Contents 01 02 03
Sustainable corporate 021 Green and Circular Economy 041 High Standard Solutions 067
governance Products
Deepening corporate 023 Advancing the Carbon Peaking 043 Deliver optimal services 069
governance and Carbon Neutrality” strategy
Introduction 001 Promote technological Adhering to the Party’s 025 Practicing low-carbon 045 075innovation
leadership production
Chairman Statement 003 Develop new productive force Cultivating Integrity 028 Promoting circular economy 047 078through green transition
Construction
Strengthening environmental 054 Serve engineering projects with 081
Statement of the Board of 005 Implement risk prevention 035 management green concepts
Directors and control Feature: climate change risks 061
Compliance operation 037 and opportunities management
About us 007
Sustainable development 009
governance structure 04 05 ESG key performance 121indicators
Sustainable development 010
strategy All-rounded Talent 083 Responsible Industry 107 Future Outlook 131
Cultivation Collaboration
Sustainability awards 015 Appendix 133
Strengthening intrinsic 085 Promote win-win cooperation 109
safety
Sustainable development 017 Co-creating social value 115
issue analysis and materiality Safeguarding employees’ 095 Feedback 142rights and interests
assessment
Supporting employee 101
developmentIntroduction
Introduction
The report describes the performance of Beijing New Building Materials Public Limited Company (hereinafter Terms and definitions
“BNBM” “the Company” or “We”) in environmental social and governance (ESG) and social responsibility
fulfilment in 2024 to facilitate communication with stakeholders and respond to their demands. The Board of During the Reporting Period the following terms shall have the definitions stated below unless otherwise indicated:
Directors of BNBM is fully responsible for the Company’s sustainable development and the report has been
reviewed and approved by the Board of Directors.“China” The People’s Republic of China
Reporting periodUnless otherwise specified this report covers the period from 1 January 2024 to 31 December 2024 (hereinafter General Secretary Xi Jinping proposed that “China will scale up its“this year” or “the Reporting Period”). Intended Nationally Determined Contributions by adopting more vigorous
“30.60” policies and measures. We aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.” at the General Debate of theReporting scope 75th Session of the United Nations General Assembly i.e. “carbonpeaking and carbon neutrality”
The entity of this report is Beijing New Building Materials Public Limited Company. The report mainly covers ESG
performance related to the Company’s core business as well as related policies and management during the “CNBM” China National Building Material Group Co. Ltd.Reporting Period.“CNBM Company” China National Building Material Company Limited
Reporting cycle “Dragon Brand Company” BNBM Dragon Brand Company
The Environmental Social and Governance (ESG) Report of Beijing New Building Materials Public Limited Company “Taishan Gypsum” Taishan Gypsum Co. Ltd.is published on an annual basis.“Dream Brand New Materials” Dream Brand New Materials Co. Ltd.Preparation basis “BNBM Waterproof” BNBM Waterproof Co. Ltd.This report is prepared in accordance with the Shenzhen Stock Exchange Guidelines No. 17 for Self-discipline
Regulation of Listed Companies – Sustainability Report (Trial) 1 and the SASAC’s Study on ESG Special Report “BNBM Coating” BNBM Coating Co. Ltd.Compilation for Listed Companies Controlled by Central Enterprises. It also refers to the Self-Regulatory Guidelines
No. 17 for Companies Listed on Shenzhen Stock Exchange—Sustainability Report (For Trial Implementation) the “BNBM Carpoly” BNBM Carpoly Co. Ltd.Sustainability Reporting Standards (2022) released by the Global Reporting Initiative (GRI) the Guidance on Social
Responsibility by the International Organisation for Standardisation (ISO 26000: 2010 ) the National Standard “International Company” BNBM International Company.GB/T36000 Guidance on Social Responsibility and the United Nations’ Sustainable Development Goals (SDGs). The
results of the materiality assessment conducted in accordance with the reporting principles in the above guidance
and standards are also considered as the basis for information disclosure. This report is published in both Chinese
and English. In case of any inconsistency between the two versions the Chinese version shall prevail. Report access
The download links for the electronic version are listed below:
Information description
Shenzhen Stock Exchange: http://www.szse.cn
The historical information quoted in this report is final statistics. In case of any inconsistency between the financial
information and the annual report the annual report shall prevail. Unless otherwise specified the financial figures in Cninfo: www.cninfo.com.cn
this report are denominated in RMB. The official website of BNBM: https://www.bnbm.com.cn
1This year the Company actively responded to the latest ESG information disclosure requirements set forth by the Shenzhen Stock Exchange and is
committed to continuously improving the quality of its information disclosures in accordance with these standards.
001 002Chairman Statement
Chairman Statement
Pursuing innovation and green development we write a new chapter in sustainability.With the mission of "Green Technology Quality Life" BNBM actively cultivates new productive forces. The Company
established the BNBM Science and Technology Committee continuously developing green low-carbon products
and services that meet market demands. Through technological innovation and digital transformation we are
driving the building materials industry toward green and high-quality development. Upholding the philosophy of
Chairman of BNBM "Green Building Future" we actively identify climate opportunities and risks striving to provide society with more
climate-resilient building solutions. We are vigorously developing a circular economy creating a green industrial
chain across the entire lifecycle—from raw materials production and construction to application and recycling—
ensuring that green innovation benefits the entire value chain and achieves synergistic ecological and economic
benefits.Putting people first we build a new ecosystem of diversity and inclusion.Steadfast in our mission we set sail on a new journey with unwavering determination. BNBM adheres to the safety development philosophy of "People First Life First." Building on last year's successful
In 2024 BNBM continued to advance the implementation of its "One Body Two Wings and Global Layout" strategy. pilot project for first-level work safety standardization we are rapidly advancing the comprehensive construction of
Facing a complex and ever-changing market environment we remained resolute embraced challenges and first-level work safety standardization across the Company. We are vigorously promoting the full implementation of
pursued steady progress. Through strategic initiatives and collaborative efforts we achieved sustained growth in our intelligent safety systems leveraging technology to enhance intrinsic safety and fortify the Company's safety
three core businesses—gypsum board waterproof materials and coatings—ushering in a new era of "a solid one foundation. Committed to a talent-driven strategy we are improving our diversified talent development system and
body with two wings soaring" and propelling the Company's high-quality development to new heights. incentive mechanisms fostering a work environment that values diversity equality fairness and inclusivity. By high-quality co-building the "Belt and Road" initiative we aim to share China's stories and actively practice the
principles of extensive consultation joint contribution and shared benefits contributing to the building of a global
community with a shared future. The Company is also dedicated to public welfare focusing on rural revitalization
Strengthening foundations we chart a new blueprint for high-quality development. educational support and charitable donations fulfilling our corporate social responsibilities and sharing the fruits of
our development with society.BNBM has consistently refined its modern corporate governance and deepened reform efforts seizing opportunities
amidst industry transformations. We accelerated the transition from "commercial to residential urban to rural base Riding the wave to new heights boundless prospects lie ahead.materials to surface materials and products to services" speeding up our transformation into a consumer-oriented
building materials manufacturing and service provider. Guided by value-driven operations we are committed to In the new year BNBM will anchor itself to the goals of high-quality development keeping in mind the "nation's
making the Company stronger better and larger. In 2024 BNBM was included in the State-owned Assets priorities" and focusing on the "nation's essential materials." We will drive the development of new productive
Supervision and Administration Commission's (SASAC) "First Batch of Outstanding Achievements in Central forces through technological innovation empower the modern industrial system with green transformation and
Enterprises' Brand Leadership Initiative." The Company's brand value exceeded 118.5 billion yuan and its market deepen open cooperation with a global perspective. With courage and determination we will forge ahead striving
capitalization reached 51.209 billion yuan setting new records. to create a world-class demonstration enterprise with exceptional products a distinguished brand leading
innovation and modern governance.
003 004Statement of the Board of Directors
Statement of the
Board of Directors
The Board of Directors of BNBM actively embraces the concept of
sustainable development and continuously improves the ESG
management system to drive the Company’s sustainable growth. As the
highest decision-making authority for sustainable development the Board
of Directors is fully responsible for the Company's sustainable development
strategy and coordinates the ESG management efforts on this basis.The Strategy and ESG Committee of the Company is responsible for the
overall coordination supervision and management of the Company’s ESG
strategies policies and objectives as well as the identification of related
risks and opportunities. The Committee also regularly reports to the Board
of Directors on major ESG matters and ensures that the Board of Directors
is well-informed of the work progress on important ESG matters. The Board
of Directors regularly listens to and reviews reports from the Strategy and
ESG Committee on the ESG work progress and provides guidance on the
ESG policies. Relevant management of the Company is responsible for the
implementation of the ESG strategies and objectives and regularly reports
to the Strategy and ESG Committee on major ESG matters. The Company
organises relevant institutions to provide special training for the Board of
Directors from time to time to help the Board of Directors to understand
the latest ESG trends and outstanding ESG practices. Placing great
emphasis on the communication with stakeholders on ESG matters BNBM
identifies evaluates and manages important ESG matters in a proactivemanner. Please refer to the Chapter “Sustainable developmentgovernance structure” and “Sustainable development issue analysis andmateriality assessment”in this report for details of the governance
structure and assessment results.ESG risk management is now an integral part of the Company's daily risk
management system. Under the guidance of the Strategy and ESG
Committee all functional departments segment companies and their
branches and subsidiaries identify and prevent significant ESG risks in their
daily operations and production. The Strategy and ESG Committee reviews
the identification of and response to the relevant risks and makes regular
reports on risk management to the Board of Directors.This year the Company has refined the sustainable development strategy.By implementing effective strategies the Company aims to maintain a
balance between its impact on the environment and society and the
achievement of its business objectives and to promote sustainable
development.This report discloses the above environmental social and governance
related matters in detail which has been reviewed and approved by the
Board of Directors on March 21 2025.
