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  • China Life has compiled the “Supplier Corporate Social Responsibility Guidelines” in enforcing worker and human rights, employee health and safety, environmental protection, and ethical management related regulatory requirements. We work hand in hand with our suppliers to fulfill corporate social responsibility commitments. In pursuing the abovementioned goal, we continuously motivate ourselves to improve and carry out our goals; we also sincerely hope that our suppliers can address their own corporate social responsibilities and ethics. We demand our suppliers commit to their corporate social responsibilities and join China Life in pursuing sustainable development.

    Commitment of Suppliers to Corporate Social Responsibilities

     

    Ⅰ. Implementation Strategy

    1. China Life is to conduct interviews, questionnaires and training sessions in understanding how suppliers implement corporate social responsibilities across all of their business transactions as well as their understanding and dedication to fulfilling sustainable development values.
    2. When signing contracts with suppliers, the terms and conditions must abide by the CSR policies of both parties. Should a supplier violate CSR policies, thereby causing significant social and environmental impact on the community of the supplier’s source, the supplier shall propose improvement plans. If no improvements are made or if a material violation is discovered, the contract should be terminated or declared void.

    Ⅱ. Worker and Human Rights

    Suppliers should take the following worker issues into consideration when employing workers:

    1. Recruitment of child labor should be in compliance with the law.
    2. Prohibition of forced labor.
    3. Working hours and labor compensation should be in compliance with legal laws and regulations.
    4. Prohibition of any form of discrimination.
    5. Respect freedom of assembly and negotiations.
    6. Compilation of health and safety regulations.

    Ⅲ. Worker Health and Safety

    Suppliers should promise to abide by relevant worker health and safety regulations, and agree to unconditional compliance with China Life’s Contractor Health, Safety and Environment Management Provisions.

    IV. 、Environment Protection

    1. The Company should assess its procurements’ environmental and social impact on the community that the suppliers source from, and ensure that the suppliers are committed to fulfilling corporate social responsibilities.
    2. Suppliers should strive to reduce or eliminate all forms of wastage, including the use of excess water and energy. Suppliers can implement energy saving mechanisms on its equipment, as well as its maintenance and production procedures. Suppliers may also recycle, reuse materials or choose alternative material sources in achieving energy saving goals.
    3. Suppliers should strive to reduce environment pollution as well as the emission of toxins or waste. In addition, suppliers should properly dispose of waste and should abide by relevant regulations in reducing impact on the environment.

    V. 、Codes of Ethical Management

    1. Suppliers should be in compliance with ethical management and misconduct guidelines, including but not limited to integrity management, fair trade, public disclosed information; and avoid improper sources of income, false advertising, and abide by intellectual property regulations.
    2. Both parties should engage in transparent and public transactions in compliance with the ethical management guidelines. If a party engages in misconduct resulting in material violations or inability to fulfill the terms of the contract, the other party may terminate the contract or declare the contract void.

    In fulfilling its corporate social responsibilities, China Life stipulates relevant internal standards and regularly discloses its actions on a yearly basis. To learn more about China Life’s CSR achievements in terms of the supply chain and environmental protection, please click one of the following links:

    Advancing Climate Governance

    Low-carbon operation

    Sustainable supply chain