Ouhua Energy : Annual Reports And Related Documents

SUSTAINABILITY REPORT

2021

Ouhua Energy Sustainability Report 2021

CONTENTS
1	ABOUT THE REPORT................................................................................................................................	2
2	FEEDBACK ................................................................................................................................................	2
3	BOARD STATEMENT ON SUSTAINABILITY ..............................................................................................	3
4	ABOUT THE GROUP.................................................................................................................................	4
5	GOVERNANCE STRUCTURE .....................................................................................................................	5
6	STRATEGIC APPROACH FOR SUSTAINABILITY ........................................................................................	5
7	STAKEHOLDER ENGAGEMENT ................................................................................................................	6
8	MATERIALITY ASSESSMENT ....................................................................................................................	8
9	ENVIRONMENTAL MANAGEMENT .......................................................................................................	10
	ENERGY.............................................................................................................................................	10
	WASTE ..............................................................................................................................................	10
	ENVIRONMENTAL COMPLIANCE .....................................................................................................	10
	SUPPLIER ENVIRONMENTAL ASSESSMENT .....................................................................................	11
10	ORGANISATIONAL & RELATIONSHIP MANAGEMENT......................................................................	12
	EMPLOYMENT ..................................................................................................................................	12
	TRAINING & EDUCATION .................................................................................................................	14
	OCCUPATIONAL HEALTH & SAFETY .................................................................................................	15
11	CORPORATE GOVERNANCE ..............................................................................................................	17
	ANTI CORRUPTION...........................................................................................................................	17
GLOBAL REPORTING INITIATIVE (GRI) CONTENT INDEX................................................................................	18

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Ouhua Energy Sustainability Report 2021

1 ABOUT THE REPORT

Reporting Boundary

As a guide, this report covers operations and all subsidiaries for which Ouhua Energy Holdings Limited ("Ouhua Energy" or the "Company", and together with its subsidiaries, the "Group") has management control, unless otherwise stated. It seeks to prove an overview of our approach, practices, commitment, and performance of the Group's material Environmental, Social and Governance ("ESG") topics. The report covers the sustainability performance of the Group's operations from 1 January 2021 to 31 December 2021 ("FY2021").

Reporting Period & Standard

The reporting period is the same as the financial year of the Group (1 January 2021 to 31 December 2021). This report was prepared in accordance with the Global Reporting Initiative ("GRI") Standards - "Core" reporting requirements. The GRI Standards is the most widely used and internationally accepted sustainability reporting framework. A GRI Content Index at the end of the report specifies the location of the relevant disclosures.

Independent Assurance

The ESG performance data presented in the report have mainly been extracted from internal information systems and original records to ensure accuracy. The Group has not sought external assurance for this sustainability report but have relied on internal verification to ensure the accuracy of data.

2 FEEDBACK

We are fully committed to our stakeholders and we welcome feedback on any aspect of our sustainability policies, processes and performance. Kindly address all feedback to [e-mail]. Your feedback is vital to us in achieving our goals to build a sustainable and thriving business. As an attempt to promote environmental conservation, there will be no hard copies of this report.

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Ouhua Energy Sustainability Report 2021

3 BOARD STATEMENT ON SUSTAINABILITY

Ouhua Energy is pleased to issue its fourth sustainability report prepared in accordance with the GRI Standards and in compliance with the SGX-ST guidelines on sustainability reporting.

The Group endeavours and is committed to continually consider material environmental, social and governance topics as part of our core business strategy. The report seeks to present an accurate account of our practices and performance in our quest to be a sustainable, responsible corporate body.

The Board of Directors ("Board") and senior management ("Management") remains committed to establishing and maintaining an effective Sustainability Management framework, which is supported by underlying internal controls, risk management practices and reporting processes. The Board evaluates and considers ESG risks and opportunities relevant to the Group during the formulation of overall business strategy, objectives, and performance measurements.

The Sustainability Reporting ("SR") Committee supports the Management in identifying the type of ESG topics relevant to its day-to-day operations. Management then determines the materiality of the ESG topics based on the level of significance of impact, influence on stakeholder values, and the achievement of the Group's strategic objectives. The Board supports and approves the identification and assessment parameters of material ESG topics.

The ESG topics in this report reviewed by the Board and Management are assessed to be material and relevant. The Board and Management shall continue to dedicate leadership and maintain a high standard of sustainability governance to drive continuous and long-term growth for all stakeholders. The Group will continue to work towards a balanced disclosure on the management and monitoring of material ESG topics for continuous improvement.

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Ouhua Energy Sustainability Report 2021

4 ABOUT THE GROUP

Corporate Profile

Ouhua Energy is one of the leading importers of Liquefied Petroleum Gas ("LPG") in the People's Republic of China ("PRC") in terms of imported quantities. Ouhua Energy is strategically based in Chaozhou City, Guangdong Province, the "Ceramics Capital" of the PRC. Our mission is to provide environmental-friendly business supply of LPG. As a supplier capable of international deliveries, we devote ourselves to providing our customers with only the best.

Core Value

Outstanding Quality, Dedicated Service

Our Beliefs

We believe in safety, ecological sustainability, as well as building sincerity and trust throughout our organisation.

Our Vision

To establish an internationally renowned enterprise and build an integrated energy brand.

Mission Statement

To honour our obligations to our investors, lead the way forward for our industry, and to share our success with society.

Entrepreneurial Spirit

We are unwavering, cooperative, responsible and innovative.

Management Principles

These are founded on the fundamentals of 4S: Spread, Syncretise, Share, and Service.

Our Service Motto (BLUE)

B - for Bright, the way we stay flexible and adaptive to our customer needs

1. - for Labor-saving, the cornerstone of efficiency

U - for Ultra-pure, the impeccable quality of our product

E - for Expediently, so our customers always enjoy maximum convenience

The Group captures about 40% of the local market share. In addition to importing most of the raw materials, namely butane and propane, from overseas suppliers and processing these into LPG, it also directly purchases LPG from domestic refineries for sale to customers across the PRC, and exports to Vietnam, the Philippines, and Thailand in Southeast Asia.

Ouhua Energy is equipped with a comprehensive suite of production facilities, including over 100,000 cubic metres of LPG storage facilities, and a current annual LPG production capacity of 900,000 tonnes. These facilities are well located in a prime waterfront area supported by wharves

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