005 006About us
About us
Company profile Corporate culture
Beijing New Building Materials Public Limited Company (BNBM) is the new green building materials platform of the
China National Building Materials Group which is one of the Fortune Global 500 enterprises. The Company was
established in 1979 under the care of Comrade Deng Xiaoping and listed in Shenzhen Stock Exchange (000786.SZ) in
1997. The Company has total assets of over RMB 30 billion with annual sales revenue of more than RMB 22.4 billion
and nearly 16 thousand employees. The Company has 119 industrial bases at home and abroad with gypsum board
waterproof material and coatings as the three core businesses. The production capacity of gypsum board exceeds
3.5 billion square metres which is the world's largest gypsum board and steel stud industrial group. The waterproof
material business scale ranks among the top three in the industry. In the coatings business China Time-Honored
Brand “Beacon” served national development. The Company has won the Outstanding Contribution Award to the
Global Gypsum Industry twice and the Global Gypsum Company of the Year three times and was awarded the
“First Prize of National Enterprise Management Modernisation Innovation Achievement” “Manufacturing SingleChampion Demonstration Enterprise” “China Green-Benefit Enterprise Best Model Award” “National May 1Labour Award” and other honours as a national innovative enterprise. In 2016 the Company was awarded the
China Grand Awards for Industry. In 2022 the Company was awarded the National Quality Award which was
recognized three years later.Adhering to the principles of "mission-led and innovation-driven” values BNBM fully exploits the dual role of
technological innovation and brand building and occupies the commanding heights of technology brand
standards quality channels and resources. BNBM has national enterprise technology centre academician expert
workstation post-doctoral research station and owns 7214 approved patents by the end of 2024. The Company has
successfully created the world famous independent brands in the gypsum board industry - Dragon Brand and
Taishan and has a number of well-known brands such as "Yuwang" "Shuyang" "Dream Brand" "Lighthouse" and
"Carpoly". The products are widely used in the Great Hall of the People Olympic Games World Expo venues and
other major national projects landmark buildings and modern household supplies. In 2024 the brand value reached
new heights at RMB 118.596 billion ranking 70th among China's 500 most valuable brands and again ranking among
the top three building materials brands in Asia.Committed to “Green Technology Quality Life” BNBM promotes the building city and residential environment to
be greening. BNBM also advocates circular economy energy saving and prefabricated buildings and creates a green
building industry chain throughout the life cycle from raw materials production products construction application
and recycling. BNBM implements the development strategy of “One Body Two Wings and Global Layout”
strengthens expands and optimises gypsum boards and gypsum boards + and accelerates the development of
waterproof material and coatings. Focusing on the four major regions of Southeast Asia Central Asia the Middle
East Europe and the Mediterranean Rim the Company conducts regional operations and a global layout. The
Company also speeds up the transformation into a comprehensive manufacturer of consumer building materialsand service provider encouraging four transformations from “commercial to residential urban to rural basematerials to surface materials and products to services”. The Company is striving to build a world-class
demonstration enterprise featuring excellent products outstanding brand leading innovation and modern
governance.
007 008Sustainable development governance structure Sustainable development strategy
Sustainable development Sustainable development strategy
governance structure
BNBM integrates the ESG concept into the Company's business development and daily operations. To strengthen
the Company's overall management of sustainable development we released the BNBM sustainable development
strategy framework and five strategic segments in 2023. In 2024 with the strategic vision of sustainable
BNBM deeply understands and actively fulfils its social responsibility to achieve harmonious progress and common development as our blueprint for action we implemented a number of sustainable development initiatives and
development with all segments of society. To better implement the sustainable development strategy the Company achieved good results. Meanwhile we have tracked and monitored the key indicators and targets of the five
has upgraded the functions of the Strategy and ESG Committee and the ESG Working Group this year. They strictly strategic segments. Through regular evaluation and adjustment we ensure that the relevant indicators are
abide by the Working Rules of the Strategy and ESG Committee of the Board of Directors and conscientiously consistent with our objectives and overall plan providing a strong guarantee that the Company is fully
implement the decision-making processes and rules of procedure for ESG matters to ensure all work is carried out in implementing the sustainability concept.a standardised and orderly manner. The Company has organised directors to attend ESG related training covering
corporate governance ESG development trends and analysis of ESG disclosure with a total of 23 participants
during the Reporting Period providing more specific guidance for the Company's sustainable development
management. Sustainable development strategic framework
The Board of Directors as the highest decision-making authority for ESG work is
responsible for the Company's ESG strategy and reporting. It regularly listens to
and reviews reports from the Strategy and ESG Committee on the ESG work
The Board of
Directors progress and provides guidance on the ESG policies.The Strategy and ESG Committee under the Board of Directors is mainly
responsible for conducting research on the Company’s long-term development
strategy and ESG-related matters and making recommendations. The main
responsibilities include:
Conduct research on the Company’s Conduct research on the Company’s
overall ESG management objectives ESG (including climate change) related
management strategy and management risks and opportunities and make
Strategy and ESG policies and make recommendations. recommendations;
Committee
Conduct research on the Company’s Conduct research on other significant
significant ESG matters that are subject matters affecting the sustainable
to the approval of the Board of Directors development of the Company and make
and make recommendations; recommendations.The ESG Working Group is responsible for the preparation for the Strategy and
ESG Committee in making decisions on ESG matters. The work mainly includes
collecting issues reports and other relevant information on significant ESG
matters reported by relevant departments of the Company or the holding
ESG Working Group (shareholding) companies and reviewing the information and issuing written
opinions before submitting formal proposals to the Strategy and ESG Committee. BNBM sustainable development strategic framework
009 010Sustainable development strategy
Five strategic pillars
Responsible cooperations
The Company builds long-term and stable cooperative
relationships with suppliers distributors and other
partners based on the principles of honest
Sustainable governance cooperation and mutual benefit and promotes the concept of sustainable development through business
exchanges technical exchanges and friendly
Accelerate the integration of the concept of cooperation. The Company also maintains win-win
sustainable development into the Company's harmony with the communities in which it operates to
management system take root in the promote the harmonious development of the value
operational concepts of efficient governance chain.integrity and self-discipline and honesty. Also
continuously convey the Company's
sustainable development policy to all
employees enhance the awareness of
sustainable development among all employees
and promote the steady growth of the Company. All-rounded talent cultivation
The Company establishes a sound mechanism to
protect the rights and interests of employees and
health and safety continuously improves the
ability to cultivate talents and wholeheartedly
Green and circular economy products builds a working environment that meets the
High standard solutions development needs of employees attracting
retaining and cultivating talents at all levels and
With innovation as the core the Company promotes the "double-cycle" circular economy model of product promoting the common progress of employees and
circulation and production circulation and continuously enhances the capacity of industrial by-product Taking the opportunity of low-carbon and more the Company for the sustainable development of
consumption through technology improvement and management optimization. We will increase the usage diversified product demand the Company insists on the industry to transport the backbone.of clean energy and promote energy saving and emission reductions in production with technology perfecting the quality system construction
upgrading as a key factor accomplishing the gradient utilization of resources. comprehensively laying out the efficient service
network and creating first-class quality products and
services. The Company continues to promote
industrial innovation and research and development
accelerate the key research and development
strength and core scientific research application
transformation efficiency to provide customers with
healthier and safer more low-carbon and
environmentally friendly building solutions.
011 012Sustainable development strategy
Sustainable development management progress and key performance
Sustainable
Development UNSDGs Core Initiatives Key Performances and Highlights of Sustainable Development in 2024
Strategy Section
Continuously improve the modern enterprise system with Chinese characteristics * 1/3 of the Board are women and 100% of the main supervisors are women;
to promote the high-quality development of the Company; attach importance to
Sustainable * Published the Code of Business Ethics and Anti-Corruption Policy Statement for all employees and partners;the gender diversity of the Board of Directors and the Board of Supervisors;
corporate constantly strengthen the building of Party conduct and enhance the sense of * A total of 66013 participants attended anti-corruption training with 100% coverage of the Board and employees;
governance integrity and self-discipline of employees and partners; firmly promote the * Organised compliance training for domestic and overseas enterprises at all levels both domestically and internationally
application of the "1+N" internal control system cultivate a sound compliance with a total of 12600 participants.culture and ensure the Company’s continuous development.Implement the development concept of "Greenway Builds a Better Future" * Carbon emissions per RMB 10000 of gross industrial output value decreased by 12.50% year-on-year;
steadily promote the Company's Carbon Peaking Action Plan vigorously promote * Comprehensive energy consumption of RMB 10000 of output value decreased by 12.30% year-on-year;
the usage of clean energy and optimise energy use efficiency; continuously * The annual use of clean energy (biomass fuel photovoltaic power generation wind power steam etc.) accounted for
enhance the consumption capacity of industrial by-product gypsum of other 14.39%;
Green and industries strengthen energy saving and emission reduction of products * 15.24 million tonnes of gypsum as a by-product of other industries were consumed throughout the year increased by
circular economy throughout their life cycle promote the circular economy and improve the 2.90% year-on-year;
products performance of products in terms of environmental protection; continuously * 161 products of the Company acquired China Green Product Certification; 85 products acquired China Environmental strengthen environmental protection in production and operation accelerate the Labelling Product Certification;
realisation of "near-zero emission" at each production base and promote green * Emission intensity of sulfur dioxide nitrogen oxides and industrial particulate decreased by 29.88% 16.57% and 32.01%
production. year-on-year respectively exceeding the set targets;
* A total of 33 enterprises have obtained the title of national "Green Factory" and 39 enterprises have acquired provincial
"Green Factory".With technology-led development standard operation brand building excellence * 1 QC teams won the second prize in the * Annual R&D investment reached RMB 1.058 billion with an R&D
in quality and superior services as the core speed up the transformation into a Central Enterprise QC Group Achievement investment intensity of 4.10%;
comprehensive manufacturer of consumer building materials and service provider Presentation Competition; * A total of 5253 valid patents have been accumulated with 6 newly
High standard pursue high-quality products and services; build an open innovation system based * 99 enterprises achieved ISO9001 Quality granted international patents;
solutions on internal and external collaboration speed up the construction of the source of Management System Certification; * 15 companies obtained the certification of the integration
original technology deepen digital development and application accelerate key * The satisfaction of the Company's management system of market-oriented and lean management; BNBM
scientific research and achievement transformation and application and promote distributors at all levels reached 9.23 Carpoly was rated at the AAA level in the assessment of the integration
technological progress in the industry. maintaining above 9 for 5 consecutive years; management system of market-oriented and lean management.Adhering to the safety culture of "Stressing safety for every staff and every affair" * The annual investment in safety production was RMB * 99 enterprises obtained the ISO45001 system
continuously improve the health and safety management system orderly promote 59.66 million; certification;
the construction of safety standard strengthen safety risk rectification efficiency * 93 enterprises across all levels have achieved safety * Released BNBM 2024 Restricted Stock Incentive Plan
All-rounded effectively ensure the health and safety of employees; build a sound system to production standardization; (Draft);
talent cultivation safeguard the rights and interests of employees provide employees with a well- * Completed the first domestic safety standard * Employee satisfaction has increased for 7 consecutive
established career development path and a diversified training system create a exclusively for the gypsum board industry - the years.diversified training system and career development paths to strengthen our talent Specification for Production Safety of Gypsum Board;
pool; implement the equity incentive policy and grow together with employees.Integrate the concept of sustainable development into the management of
cooperation with suppliers and distributors and jointly create a friendly business
Responsible environment; fully leverage international and domestic market resources build a * Published the Sustainable Supply Chain Management Policy
2 and Supplier Code of Conduct 3 ;
industry complete business network steadily develop overseas business maintain friendly * The construction of 40 million square meters of paper-faced gypsum board project in Thailand and the preparation of 40 cooperative relationships with the places of operation and support the million square meters of paper-faced gypsum board project in Bosnia and Herzegovina were successfully carried out;
collaborations development of the local economy; actively promote rural revitalisation work * A total of RMB 5.57 million was donated and spent on rural revitalisation public welfare and charity activities.green building materials in rural area and the harmonious development of the
society.
