Wison Engineering Services Co. Ltd.
(Incorporated in the Cayman Islands with limited liability Stock Code: 2236)
Wison Engineering
Builds a Better World
Environmental, Social and
Governance Report
2023
Wison Engineering Services Co. Ltd.
Environmental, Social and
Governance Report 2023
CONTENTS
MANAGEMENT/CHAIRMAN'S MESSAGE | 2 | |
ABOUT THIS REPORT | 4 | |
AWARDS AND HONOURS | 6 | |
1. | A CLOSER LOOK AT WISON ENGINEERING | 9 |
1.1 | AN OVERVIEW OF WISON ENGINEERING | 9 |
1.2 | GOVERNANCE SYSTEM | 13 |
1.3 | SUSTAINABILITY GOVERNANCE | 17 |
2. | PROMOTING INNOVATIVE DEVELOPMENT | 29 |
2.1 | INDEPENDENT R&D | 29 |
2.2 | CORE COMPETITIVENESS | 33 |
3. | ENHANCING SUSTAINABLE DEVELOPMENT | 34 |
3.1 | SOUND MANAGEMENT SYSTEM | 34 |
3.2 | SAFETY FIRST | 36 |
3.3 | QUALITY FIRST | 40 |
3.4 | GREEN OPERATION | 43 |
4. BOOSTING COOPERATION
AND MUTUAL SUPPORT | 58 | ||
4.1 | CUSTOMER CARE AND COMMUNICATION | 58 | |
4.2 | SUSTAINABLE SUPPLY CHAIN MANAGEMENT | 61 | |
4.3 | MUTUAL BENEFITS AND WIN-WIN RESULTS | 64 | |
5. | INTEGRATED TALENT DEVELOPMENT | 66 | |
5.1 | EQUALITY, OPENNESS, AND INTEGRATION | 66 | |
5.2 | TRAINING AND DEVELOPMENT PLANNING | 70 | |
5.3 | EMPLOYEE CARE AND BENEFITS | 75 | |
6. CONTRIBUTING TO THE COMMUNITY | 79 | ||
APPENDIX I | LIST OF MAJOR APPLICABLE | ||
LAWS AND REGULATIONS | 82 | ||
APPENDIX II | CONTENT INDEX OF HKEX | ||
ESG REPORTING GUIDE | 84 | ||
APPENDIX III | GRI STANDARDS CONTENT INDEX | 89 | |
Wison Engineering Services Co. Ltd.
MANAGEMENT/CHAIRMAN'S MESSAGE
In 2023, the petrochemicals and energy market was faced with multi-faceted challenges and opportunities, as the global economic environment and policy continued to change and the energy price fluctuated. Against the backdrop of the times, upholding the strategy of "leading by innovation, focusing on principal operations and establishing global presence", Wison Engineering gave full play to its advantages as a private enterprise in the field of energy and chemical engineering, and calmly responded to the ever-changing market environment. By holding a pragmatic and pioneering attitude, we continuously improved operation and management benefits and created more value for customers, committed to grow into a world-class energy and chemical engineering company.
During the past year, Wison Engineering continued to consolidate its core business market, maintaining a leading position in traditional areas such as ethylene, cracking furnace, propane dehydrogenation (PDH), coal gasification, methanol to olefin (MTO), synthetic ammonia, etc. Meanwhile, by proactively responding to the country's "dual-carbon" policy and fully leveraging its professional advantages, Wison Engineering successfully created new performance growth points and satisfied the new customer needs by several key technological breakthroughs in new energy and new materials such as degradable plastics ("PGA"), methyl methacrylate ("MMA"), hydrogen energy, carbon dioxide ("CO2") emission reductions.
