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CSR Assessments and Training in China!Compliance and Sustainability are two sides of the same coin, and businesses must keep their suppliers aware of key concepts to ensure that a business maintains best practices in China. Clear goals, ethics and mission starts with YOU! Find Out More Here.
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Chinese Companies Should Pay More Attention To Environment
July 11, 2008 |
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| Category: Environment
The "Industry Category Management Directory for Environmental Audit of Listed Company" has been published by China's Ministry of Environmental Protection, claiming companies in 14 industries that can not pass the environmental audits will not be allowed to apply for refinancing or public listings.
According to the directory, the 14 industries include thermal power, steel, cement, electrolytic aluminum, coal, metallurgy, building materials, mining, chemical industry, petrochemical, pharmacy, light industry, textile and leather sectors.
For companies applying for public listings, auditing contents include main pollutants discharged should reach national or local standards; a Waste Discharge Permit is necessary; major pollutant discharge of unit major product should reach advanced levels; safe disposal rates of solid waste and dangerous waste should reach 100%; stable operation rate of environmental facilities should be above 95%; sewage charges are paid in accordance with relative regulations; no prohibited substances are used for products.
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