Compliance and Business Ethics
Composition of the Board of Directors
The Company has a Board of Directors, which is accountable to the General Meeting of Shareholders.
The Board of Directors consists of nine directors, three of whom are independent. There is one chairman and one vice-chairman.
Under the Board of Directors, there are four specialized committees: Audit Committee, Nomination Committee, Remuneration and Evaluation Committee and Strategy and ESG Committee.
Click here to download Articles of Incorporation
Compliance SystemOrient Cable has developed a series of compliance systems to regulate and manage the company's business practices.
Anti-CorruptionOrient Cable has zero tolerance for bribery and corruption and prohibits all forms of corruption and bribery.
Code of ConductAll employees, officers and directors of Orient Cable are required to comply with the Code of Business Conduct and the Employee Code of Conduct, and violations of the Code will not be tolerated.
Integrity and self-discipline agreementOrient Cable's employees have signed the Integrity and Self-discipline Agreement and consciously abide by and fulfill the contents of the agreement.
Supervision and prosecution measures
The company encourages employees, partners (customers, suppliers, etc.) and the community to report suspected violations of law and criminal behavior. The company complies with the relevant systems on the protection and reward for violations and whistleblowers, standardizing the whistleblower protection mechanism, to protect the legitimate rights and interests of whistleblowers. Protection of whistleblowers through the minimization of informants, special custody of reporting materials and other confidentiality management measures. For retaliation, the company will be seriously dealt with.
Complaint Reporting Mechanism
The company provides a smooth compliance reporting channel, including reporting mailboxes and telephone numbers. Employees and partners can contact the compliance department directly for complaints, inquiries and opinions. The reporting channels are published on the company's official website, and also announced to all employees through internal emails, trainings, bulletin boards and other means.
E-mail:[email protected]
Tel:0574-86188666
Location:49-50F, Guohua Financial Center, Yinzhou District, Ningbo, China.Sustainable Procurement
Driving the Future of the Green Supply Chain
Our Goal - 2025
On our journey towards sustainability, we have set clear and ambitious targets aimed at driving a green transformation across the supply chain through sustainable procurement practices.
Sustainable procurement training for procurement staff 100% coverage
We are committed to enhancing the environmental awareness and sustainable procurement capability of all procurement staff. By 2025, we will achieve 100% coverage of sustainable procurement training for procurement staff, ensuring that every procurement staff can deeply understand and practice the concept of sustainable procurement, and laying a solid talent foundation for the company's sustainable development. - 100% coverage
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Code of Conduct for Sustainable Sourcing, 100% coverage rate signed by core suppliers
In order to maintain a fair transparent and honest business environment, we have developed a strict code of business conduct and require all core suppliers to sign a commitment. This is not only a constraint on supplier behavior, but also an endorsement of our shared values. By 2025, we expect to achieve full coverage of our core suppliers in signing the Code of Business Conduct and jointly promote the healthy development of the industry.
- Coverage > 50%
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Core Supplier Carbon Emission Reduction Program with >50% coverage rate
In the face of the serious challenge of global climate change, we are well aware of the importance of reducing carbon emissions. Therefore, we actively encourage and guide our core suppliers to develop and implement carbon reduction plans. By 2025, we expect that more than 50% of our core suppliers will have developed and implemented effective carbon reduction programs, contributing to a greener future for the planet.
- Coverage of > 80%
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ESG assessment of strategic suppliers with >80% coverage rate
ESG (Environmental, Social and Governance) assessment is an important indicator of a supplier's level of sustainability. We are committed to conducting comprehensive ESG assessments of our strategic suppliers to understand their environmental performance, social responsibility and corporate governance. By 2025, we expect to achieve more than 80% ESG assessment coverage of our strategic suppliers, providing strong support for optimizing supply chains and improving overall sustainability.
Highlights-2024
Over the past year we have made significant progress in sustainable procurement Below are our highlights of our achievements for 2024
Sustainable Procurement Training for Procurement Staff
In 2024, we will continue to deepen the sustainable procurement training for procurement staff, which not only covers theoretical knowledge, but also improves the practical operation ability of procurement staff through case analysis and practical exercises. At the same time, we will also introduce international advanced sustainable procurement concepts and methods to provide our procurement staff with a broader vision and richer experience. 
Announcing the Blue Carbon Initiative, a supply chain emissions reduction program.
The "Blue Carbon Program" is our supply chain emissions reduction initiative to address climate change. The program aims to significantly reduce overall supply chain carbon emissions by optimizing supply chain management, promoting low-carbon technologies and products, and strengthening cooperation with suppliers. In 2024, we will officially launch this program and invite suppliers to actively participate and contribute to achieving our carbon-neutral goal. Publishing a Code of Business Conduct
In 2024, we formally published our Code of Business Conduct to clarify our business ethics and professional conduct requirements. The Code will provide clear guidance to our suppliers in a variety of areas, including honest business practices, fair competition, and protection of intellectual property rights. We will also ensure that our suppliers fully understand and comply with the Code through training and publicity. Challenges
While we have made significant progress in sustainable procurement, we still face several challenges
Fighting Climate ChangeChallenges for suppliers to reduce carbon emissions
Although we actively advocate and promote suppliers to formulate carbon emission reduction plans, we still face many difficulties in actual operation. For example, technical bottlenecks, cost pressures, market acceptance, etc. We need to work closely with our suppliers. Therefore, we need to work closely with suppliers. to promote the implementation of carbon reduction programs.
Labor and Human RightsChallenges to Supplier Engagement
Labor and human rights issues are important aspects of supply chain management that cannot be ignored. However, in practice, we find that some suppliers still have deficiencies in labor rights protection and working environment improvement. Therefore, we need to strengthen the training, supervision and evaluation of suppliers, and push them to continuously improve and perfect the relevant management system.
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