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Environmental, Social, and Governance (ESG)

ESG

At CGC, we are dedicated to achieving robust Environmental, Social, and Governance (ESG) performance, ensuring lasting value for all stakeholders by integrating ESG principles throughout our business operations. As a responsible company, we understand that our role surpasses business continuity to include safeguarding the environment and uplifting communities. Our ESG approach extends beyond risk mitigation, aligning with the UN Sustainable Development Goals (SDGs) and pursuing ongoing improvement to contribute to Net Zero goals, sustainable progress, and a more inclusive society

ESG JOURNEY

Pathways to Sustainability: Shaping a Responsible Future

Chiniot Group of Companies has embarked on a transformative ESG journey, marking a pivotal step in its commitment to sustainability. This initiative began with the establishment of an ESG working group and comprehensive training for its members. To integrate sustainability into its operations, the Company introduced an ESG Policy encompassing environmental, social, and governance aspects relevant to its diverse business sectors, including Industrial & Commercial Explosives, Chemicals, Mining & Blasting, Logistics, Real Estate, and IT.

In alignment with global sustainability standards, the Company’s Board has constituted an ESG Committee to oversee and guide ESG-related initiatives. A detailed materiality assessment was conducted to identify key sustainability risks and opportunities. The assessment helped define relevant disclosures and compliance requirements. With expert guidance, the Company evaluated existing data against disclosure requirements and established procedures for obtaining critical ESG-related information. This data is used to measure and report the Company’s performance across environmental, social, and governance domains through structured ESG reporting.

Commitment to Sustainability: Industrial & Commercial Responsibility

Chiniot Group of Companies is dedicated to reducing its environmental footprint by adopting sustainable practices in its industrial operations. The Company actively implements measures to improve energy efficiency, minimize emissions, and adopt eco-friendly technologies. Chiniot Group aims to achieve net-zero operations by 2050 while significantly reducing emissions across its supply chain.

Joining Global Sustainability Movements

In its continuous pursuit of responsible business conduct, Chiniot Group of Companies has joined international sustainability initiatives, reaffirming its commitment to the UN Sustainable Development Goals (SDGs). By embracing these principles, the Company commits to ethical governance, environmental stewardship, fair labor practices, and anti-corruption measures. This engagement allows the Company to collaborate with global leaders, ensuring alignment with best sustainability practices.

The Roadmap to ESG Integration

The implementation of the ESG framework follows a structured approach covering key phases:

  • Capacity building and awareness sessions
  • Development and adoption of an ESG policy
  • Formation of an ESG committee
  • Identification of material sustainability topics
  • Understanding and fulfilling data collection requirements
  • ESG performance evaluation and reporting
  • Stakeholder communication and disclosure of impacts

Building an ESG-Centric Culture

To drive meaningful ESG initiatives, Chiniot Group established a dedicated ESG Working Group comprising members from various departments. Capacity-building sessions were conducted to enhance understanding of ESG principles, data collection methods, reporting requirements, and stakeholder engagement. Additionally, senior management and executive leadership participated in ESG awareness programs to ensure company-wide commitment.

Through these strategic efforts, Chiniot Group of Companies is committed to embedding sustainability into its business operations, creating long-term value for stakeholders while upholding its responsibility towards the environment and society.

Environmental, Social, and Governance (ESG) Policy

Introduction:

At Chiniot Group of Companies, encompassing sectors such as Industrial & Commercial Explosives, Chemicals, Mining & Blasting, Logistics, Real Estate, and IT, we are committed to integrating Environmental, Social, and Governance (ESG) principles into our operations. This commitment reflects our dedication to sustainable growth, ethical practices, and value creation for all stakeholders.

Environmental Stewardship

  • Resource Efficiency: We strive to minimize our environmental footprint by optimizing resource utilization, reducing waste, and promoting recycling across all operations.
  • Pollution Prevention: Implementing measures to prevent air, water, and soil pollution is paramount. We adhere to all environmental regulations and continuously seek innovative solutions to mitigate environmental impacts.
  • Sustainable Practices: We are committed to adopting sustainable practices, including the use of eco-friendly materials and technologies, to ensure the long-term health of our planet.

Social Responsibility

  • Employee Well-being: We prioritize the health, safety, and professional development of our employees, fostering a culture of inclusivity and respect.
  • Community Engagement: Actively engaging with the communities where we operate, we invest in initiatives that support education, health, and economic development.
  • Human Rights: We uphold the highest standards of human rights, ensuring fair labor practices and opposing any form of discrimination or exploitation.

Governance Excellence

  • Ethical Conduct: Our operations are grounded in integrity and transparency. We maintain robust policies to prevent corruption, bribery, and unethical practices.
  • Compliance and Accountability: We adhere to all applicable laws and regulations, with established mechanisms to ensure accountability and regular audits of our practices.
  • Stakeholder Engagement: We are committed to open communication with our stakeholders, including investors, customers, employees, and communities, ensuring their perspectives inform our decision-making processes.

Implementation and Monitoring

To actualize this ESG policy, we will:

  • Set Measurable Goals: Establish clear objectives and targets to drive continuous improvement in our ESG performance.
  • Regular Reporting: Provide transparent updates on our ESG initiatives and progress to stakeholders.
  • Continuous Improvement: Regularly review and refine our ESG strategies to adapt to evolving best practices and stakeholder expectations.

By embedding ESG principles into our corporate strategy, Chiniot Group of Companies aims to contribute positively to society and the environment while achieving sustainable business success.