Integrity. Customer First. Creative Innovations. Be diligent and pragmatic; work together. Grow together with the customers. Innovate through R&D and make contributions to the society. Since founding of Dairen Chemical Corporation, we have upheld integrity, customer first, and creative innovations as its business values. Relevant divisions within the Corporation are encouraged to operate their business in accordance to business values. All employees are required to adhere to the business principles and relentlessly working on: strict quality management, assessment and the protection of environment, safety, and health (ESH), implementation of responsible care, products R&D, process improvements, comprehensive production automation, and formation of e-based enterprise. We will continue to diversify and develop chemical materials and their uses. In addition, we will not cease our effort to establish sale and production presence globally. Through diligence and pragmatism, we will grow together with our customers and continue to make contributions to the society to enhance social wellbeing and quality of life. This Code of Conduct emphasizes our core values and adheres to internationally recognized sustainability and human rights guidelines, including the Universal Declaration of Human Rights (UDHR), the United Nations Global Compact (UNGC), the United Nations Guiding Principles on Business and Human Rights (UNGPs), the ILO Declaration on Fundamental Principles and Rights at Work, and the Responsible Business Alliance (RBA) Code of Conduct, among other standards and initiatives. It is expected that employees use this Code as a behavioral guide when conducting business and collaborating with customers, suppliers, and other business partners, assisting all staff in making decisions that manifest the core values of the Dairen Chemical Corporation. This Code of Conduct is binding upon all employees of the affiliated enterprises under Dairen Chemical Corporation. The Corporation will regularly arrange training and review it annually at the ESG Committee to ensure the guidelines can be updated in response to needs. Integrity is the fundamental of our business culture, and we are strictly committed to legal compliance of all applicable laws and regulations through keeping attention on the evolving regulations whichever may impact our business and financial performance simultaneously, constant training has been established to enable employees to elevate their legal compliance competency and awareness to conduct the business with integrity. We strive to abide by applicable anti-corruption and anti-bribery laws to fight the illegal behaviors. In addition, we prohibit any fabrication or acts to deceive stakeholders, which might impair our goodwill and customers’ trust. All directors and employees shall engage in activities which fit the interests of Dairen Chemical Corporation to protect our good reputation and not allow any solicitation from the competitors or customers for personal gains. No person shall engage in any activity that is in conflict with or detrimental to Dairen Chemical Corporation’s interest. According to the international conventions and international trade laws, the import and export of specific chemical materials, services, or high–tech equipment are prohibited, we strictly abide by the Chemical Weapon Convention, the Strategic High-Tech Commodities regulations, and any other applicable local regulations. As a chemical materials manufacturer, it is our obligation and responsibility to be aware of rules about manufacturing and selling materials for making narcotics, psychotropic substances, or addictive substances. We strictly prohibit any employee in purchasing, manufacturing, or selling any chemicals or materials in violation of such conventions or laws. Money laundering means the introduction of any assets (not limited to cash) illegally acquired from criminal activities into normal economy system which include cash transactions, monetary instruments or any other illegal transactions. Such act of laundering could seriously and negatively impact on the global economy. Any questionable transfers of cash or cash equivalents regardless of whether it is through bank notification or detected internally shall be immediately reviewed and approved by the head of Financial Department. Ensure all employees are free from physical or mental unlawful infringements during the performance of their duties that could result in physical or mental illness, and provide a work environment that is mutually respectful and free from harassment, bullying, and violence. Sexual harassment, stalking harassment, and any form of bullying, violence, verbal or physical threats, intimidation, coercion, or humiliating, insulting, or embarrassing demands or behaviors in the workplace are strictly prohibited. As a return to the community where we operate the production, we provide employment opportunities to the neighboring communities and our employee’s families. In addition to supporting local community folk and public welfare activities, we provide material or funding assistance to disadvantaged groups to fulfill our corporate social responsibility. Multiple and anonymous reporting channels have been established. If employees believe that their own or others' behavior may violate laws or contradict the values described in this Code of Conduct, they should immediately report to their supervisor or Legal Department and the investigation will follow the internal "Grievance Investigation Operating Procedures." Reporting Mail: ccpglg@ccpgp.com Reporting Tel: +886-2-25102215 Dairen Chemical Corporation are dedicated to protecting the person whoever has doubt or need assistance in query or reporting about this Code of Conduct whose identity and reports will be treated confidentially strictly and prohibit retaliation for good faith reports of potential or actual misconducts as well as the involved investigators.
Integrity
Customer First
Creative InnovationsBusiness philosophy
Operating principles
Corporate Governance
Regulations Compliance
Fair Competition
To ensure a fair competition in the market, any competition-limiting agreements or arrangements with the competitors are strictly prohibited. Discussion with competitors about the price, production volume, customers allocation, sale/production plan and quotas, or carving the market share should be avoided during the attendance of industry association meetings or conference.
The vertical anti-trust restraints between suppliers and customers or licensor and licensee are also forbidden for the fact that in many countries such violation may lead to huge penalty and/or criminal punishment.
