The sustainability of the supply chain is a critical extension of the Company's overall ESG performance. Wanguo Gold Group has established a supplier management system covering the full process of admission, assessment, and improvement, deeply integrating environmental, social, labor, and quality standards into procurement decisions. By forming long-term partnerships with key suppliers and driving the entire value chain toward a greener and more responsible direction through empowerment and collaboration, we ensure that our value chain meets the highest standards of accountability.
Rejecting a "one-size-fits-all" approach, we implement risk-based differentiated management:
Assessment Frequency
Dynamically adjusted according to supplier nature and risk classification. High-risk suppliers undergo more frequent reviews (annually or quarterly) to ensure early identification and proactive intervention of risks.
Coverage Ratio
Key suppliers are subject to 100% assessment coverage; for lower-risk suppliers, scientific sampling methods are adopted to ensure control effectiveness while improving management efficiency.
We conduct comprehensive supplier evaluations across four dimensions to drive full accountability:
Environmental Dimension
Reviewing compliance with environmental laws and regulations, environmental management system certifications, energy use efficiency, waste reduction measures, environmental protection investment intensity, and the application of sustainable procurement and production methods.
Social Dimension
Assessing compliance with safety regulations, effectiveness of safety management systems, employee training coverage, incident rate control levels, and community engagement proactivity.
Labor Dimension
Verifying compliance with labor laws and relevant International Labour Organization (ILO) standards, with focused attention on the protection of labor rights and interests—including working hours, wages, and benefits—as well as the soundness of employee training and development plans.
Quality Dimension
Examining the operation of quality management systems, product/service quality assurance capabilities, and the effectiveness of continuous improvement mechanisms.
Assessment is not the endpoint, but the starting point for mutual progress:
Joint Improvement Planning
For issues identified during reviews, we work with suppliers to develop actionable improvement plans.
Resources and Capability Suppor
Providing necessary support resources to help suppliers elevate their management standards and meet the Group's environmental and social requirements.
Strategic Partnership
Encouraging suppliers to continuously improve, establishing partnerships that transcend mere transactions, and enhancing supply chain resilience.
Supply Chain ESG Performance Results
Following rigorous review and assessment during the reporting period, Wanguo Gold Group recorded no terminations of cooperation due to major environmental or social negative events by suppliers. This demonstrates the effectiveness of our proactive risk management and supplier empowerment strategies, as well as our firm resolve to uphold the bottom line of sustainable development together with our value chain partners.