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(Adopted by the Board on 23rd March 2016)
AAC Technologies Holdings Inc (the “Company” or “AAC” together with its subsidiaries, the “Group”) upholds its Corporate Social Responsibility principles of “people-oriented, compliance, continuous improvement and benefits to society”.
AAC Technologies defines Sustainability as a commitment to build a strong and successful business for the future, while minimizing negative environmental and social impacts, and sharing long-term values with its stakeholders. To integrate considerations on sustainability, social and community aspects into all our business decisions, ensuring that all decisions are made with knowledge of their social, environmental and economic implications in line with AAC's core values, “Safety First, Scientific Management and Stable Development”.
We are committed to the principles of stakeholder engagement, diligently identifying and responding to our stakeholders' concerns, so we can strike a balance between economic development, environmental and social responsibility.
Our goals for sustainability development address our environment, our people and our community. We are committed to the following governing principles of sustainable development:
1. To ensure the highest standards of governance, transparent, honesty and integrity in our operations;
2. To ensure a respectful, harmonious and safe working environment for our people and inspire them to grow with the Group;
3. To promote a green environment wherever we work and in our operational practices;
4. To acknowledge the support we receive from the communities we serve by making meaningful contributions to them either through participating in, or sponsoring, worthwhile causes and initiatives;
5. To influence our supply chain to share our belief with regard to Corporate Social Sustainability;
6. To continuously improve our sustainability performance through monitoring and reporting
This Policy shall be communicated to AAC's stakeholders, including but not limited to its employees, shareholders, suppliers, business partners and customers, and made available to the public, including the investing public.
Terms of Reference of Sustainability Working Group.pdf
Code of conduct
Operation of AAC will strictly observe the principles of honesty, impartial and fairness with legal and moral standards. All employees of AAC must comply with all national, provincial and local laws, ordinances, regulations of their localities, as well as this policy.
The code of ethics of the Company aimed to provide staff with certain rules and standards to be followed in their connections with customers, suppliers and other related parties of our business. We strictly prohibit any suspicious or illegal intelligence gathering, in order to protect the reputation of the Company and employees to avoid the occurrence of any unethical business behavior.
The Company is committed to develop business with high ethical standards, and endeavors to be equipped as an outstanding member of the world.
The Company is determined to provide quality products and outstanding services to the world market for economic returns.
We will strictly comply with high ethical standards and perform all obligations of an outstanding corporate.
To achieve this target, all employees shall assume the following responsibilities:
l Produce safe products and protect the environment in accordance with the safe operation regulations of the Company.
l Sincerely and equally treat all of the customers and suppliers.
l Honest, impartial and legitimate business development.
l Avoid conflict of personal interests and corporate interests.
l Protect and proper use of internal information, materials, property and resources of the Company.
l Non-public information shall keep in confidential and is not for private interests.
When dealing business on behalf of the company, each employee shall adhere to high ethical standards for the Company to maximize its benefits. The following situations shall be handled with extra-care to avoid violation of the rules and regulations of the Company:
l Employees shall not accept or claim any amount of cash, gifts, privileges or hospitality, unless it is consistent with normal business practices (such as normal business meals or promotional gifts, etc.)
l Employees shall strive to avoid or shall accurately report any potential conflicts of interest between individuals and the Company.
l Without permission, employees shall not disclose confidential information of the Company to external person or employees within the Company who shall not be informed with such information.
l When reporting or handling the financial statements, employees shall not be tampered with, falsified, deliberately omitted, hide the fact.
If the staff have any questions in relation to the ethics standards of the Company, please ask supervisors or managers for a clear answer.
It is the responsibility of every employee to protect the tangible and intangible assets of the Company.
Respect to individual is the basic principle of AAC.
As part of its code of ethics, AAC insist that everyone is equal and respect to individual.
AAC will not discriminate against suppliers, employees or shareholders for the race, color, age, sex, religion, disability, nationality or military service, etc.
Any form of request, demand or acceptance of any gifts with economic values from suppliers, representatives of suppliers or potential suppliers is prohibited.
The selection of suppliers, partners is based on competitive prices, reliable quality and timely delivery. Bribery, procurement or preferential condition is strictly forbidden.
Bribery, procurement or other actions to customers to achieve the sales target of the company is prohibited.
Strictly implement monetary policy of the nation, and bribery, money laundering is strictly prohibited.
Secure the harmony and interests of our customers, shareholders, and employees;
Comply with relevant laws and regulations of the country where we do business, provide employees with reasonable remuneration and benefits, equal opportunities, health and safety assurance;
Commit to protect labour rights, eliminate forced labour of any form, effectively prevent child labour, support free choice of occupation, treat employees with fairness, humanity, and the freedom of association, follow business ethics and have channels for employees to voice complaints;
Make constant assessment, improvement and adjustment in labour arrangements in light of trends in economic performance; and
Respect all employees as equals in processes of recruitment, training, performance management, talent selection and allocation of remuneration irrespective of their race, religion, colour, gender, nationality, age, and disability.
Strictly comply with environmental laws, regulations and other applicable requirements (including the requirements for controlled substances), strive to keep the total emissions cap, and pollutants control standard, follow the national principle of three-simultaneities in the establishment, revision, and expansion of construction projects;
Continue to improve environmental management systems and practices;
Prevent pollution and make every possible effort to prevent environmental and safety accidents;
Conserve energy, lower consumption, strengthen waste management, and achieve full utilization of resources;
Raise environmental awareness and skills among all employees to make the EMS system sustainable and effective; and
Share environmental management experience and proactively engage with government and stakeholders.
Greenhouse Gas Emissions Verification Statement.pdf
Climate Change Policy
(Adopted by the Board on 23rd March 2022)
AAC Technologies Holdings Inc. (the “Company” or “AAC”, together with its subsidiaries, the “Group”) recognises that climate change poses physical and transition risks to its business. Therefore, the Group is committed to developing strategies in line with industry best practices to mitigate, adapt and fortify its resilience to the impact on its operations occasioned by climate change.
In accordance with the Company’s Sustainability Policy, the Company shall:
1. Comply with relevant laws and regulations regarding carbon emissions of respective jurisdictions where the Company’s operations are located;
2. Reduce energy consumption and its reliance on non-renewable energy, where technically and economically feasible, by:
· Increasing renewable energy generation capabilities;
· Increasing the purchase of clean energy supplied externally;
· Favouring low-carbon technologies in facilities and operations;
· Executing action plans to continually improve energy performance, including energy efficiency, energy use and energy consumption;
3. Encourage sustainable procurement by incorporating climate change considerations, such as encouraging the use of low-carbon products and energy-efficient equipment;
4. Regularly review identified and assess potential climate-related risks and opportunities and ensure appropriate measures and emergency response plans are in place to minimise the impact of climate change on its operations;
5. Disclose climate-related risks and its management approach in the Sustainability Report; and
6. Disclose carbon emissions, targets, and progress in accordance with the HKEX and any other applicable requirements.