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Improving Governance

At GenScript, we uphold integrity, compliance and high ethical standards. We integrate ESG into our top-level planning and enhance our corporate governance structure to reinforce risk management and solidify the foundation for our sustainable development.

ESG Governance ESG Governance 1
Business Ethics Business Ethics 2
Information Security Information Security 3
Risk Management Risk Management 4

We have established a top-down ESG governance structure. As the highest decision-making body, the Board is ultimately accountable for ESG management. The Risk Management and ESG Committee assists the Board in overseeing ESG strategy, targets and progress. The ESG Working Team coordinates resources and drives the implementation of ESG action plans across functions, ensuring robust governance and effective execution.

ESG Management Level
Members
Duties
Board of Directors
  • All Board members (four executive directors and six independent non-executive directors)
  • Be ultimately responsible for the management of ESG topics and information disclosure
  • Identify, evaluate, and manage ESG-related risks and opportunities through established governance processes, controls, and procedures
  • Approve and oversee ESG information disclosures
Risk Management and ESG Committee
  • Composed of one executive director and two independent non-executive directors
  • Develop our ESG vision, targets, strategy, and policies
  • Monitor the execution of the ESG strategy, track progress towards ESG targets, and assess the effectiveness of ESG initiatives
  • Review ESG-related policies and standards, and respond to stakeholder inquiries
ESG Working Team
  • Chaired by Rotating Chief Executive Officer and Chief Financial Officer
  • Composed of heads of ESG-related departments
  • Provide strategic guidance on ESG matters
  • Assess and prioritize material ESG issues
  • Coordinate resources to drive ESG performance and ensure effective implementation of ESG initiatives
  • Collaborate with ESG-related departments to develop action plans based on ESG targets, and follow up on the implementation
  • Regularly report ESG topics to the Risk Management and ESG Committee
ESG-related departments
  • Composed of designated ESG owners from departments related to material ESG issues
  • Implement the ESG strategy and action plans
  • Provide regular updates on ESG progress to the ESG Working Team
  • Offer ESG improvement suggestions based on professional expertise and experience

ESG Governance Structure

We uphold the highest standards of ethics and integrity across our operations, and comply with all applicable laws and regulations in the countries and regions where we operate. We have established a robust framework of business ethics policies, including the Business Conduct Guidelines, the Anti-Corruption Policy, and the Whistleblowing and Investigation Policy, among others. These policies articulate clear expectations for ethical conduct and anti-corruption practices, while also establishing channels and procedures for reporting and investigation.

  • The Board holds ultimate responsibility for overseeing the Company’s ethical framework by reviewing and approving ethical policies, assessing ethics-related risks, and ensuring transparent handling of any misconduct.
  • We conduct regular audits and monitoring of high ethical risks such as corruption, bribery, and conflicts of interest across all business units.
  • Anti-corruption and anti-bribery training is provided for all employees and directors, specifying the Company’s ethics standards.
  • We maintain confidential reporting channels for all employees and external stakeholders to report any suspected or potential misconduct, including bribery, corruption, fraud, and policy violations.
  • All employees are required to sign the commitment letter under the Business Conduct Guidelines and all suppliers are required to to sign the Integrity Undertaking to prevent corruption.

Learn more about our approach to business ethics and compliance >>

Information security and privacy protection lay the foundation for corporate compliance and operations. We strictly comply with applicable laws and regulations of countries or regions where we operate, and take security measures to prevent data breaches and protect customer privacy. All our operational sites have been certified to ISO 27001 Information Security Management System.

GenScript’s Information Security

GenScript’s Information Security

GenScript’s Privacy Policy

We have “Three Lines of Defense” in place to effectively identify, assess and manage risks. We create a risk management culture by providing risk management training for the management and employees.

1st line
2nd line
3rd line

All business units and functions

Design and implement rules and processes, and identify, assess, manage, monitor and report risks within their areas of responsibility

Risk management functions and ESG Committee

Coordinate the development of risk management policies, provide expertise, monitor the 1st line, and offer improvement advice

Internal audit team and Audit Committee

Provide independent and objective assurance, and oversee the established risk management processes, procedures and activities