2 Sustainable Supply Chain Management Policy: https://www.bnbm.com.cn/esgdt.html
3 Supplier Code of Conduct: https://www.bnbm.com.cn/esgdt.html
013 014Sustainability awards
Sustainability awardsSelected into the “ESG China Won the “Outstanding Won the Evergreen Award for Won the title of “China’sExcellent Practice Cases” by the Practice Cases of Sustainable Development Top 10 Influential Brands inChina Enterprise Reform and Sustainable Development” Green Excellence Case the Green Ecology Category”
Development Research by China Association for
Association. Public CompaniesAchieved an A in Sino-Securities Achieved an A in Wind rating Listed in Wind's Top 100 ESG Awarded the “Top TenESG rating and the industry's highest ESG Best Practices for Listed Practice Cases of Enterpriseoverall score Companies in China 2024 Integrity Construction” by the
China Enterprise Confederation
015 016Sustainable development issue analysis and materiality assessment
Sustainable development issue Stakeholders Communication channels
analysis and materiality assessment * Enterprise platform
* Suggestion boxes and labour union
* Team-building activities
Stakeholders communication * Employee satisfaction surveys
Employees * Employee conferences/seminars
Deeply aware of the importance of stakeholder engagement BNBM has established diversified communication * Employee performance review interviews
channels to fully respond to their expectations and demands thereby assisting the Company in prioritising its
sustainable development efforts and identifying the key directions for future sustainable development.* Telephone/Email
* Conferences and talks
Stakeholders Communication channels * Customer service hotline
* Customer satisfaction survey
* Shareholders’ meeting Customers * Social media
* Press release/Announcement
* Annual/Interim performance conference * Work inspection and supervision
* Analyst meetings * Supplier/Contractor conferences
* Roadshow * Telephone/Email
Key shareholders
* Conferences and talks * Conferences and talks
* Company promotion day Partners * Supplier assessment
* Investor conferences
* Press release/Announcement
* Annual/Interim performance conference
* Charity activities
* Roadshow
Potential investors and financial institutions * Community communication and visits
* Company promotion day
Communities and the public
* Telephone/Email
* Conferences and talks
* Industry communication conference
* Cooperation between local government and
business projects * Industry promotion activities
Government and regulatory authorities * Regular reporting Industry Associations
017 018Sustainable development issue analysis and materiality assessment
Sustainable development issue analysis
BNBM identifies and analyses the materiality of sustainable development issues each year based on the business
characteristics and the expectations of internal and external stakeholders. This year through online questionnaire Environmental issues
survey and expert consultation we formed a final materiality matrix by “Impacts on the Company” and “Impacton external stakeholders”. Through the analysis we have identified key issues including compliance occupational
health and safety integrity and ethics corporate governance quality control resource/energy management and
customer service. 1 2 3
The Company’s Board of Directors and management team reviewed and approved the analysis of the material
issues and provided recommendations for sustainable development based on the business conditions. Waste management Resource/energy management Response to climate change
High
Social issues
12
13
456
2
4
Occupational health and safety Employee' s rights and interests Talent training and development
91114
10
789
8
3 Talent attraction Quality control Innovative development
1011
65
7 Sustainable supply chain Customer service
Governance and compliance issues
121314
Low Impacts on the Company High
Compliance Integrity and Ethics Corporate Governance
BNBM Materiality Assessment Matrix
019020
Impact on external stakehol ders01
Sustainable corporate
governance
BNBM continues to promote the modernization of corporate
governance attaches great importance to business ethics strictly
abides by anti-bribery anti-money laundering The Company has
strengthened the ideological defense trained a culture of integrity
and implemented a number of risk prevention and control
measures laying a solid foundation for the Company’s
compliance governance and integrity operation. The Company is
committed to building a sound cooperation mechanism with
suppliers partners customers and other stakeholders to create a
clean and positive business environment.Deepening corporate governance 023
Adhering to the Party’s leadership 025
Cultivating Integrity Construction 028
Implement risk prevention and control 035
Compliance operation 037Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operation
Deepening corporate governanceBNBM faithfully implements the national strategic policy of “accelerating the high-end intelligent and greendevelopment of the building materials industry”. The Company continuously strengthens the corporate
governance structure improves the compliance management system and maintains the high-quality operation
level of the Company striving to achieving remarkable results in promoting a high-quality development. Shareholders’ The Company held 1 general shareholders’ meeting and considered and approved
meetings 13 resolutions
Consolidating the governance system
BNBM strictly complies with the Company Law of the People’s Republic of China the Code of Corporate
Governance for Listed Companies and other national laws regulations and specifications regulations and regulatory
documents. This year the Company has formulated and published the Board Diversity Policy Statement 4. The Board of
Group continued to standardize the governance mechanism of "three boards and one layer" deepened the Directors 9 directors including 3 women held 8 board meetings and approved 48
management of "three boards" and consolidated the standardized operation mechanism with clear responsibilities resolutions.and scientific and efficient functions. BNBM maintained the firm foundation for sustainable and high-quality
development and promoted the smooth realization of strategic goals.Shareholders' meeting
The Board of 3 supervisors including 3 women held 6 meetings of the Supervisory Committee and
Supervisors
deliberated and approved 27 resolutions.The Board of Directors The Board of Supervisors
Audit Remuneration The Strategy Nomination The
Committee and Appraisal and ESG Committee management There are 8 key senior managers including 2 female.Committee Committee
The management
Please refer to the Company’s Articles of Association5 for more information on the construction of corporate
governance structure."Three boards and one layer" governance structure of BNBM
4 Board Diversity Policy Statement: https://www.bnbm.com.cn/esgdt.html 5 Articles of Association of the Company: https://www.szse.cn/disclosure/listed/bulletinDetail/index.html8862d4c0-f49a-4984-
b8d0-fa71cb34372f
023 024Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operation
Adhering to the Party’s
leadership
Party building leads brand building
The Company deeply implemented the leadership of the Party focuses on the theme of high-quality developmentfor a long time unites and leads all Party members cadres and workers to overcome difficulties forge ahead and Adhering to the leadership of party building the Company actively carried out the corporate mission of “Greenwork hard and promotes the enterprise to move forward steadily on the road of high-quality development with the Technology Quality Life” and told the Company’s story well. In 2024 the Company focused on the 4 aspects of
high standard of Party building work. service integration innovation and close-to-people and made efforts to build 6 self-owned platforms and
innovatively promoted the Company’s brand to become a social brand transition to consumption type. The totalnumber of fans of the Company’s platform was over 510000 and 24 columns such as “New Stories of GoldenParty building leads high-quality development Flower Blooming” “Dialogues with Ghina-Chic Product Distributors” “Column on the Progress of Party Discipline Study and Education” were opened with the total number of views exceeding 8.85 million times.BNBM regards high-quality development as its top priority practices ‘Party building and operation’ continues to
deepen the ‘seven grasps’ project creates ‘1+2+N’ Party building brand system and vigorously carries out
‘Party building +’ activities effectively transform the advantages of party building into business development
advantages and constantly improve the core competitiveness of enterprises with high-quality party building to leadhigh-quality development. The Company is committed to promoting the implementation of the strategy of “OneBody Two Wings and Global Layout” with the unremitting pursuit of making good products and satisfying thepeople’s desire for a better life. In 2024 the Company was awarded the honorary title of “Advanced Collective ofCentral Enterprises”. The case of “Dragon Brand Rise” integration of party building and operation was included This year the Company held a variety of themed events to continuously expand the brand influence. Seizing the
in the SASAC’s “Joint School Course for Central Enterprise Party Members” and “Mount Tai Climb” was opportunity of “Dragon Brand” publicity in the Year of Dragon we launched themed activities such as “Doubleawarded the top 10 brands of CNBM. Dragon Club at Drum Tower” “Strong Middle Axis Line” and “Imprint Beijing Middle Axis Line” to promote
traditional culture while promoting the national goods. We also worked with our partners to build the “12 Years”
public welfare design exhibition--Oriental Aesthetics to present the entire brand and product range of the Company
and promote Chinese culture and brand to become a world trend with the power of modern design and the charm of
national goods. In addition we have established the headquarters of Yuyan Workshop to build a culture
communication brand display an immersive interactive space for product sales and service leisure.
025 026Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operation
Party building leads to win-win cooperation Cultivating Integrity Construction
The Company earnestly implemented the general requirements for party building in the new era and further
promoted the integrated development of party building and operation. This year the Company signed a strategic
cooperation agreement with its partners and carried out the activities of grassroots party organisations joint study The Company continued to strengthen the construction of integrity culture in the new era consistently implements
and construction. The activities strengthened the exchange and interaction between BNBM and upstream and the spirit of the eight provisions of the Central Committee and the implementation of the rules thoroughly
downstream enterprises in party building work and jointly explored the integration and development path of implements the responsibility system for the construction of honest and clean party politics grasps the
‘party building + business’ deepened mutual learning and mutual appreciation among enterprise party branches fundamental project of ‘not daring to corrupt not being able to corrupt and not wanting to corrupt’ deeply
and formed a positive interaction led by party building and seeking common development. We will continue to cultivates the culture of cleanliness and constantly improves the awareness of staff's cleanliness and self-discipline
increase interconnection and interaction with our partners turn the advantages of mutual promotion and and their ability to resist and prevent corruption and change. The Company has also improved its ability to resist and
advancement of party building into development advantages give full play to their respective advantages achieve prevent corruption and change.resource sharing mutual benefit and win-win situation and promote common high-quality development with
practical actions.Deepen the construction of integrity system
The Company strictly abides by laws and regulations related to anti-corruption and anti-corruption and party rules
and regulations. The Group formulated and improved a series of internal policies and systems such as the BNBM
Responsibility System for Party Conduct and Integrity Construction and the BNBM Rules on Implementing the
Commitment System for Integrity of Leading Personnel to continuously promote anti-corruption and integrity. In
2024 the Company formulated and improved eight systems including the Opinions of the BNBM Party Committee
on Improving the Comprehensive and Strict Party System (Provisional) and the BNBM Measures for the
Administration of Gift Funds. The Group promoted the 6 consistency and coordination of the “big supervision”
system.The Company insists on integrating the building of party style and clean government into the central work7 . The
Discipline Inspection Commission carries out assistance and supervision functions as one.This year
the Company signed the Letter of Responsibility for the Building of Party Style and Integrity with
member enterprises across all levels and linked the results of the assessment on the responsibility
system for building party style and integrity with the8 performance of the Party Organization Secretary
and the “two members” of the discipline inspection team further stimulating the vitality of the
Party building leads cultural construction supervision over integrity.To deepen the study and implementation of Xi Jinping Thought on Socialism with Chinese Characteristics for a New
Era and fully implement the spirit of the 20th CPC National Congress the Company organizes all party members to
6
actively carry out various party building activities continued to increase the vitality of grassroots party organisations "Big supervision " refers to the profound integration of party supervision and enterprise management supervision. The Group studied
and effectively promoted the deep integration of party building and production and operation. BNBM vigorously the problem rectification approach and formed a horizontal and horizontal joint and interactive comprehensive supervision system for vertical supervision chain and supervision departments classified by business.inherits the unique red cultural genes of state-owned enterprises builds a modern enterprise culture system
internalises the Party's propositions into the spiritual pursuits of enterprise workers and externalises them into 7 "Double responsibilities " refers to the dual responsibilities of integrity building and operation management in a single position.conscious actions and gathers wisdom and strength for the Company to overcome difficulties and transform and 8 "Discipline Inspection" refers to the discipline inspection committee and the discipline inspectors and is the frontline supervisory
develop. force of the grass-roots branches and enterprises.
