CORPORATE GOVERNANCE
STATEMENTS
31
CITIC ENVIROTECH LTD.
Annual
Report
2015
Environmental and Social Impact: Matching Challenges to Solutions for Sustainable
Business
More than a decade ago, at the formation of the company, the founding members of United Envirotech
embraced the challenges arising from environmental pollution, ecological and social concerns that confront
businesses, and made it our business agenda to bring sustainable solutions to stakeholders. Today, in our
business, every day we confirm with actions and data that “Good environmental and social performance
means good business”.
In the 2015 edition of our annual report, we began the inclusion some operational, environmental and
social performance aspects of the company. Due to the change in reporting period, in this edition we are
providing an update for activities and programs from April to December 2015 only.
Our People
The company’s continual success is highly dependent on a pool of talented leaders, managers and
key employees. The company seeks to develop and retain critical competency and skills by offering
competitive remuneration packages. In 2012, the company launched its comprehensive employee incentive
and stock option schemes, as a way to retain, motivate and incentivize mid level and senior executives.
As the company is growing rapidly, the company is continually fine-tuning its management structure, to
enlarge its strategic planning, business development, technology and operational management capability.
In the past three years, the company added executive headcounts in Corporate Affairs, Research and
Development, Plant Operation and Maintenance, Technology, Procurement, Finance, Performance
Management and HSE. This significantly reduces the personnel risks associated with any single individual
and increases its managerial capability to continue growth momentum. The acquisition of Memstar in April
2014 augmented the group’s technology and R&D staff strength.
CEL’s reevaluated its plans for growth and expansion. The strong business and financial network, as well
as influence and geographical presence of CITIC Limited, the company’s ultimate majority shareholder,
spurred the leadership team to set as its vision to be one of the top China water industry solution providers
within three to five years. This led to an internal reorganization such that CEL now has four teams working
concurrently on business development and operations, to increase market opportunities, accelerate deal
closures and improve project execution.
A snapshot of our growth in human capital over the last 3 years:
CEL Employee
Profile (China,
Malaysia,
Singapore)
No. of
Employees
Gender
No. of
Employees
of Minority
Ethnic
Groups
No. of
Employees
hired with
Disability
Educational Background
M F
Post
Graduate
Bachelor
Degree
Post
Secondary
Diploma
Secondary
and Lower
As at Dec 31, 2015 1501
62% 38% 36
7
55
322
392
732
As at Mar 31, 2015 1379
67% 33% 17
9
49
266
326
738
As at Mar 31, 2014
912
72% 28% 10
0
30
225
266
391
As at Mar 31, 2013
725
71% 29% 10
0
24
188
221
292
Workplace Safety
Since the beginning of 2013, the group started to track safe working time and monitor workplace related
incidents, and employee lost work time due to incidents. In the past nine months, the group employees
and EPC contractors clocked total of 3,572,877 work hours. There were two minor incidents of employee
injury (non-reportable, with 2-days of lost time each).