During the Year, Wison Engineering focused on green and low-carbon transformation to cope with climate change and systematically analysed the needs of and technological bottleneck in the transformation to the new energy industry that is driven by technological innovation and electricity-hydrogen coupling. Moreover, the Company focused on the recruitment of technical experts and core talents specialising in electricity-hydrogen coupling, green ammonia and methanol, carbon capture and utilisation, and biomass utilisation, set up a task force to coordinate the in-depth development of the technology roadmaps and solutions for deep decarbonisation of hydrogen, ammonia, methanol, and sustainable aviation fuel (SAF), etc., strove to be part of the strategic global energy transformation and national development of disruptive productive forces, in an early, rapid and professional manner and spared no efforts in creating new business and product lines dealing with services and delivery of renewable energy technology with core competitiveness. During the Reporting Period, Wison Engineering was awarded a number of new energy projects and provided many technical solutions for domestic and international customers regarding their needs and scenarios of low-carbon and green development. These projects included low-carbon methanol synthesis from carbon capture coupled with exhaust gas-hydrogen in an active large-scale refining and chemical integration project, methanol synthesis from carbon capture and hydrogen in a large-scale coal chemical project, hydrogen storage in organic liquids, on-shore carbon capture/liquefaction/shipping of offshore gas reinjection, offshore off-gridwind-based hydrogen and ammonia production.
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Environmental, Social and Governance Report 2023
MANAGEMENT/CHAIRMAN'S MESSAGE
We valued environmental protection and were committed to the sustainable development. We implemented green construction concepts during the design and operation phases of projects and continously optimized energy-saving and emission-reduction solutions, such as advocating the recycle of waste materials in our projects, organizing the "One Hour Power-Off" campaign on World Earth Day. On the occasion of Safety Month and World Environment Day, both in the Company's headquarter and departments at project sites launched a wide range of safety and environmental protection activities.
During the Year, we continued to strengthen quality, health, safety and environment ("QHSE") management. Following the principle of "pursuing safety throughout the project life cycle", Wison Engineering kept promoting the development of the QHSE management system and standardisation of QHSE management. We also made continuous efforts to promote the "1+3 co-construction" management model with builders, suppliers, construction contractors and strategic partners to create a good ecosystem of QHSE management for integration, collaboration, improvement and win-win results and demonstrated a safe and reliable image of Wison Engineering.
Wison Engineering adhered to the concept of "establishing global presence" at all time. As the international economy and energy demand gradually recovery, we continue to implement the globalisation strategy covering both domestic and international markets with greater confidence, strengthen and upgrade our core products, and utilize our project experience over the years to cooperate with our domestic and international customers to provide quality products and services for them. Meanwhile, we adhered to the talent strategy of cultivating design talents as the priority and international and localised talents as the core. We introduced senior management and technical personnel according to the changes in the external market environment, optimised and expanded the talent team, and encouraged the outstanding talents to give full play to their potentials, so as to bring the Group's innovation capability to a new level.
In the new year, Wison Engineering is committed to the transformation of internationalization in the face of complex and volatile economic environment and challenges. Coupled with opportunities of the emerging global new energy market, the Company aims to develop relevant core competitiveness, and achieve its systematic and comprehensive pivoting towards international market and new energy sector. The Company will continue to strengthen the research and development of independent technology, further expand its competitive products and enlarge investment in new energy and new materials. Moreover, the Company will maximise its bonding and connecting role in the commercialisation of new technologies as an engineering company, to achieve sustainable development and transform itself from a traditional energy and chemical engineering company into a leading provider for international clean energy services in the midst of both opportunities and risks.
Zhou Hongliang
Executive Director and Chief Executive Officer
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Wison Engineering Services Co. Ltd.
ABOUT THIS REPORT
REPORT OVERVIEW
Wison Engineering Services Co. Ltd. (the "Company" together with its subsidiaries, hereinafter referred to as the "Group" or "Wison" or "we" or "us") is pleased to present the annual environmental, social and governance report for year ended 31 December 2023 (the "ESG Report" or "this Report") to provide an overview of the Group's management of significant issues affecting the operation, including environmental, social and governance ("ESG") matters.
The Group puts the sustainable development of its business as the top priority of its long-term development goals, and incorporate climate-related issues and environmental, social and governance elements into its long- term business strategic planning. As the most important leading role of the Group, the board of directors (the "Board of Directors" or the "Board") has the sole responsibility to oversee, manage and monitor the Group's ESG issues and progress directly. The Board is committed to integrating ESG principles into our business management practices.
Looking ahead, the Board will continue to review and monitor the environmental, social and corporate governance performance of the Group and provide material, reliable, consistent and comparable environmental, social and corporate governance information to its stakeholders for making contributions to create a better environment.
SCOPE OF REPORT
The policies and data contained in this Report cover the Company and its wholly-owned and controlled subsidiaries. Some of the content involves Wison Group Holding Limited (the "Wison Group"). The scope of data disclosure is from 1 January 2023 to 31 December 2023 (the "Reporting Period" or the "Year"), with some additional related information incorporated that may have occurred outside the Reporting Period. Unless otherwise specified, the currency used in this Report is Renminbi ("RMB").