027 028Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operation
The Group strengthened the protection against corruption
Adhering to building a clean and honest operating environment the Company has established a top-
down three-level supervision system which includes special supervision functional supervision and
first-line supervision by the Disciplinary Committee. Continuously strengthen risk identification
monitoring and prevention capabilities.* Leading Group Meeting on Party Conduct and Integrity * Signing the letter of responsibility for building party style
Building and Anti-Corruption Work and integrity and the letter of commitment for integrity and Dedicated supervision Functional Frontline
self-discipline by Disciplinary supervision supervision
Inspection
In 2024 the Company formulated and publicly released the Code of Business Ethics and Conduct 9 and the Anti- Commission
Corruption Policy Statement for all employees 10 covering corruption bribery discrimination information
confidentiality conflicts of interest antitrust/anti-competitive behavior money laundering and/or insider dealing
environmental health and safety. The Company’s Anti-Corruption Policy also applies to stakeholders who have
business dealings with the Group. It is also known that bribery is disguised as donations and sponsorship and
bribery is carried out through political donations. Based on the relevant rules and Each functional department Disciplinary Inspection
regulations seriously investigating performs functional supervision Commission members and
and dealing with violations of laws earnestly implements the inspectors as supervisory forcing
regulations and rules . supervision work establishes at the grass-roots level and
Strengthening the supervision of functional supervision accounts enterprises regularly carry out
key positions such as procurement and continuously improves the extensive publicity and training on
and bidding asset management integrated supervision and integrity to all-level employees
as well as the supervision of management closed-loop system expand information collection
important nodes key projects the to achieve seamless vertical and channels carry out regular heart-
implementation of major decisions horizontal alignment within the to-heart talks and promptly report
and deployments etc. supervision system thereby to the company's management in
Implementing re-supervision of reinforcing supervisory a timely manner after discovering
functional supervision to ensure responsibilities integrating the problems.the specificity of training efforts for supervisory forces and enhancing
integrity the consistency of the overall effectiveness of
management and the supervision.effectiveness of supervision.The three-tier supervision system of BNBM includes:
The Company includes the Code of Business Ethics and Conduct in the scope of employee performance assessment
and links employees’ compliance with the Code to their remuneration. If any employee directly or indirectly
breaches the requirements of the code they will face disciplinary actions such as warnings demerits demotions
dismissals termination of personnel or labor relations depending on the severity of the violation. In addition the
Company reduced the remuneration of those in violation of the law in accordance with the Detailed Rules for the
9 Code of Business Ethics: https://www.bnbm.com.cn/esgdt.html Implementation of the Deduction of Remuneration of Heads of Group Companies Subject to Party and Government
10 Anti-Corruption Policy Statement: https://www.bnbm.com.cn/esgdt.html Discipline ensuring strict implementation of the standards.
029 030Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operation
Clear reporting channels To deepen integrity awareness in 2024
The Company has established a smooth reporting channel for business ethics or suspected violations of the Code of
Business Ethics the Company carried out 14 special warnings in procurement and marketing and held seminars with (e.g. corruption fraud etc.). After receiving the report the Company will set up an investigation
team to investigate the problem leads and issue an investigation report based on the investigation results to ensure suppliers on integrity. We also signed an "Integrity Commitment" with all suppliers conducted a
that the reported problem is effectively dealt with. questionnaire survey on integrity and improved the awareness of integrity and self-discipline among
The Company strives to protect the safety of whistle-blowers and their content and strictly implements the Rules for suppliers achieving 100% coverage of anti-corruption management.Handling Whistle-blowing Complaints by Discipline Inspection and Supervision Authorities. It is prohibited to attack
whistle-blowers and witnesses in any form to strictly observe the whistle-blowers’ privacy and protect their
legitimate rights and interests.Deepen awareness promotion
Integrity risk prevention and control
The Company continued to deepen anti-corruption publicity and implemented the construction of a culture of
integrity. In 2024 we established the “146” integrity culture system 11 nurturing a foundation of integrity and
The Company continues to carry out integrity risk prevention and control organizes segment companies clean governance comprehensively enhancing all employees' awareness of resisting corruption and preventing
to conduct integrity risk screening each year and timely revises the Manual for Prevention and Control of degeneration.Integrity Risks conducts 1 integrity risk metrics monitoring each quarter. In 2024 the Company issued 5
disciplinary inspection proposals and 5 rectification notices and revisited the implementation of the
rectification work. The Company conducted closed-loop management of rectification and achieved Build an integrity “firewall” Establishing the "Guiding Beacon" for
100% completion rate of rectification measures. At the same time the Company carries out business We strengthen ideological guidance. integrity
ethics audits of its subsidiaries in accordance with the BNBM Implementation Rules for Economic Through theoretical study organized Through disciplinary Party lectures
Responsibility Audits on the ‘implementation of responsibilities for the construction of a clean and visits to warning education bases and knowledge quizzes on "Learning
honest Party and compliance with the provisions on clean practices in economic activities’ as well as themed Party Day activities we guide Regulations Upholding Party Discipline
economic responsibility audits of its 57 subsidiaries and ensures that the relevant audits cover all Party members and officials to cultivate a Setting an Example and Promoting
operating sites at least once every three years. sense of reverence maintain vigilance Development" Integrity Forums and "I and adhere to moral boundaries thereby Tell Integrity Stories" activities we
In 2024 the Company had no corruption bribery conflicts of interest negative events of money solidifying the ideological foundation of strengthen training and learning and
laundering or insider dealing. integrity and clean governance; actively foster a positive culture of integrity
and clean governance.Supplier anti-corruption managementDriving "New Achievements“ Activating the "Integrity Momentum“We focus on "Cultivating the Market for We enrich activity formats by promotingAdhering to the principle of “cooperation with integrity equality and Greater Revenue" "Enhancing Value outstanding integrity-themed worksmutual benefit and common development” the Company works with Through Precise Management" and issuing family integrity initiatives and
suppliers to create a clean and positive business environment. This year "Preventing Risks Through Accurate collaborating with strategic partners to
we formulated and issued the Supplier Code of Conduct which requires all Internal Controls." Continuously reinforce create a "Clean and Transparent"
suppliers to strictly fulfil their commitments in anti-corruption anti-unfair self-discipline and integrity to propel the cooperative atmosphere thereby
competition and anti-conflict of interest. To prevent corrupt practices the Company’s high-quality development. advancing the Company’s integrity
Company regularly reviews the procurement process of suppliers and culture.checks the corruption of suppliers through public information channels to
ensure that the supplier’s behaviour complies with the requirements of
the Supplier Code of Conduct. If we find that there is corruption or other * In 2024 we held a seminar with
violations of the supplier we will blacklist the supplier in accordance with suppliers on integrity and signed a
relevant policies and terminate the cooperation immediately. 11 letter of commitment to integrity The “146” integrity culture system refers to the integrity culture system which consists of one goal four core concepts and six implementation paths.
031 032Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operationThe Company carries out activities to build party style integrity and anti-corruption for the Board of Directors and all This year the Company’s project of “Deepening Integrity Culture Construction and Promoting High-qualityemployees and continuously strengthens the awareness of the Board of Directors and employees at all levels in Development of State-owned Enterprises” was awarded the Third Prize for Excellent Achievements in the Reform
anti-corruption and compliance with the Code of Business Ethics and Conduct. In the current year the Company's and Development of Chinese Enterprises in 2024.anti-corruption and business ethics training covered all employees interns suppliers and contractors.Performance of key integrity risk management in 2024
For new joiners Guide new joiners to build a sense of integrity in practice teach the "first lesson" of integrity practice and grasp the "first button" of integrity practice.BNBM signed the Letter of Responsibility for the Building of Party Style and Integrity
Reinforce with member enterprises across all levels and the Letter of Commitment for Integrity
accountability
For responsible We urge responsible persons of enterprises to carry out their duties of "one post and Self-discipline with 88 leading cadres.persons of and two responsibilities" strictly manage the party's responsibility of managing
enterprises the party and lay a good foundation for the building of party style and integrity.Through the “Monthly Talk” campaign of building Party integrity we have 37 personnel participated in cadre inspection 55 personnel participated in post
For cadres and conducted discipline and law classes and warning education covering middle-
employees in key level cadres and employees in key positions at all levels and sub-enterprises. competition and democratic recommendation supervision and issued 87 clean
positions Employees in key positions such as sales carry out integrity warning education Deepen daily and self-discipline replies. Secretary of the Discipline Inspection Commission
to remind employees to strictly abide by the bottom line of discipline. supervision
conducted 40 clean-up talks before his appointment 56 heart-to-heart talks
with team members and 90 talks with the functional departments of the
Organise the Integrity Culture Month around the “Granular Return” and “146”
integrity culture systems. More than 110 learning and educational materials headquarters and the "top leaders" of affiliated enterprises.For all employees were regularly pushed and 4 full-level warning education meetings were
organized. BNBM supervised and inspected the work mechanism after the
festival and carried out the education and training on integrity. The Company carried out special rectification work on "turning public into private"
Prevention and investigated 6864 leading cadres and key positions at all levels and above.and control of
integrity risks The segment companies organized 294 inspections targeting their affiliated
enterprises focusing on key areas such as official vehicle management business
receptions and use of trade union funds. No violations were noted.More than 110 learning and educational materials were regularly pushed 4 full-
Promoting
integrity level warning education meetings were organized 14 special reminders were
education issued in procurement and marketing. The anti-corruption training covers
100% of employees.
