Impro Precision Established “the Sustainability Committee”
Impro Precision Established “the Sustainability Committee”
Promoting Sustainability in Business While Pursuing Long-Term Growth
Impro Precision Industries Limited ( “Impro Precision” or “the Company”, together with its subsidiaries, “the Group”, stock code: 1286 ), today announced that the “Sustainability Committee” was formally established on July 3, 2020, undertaking the great responsibilities of promoting the sustainability of the Company’s business while pursuing long-term growth.
The Group recognizes the importance of sustainability to its corporate strategy and is putting it into action. Members of the Sustainability Committee of the Company shall be made up of a minimum of three members with at least two executive directors and one non-executive director of the Company, and will meet regularly with the group management and external consultants to ensure that all employees of the Company are involved and truly committed to the Company’s sustainability management program. Its main responsibilities include: 1) to review, formulate and endorse sustainability standards, priorities and goals of the Group; 2) to oversee the development and implementation of the Group’s sustainability strategies, policies and practices; 3) to oversee, review and evaluate the performance and effectiveness of implementation targets or measures; and 4) to review and advise the Board of Directors on public reporting of the Company as regards to its performance on sustainability matters.
Mr. LU Ruibo, Chairman and Chief Executive Officer of Impro Precision, said, “We have established the strategies, frameworks and policies that meet the sustainability goals of the Company, made strategic decisions on development management and oversaw the implementation of these decisions by establishing the Sustainability Committee. Our directors will pay more effort on the governance of sustainability, encourage all staff to work together so as to realize the Company’s sustainability vision, continuously improve the Company’s value, corporate efficiency and governance capabilities, and protect the rights and interests of shareholders and other related parties.”
Dr. YEN Gordon, non-executive director of Impro Precision, said, “Since the Company’s shares were listed on the Main Board of HKEx last year, I am very pleased to see that Impro Precision’s management team emphasize great importance to sustainability. As the first chairman of the Sustainability Committee of the Company, I will prioritize the sustainability goals by creating an excellent and transparent environmental, social and governance index system, in an effort to further improve our corporate governance and bring positive changes to the environment and society.”
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About Impro Precision Industries Limited
Impro Precision Industries Limited, was founded in 1998 in Wuxi City and its global headquarters was moved to Hong Kong in 2011. The Group is a global top 10 manufacturer of high-precision, high-complexity and mission-critical casting and machined components for diverse end-markets. According to the Roland Berger Report, the Group was the world’s 7th largest independent and China’s largest investment casting manufacturer and also the world’s 4th largest precision machining company in the end-markets of automotive, aerospace and hydraulics, each in terms of total revenue in 2018. The Group was also one of the few domestic suppliers offering one-stop solutions, including initial research and development, tooling design and manufacturing, casting, heat treatment, secondary machining and surface treatment. Impro Precision has established global footprint of 15 production facilities in China, Turkey, Germany, the Czech Republic and Mexico, which are supported by 9 sales offices in China, America, Luxembourg, Germany, Turkey and Hong Kong, as well as warehousing capacities in China, America, Luxembourg and Turkey. The Group has established long-term strategic cooperative relationships with a number of globally recognized industry leaders, selling its products to more than 30 countries and regions.