BASIS OF PREPARATION
This Report is prepared based on the Environmental, Social, and Governance Reporting Guide (the "Guide") in Appendix C2 to the Rules Governing the Listing of Securities (the "Listing Rules") issued by the Stock Exchange of Hong Kong Limited (the "Stock Exchange" or "HKEX") with reference to the GRI Standards issued by the Global Sustainability Standards Board (the "GSSB").
The content covered in this Report complies with the mandatory disclosure provisions, "comply or explain" clause, and requirements of four Reporting Principles (i.e. materiality, quantitative, balance, and consistency) of the Guide.
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Environmental, Social and Governance Report 2023
ABOUT THIS REPORT
Materiality | Quantitative | Balance | Consistency | |||
This Report has clearly | The statistical criteria, | The Report provides a | The statistical methods | |||
identified and disclosed | methods, assumptions, | fair and objective picture | used to disclose | |||
the process of | and/or calculation tools | of the Company's | information in this | |||
significant ESG topics | used to report | performance during the | Report are consistent | |||
and the principles on | emissions/energy | Reporting Period and | with those used last | |||
which such topics are | consumption (if | avoids selections, | year. Any changes will | |||
chosen, as well as the | applicable) in this | omissions, or | be clearly stated in the | |||
description of identified | Report, as well as the | presentation formats | Report. | |||
key stakeholders and | sources of conversion | that may inappropriately | ||||
the process and results | factors, are all | influence a decision or | ||||
of stakeholder | explained in the Report. | judgment by the Report | ||||
engagement. | readers. | |||||
SOURCE OF AND RELIABILITY GUARANTEE FOR DATA
The data and cases in this Report mainly come from the Company's statistical reports and relevant files. The board of directors of the Group solemnly undertakes that the Report does not contain any false statements or misleading records, and is responsible for the authenticity, accuracy, and completeness of its content.
ACCESS AND RESPONSE TO THIS REPORT
This Report is available in both traditional Chinese and English versions for readers' reference. In case of any discrepancy, the traditional Chinese version prevails.
The electronic version of this Report is available in the section headed "Financial Statements/Environmental, Social and Governance Information" on the website of the Stock Exchange (www.hkexnews.hk) or on the official website of Wison Engineering (www.wison-engineering.com).
We attach great importance to the suggestions of stakeholders and welcome readers to contact us using the following contact information. Your suggestions will help us further improve this Report and enhance the overall sustainability performance of Wison Engineering.
Tel.: 852-21164313
Fax: 852-21169273
Address: Room 2507, 25th Floor, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong
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Wison Engineering Services Co. Ltd.
AWARDS AND HONOURS
Over the years, Wison Engineering has been widely recognised for its quality engineering design, research and development (R&D) of innovative technology, and excellent consultancy results. During the Reporting Period, we once again won a number of awards and honours, which indicated a high level of recognition and acknowledgement from all walks of life.