* Party discipline study and education Special Party course * 2024 Awareness and development meeting of the month
of corruption and culture
033 034Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operation
Implement risk prevention and
control
The Company carries out risk identification and assessment at the beginning of each year taking into account the
characteristics of the industry in which it operates and the actual situation of its operations in-depth analyses of the
changes in macro policies market environment and international operations that the Company may face and
The Company fully implements the national policies and policies and integrates risk management into the top-level systematically identifies various types of sources of risk and potential risk events including those in the areas of
design. The Group formulated internal policies such as the BNBM Comprehensive Risk Management System and finance market operations and compliance. We quantitatively rate each risk in terms of its likelihood of occurrence
established the internal control system and supervision system as the leader. The internal control system of “1+N” degree of impact and potential consequences to determine the annual significant risks and form a comprehensive
supported by various specific operating standards continuously improves risk prevention and control. risk management report for management's consideration. After the management's consideration and approval we
The Company has established a comprehensive risk management system with the Board of Directors as the highest will formulate risk response measures and plans based on the results of the risk assessment establish a significant
management decision-making body for risk management a comprehensive risk management leading group headed risk prevention and control responsibility account and dynamically monitor changes in the risk situation in our daily
by the Chairman of the Board of Directors with the joint participation of the operating and management teams and production and operation management. At the same time we carry out quarterly monitoring to analyse risk
a three-tier risk prevention and control system consisting of business units the functional departments involved and exposures and annual significant risk trends formulate corresponding preventive and control measures based on
the audit department for the comprehensive implementation of risk management. quarterly risk characteristics and effectively implement risk prevention and control initiatives to ensure
controllable risks and promote the sustainable development of the Company.In 2024 the Company steadily promoted the supervision of internal control system regularly conducted internal
audit on the effectiveness of internal control and risk management process and issued self-evaluation report on
BNBM's three- internal control. We will sort out the deficiencies and deficiencies identified during the audit and urge rectification in
tier risk a timely manner. In addition we cooperate with professional external institutions to focus on medium and high
prevention risks and corporate strategies and conduct external audits on the effectiveness of risk management processes.and control
system During the year
The Company conducted 228 internal control audits covering all companies at all levels both domestic
and overseas.First-tier control
Business units are responsible for implementing risk management solutions in daily operations and regularly
reporting on the results of risk response measures.Second-tier control
Relevant functional departments conduct risk assessments for various business management and critical
business processes and formulate risk management solutions.Third-tier control
The Audit Department of the Company’ s headquarters organizes annual risk identification risk level
assessments development of risk response measures and contingency plans and supervises the risk
management activities of each unit.
035 036Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operation
Compliance operation
BNBM regards lawful and compliant operation as an important cornerstone for the Company's sustainable
development. We strictly abide by the laws and regulations of the country and overseas operation sites formulate
internal systems such as the Measures for Compliance Management continue to improve the operation mechanism
of compliance management implement the responsibility of compliance management cultivate a good compliance
culture embed compliance requirements in all areas and links of operation and management and provide solid
guarantee for the Company's high-quality development. During the year the Company signed 4131 compliance
undertakings with all employees in management positions and key positions continuously enhancing employees'
awareness of compliance operation and management in accordance with the law and continuously improving the
Company's compliance systematic management level.Compliance Management System
Deepen compliance risk prevention and control
Improve the compliance management mechanism
The Company continued to strengthen compliance management and legal supervision and
The Company fully implements the "primary person responsible" mechanism for the carried out compliance risk investigation in an all-round manner. We organize all-level sub-
construction of the rule of law. It has established a Compliance Management Committee with enterprises to sort out compliance management in key areas formulate a list of compliance
the Company's principal responsible person as the head of the leadership group and the risks and investigate compliance risks and violations on a quarterly basis. This year in
Company's Chief Legal Counsel as the Chief Compliance Officer and head of the working cooperation with external professional institutions we conducted compliance evaluation
group. The committee is responsible for organizing and coordinating compliance and risk review of BNBM Carpoly and BNBM Waterproof. As the key representative of the
management efforts continuously advancing the construction of the Company's compliance Company’s “Two Wings” strategy the implementation of relevant work is of great
management system and major compliance matters and providing guidance supervision importance to enhancing business synergy and implementing the Company’s development
and evaluation of the Company's compliance management work. In 2024 the Company’s strategy.compliance management committees at all levels held 58 meetings deliberating 121 In order to further supervise and promote the construction of overseas business compliance
topics and effectively promoting the Company’s overall compliance management. management we conducted 11 special risk checks on overseas-related businesses. The Group strictly prevents and controls overseas risks and ensures the compliance and high
Implement compliance management responsibilities quality of the Company’s business operations. In 2024 the Company reviewed 648 rules
and regulations at all levels and sub-enterprises 51 major decisions 44440 major
The Company attaches great importance to the construction of the rule of law continuously contracts and compliance review rate reached 100%.strengthens the organic integration of business operation and compliance management and
gives full play to the synergy of the “three lines of defense” of compliance management to
continuously improve the level of managing enterprises in accordance with the law. The
Company has the business department as the first line of defense to implement compliance Cultivate a good compliance culture
management requirements; the legal and compliance department as the second line of
defense to guide and urge each business department to perform compliance management The Company actively carries out compliance awareness promotion and promotes the
responsibilities; the audit and discipline department as the third line of defense to verify and improvement of compliance management of its subsidiaries through the compliance risk
improve the effectiveness of the Company’s compliance management system. We will work monthly report. Topics include compliance management copyright knowledge new
together to promote compliance management and effectively prevent and control possible Company law etc. In the current year the total number of participants in relevant training
compliance risks. At the same time the Company has established a mechanism for reporting
violations. and record it at the Company’s headquarters. reached 12600.
037 038Deepening corporate Adhering to the Cultivating Integrity Implement risk Compliance
governance Party’s leadership Construction prevention and control operation
Protecting enterprise information security Intellectual Property Management
The Company strictly abides by the Law of the People's Republic of China on the Protection of State Secrets the Adhering to the protection of intellectual property rights as the core element of encouraging employees to innovate
Interim Regulations on the Protection of Commercial Secrets of Central Enterprises and other laws and regulations promoting economic development and ensuring fair competition the Company strictly abides by the Patent Law of
and has formulated the BNBM Information Security Management Policy to carry out measures to safeguard the People's Republic of China the Copyright Law of the People's Republic of China and other relevant laws and
information security in an orderly manner. Since 2021 the Company has been conducting grading filing and regulations. In addition the Company formulated internal policies such as the BNBM Patent Administration
assessment on official websites and internal systems to obtain and maintain the second level of cybersecurity Measures to regulate the protection of intellectual property rights so as to build a sound management system for
protection. intellectual property protection.The Company set up a leading group on cybersecurity and informatisation with the Chairman as the leader of the The Company actively arranges patent application work works closely with technical experts and professional
leading group to actively lead senior management and all employees in information security protection. At the service institutions and efficiently promotes the application of intellectual property rights through detailed
same time the Company has set up a network security and informatisation working group to carry out daily network technical separation and in-depth background research. In addition the Company keeps up with the industry's
security management focusing on the following protection measures: technological development and holds regular technical seminars. We will accurately identify and target the
protection needs of core technologies to effectively prevent the risk of infringement.This year in response to an infringement of a trademark against the Company the Company fully fixed the
evidences and filed trademark infringement lawsuits in a timely manner and successfully stopped the infringement
by legal means. The trademark protection and fraud case was successfully selected as a typical case of “Iron Fist”
action in 2024 People’s Livelihood Cases announced by the Beijing Municipal Administration for Market Regulation.Internal operation
Border protection and maintenance Server protection Real-time security
control monitoring
Clear ownership of
intellectual
property rights
In technical cooperation
entrusted research and
development or technology
Firewall is deployed at All server operation Deploy a Set up a network transfer the ownership of
the boundary of the and maintenance are comprehensive server security supervision intellectual property rights
data center to ensure carried out through protection system to platform to identify Prevention of
infringement risk is clearly defined in the
Perform patent
security control of bastion machines enable server virus and deal with risks in a contract terms to avoid monitoring and
business systems and which effectively detection and killing timely manner. related disputes. early warning
minimize the risk of prevent and control Trojans hacker tool Perform patent document Keep an eye on the patent
application system illegal access and protection search process before dynamics in the industry
exposure on the audit videos are vulnerability project initiation or and conduct patent early
Internet; available for the whole management etc.; technology export to ensure warning and search analysis
operation and that potential infringement Key measures for on the technical application
maintenance process issues are avoided. intellectual property of the Company’s core
to achieve traceability protection products.at each step;
03904002
Green and Circular
Economy Products
As a leading domestic enterprise in green building materials BNBM is
driven by its mission to achieve “Green Technology Quality Life.”Upholding the development philosophy of “Greenway Builds a BetterFuture” the Company actively implements low-carbon operation
strategies vigorously develops a circular economy and focuses on
creating green products to steadily enhance its core competitiveness in
green development. We are committed to minimizing the environmental
impact of production and operational activities continuously improvingresource efficiency and fully advancing the realization of the “CarbonPeaking and Carbon Neutrality” goals. We aim to provide innovative
solutions to the environmental challenges faced by society and
collaborate with partners to create a new harmonious lifestyle between
human and nature. In 2024 the Company‘s revenue from green
products amounted to more than RMB 17 billion.Advancing the “Carbon Peaking and CarbonNeutrality” strategy 043
Practicing low-carbon production 045
Promoting circular economy 047
Strengthening environmental management 054
Feature: climate change risks and opportunitiesmanagement 061Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management managementAdvancing the “Carbon Peakingand Carbon Neutrality” strategy
Featured Goals
To support the national "30.60" goals and further promote low-carbon development across the value chain the
Company formulated and released the Carbon Peaking Action Plan of BNBM in 2023. The plan sets a clear target to
achieve carbon peaking by 2029 and solidly advance carbon peaking and carbon neutrality efforts. By 2025 Over 15% By 2025 40MW
Core Principles By 2029 Over 17% By 2029 55MW
The plan clearly takes "reducing carbon at the source based on reality" "development priority equal emphasis
on emission reduction" "innovation-driven technology-led" and "active steady and orderly promotion" as By 2030 Over 20% By 2030 60MW
the four core principles strengthening reduction at the source strict process control and optimizing end
governance. Based on control of total volume focusing on business structure optimisation taking raw material Proportion of non-fossil energy Installed capacity of clean energy power
fuel substitution and comprehensive utilisation of resources as the key and low-carbon technology innovation consumption generation
as the driving force the Company accelerate the production and application of green building materials.Strategic Goals
Target Completion Status
To implement of energy conservation and emission reduction system measures the work plan has formulated
overall goals and characteristic goals based on the Company's development situation and promoted all-round We have identified three pillars for achieving carbon peaking: green and low-carbon energy transformation
emission reduction from point to area. efficient utilization of resources and energy and vigorous promotion of the circular economy. Through ten key
tasks including comprehensive optimization of production and business layouts advancement of green and
low-carbon circular transformation and strengthening of green and low-carbon supply management we have
Overall Goals steadily progressed toward the Company's carbon peaking and carbon neutrality goals. This year we not only
achieved our set targets but also exceeded them. Moving forward we will continue to maintain our carbon
reduction achievements and further explore potential for energy conservation and emission reduction.The Company’s energy consumption per RMB 10000 of operating Income will
Energy and Carbon Reduction Goals Achievements in 202412
be reduced by 16% compared with 2020 By 2025 based on 2020 levels the This year the comprehensive energy consumption
By 2025 Carbon dioxide emissions per RMB 10000 of operating income will be reduced by comprehensive energy consumption per per 10000 RMB of operating income decreased by
24% 10000 RMB of operating income will 45.10% compared to 2020.compared with 2020 Overall decrease by 16%.
