CENTURY SYNTHETIC FIBER CORPORATION SUSTAINABILITY REPORT 2021
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2021 SUSTAINABILITY REPORT CONTENTS | |||||||||
GRI 100 | CHAIRMAN'S MESSAGE | ||||||||
THE COMPANY'S PROFILE | |||||||||
THE OVERVIEW OF THE 2021 SUSTAINABILITY REPORT | |||||||||
MISSION-VISION | |||||||||
THE COMPANY'S VALUES | |||||||||
STK'S COMMITMENT | |||||||||
STK'S KEY MILESTONES | |||||||||
KEY UPDATES IN THE SUSTAINABILITY REPORT | |||||||||
STK'S AWARDS | |||||||||
STK'S ORGANIZATION CHART | |||||||||
THE BOARD OF DIRECTORS MEMBERS TENURE 2018-2023 | |||||||||
THE ROLE AND RESPONSIBILITY OF THE BOARD OF DIRECTORS TO | |||||||||
SUSTAINABLE DEVELOPMENT | |||||||||
THE BOD'S ACTIVITIES | |||||||||
STK'S BOARD OF MANAGEMENT | |||||||||
OVERVIEW OF | STK'S BOARD OF SUPERVISORS | ||||||||
PREVENTION OF INTEREST CONFLICT AND TRANSACTIONS WITH RELATED | |||||||||
SUSTAINABILITY REPORT | |||||||||
PARTIES | |||||||||
SUSTAINABLE DEVELOPMENT CONTEXT | |||||||||
THE COMPANY'S ETHICAL VALUES | |||||||||
CODE OF CONDUCT TO RELATED PARTIES | |||||||||
THE ADVISORY AND REPORTING CONCERNS REGIME ABOUT THE CODE OF | |||||||||
CONDUCT AT THE COMPANY | |||||||||
DETERMINATION OF RELATED PARTIES' PRIORITY | |||||||||
ALIGNMENT WITH RELATED PARTIES | |||||||||
IDENTIFICATION OF MAJOR MATTERS | |||||||||
LIST OF MAJOR MATTERS OF STK | |||||||||
DEFINING SUSTAINABLE DEVELOPMENT OBJECTIVES ON MEDIUM AND | |||||||||
LONG TERM PERIOD 2019-2025 | |||||||||
ANALYSIS AND EVALUATION OF KEY RISKS | |||||||||
THE SYSTEM OF INFORMATION COLLECTION AND SUPERVISION OF THE | |||||||||
FULFILLMENT OF SUSTAINABLE DEVELOPMENT OBJECTIVES | |||||||||
REPORT ASSURANCE BY THIRD PARTY | |||||||||
ECONOMIC | GRI 200 | STK'S 2021 ECONOMIC PERFORMANCE | |||||||
MARKET PRESENCE | |||||||||
EFFEFFICIENCYLMENT | INDIRECT ECONOMIC IMPACT | ||||||||
ENVIRONMENT | MATERIALS | ||||||||
ENERGY | |||||||||
PROTECTION AND | GRI 300 | WATER USAGE | |||||||
REDUCING CARBON | GREEN HOUSE GAS EMISSION | ||||||||
FOOTPRINT | POLLUTION PREVENTION - ENVIRONMENTAL COMPLIANCE | ||||||||
EMPLOYMENT | |||||||||
SOCIAL AND LABOR | OCCUPATIONAL HEALTH AND SAFETY | ||||||||
GRI 400 | EDUCATION AND TRAINING | ||||||||
DEVELOPMENT | THE LOCAL COMMUNITY | ||||||||
HEALTH AND SAFETY OF CUSTOMERS | |||||||||
STK'S CULTURE AND TRADITIONS | |||||||||
THE CORPORATE CULTURE NORMS | |||||||||
GREEN CAPITAL MARKET | |||||||||
REFERENCE TABLE TO GRI STANDARDS | |||||||||
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SUSTAINABLE ACHIEVEMENTS OF STK IN 2021
CSI 100: STK was ranked in Vietnam's Top 100 Sustainable Enterprises in
2021, according to the CSI 100 Index (manufacturing sector). This is the
6th time in 6 consecutive years that STK has received this honorable award
(2016-2021).
ARA 2020 - 2021: STK won the 2nd prize of the 2021 best sustainability reports. In 5 consecutive years from 2017-to2021, the STK sustainability report has always been in the top 10 best quality reports in the market. In addition, the annual report also ranked in the top 10 2021 best annual reports in the Midcap group.