Awarded projects
Awards
Awarding institutions
Outstanding design results | ||
Shandong Yang Coal Hengtong's | First Prize of Shanghai Excellent | Shanghai Exploration & |
300,000-tonne Methanol to | Engineering Exploration and | |
Design Trade Association | ||
Olefin Project | Design Awards (Industrial Category) | |
1 Million Tonnes/year Ethylene Plant | Second Prize of Excellent Engineering | China Petroleum & |
under Polyurethane Industry Chain | ||
Exploration and Design Awards in | Chemical Engineering Survey and | |
Integration-Ethylene Project of | ||
Petroleum and Chemical Industry for 2023 | Design Association | |
Wanhua Chemical | ||
200,000 Tonnes/year | ||
Chlorination Method Titanium Dioxide | Second Prize of Excellent Exploration and | Survey and Design Association of |
Production Line Project of | Design Awards in Henan Province for 2023 | Henan Province |
Henan Billions Advanced Material Co., Ltd. | ||
100,000 Tonnes/year Butadiene | ||
Production Plant under 600,000 Tonne/ | ||
year Methanol-to-olefins Production | Second Prize of Excellent Exploration and | Survey and Design Association of |
Optimization Project of | Design Awards in Henan Province for 2023 | Henan Province |
Nanjing Chengzhi Yongqing | ||
Energy Technology Co., Ltd. | ||
Huang Ze Shan Oil Transfer, Storage, | Second Prize of Excellent Exploration and | |
and Transportation Project of | Design Awards for the Second Batch of | China Water Transportation |
Guangsha (Zhoushan) | Water Transportation Projects in | Construction Association |
Energy Group Co., Ltd. | 2022-2023 | |
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Environmental, Social and Governance Report 2023
AWARDS AND HONOURS
Awarded projects
Awards
Awarding institutions
Excellent consultancy results
Feasibility Study Report on Coal-based | ||
High-performance New Material Project | First Prize of 2023 Excellent Engineering | Association of Engineering |
of Jiangsu Jinkong Equipment | Consultancy Awards in Henan Province | Consultation of Henan Province |
Xinhengsheng Chemical Co., Ltd. | ||
Feasibility Study Report on 80,000 | First Prize of 2023 Excellent Engineering | Association of Engineering |
Tonnes/year Melamine Project of Xinjiang | ||
Consultancy Awards in Henan Province | Consultation of Henan Province | |
Yihua Chemical Co., Ltd. | ||
Feasibility Study Report on New Chemical | First Prize of 2023 Excellent Engineering | Association of Engineering |
Materials Project (Phase I) of Xinjiang | ||
Consultancy Awards in Shanghai | Consultation of Shanghai | |
Xinlianxin Chemical Industry Co., Ltd. | ||
Feasibility Study Report on Methanol to | Second Prize of 2023 Excellent | |
Olefin and Downstream Deep Processing | Association of Engineering | |
Engineering Consultancy Awards in | ||
Integration Project of Guangxi Huayi | Consultation of Henan Province | |
Henan Province | ||
Energy Chemical Co., Ltd. | ||
Feasibility Study Report on Methanol to | Second Prize of 2023 Excellent | |
Olefin and Downstream Deep Processing | Association of Engineering | |
Engineering Consultancy Awards in | ||
Integration Project of Guangxi Huayi | Consultation of Shanghai | |
Shanghai | ||
Energy Chemical Co., Ltd. | ||
Wison Engineering Services Co. Ltd.
AWARDS AND HONOURS
Awarded projects
Awards
Awarding institutions
AAAAA-grade projects in chemical engineering quality evaluation
600,000 Tonnes/year Propane | ||
Dehydrogenation (PDH) Plant under C3 | AAAAA-grade Project in Chemical | China National Association of |
and C4 Comprehensive Utilization Project | ||
Engineering Quality Evaluation | Chemical Construction Enterprises | |
of Shandong Binhua New Materials | ||
Co., Ltd. | ||
300,000 Tonnes/year Caustic Soda and | ||
400,000 Tonnes/year PVC Project on the | AAAAA-grade Project in Chemical | China National Association of |
Integrated New Materials Base of Huayi | Engineering Quality Evaluation | Chemical Construction Enterprises |
Qinzhou Chemical Co., Ltd. | ||
Awards
Awardees
Awarding institutions
Other awards | ||
Outstanding Enterprises with | Wison Engineering (China) Limited | China National Association of |
Market Competitiveness | Chemical Construction Enterprises | |
Top 100 Suppliers in China's Petroleum | Supply Chain Working Committee | |
Wison Engineering (China) Limited | of China Petroleum and Chemical | |
and Chemical Industry for 2023 | ||
Industry Federation | ||
2023 Green Construction Project | ||
in Chemical Industry (300,000 Tonnes/ | ||
year Caustic Soda and 400,000 Tonnes/ | Wison Engineering (China) Limited | China National Association of |
year PVC Project on the Integrated | Chemical Construction Enterprises | |
New Materials Base of Huayi Qinzhou | ||
Chemical Co., Ltd.) | ||
2023 Safe and Civilized Construction Site | ||
in Chemical Industry (300,000 Tonnes/ | ||
year Caustic Soda and 400,000 Tonnes/ | Wison Engineering (China) Limited | China National Association of |
year PVC Project on the Integrated | Chemical Construction Enterprises | |
New Materials Base of Huayi Qinzhou | ||
Chemical Co., Ltd.) | ||
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Wison Engineering Services Co. Ltd. published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2024 22:28:20 UTC.