Goals
By 2025 based on 2020 levels the carbon This year the carbon dioxide emissions per 10000
dioxide emissions per 10000 RMB of RMB of operating income decreased by 49.27%
The Company’s energy consumption per RMB 10000 of operating Income will operating income will decrease by 24%. compared to 2020.be reduced by 33% compared with 2020 By 2025 the proportion of non-fossil energy This year the proportion of non-fossil energy
By 2030 consumption will exceed 15%. consumption reached approximately 14.44%.Carbon dioxide emissions per RMB 10000 of operating Income will be reduced Featured
Goals By 2025 the installed capacity of clean This year the installed capacity of clean energy
by 38% compared with 2020. energy power generation will reach 40 power generation reached 50.05 megawatts.megawatts.
12 This year the Company completed the acquisition of Carpoly and included it in the data. As a result some data fluctuations are
relatively significant.
043 044Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Practicing low-carbon production
BNBM actively responds to the national call for "Action of Central Enterprises for Energy Conservation and Carbon Shaanxi BNBM has completed the biomass
Reduction" by continuously promoting low-carbon technological upgrades vigorously developing clean energy and In 2024 Taishan Gypsum has completed the
coal-to-clean energy transformation for the and natural gas heat source transformation optimizing energy efficiency. The Company is committed to advancing its "Carbon Peaking and Carbon Neutrality" project with the proportion of non-fossil
strategy through green manufacturing. first and second production lines in the Taihe
Industrial Park as well as the Changzhi and energy exceeding 50%. This initiative is expected to reduce carbon dioxide emissions
As of the end of the reporting period Heze branch plants. by approximately 20000 tons annually.The Company achieved a comprehensive energy consumption of 0.57 tons of standard coal Reducing production energy consumption
per 10000 RMB of output value a year-on-year decrease of 12.30%；The carbon dioxide
BNBM continuously improves energy and resource use efficiency through process improvements and equipment
emissions per 10000 RMB of output value decreased by 12.50%，year-on-year upgrades. We adhere to optimizing production technology as a key approach reducing energy consumption fromexceeding the target. the source and contributing to the achievement of carbon reduction goals. In 2024 the Company's gypsum board products achieved a year-on-year decrease of 2.83% in coal consumption per unit and a 5.34% decrease in
electricity consumption per unit. The comprehensive energy consumption per 10000 RMB of output value for
The Company actively promotes the assessment mechanism energy conservation and emission reduction initiatives waterproof products decreased by 0.14%.across all production bases by establishing an assessment system with the General Manager of each base as the
primary responsible party. Energy conservation and carbon reduction as well as ecological environmental Enhancing Energy and Resource Utilization Efficiency through Green Intelligent Manufacturing
protection indicators have been incorporated into the performance evaluation scope of senior management. This
year to better understand the actual carbon emissions of affiliated enterprises and ensure the successful High-Quality Raw Material Low-Carbon and Eco-Friendly High-Speed Intelligent
achievement of the "Carbon Peaking and Carbon Neutrality" strategic goals we conducted carbon emission Preparation Technology Production Technology Manufacturing Technology
assessments for 8 affiliated enterprises. These assessments helped enterprises understand their carbon emission
structures and develop targeted carbon reduction measures to ensure compliance with emission reduction targets. By developing technologies for We innovatively developed a "near- We have established a high-stability
Additionally the Company focuses on reducing carbon emissions throughout the product lifecycle actively controlling the crystal morphology zero emission" process for adaptive control system for gypsum
analysing product carbon footprints and exploring carbon reduction potential. This year products such as Dragon of desulfurized gypsum and producing gypsum boards using board production with independent
Brand Company coatings modified asphalt waterproof membranes high-solid-content waterproof coatings and solidifying soluble chloride ions we coal-fired heat sources enabling intellectual property rights
polymer waterproof membranes obtained product carbon footprint certification. achieve high-quality resource clean and efficient utilization of coal achieving millimeter-level precision
utilization of industrial by-product heat. It is estimated that a single control. Through intelligent
gypsum. This reduces energy gypsum board production line can production lines and independent
consumption in gypsum product reduce CO? emissions by 887 tons R&D of key equipment we enhance
Promoting the usage of clean energy production. It is estimated that a annually. Additionally by production line efficiency
single production line with an developing a low-nitrogen and continuously improve operational
annual capacity of 30 million square energy-efficient natural gas heat efficiency and achieve cost
BNBM is intensifying efforts in the research and application of clean energy alternatives. To effectively implement meters of gypsum board can reduce source production process a single reduction and efficiency
the carbon peaking action plan the Company has increased investment in clean energy replacement projects CO? emissions by approximately production line with an annual improvement.promoting the integration of photovoltaic building systems and green energy applications while simultaneously 630 tons per year. capacity of 30 million square meters
advancing energy-saving and carbon-reduction technological upgrades. As of the end of the reporting period the of gypsum board is expected to
Company had 14 photovoltaic power generation projects an increase of 5 compared to the same period in 2023. The reduce CO? emissions by
cumulative photovoltaic power generation of enterprises at all levels reached 33896600 kilowatt-hours a year-on- approximately 3200 tons per year.year increase of 28.84%. Additionally the Company actively promoted natural gas as a substitute for coal with the
cumulative use of natural gas replacing coal equivalent to 129.60 thousand tons of standard coal effectively Furthermore the Company’s production bases focus on reducing energy consumption in operational processes.reducing greenhouse gas emissions by approximately 347.70 thousand tons of carbon dioxide equivalent. This year Tianjin Beacon Coatings utilized a cooling tower system intermittently operating cooling tower fans and
Furthermore the Company continues to research biomass fuel applications and rooftop heat collection refrigeration units based on seasonal temperature and production process requirements cumulatively saving
technologies to facilitate the transition to low-carbon production. 35000 kWh of electricity.
045 046Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Promoting circular economy
BNBM is committed to advancing the "greening of buildings cities and living environments" accelerating the Green raw materials
construction of a circular economy system vigorously promoting building energy efficiency and prefabricated
buildings and striving to create a full lifecycle product management process of "design-recycling-reprocessing"
enhancing the green and environmental attributes of its products. BNBM consistently drives the comprehensive utilization of resources through technological innovation
continuously overcoming technical bottlenecks. By improving the quality of desulfurized gypsum from the source
We are committed to integrating the concepts of green low-carbon and environmental protection into every stage and using high-quality raw materials for premium production the company produces 100% of its gypsum boards
of the product's entire life cycle: using industrial by-product gypsum achieving the recycling of industrial by-product gypsum.In 2024 the Company utilized 15237800 tons of industrial by-product gypsum an increase of 2.90% compared to
Adhere to technological From the outset integrate Establish low-carbon and the previous year.innovation focusing on energy-saving carbon eco-friendly production
enhancing the quality of reduction pollution processes accelerating
desulfurized gypsum to reduction and green energy-saving technological
achieve the recycling of recycling concepts into upgrades and energy
industrial by-product product design creating substitution to achieve Annual consumption of industrial by-product gypsum
gypsum. Implement resource high-quality green products carbon reduction in
cascading utilization and the that meet market demands. production promoting low- 10000 tons
reuse of scrap materials from carbon and clean industrial
the source thereby development.improving resource 1540
utilization efficiency. 1523.78
1520
Green Raw Materials Green Design Green Manufacturing
1500
1480.87
1480
1458.19
1460
Green Recycling Green Application
Accelerate research and development of Develop green building materials suitable 1440
technologies for recycling waste gypsum for prefabricated construction
boards reducing waste generation and requirements pioneering the concept of
minimizing the environmental impact at full-house assembly using gypsum-based
the end of the product lifecycle. materials. This approach replaces high- 1420
resource high-energy-consuming bulk 2022 2023 2024 year
building materials driving the
development of green buildings.
047 048Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Resource Utilization of Desulfurization Gypsum Water Resource Recycling Through Self-Built Sewage Treatment Stations
BNBM vigorously develops green and low-carbon industries and supply chains continuously BNBM (Tianjin) Co. Ltd. has established its own sewage treatment station integrating both
advancing projects for the resource utilization of desulfurization gypsum solid waste. Nationwide domestic and production wastewater into the treatment system. The treated water meets
BNBM accounts for 60% of the consumption of desulfurization gypsum making a significant production water standards enabling water resource recycling. In 2024 the Company saved
contribution to the development of the circular economy in the industry: 10000 tons of water and achieved the goal of zero wastewater discharge.* BNBM (Tianjin) Co. Ltd. utilizes desulfurization gypsum from large coal-fired power plants within a 10-
kilometer radius helping these plants consume nearly 300000 tons of desulfurization gypsum annually.Patent Research on Waste and Recycled Materials
* Ningbo BNBM Co. Ltd. consumes approximately 227000 tons of desulfurization gypsum each year
transforming them into high-quality building materials.BNBM Waterproof has conducted extensive research on the utilization of waterproof membrane
* Taishan Gypsum has successfully developed technology to produce gypsum boards using 100% scraps and recycled materials earning multiple patents and awards. The Company uses crushers
industrial by-product gypsum. This innovation enables the annual digestion of over 15 million tons of or pelletizers to reprocess edge scraps and recycled materials from waterproof membranes
industrial by-product gypsum reducing the land occupation for gypsum storage by more than 4000 reusing them as raw materials in production. Through technical treatments the Company
acres. ensures the products meet relevant standards achieving resource recycling.At the same time the Company actively utilizes production waste heat power plant waste heat and
production condensate for manufacturing activities and reuses scrap materials for secondary Green Design
production achieving resource recycling. This year the company replaced approximately 49700 tons of
standard coal by using waste heat steam from power plants.BNBM consistently emphasizes low-carbon production green application and convenient recycling of
Taishan Gypsum Selected as a Model "Zero-Waste Enterprise" materials from the initial stages of product design. By reducing carbon emissions in the production
process and enhancing the environmental performance of products the Company creates high-quality
green products that meet national standards and market expectations. This year multiple gypsum
Taishan Gypsum has consistently explored the full-process management and innovative practices of board and coating products from BNBM received green product certifications.transforming industrial solid waste into green building materials with 5 enterprises acquiring the title of
“no-waste enterprise”. In 2024 its "Resource Utilisation of Industrial Solid Waste in the Building Materials
Industry: Zero-Waste Model" was selected as a model case for "Zero-Waste Enterprises." Taishan Gypsum Multiple products of the Company have obtained green product certifications
recycles all major solid waste generated during production (gypsum board scraps and dust collector ash) as
raw materials for the gypsum board production line. It also continues to recycle gypsum board scraps and As of the end of the reporting period the Company’s 161 products such as Taishan Gypsum’s
discarded facing paper reprocessing these materials through technical treatments and reusing them as raw standard paper-faced gypsum boards Dragon Brand Company’s gypsum boards BNBM coatings have
materials to produce products that meet relevant standards achieving efficient resource recycling. been awarded China Green Product Certification. Additionally 85 products including Dream Brand New
Materials' wall putty Dragon Brand Company’s coatings Tianjin Beacon's interior and exterior wall
coatings have obtained China Environmental Label Product Certification.* Coverage of Taishan Gypsum’s Selection * Recycling of Waste Facing Paper * Multiple products of BNBM have obtained green product certifications
049 050Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Green manufacturing Key Applications and Advantages of Gypsum Boards in Green Buildings
BNBM continuously develops low-carbon and environmentally friendly product manufacturing processes achieving
energy conservation and emission reduction in production and promoting the low-carbon and clean development Environmental No harmful substances or gases are emitted during use and the production process is
of the industry. The main measures we have taken include: Performance more energy-efficient and environmentally friendly.Developing a "near-zero Developing "low-nitrogen Advancing the substitution Acoustic Effectively absorbs noise and reduces its transmission well supporting the
