NORINCO Issues the First Sustainability Report
In order to innovate in the way of communication and exchanges with stakeholders, present NORINCO accurately and comprehensively, and further establish the corporate image of a responsible and sustainable international company, NORINCO issued theNORINCOSustainability Report(2014-2015) recently. This is the first sustainability reportin the Chinese military trade sector and the weaponry sector. The Report was rated 4.5 stars (between advanced rating and excellent rating) by the ResearchCenter for Corporate Social Responsibility of China Academy of Social Sciences.
As a pioneer and leader of Chinese military trade, a major team for China to carry out the ¡°Going Global¡± strategy, the main force of international operation in the Chinese weaponry industry, NORINCO has grown into a multi-industry modern international company with 35 years of international operation experience. The management team of NORINCO cherishes a common dream ¨C leading NORINCO to become a sustainable and prosperous world-class multi-national company. To realize this dream, we must establish the core values of ¡°responsible operation and sustainable development¡±, carefully implement the corporate political responsibility, economic responsibility, social responsibility, and environmental responsibility, strive to provide products, technologies and services expected by customers, strive to create the corporate culture desired by the employees, strive to establish an open, synergic and reciprocal industrial chain ecosystem, strive to build a lasting undertaking respected and trusted by the society, and make due contributions to the Chinese weaponry industry, China and the world at large.
It is the mission of NORINCO endowed by the Group to serve the national defense security, serve the economic and social development, and lead the development of the weaponry industry. Sustainability is essential for performing the mission. Sticking to the development concept of ¡°innovation, coordination, eco-friendliness, openness and sharing¡±, NORINCO is responsible for the country, the industry, customers, employees and other stakeholders, with an aim to promote sustainable development of the whole society while realizing its own sustainability. First, NORINCO serves the national strategy and the development of the Chinese weaponry industry, actively performs the corporate political and economic responsibilities, promotes the growth of five strategic sectors (military trade, oil, mineral products, international engineering and specialized civil products) in the global market, and becomes the vanguard to implement the ¡°Belt and Road¡± strategy. Second, the corporation incorporates the concept of social responsibility into the corporate strategy and daily operation, proactively undertakes the due social and environmental responsibilities, and establishes the responsible image of an oversea Chinese enterprise. Third, driven by reform and innovation, NORINCO proactively adapts to the new normal of economy, makes efforts to transform and upgrade the military trade business, and develop the corporation into a world-class multi-national company.
The Sustainability Report serves as a window for the society to know and understand NORINCO, and conveys the operation concept of responsible operation and sustainable development and the will of NORINCO to create optimum value for stakeholders. Prepared according to the standard of State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and overseas multi-national companies, the Report tells the story of NORINCO from the perspective of sustainable development, based on what stakeholders think and international vision, and demonstrates the development conceptof international operation, practices to perform responsibility and management performance. The Report fully absorbs the opinions and suggestions of internal employees and external experts, and has made innovations in ¡°President Q&A¡±, Company Introduction, Sustainability Concept System, and ¡°Quotes¡±. These efforts underline the industrial features and enhance the readability of the Report, which is set to achieve a good communication effect.