With the product dominance at certain markets, employees should abide by the relevant regulations in EU, US, China, and other countries where abuse of dominant position is restricted or prohibited, in order to avoid any huge penalty and/or criminal punishment.Anti-Bribery and Anti-Corruption and Anti-Fraud
Therefore, our business partners, including but not limited to our suppliers, customers, joint ventures partners, contractors and distributors, are treated fairly. All employees are prohibited to demand or accept anything of value (such as cash, gifts, voucher, sponsorship). Likewise, employees are prohibited to promise or grant benefits to any personnel of our business partners and government officials to obtain or retain business, or gain any improper advantages to Dairen Chemical Corporation or for personal benefit.
Employees are only allowed to accept gifts, business meals, or entertainment based on the modest customary business practice. Offering, granting, demanding or accepting cash or improper benefits is strictly prohibited.
Any fraud, such as taking advantage of job duties to falsely report travel allowance and entertainment expenses to seek personal benefits, collecting kickbacks or paying for personal entertainment and consumption expenses through business partners, and falsely reporting increases in revenue and concealing the facts about losses in the financial statements, is a serious violation of our core values.
We aim to achieve a robust anti-bribery, anti-corruption and anti-fraud system through independent internal audits performed by auditors subordinated to the Board of Directors and external audits performed by professional and impartial external auditors, coupled with educational training on legal compliance for each department.
Employees shall report to their supervisor or consult Legal Department once any business partner or government official offering or demanding personal benefit.Confidential Information Protection
Any disclosure of Dairen Chemical Corporation’s non-public information is highly likely to cause significant material and non-material losses to the company, including loss of market advantage, decline in revenue, reduction in profits, and damage to reputation, while potentially leading to substantial compensation claims and litigation risks from third parties. Such information shall be regarded as the Corporation’s trade secrets; all employees worldwide are obligated to, and must, strictly comply with the confidential information protection regulations of the Corporation and their respective local jurisdictions. Any employee who is transferring or leaving the company or post shall return or destroy all confidential information belonging to Dairen Chemical Corporation, and shall not disclose or use any confidential information regardless the purpose.
Dairen Chemical Corporation follows relevant applicable laws for Personal Data Protection. We respect and are committed to protect the privacy for all employees and our business partners and will prohibit any use of the private data for unreasonable gain. We process our employee and business partners’ data carefully with appropriate measures to ensure the personal data security.Investors Protection
Insider information refers to any non-public information that can influence the investment decisions of a general rational investor or the market price of a company’s securities. Common types of insider information include: non-public market information, unannounced sales or revenue information, future earnings or losses, material events or news (such as reorganization, mergers, or management changes), etc.
Dairen Chemical Corporation members who become aware of insider information regarding the Corporation, its suppliers, or partners shall not trade the company’s stocks or securities, directly or indirectly, nor disclose such information to others for the purpose of trading. The restriction on indirect trading includes transactions conducted by anyone living with a member of the Dairen Chemical Corporation or anyone who is financially dependent on a member of the Corporation.
The financial and business transaction information of each company within the Dairen Chemical Corporation is regarded as trade secrets and insider information, which shall not be disclosed or utilized without authorization to avoid affecting shareholders' rights. The immediate termination of employment and individual civil and criminal liability shall result from any violation of insider trading guideline.Conflict of Interest
Embargo and Trade Control
Money Laundering
Environment
Environment and Occupational Safety & Health
As a chemical material manufacturer, we are committed to effective use of natural resources and recycling & re-use for our sustainable program. We also invest actively in research and development of green products, waste reduction and elevation of energy efficiency. For fulfilling our responsibility for the environment, economy, and the society, we pay great care to the issues relating to the global warming, air pollution, water resource depletion, toxic chemical management, and others impacting our living standard.
Dairen Chemical Corporation complies with the locally applicable laws and regulations governing the treatment and management of toxic and hazardous substance. At the same time, we are committed to invest in R&D to develop substituted materials friendly to the environment and earth.
Dairen Chemical Corporation protects physical and mental health of our employees, neighboring communities, and business partners in a constructive way. Each employee must comply with applicable laws and regulations, internal policies and procedures, operating standards relating to environment, occupational health and working safety at all time to achieve the goal of “zero incident” at the workplace.Society
Labor Rights and Social Standards for Workplace
We are committed to create a work environment that is consistent with international and social agreed-upon standards. All employees shall observe each country’s labor laws and regulations as well as the social ethical norms.
Dairen Chemical Corporation abides strictly to each country’s labor laws, and hereby declare that we prohibit and do not employ any forced or child labor.
We practice principle of equal employment opportunities and strictly prohibit any discrimination on the basis of race, class, language, thought, religion, political party, place of origin, place of birth, gender, sexual orientation, age, marital status, appearance, physical or mental disability. We value the non-discrimination principle and recognize the freedom to associate, collective bargaining in resolving labor disputes regardless if the employees are the members of labor union. We are committed to fair remuneration and benefits to the employees, working hours and paid leave according to locally applicable laws.
Sexual harassment and other workplace harassment in sense of humiliating, insulting, embarrassing, threatening, terrifying regardless in verbal or acts are strictly prohibited. Employees should consult with the Human Resource Department with any doubts.Prevention of Unlawful Infringements such as Harassment, Bullying, and Violence
Community Relationship and Social Care
Violation Report and Notification
Reporters Protection