Construction Project Portfolio
Supplier Selection & Procurement
When selecting suppliers, Sinyi Development incorporates environmental and social considerations into the project bidding documents. The technical evaluation of construction contractors is conducted for various aspects, for example, assessing whether they meet the company´s requirements for low-carbon building materials or construction methods, the adoption of new building materials or construction methods, integrity management, or other improper behaviors. Additionally, the company adopts the BIM technology, emphasizing effective communication and coordination among collaborators. Sinyi Development expects construction partners to embrace sustainable development concepts and thinking, and move together towards the goal of sustainable buildings. As for general suppliers, the company upholds the spirit of green procurement, prioritizing products that hold international or national green or environmental certifications.
Environmental Protection and Safety Measures
Labor Safety and Health Management
Risk Management
Environmental Protection and Safety Management: Regular monitoring of construction site environmental safety operations, including inspection of perimeter fencing, dust dispersion control, noise management during machinery operation, and waste sorting for recycling. Green Procurement: Prioritizing the purchase of products certified under international or national green or environmental standards. Carbon Inventory: Proactively collaborating with suppliers to jointly conduct carbon emission calculations.
Labor Safety and Health Compliance: Ensuring compliance with labor safety regulations, including proper provision of personal protective equipment (PPE), and maintaining safe and hygienic working conditions for all personnel. Human Rights: To identify, prevent, and mitigate negative human rights impacts, conducting human rights due diligence or impact assessments on operational activities.
Risk Management Mechanism: Minimizing avoidable risks, costs, and potential losses through proactive risk control measures. Audit Mechanism: Ensuring assurance over core financial and operational processes through systematic audits. Ethical Business Practices: Maintaining a clean record with no incidents of corruption, bribery, or related misconduct in the past. Product Quality Control Plan: Establishing procedures to ensure consistent and reliable product quality through comprehensive quality management systems.
After the completion of the supplier selection stage and signing contracts, in addition to contractual agreements, efforts are made to foster a shared commitment to sustainable development. This involves signing agreements with all suppliers on “Supplier Sustainability Terms＂ and “Sinyi Group Suppliers Business Code of Conduct＂. By doing so, sustainability issues are integrated into supplier management and ensure all suppliers meet the screening and assessment criteria for Environment protection, Social responsibility and Governance (ESG) at a 100% level. In the future, the following directions will be progressively incorporated to ensure that contractors adhere to the requirements during the construction process and post-completion, aligning with the Environment protection, Social responsibility and Governance (ESG) issues. In the event of supplier violation, Sinyi Development will require timely improvements or may terminate/cancel contracts. The expectation is for suppliers to collaborate with Sinyi Development in jointly pursuing the goal of sustainable development