization. The Audit Committee, which is made up entirely of independent directors, monitors the applicability and effectiveness of the Company’s ethical standards, and assesses and addresses business ethics risks. The Internal Audit Department conducts annual internal audits on all operational sites to validate the effectiveness of ethical standards and the compliance system. The department reports directly to the Audit Committee on identified ethical risks, breaches of the Code of Business Conduct, among other business ethics issues. Through the business ethics management system, functional departments also made collaborative efforts to support the Internal Audit Department, embedding ethical behaviors in daily operations. During the Reporting Period, the internal audits were performed on focused areas of business ethics, including corruption and bribery, conflict of interest, fair competition, and confidential business information, etc.

Our Approach

Upholding the Code of Business Conduct as a foundation, we have designed a robust business ethics and compliance system, which encompasses a series of business ethics management initiatives to proactively prevent any business ethics risks. We ensured the fulfillment of high standards of business ethics through regular training and communication, effective business ethical risk assessment and audit, and the establishment of a transparent whistleblowing system.

Our Key Initiatives

•      Consistently identify priority issues and develop targeted prevention or mitigation measures.

•      Make a commitment to establish applicable management systems and principles to ensure ethical interactions with customers and/or health care professionals.

•      Regularly review and update our Code of Business Conduct to ensure its effectiveness in its implementation.

•      Incorporate business ethics indicators into employee performance and remuneration reviews.

•      Conduct annual compliance training and exams for all employees(including part-time employees).

•      Conduct regular audits of business ethics across all business lines, as well as supplier audits, external audits, and internal audits. Develop and implement improvement plans based on audit results.

•      Evaluate and monitor the alignment of industry association positions with internationally recognized standards, such as the Paris Agreement and the Ten Principles of the United Nations Global Compact, when considering membership. In case of any disagreement, we will adhere to applicable local laws and regulations for communication and coordination.