Performance／Sustainable Supply Chain Management
Supplier Management Performance
In order to enhance the competitiveness of the organization, we are committed to pursuit sustainable procurement with ESG in mind.
Through process management, we demonstrate the joint effort results on human rights, fair trade and anti-corruption, etc. And by sharing resources with suppliers for mutual benefit and growth, we also can identify key risks that may be faced in the future procurement, and jointly create opportunities for new business models.
The 2020 performance results are showed below:
1. Signed Sustainability Terms
In 2020, all key suppliers signed the Sustainability Terms with Sinyi.
2. Signed Procurement Ethics Standards
In 2020, all key suppliers signed the Procurement Ethics Standard.
- Sinyi Sustainability Terms has ESG aspects incorporated. All key suppliers will be communicated before entering business contract signing.
- Key suppliers are required to sign Sustainability Terms, Procurement Ethics Standards, and Code of Business Conduct. We make our anti-corruption policy clear.
- To ensure purchasing liaisons adhere to ethics practice, we provide our Corporate Ethics Office as the channel for complaints in order to facilitate supervision and management.
3. Implementation of Supplier Management Mechanisms
Out of the 252 existing suppliers, we inspected a total of 234 and reached a completion rate of 92.86%. For the 27 new suppliers, 27 were inspected and went through our management mechanism, reached a completion rate of 100%.
Number of Key Suppliers Assessed
and Pass Rates
Key suppliers inspection
and pass rate
4. Supplier Risk Assessment
Supplier Impact Assessment Results
In 2020 we carried out risk identification for 279 suppliers, building on 2014 and continuing, through proactive guidance and management, to promote the implementation of sustainability terms and carry out spot checks. There were no actual or potential negative impacts arising from suppliers in recent years.
|Dimensions||Potential Negative Impacts||2018||2019||2020|
(work environment safety)
|1.Sign-holders may not be required to work outdoors in excessive heat or rain||No related negative impacts|
|2.High-altitude operations not in compliance with labor safety instructions|
|Fair Trade||Corruption related matters|
|Work Injury Rate||Work injuries may affect the company’s image and lead to declines in productivity||See the table below|
|Corporate Governance||Violation of honest and ethics operation||No related negative impacts|
|Environment Protection||Aggravate climate change|
|Customers concern||Threats to consumer health and safety|
|Community Engagement||Negative impact on the community|
5. Key Suppliers Work-Related Injury Investigation
100% of key suppliers have been inventoried
Investigate the work-related injuries of the key suppliers within the controllable range of Sinyi Realty.
In order to promote the safety of the labor working environment, we have increased our inspections of supplier’s workers injuries since 2016. In 2020, a total of 59 suppliers fall into this category, 100% of whom have been inventoried. Last year a total of 1,147,852 man-hours of labor were performed, during which a total of 11 incidents occurred. Average supplier work-related injury rate was 9.58.
The primary cause of injuries was traffic accident happened during commute time. We will continue carry out traffic safety awareness lessons and give regular reminder.
|Annual Labor Hours||603,914||434,746||460,821||509,199||688,946||687,031||1,112,682||1,123,692||1,147,852|
|Fatalities Caused by Work-related Injuries||0||1||0||0||0||0||0||0||0|
|Rate of work-related injuries(*1)||High-consequence||0||0||0||0||0||0||0||0||0|
|Rate of recordable work-related injuries(*2)||4.97||6.9||6.51||25.5||17.42||11.64||14.38||13.35||9.58|
*1 We followed GRI-403-9 Disclosure 2018 version, reported and divided the work-related injuries into high-consequence and recordable categories. In 2020 we had recordable result of commuting incidents only.
*2 Rate of work-related injuries＝Total No. of Injury Incidents / Total working hours x 1,000,000