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- SUSTAINABILITY DEVELOPMENT MESSAGE (GRI 102-14)
(MD)
General Director Message
Dear valued shareholders and investors,
The year 2021 closed with many difficulties, challenges, and damages caused by the Covid 19 pandemic, but the crisis could not make us fall. Instead, with perseverance and best efforts, the community has come together to overcome the pandemic, then gradually recover and continue to develop.
Being consistent with STK's sustainable development strategy from the very beginning, especially focusing on developing and providing high quality eco- friendly products, which helped the Company to create more added values, aligning the interests of stakeholders, thereby helping the Company to maintain stable operation during 2021 when the Covid-19 pandemic severely outbroken and strongly affected the domestic market.
With nearly 20 years of operation in the field of polyester filament yarn production, STK has built a complete and appropriate human resources policies and practices which ,coupled with a corporate culture of solidarity and mutual
support, helped ensuring employee retention and sufficient human resources for the Company operation during the difficult period; As the company always places customers at its center of focus while willing to share the benefits with related parties such as suppliers/partners, during the outbreak of the Covid-19 pandemic in 2021, the Company still maintained a stable number of orders and ensured uninterrupted supply chain.
In addition, with the core value system of continuously and proactively renovating and improving efficiency and productivity, the Company has been successfully developing environmentally friendly products with high added value, at the same time reducing the production waste, then ensuring the Company's profitability.
In the period of 2022-2025, the Company will continue to maintain a sustainable development orientation in line with the general trend of Vietnam's textile and garment industry when more and more world fashion brands are making strong commitments in combating climate change, reducing greenhouse gas emissions, protecting the environment aiming towards the United Nations' goal of zero-carbon footprint by 2050 and balancing social responsibility.
Thereby, the Company will focus on developing more environmentally friendly products with high added value such as recycled yarn with many special features; increasing the proportion of dope dyed and recycled yarn in the total sales revenue, implementing capacity expansion projects such as Unitex factory with the latest technological equipment and a high degree of automation to maximise energy saving, increasing new product development capabilities as well as the project under the yarn-textile-garment alliance in the near future in order to enable the Company to meet the customers' growing demand.
In addition, the Company will also invest more in the latest information technology systems for its production and operation activities such as POC production management system, production planning management software,
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warehouse management software, automated packaging line etc. … which can help it to optimize and improve the Company's operational efficiency while reducing consumption and limiting emissions to protect the environment. x
We hope that with the guidance of the Board of Directors and shareholders' support, the Company will reap the set objectives and bring more interest to shareholders, employees, and the community.
GENERAL DIRECTOR
ĐẶNG TRIỆU HÒA
- OVERVIEW OF CENTURY SYNTHETIC FIBER CORPORATION
Established in 2000 as a limited liability company, Century Corporation has been focusing on production of polyester filament (POY, FDY and DTY). The Company changed into a joint-stock company in 2005, creating a foundation for future capital raising to finance development. On September 30th, 2015, Company was officially listed on Hochiminh Stock Exchange with an STK ticker. STK is one of the largest yarn manufacturers in Vietnam with a capacity of over 60 thousand tons of yarn annually. The development strategy focuses on premium products, especially eco-friendly ones such as recycled and color yarn. STK balanced the proportion of exporting and in-land market in total revenue around 50%: 50%. Recycled yarn (made of the recycled polyester chip which comes from post-consumer-used plastic bottles) has been STK's key growth driver due to the growing demand for eco-friendly products. Tentatively, STK will increase the proportion of recycled yarn up to 100% in the total revenue of existing factories by 2025.
CENTURY SYNTHETIC FIBER CORPORATION'S EFFORTS IN THE 20 YEARS PATHWAY TO SUSTAINABLE DEVELOPMENT
(2000-2021)
- Reducing the use of fossil energy sources through the use of renewable energy sources (Solar) with a capacity of 10.5 MWp;
- Reducing carbon footprint by more than 10% on average over the years;
- Reducing the use of clean water sources;
- Raising the rate of recycled and reused paper tube materials and domestic water in production;
- Raising the rate of recycled materials, increasing the proportion of Recycled yarn in total revenue to more than 50%;
- Increasing income for workers and raising the level of education of local people;
- Expanding the capacity and creating more jobs for local people;
- Developing more environmentally friendly products such as colored yarn using dope dyed technology, Recycled yarn with many functions… to protect the environment;
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Century Synthetic Fiber Corporation published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 03:02:00 UTC.