emission" process technology energy-efficient natural gas technology of coal-fired heat Performance architectural needs of environments like hospitals schools and theaters.for producing gypsum boards heat source production process sources in gypsum board
using coal-fired heat sources for gypsum boards" and other production lines accelerating Thermal Insulation
and independently researching technologies to enhance the the use of biomass fuels waste Performance
Effectively isolates heat transfer between indoors and outdoors reducing energy loss.a "two-step precise calcination" use of diversified energy heat steam photovoltaic power
process to achieve clean sources. generation wind power and
utilization of coal. other energy sources
significantly reducing
greenhouse gas emissions. Full-House assembly system creates a green eco-friendly and healthy living environment
Some technologies have
reached internationally leading
levels. BNBM's globally original Luban universal board full-house assembly system and Dragon brand paint have
successfully created a green eco-friendly and move-in-ready office environment gaining wide recognition
from the industry. This system innovatively addresses the pain points of traditional materials such as
For more details on low-carbon production and environmental protection initiatives and achievements please refer complex processes long construction periods excessive on-site waste extended post-renovation ventilation
to the sections "Advancing the “Carbon Peaking and Carbon Neutrality” strategy" "Practicing low-carbon time and environmental concerns. By shortening construction timelines and improving the environment it
production" and "Strengthening environmental management" in this report. achieves "move-in-ready" status realizing a "high-quality low-cost green" construction model.Green Application
Green recycling
With environmental protection energy saving and sustainable development as its core concepts BNBM has
formulated green product research and development strategies and plans. In recent years the Company has continuously advances waste recycling and reuse initiatives. The Company persistently researches develops and
successfully developed a series of high-performance and multi-functional green building materials products such as stockpiles gypsum board recycling technologies to accelerate the regeneration of discarded building materials and
net aldehyde gypsum board with the function of adsorption and decomposition of formaldehyde phase-change mitigate the environmental impact during the end-of-life stage of its products.gypsum board that can realise the function of automatic adjustment of indoor temperature and other functions and
Luban universal board with the function of decorative decoration and applicable to the requirements of assembled
buildings etc. These products can replace the consumption of bulk building materials products such as cement that
are high in resources and energy consumption and continue to meet the functional demands of the modern living Collection and Transportation of
environment for health environmental protection comfort and et cetera. Waste Gypsum Boards
Simultaneously the Company actively promotes the development of green buildings through its products Reuse of Gypsum Powder in Production
pioneering the concept of full-house assembly using gypsum-based materials. It has developed a series of integrated Sorting and Pretreatment to
gypsum-based structural functional and decorative components establishing a prefabricated system solution. This Illustration of the Remove Impurities
provides customers with a one-stop green building solution from design and construction to operation and Green Recycling
maintenance enhancing construction efficiency and reducing environmental impact and resource consumption. Process for Impurity Removal via Air Separation Gypsum Boards Rushing and Grinding to
and Magnetic Separation Produce Gypsum Powder
051 052Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Recycling and Reuse of Waste Gypsum Board Strengthening environmental
BNBM continues to advance the recycling of waste gypsum boards. management
In 2024 Zhaoqing BNBM Co. Ltd. recycled a total of 2310 tons of
waste gypsum boards including approximately 15 tons of recycled
gypsum boards and scraps from external markets.BNBM strictly complies with the Environmental Protection Law of the People's Republic of China the Air Pollution
Prevention and Control Law of the People's Republic of China the Cleaner Production Promotion Law of the
People's Republic of China the Energy Conservation Law of the People's Republic of China and other laws and
regulations related to energy conservation and environmental protection. This year the Company formulated and
* Recycling of waste gypsum board by BNBM Zhaoqing released its Environmental Policy Statement 13 continuously optimized its environmental management system
implemented diversified environmental protection measures strengthened ecological and environmental
supervision and comprehensively promoted the progress of environmental governance.The Company earnestly fulfils its primary responsibility for environmental management continuously improving
Resource Utilization of Waste Paper internal systems such as the BNBM Ecological Environmental Protection Responsibility Policy and the BNBM
Ecological Environmental Protection Management Policy. It links management compensation to environmental
management performance indicators where serious environmental violations may impact their compensation and
BNBM actively promotes the recycling and utilisation of waste paper. Its subsidiary Taishan Gypsum Co. Ltd. performance. The Company also continuously refines the Environmental Protection Management Policy for its
has innovatively replaced the raw materials for gypsum board facing paper—originally wood pulp and straw subsidiaries to ensure the comprehensive and effective operation of the environmental management system.pulp—with 100% waste paper. This initiative truly embodies the concept of "consuming waste and benefiting
from waste" enabling the annual digestion of over 500000 tons of waste paper. This effort effectively To strengthen the environmental management system the Company actively promotes ISO 14001 Environmental
alleviates environmental pressure and protects land and forest resources. Management System certification across its subsidiaries. All production bases of the Company conduct environmental management in accordance with the ISO 14001 Environmental Management System and establish
internal standards to evaluate the management effectiveness of each production base. This year all production and
operation enterprises of the Company obtained ISO 14001 certification.Meanwhile the company actively participates in circular economy-related forums and seminars collaborating with
industry and society to explore the application and development pathways of the circular economy concept.Previous Year’s Targets 2024 Work Progress
SO? emission intensity: 0.26 kg/RMB
Sulfur dioxide (SO?) emission intensity < 20 mg/m3 10000 of industrial output a 29.88%
year-on-year decrease.NO? emission intensity: 0.54 kg/RMB
Nitrogen oxides (NO?) emission intensity < 30 mg/m3 10000 yuan of industrial output a
16.57% year-on-year decrease.
Particulate matter emission intensity:
Industrial particulate matter emission intensity < 5 0.07 kg/RMB 10000 of industrial
mg/m3 output a 32.01% year-on-year
decrease.* BNBM actively participates in the first Sino-US Circular Economy Cooperation Forum 13 Environmental Policy Statement: https://www.bnbm.com.cn/esgdt.html
053 054Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Enhancing the Environmental Management System To continuously monitor environmental performance and effectively identify and prevent environmental risks BNBM requires all subsidiaries to implement the PDCA (Plan-Do-Check-Act) cycle management mechanism. This
approach aims to refine and optimize environmental risk management processes and outcomes. At the beginning of
each year each subsidiary formulates an environmental self-monitoring plan and strictly adheres to it by
To effectively advance environmental management the Company has established a comprehensive environmental conducting environmental impact auditing at least once annually in collaboration with professional external
management framework including the Board of Directors the Strategy and ESG Committee the Safety and agencies. This process involves identifying and evaluating environmental impact factors including the emission
Environmental Protection Department and Member Enterprises. This framework creates a top-down management of hazardous substances and waste as well as identifying hazard sources and assessing associated risks. The
mechanism and builds a vertical management chain of "Headquarters – Business Units – Subsidiaries" ensuring the monitoring plans and results must be disclosed in accordance with local environmental protection regulations and
continuous implementation of environmental protection and ecological construction across all levels. are integrated into the local ecology and environment bureau’s online monitoring system for real-time emission
data tracking.For identified environmental risks and potential hazards subsidiaries are required to promptly develop targeted
Overseeing the implementation and supervision of the control strategies and corrective measures to prevent incidents. As of the end of the reporting period subsidiaries
Company’s environmental management and performance as the identified and addressed 3420 environmental hazards with all issues rectified.highest-level management institution responsible for
The Board environmental matters. Additionally guided by the headquarters’ principles subsidiaries have established systems such as the Management Measures for Environmental Emergencies and the Environmental Risk Hazard Investigation and
Control Policy. These systems are continuously improved based on the characteristics of each production base.Subsidiaries also regularly update their lists of significant environmental factors conduct risk investigations and
assessments and organize comprehensive and specialized emergency drills. In 2024 BNBM did not experience any
Assisting the Board in supervising environmental matters major environmental incidents.regularly collecting environmental management updates from
Strategy and ESG relevant departments and reporting them to the Board.Committee
Reducing production environmental impact
Mainly undertaking environmental management responsibilities BNBM strictly adheres to national and local regulations and implements internal management systems such as the
in areas such as energy conservation emission reduction and BNBM Ecological Environmental Protection Management Policy to standardize wastewater exhaust gas and waste
Safety and Environmental ecological protection and regularly reporting to the Strategy and management processes across its subsidiaries. This year the Company further reduced pollutant emissions and the
Protection Department ESG Committee. environmental impact of production through continued promotion of near zero emission techniques clean energy
replacement intelligent exhaust gas management et cetera. compliance rate for pollutant emissions was 100%.In 2024 the Company achieved "near-zero emissions" across all levels of its 52 member enterprises with 33 of them
Undertaking the environmental management work from the being awarded the national title of "Green Factory" and 39 receiving the provincial "Green Factory" designation.headquarters establishing an environmental protection
department improving tasks such as risk identification job
Segment Companies and inspections supervisory checks and system construction ensuring Wastewater Management
Subsidiaries the effective implementation of environmental management
measures and regularly reporting to the headquarters.The Company strictly complies with local wastewater discharge standards. Production bases install wastewater
treatment facilities to preliminarily treat production wastewater and cooling water which is then reused or
BNBM environmental management system discharged to municipal treatment plants after meeting standards. In 2024 the Company strengthened emergency
wastewater management by constructing emergency pools at production bases. These pools timely collect
rainwater to continuously refine the separation of rainwater and pollutant water and ensure monitored treated
and unified discharge.
055 056Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Exhaust Gas Management BNBM Waterproof Sichuan Base Achieves Grade A Performance Rating
The Company maintains high standards for exhaust gas treatment setting "near-zero emission" thresholds stricter This year with the support of the government expert panel the Sichuan base of BNBM Waterproof
than national and industry standards: <20 mg/m3 for SO? <30 mg/m3 for NO? and <5 mg/m3 for particulate matter. successfully passed the A-level performance construction and evaluation in the waterproofing materials
These standards are gradually applied to gypsum board production lines. In 2024 subsidiaries improved exhaust gas industry through technological improvements and comprehensive pollution emission management
management using intelligent methods tailored to their production processes. Gypsum board enterprises are measures. By implementing a full-process negative pressure extraction RTO incineration solution the waste
implementing near-zero emission standards while waterproof material companies are utilizing RTO (Regenerative gas treatment rate was increased to 90% significantly reducing pollutant emissions. Additionally the
Thermal Oxidizer) systems to mitigate the pollution of the atmospheric environment caused by organic waste gases. company ensured comprehensive pollution emission management by identifying all waste gas generation
points and taking targeted measures to guarantee low emission of pollutants throughout the production
process. It also regulated the emission of waste gases from upstream and downstream transportation
industries driving the green transformation and development of the industry.BNBM Carpoly’s RTO Treatment System Upgrade
This year BNBM Carpoly upgraded its VOCs treatment process to "rotary adsorption + RCO (catalytic
combustion)" and added an RTO system for high-concentration VOCs and a collection system for low- BNBM Carpoly’s Unorganized Exhaust Gas Recovery Project
concentration emissions. This reduced the RCO system’s load lowering VOCs emissions to 6 mg/m3 and
cutting annual emissions by 9 tons of VOCs 8 tons of NO? and 4 tons of SO?. This year Carpoly’s Anhui plant upgraded its hazardous waste
and water treatment areas to collect unorganized exhaust gases
reducing non-methane hydrocarbon emissions. In 2024 the water
treatment system operated for 2392 hours reducing emissions
by 227 kg of non-methane hydrocarbons 62 kg of ammonia and
4 kg of hydrogen sulfide.
