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Improving Governance

At GenScript, we uphold integrity, compliance and high ethical standards. We integrate ESG into our top-level planning and enhance our corporate governance structure to reinforce risk management and solidify the foundation for our sustainable development.

ESG Governance ESG Governance 1
Business Ethics Business Ethics 2
Information Security Information Security 3
Risk Management Risk Management 4

The Board of Directors (Board) is ultimately responsible for the management of ESG issues and information disclosure. We have the Risk Management and ESG Committee in place, which is responsible for developing the ESG vision, targets, strategies and policies and overseeing the implementation of ESG initiatives.

ESG Management Level
Members
Duties
Board of Directors
  • All Board members (comprising four executive directors, one non-executive director, and seven independent non-executive directors)
  • Be ultimately responsible for the management of ESG topics and information disclosure
  • Identify, evaluate, and manage ESG-related risks and opportunities through established governance processes, controls, and procedures
  • Approve and oversee ESG information disclosures
Risk Management and ESG Committee
  • Composed of one executive director and two independent non-executive directors
  • Develop our ESG vision, targets, strategy, and policies
  • Monitor the execution of the ESG strategy, track progress towards ESG targets, and assess the effectiveness of ESG initiatives
  • Review ESG-related policies and standards, and respond to stakeholder inquiries
ESG Working Team
  • Chaired by Rotating Chief Executive Officer and Chief Financial Officer
  • Composed of heads of ESG-related departments
  • Provide strategic guidance on ESG matters
  • Assess and prioritize material ESG issues
  • Coordinate resources to drive ESG performance and ensure effective implementation of ESG initiatives
  • Collaborate with ESG-related departments to develop action plans based on ESG targets, and follow up on the implementation
  • Regularly report ESG topics to the Risk Management and ESG Committee
ESG-related departments
  • Composed of designated ESG owners from departments related to material ESG issues
  • Implement the ESG strategy and action plans
  • Provide regular updates on ESG progress to the ESG Working Team
  • Offer ESG improvement suggestions based on professional expertise and experience

ESG Governance Structure

We conduct our business guided by high standards of business ethics and integrity. We comply with applicable laws and regulations of the countries and regions where we operate and proactively work against corruption and unfair competition.

  • The Anti-Commercial Bribery Committee oversees corruption and commercial bribery issues within the Group.
  • Internal policies on business ethics, including the Business Conduct Guidelines, the Anti-corruption Management Measures, and the Whistleblowing and Investigation Policy
  • We provide anti-corruption training for all employees and directors.
  • Require all employees to sign the commitment letter under the Business Conduct Guidelines and require all suppliers to sign the Integrity Undertaking to prevent corruption
  • Offer anti-corruption training for all employees and directors, and establish multiple reporting channels

Learn more about our approach to business ethics and compliance >>

Information security and privacy protection lay the foundation for corporate compliance and operations. We strictly comply with applicable laws and regulations of countries or regions where we operate, and take security measures to prevent data breaches and protect customer privacy. All our operational sites have been certified to ISO 27001 Information Security Management System.

GenScript’s Information Security

GenScript’s Information Security

GenScript’s Privacy Policy

We have “Three Lines of Defense” in place to effectively identify, assess and manage risks. We create a risk management culture by providing risk management training for the management and employees.

1st line
2nd line
3rd line

All business units and functions

Design and implement rules and processes, and identify, assess, manage, monitor and report risks within their areas of responsibility

Risk management functions and ESG Committee

Coordinate the development of risk management policies, provide expertise, monitor the 1st line, and offer improvement advice

Internal audit team and Audit Committee

Provide independent and objective assurance, and oversee the established risk management processes, procedures and activities