Supply Chain ManagementSustainability Principles
Building a Sustainable and Ethical Supply Chain
- GRI 103
Material Topics and their Meaning
We consider suppliers as an extension of Sinyi, and are important partners to jointly achieve the sustainability goals. We extend our core value to our suppliers, supplemented by the power of procurement to exert a positive influence on suppliers, and hope to create, protect, and promote sustainable economic, social, and environmental development with our suppliers, and achieve a supply chain with business ethics. Through resource sharing, we will be good partners to suppliers, to coexist and prosper with the society and the environment, and move toward to a more inclusive future.
Sinyi’s Major Contributions
toward the SDGs
Ensure healthy lives and promote well-being
for all at all ages.
Sinyi Realty actively strives to channel our influence through our supply chain. We have set out sustainability terms and standards in our supply chain management strategy and strive to see them implemented with our suppliers, as well as linking them with our purchasing. As regards the latter, we have set out related management mechanisms and risk identification processes for our various types of supplier, and we hope that through thorough and ongoing strengthening of our supply chain management, we will be able to bring our corporate ethics into reality alongside our suppliers, promoting health and well-being for all involved labor.
Promote inclusive and sustainable economic growth,employment and decent work for all.
Sub-goal: Take immediate, effective measures to ban and eliminate child labor and forced labor; the target is to have ended all forms of child labor by 2025. In addition to protecting the rights and interests of labor, we will also promote safe work environments. Since 2013, Sinyi Realty has comprehensively incorporated human rights conditions into contracts, using these to promote the provision of better working environments for both suppliers and labor.
Ensure sustainable consumption and
Sub-goal: Ensure that people everywhere have information on and awareness of sustainable development by 2030. In order to fully implement corporate ethics into our operations and services, we share with our suppliers our philosophies of ethicality, integrity, and sustainable development, making these core elements of our supply chain management and aiming to Gung Ho with suppliers toward sustainable operations.
Ensure sustainable consumption and
Severe climate change may cause property losses and service being interrupted. We continue to implement 100% local procurement to avoid the risk of international supply chain disruption. However, suppliers must act on environmental protection together in order to reduce the impact caused by natural disasters. We invited some of our upstream and downstream key suppliers to respond to carbon reduction and conducted a GHG emissions of energy survey in 2020.
Strengthen the means of implementation and revitalize the global partnership for sustainable development
In order to deepen sustainable action, we actively participate in various sustainable organizations and jointly promote the SDGs. As an industry leader, we hope to unite the enterprise alliance and supply chain, gathering power in the process, and to speak up together, to attract social awareness, and to spread power to every corner. We cooperate with suppliers to hold public welfare activities and co-create value with them.
Incorporate sustainability terms, purchasing ethics standards, proper business practices, and other sustainability plans into contracts with suppliers and enact supply chain management using ISO 9001 Quality Management Systems and ISO 20121 Event Sustainability Management Systems.
On-site inspections to assess risks, set up reporting mechanism for risk control.
Conduct regular and spot checks of implementation of quality, delivery period, costs, and sustainability terms.
Include deadlines for improvement and methods for termination of contracts.
Total Ethical Management Committee- Supply Chain Management Group
Future Strategic Goals
2021 Short-term Strategic Goal ▼
Short-term Strategic Goal: 2021 Increase the inspection rate of key suppliers to 90% and above, and Gung Ho with suppliers
Key suppliers include existing and new suppliers. In 2021, we will introduce ISO 20400 and continue to invite suppliers to fill out the CSR self-assessment form before on-site visits, and to enhance ESG performance together with suppliers.
2022~2030 Medium-term Strategic Goal ▼
Medium-term Strategic Goal: 2022~2030 Vision The inspection rate of key suppliers reached 95%, and continue to promote the sustainable, low-carbon supply chain
Continue to share learning resources and exchange experience with suppliers, and together to improve, innovate to grow towards a sustainable, low-carbon supply chain.
2030+ Long-term Strategic Goal ▼
Long-term Strategic Goal: Sinyi Sustainability Principles Building a Sustainable and Ethical Supply Chain
We believe that to expand Sinyi’s core value to suppliers, and to combine Supplier Social Assessment with green procurement, we will be good partners to suppliers, to co-exist and co-prosper with the society and the environment, and to move towards an inclusive growth together.