Supplier Management

Supplier Sustainability Management Policy

The company adheres to the spirit of operating with integrity, promoting sustainable development of the environment and safeguarding basic human rights. As relevant issues advance with the times, the company has achieved effective recognition and implementation of E (environment), S (society) and G (governance). Every year, we ask our suppliers to sign a corporate responsibility commitment letter and uphold the ethical standards that a company should have. We expect our suppliers to work with us to fulfill our corporate social responsibilities, strive to reduce business risks and harm to the environment, and protect human rights, so as to maintain A long-term and stable cooperative relationship, mutual benefit and sharing, and working together to create a sustainable supply chain.
The following are the goals we jointly abide by and strive for:​

1. Comply with labor standards​

The working conditions of employees employed should comply with the standards set by relevant laws and regulations such as the Labor Standards Act, the basic labor human rights principles recognized by international human rights conventions, and relevant labor laws and regulations.

2. Health and Safety​

Provide employees with a safe and healthy working environment, comply with local occupational safety and health regulations, and reduce dangerous factors in the working environment to prevent employees from occupational disasters.

3. Protect environmental sustainability​

Operations should avoid polluting water, air and land. Where cost-effective and technically feasible, efforts should be made to reduce adverse impacts on human health and the environment, and the best feasible pollution prevention and control measures should be adopted.

4. Abide by the principle of integrity​

Any form of bribery, corruption, extortion, theft, abuse of power and improper benefits is prohibited, including money, gifts, commissions, positions, services, preferential treatment, kickbacks, etc. in any form or name.

5. Information disclosure, transparency and cooperation​

Disclose information regarding participation in labor, health and safety, environmental activities, business activities, organizational structure, financial condition and performance in accordance with applicable regulations and prevailing industry practices. The company or its cooperating third-party verification unit is allowed to conduct audits on whether suppliers have violated this commitment letter.

Supplier Management​

Yitongzhan hopes to establish long-term and close cooperative relations with suppliers. The purchasing unit regularly evaluates suppliers on quality, delivery time, service and other indicators. Suppliers are requested to cooperate with the company's procurement strategy and accept audits.

Implementation status in 2023​

  1. Suppliers are required to sign a corporate responsibility commitment letter through sampling methods to ensure that the recycling rate reaches 100%.
  2. Supplier evaluation is conducted at the end of October every year, and the top 60 suppliers are evaluated. 14% are grade A, 65% are grade B, and 21% are grade C. The overall pass rate is 100%.
  3. In order to establish long-term cooperative relationships with suppliers, we assist suppliers in making suggestions for improvement measures to achieve the goals of mutual benefit and sharing.