Communication on Progress

Communication on Progress

Participant
Published
  • 05-Sep-2012
Time period
  • September 2011  –  September 2012
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • Sep 5, 2012

    To our stakeholders:

    I am pleased to confirm that Shanxi Jinshang Energy Asset Management Co., Ltd. reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

    In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

    Sincerely yours,

    Mr. Zhao Yuan
    President, Shanxi Jinshang Asset Management Co., Ltd.

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • We respect the principles of the Universal Declaration of Human Rights. In particular, we strive to improve standards of living according to Article 25.

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • We encourage our employees to raise any Human Rights issues with our management.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Our Human RIghts record thus far, as reviewed by the management team, has been entirely satisfactory. Due to our company philosophy of care and respect for fellow human beings a Human Rights violation incident has yet to occur.

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • In accordance with the International Labour Organization Core Principles, neither our company nor our key business partners make use of forced or child labour, or discriminate among employees. We provide our employees with a high standard of remuneration to ensure they are fairly compensated for their work.

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • Our company maintains close ties between the management and employees, the local population and local government to ensure that labour rights are upheld.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • We strive to provide fair employment to the impoverished local community. In particular, we do not discriminate based on social origin or gender in our hiring process.

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • Our company provides a positive lasting impact on the environment via upgrading of current electricity facilities and the development of renewable energy in Yalop, thus improving air quality, energy security, and energy production productivity. Our goal is to increase awareness of energy poverty issues in the community over the next 8 years.

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • Positive environmental impact is incorporated into our company's mission. Our upgrading of current electricity facilities greatly improve their energy efficiency, and we actively develop renewable energy technologies.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • We collaborate with a specialized institution to ensure we reach our environmental goals.

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • We support the UN Convention Against Corruption, and therefore do not condone payment of bribes by the company or any of its employees. We operate on principles of honesty and transparency.

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • The local community holds the company acountable towards the anti-corruption policy.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • Funds are tracked carefully to ensure that all money is accounted for and goes directly towards the realization of The Village and The Earth project.