* BNBM Carpoly’s Unorganized Exhaust
Gas Recovery
Waste management
The Company strictly complies with national laws and industry standards strengthening hazardous waste
management based on the National Hazardous Waste List (2021 Edition) and continuously refining Ecological
Environmental Protection Management Policy and other internal management policies. General industrial waste
and hazardous waste are handled strictly to ensure efficient and compliant waste disposal. For general industrial
waste each production base of the Company has set up a general solid waste warehouse classified management of
general solid waste classified storage and regularly disposed waste. For hazardous waste the waste generation
department of each production base of the Company shall transfer the hazardous waste to the temporary storage
room on the same day and carry out separated storage according to the type of hazardous waste strictly regulate
* BNBM Carpoly’s RTO Treatment System the management of hazardous waste in and out of the warehouse network carry out electronic and manual
accounts registration and entrust a professional third party to deal with the hazardous waste on a regular basis to
achieve the hazardous waste disposal in a compliant manner.
057 058Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Enhancing Employee Awareness of Environmental Protection Practicing Green Office Initiatives
To implement environmental measures and strengthen employee awareness the Company conducted The Company implemented the Office Resource Management Measures to encourage green office practices
environmental training for 30247 participants on topics such as solid waste classification air pollution prevention including:
and emergency response plans.Each production base has
Taishan Gypsum’s Environmental Training established rainwater collection
pools using the collected
rainwater for landscape irrigation
In 2024 Taishan Gypsum organized training on solid and hazardous waste management air pollution All office approval The Company actively and green plant watering. By
prevention and environmental standardization deepening employees’ environmental awareness. processes are completed promotes energy-saving
through the online OA dynamically adjusting the and environmental
platform fully operating times and controlling protection concepts
implementing paperless the temperatures of refrigeration through various forms of
office operations. A units electricity consumption is daily awareness
centralized management reduced. Lighting and hot water campaigns. These include
model for office supplies supply are meticulously managed posting promotional
has been adopted with scheduled on/off times to posters in public areas
establishing a shared lower energy consumption. regularly sending energy-
office supplies inventory. saving and environmental
This allows various protection email
departments to share daily Optimization of Water and Energy reminders to employees
supplies such as paper ink Conservation Measures and hosting themed
cartridges and drinking lectures. These efforts aim
water minimizing paper to enhance employees'
usage and improving the environmental awareness
efficiency of public and jointly create a green
* Taishan Gypsum organizes environmental training resource allocation. office environment.Comprehensive
Implementation of Paperless Creating a Green Office
BNBM Carpoly’s Energy Conservation Week Office Environment
Carpoly engaged 1267 employees across 9 production
bases in National Energy Conservation Week and Low-
Carbon Day activities. This initiative deeply implemented
the concept of ecological civilization and promoted the
Company's green and low-carbon development. The
Company encouraged employees to practice green and
low-carbon principles in their daily lives through measures
such as saving electricity and reducing the use of
disposable items. Additionally the Company organized
* BNBM Carpoly’s Energy Conservation Week environmental public welfare activities to enhance
Activity employees' sense of social responsibility.
059 060Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunities
推进“N双eu碳tr”al战ity略” strategy 践行低碳生p产roduction 推动循环e经co济nomy 强化环m境a管na理gement 专题：气候变化风m险a与na机ge遇m管en理t
Feature: Governance
climate change risks and
opportunities management To better address the challenges posed by climate change the Company has integrated climate change considerations into its sustainable development governance framework (see the "Sustainable Development Governance Framework" chapter of this report). The Board of Directors of BNBM serves as the highest decision-
making body for "Carbon Peaking and Carbon Neutrality" and climate change-related initiatives. The Board’s
Climate change has become one of the core factors affecting the sustainable development of the Company. BNBM is Strategy and ESG Committee oversees the Company’s overall climate change efforts including the management
well aware of the impact of climate change on its operations and society as a whole. It consistently monitors the and review of strategies policies goals and progress related to "Carbon Peaking and Carbon Neutrality" and
risks and opportunities brought by climate change and is committed to providing society with more climate-resilient climate change. The Board reviews updates from the Strategy and ESG Committee on "Carbon Peaking and Carbon
building solutions. This effort aligns with the Company's mission of "Green Technology Quality Life" ensuring the Neutrality" progress and other ESG priorities including climate change at least once a year providing guidance and
practical implementation of its corporate responsibilities. recommendations.The Company has established an ESG Working Group responsible for implementing the "Carbon Peaking and
Carbon Neutrality" strategy identifying climate change risks and opportunities and guiding departments to take
specific actions toward climate-related goals.The Company links management performance to energy management carbon emissions and other climate-related
metrics to ensure the effective implementation of "Carbon Peaking and Carbon Neutrality" and climate strategies.Additionally it conducts annual training for the Board management and key personnel on topics such as "Carbon
Peaking and Carbon Neutrality" and climate risks and opportunities enhancing their understanding and capabilities
in climate-related matters.Strategy
This year based on its "Carbon Peaking and Carbon Neutrality" strategy (see the "Advancing the Carbon Peaking
and Carbon Neutrality" chapter of this report) and business operations BNBM further identified and assessed the
short- medium- and long-term impacts of climate risks and opportunities on its operations and financial
performance. This process incorporated future climate change trends14 internal and external expert advice and
industry developments.Climate-Related Risks
The Company’s transition risks primarily stem from its operations and downstream market preferences while
physical risks include extreme weather events and chronic risks affecting upstream supply chain stability and
operations. Given the Company’s comprehensive low-carbon development strategy across all operational areas
and its proactive measures to address physical risks the overall level of climate-related risks is relatively low. The
table below outlines the Company’s major climate risks and corresponding mitigation measures.
14 The Company refers to key climate change development trends including research on China’s " Carbon Peaking and Carbon
Neutrality " policies and reports from the Intergovernmental Panel on Climate Change (IPCC) the International Energy Agency (IEA)
and the Network for Greening the Financial System (NGFS).
061 062Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Risk Description and Potential Impact Impact Period15 Response Strategies Risk Description and Potential Impact Impact Period15 Response Strategies
Transition Risks Physical Risks
Policy and * As China advances its "30.60" Medium term * Closely monitor low-carbon policy Acute Risks * Increased frequency of natural Short term * Develop emergency management
Legal goals new policies supporting Long term developments in operating regions disasters such as hurricanes and Medium term measures for extreme weather
low-carbon transformation are and industries accelerate corporate floods due to climate change Long term establish monitoring and early
being introduced nationwide transformation and firmly may lead to water and power warning mechanisms and conduct
increasing compliance costs for implement green low-carbon outages facility damage natural disaster drills at production
high-emission economic development strategies and carbon operational disruptions bases to ensure sufficient
activities. peaking action plans. equipment destruction and emergency supplies.* With the Company’s business employee safety threats
expanding overseas the increasing operational and
* Monitor official warnings for natural
introduction or enhancement of capital expenditures.disasters and extreme weather
assess impacts on subsidiaries and
climate-related laws and * Extreme weather may impact coordinate resources for support.regulations globally may increase upstream value chain enterprises
compliance costs. (e.g. gypsum producers power * Investigate historical weather
companies) causing supply chain hydrology and geological hazards
Technology * Under increasingly stringent Short term * Strengthen R&D capabilities disruptions and price fluctuations when building new plants to
carbon reduction policies the Medium term establish and effectively utilize for raw materials and energy minimize impacts from extreme
Company needs continuous Long term "Carbon Peaking and Carbon increasing production costs. weather and chronic climate
innovation in low-carbon Neutrality" R&D platforms and changes.processes and technological promote the adoption of new Chronic * Failure to control climate change Long term
upgrades potentially energy-saving and carbon- Risks may accelerate sea-level rise and
accelerating production reduction technologies and widespread water shortages
technology replacement and methods across factories. potentially forcing relocations
increasing capital and shortening equipment lifespans
operational expenditures. and disrupting operations
leading to reduced revenue and
Market * Downstream value chains and Long term * Intensify R&D for green product increased production costs.customers are increasingly technologies and production lines
focusing on the low-carbon accelerate the commercialization of
attributes of products and green products and expand market
services raising demands for the share for green products.Company’s main products.Failure to meet these demands
may hinder market expansion or
reduce revenue.Reputation * Stakeholders continue to Short term * Gradually build a green building
monitor the Company’s Medium term materials brand enhance brand
performance in green low- Long term promotion and elevate the
carbon development and climate Company’s influence and
change response. Failure to meet sustainability image in the value Climate-related opportunities
expectations may harm the chain.Company’s reputation and BNBM is well aware of the necessity of low-carbon development for the Company and actively seizes market
market performance. opportunities in green development extensively deploying green products which account for nearly 80% of its
revenue. At the same time we actively research and apply clean energy alternatives to reduce operating costs. The
table below lists the Company’s main climate-related opportunities and response measures.
15 In alignment with the national "Carbon Peaking and Carbon Neutrality" strategy and the Company’s business development plans
the short term is defined as “reporting period to 2025” the medium term as 2025 to 2029 (consistent with the Company’s carbon
peaking action plan) and the long term as 2029 to 2060 (consistent with the national carbon neutrality strategy).
063 064Advancing the “Carbon Practicing Promoting Strengthening Feature: climate changePeaking and Carbon low-carbon circular environmental risks and opportunitiesNeutrality” strategy production economy management management
Opportunity Description and Potential Impact Impact Period Response Strategies Risk Management
Products * Guided by the national "Carbon Short term * The Company continues to promote
and Services Peaking and Carbon Neutrality" Medium term the greening of buildings cities and
strategy green and low-carbon Long term living environments viewing the
development in the construction development of green and low-
industry will become the main carbon building solutions as a BNBM continuously monitors the impact of climate change on its operations and integrates climate-related risks
direction for the industry and significant market opportunity. It into its overall risk management system. Based on actual business conditions the Company conducts
market. The Company’s actively promotes the application of comprehensive risk identification annually combining feedback from departments industry analysis and external
continuous development of circular economy principles expert advice to identify potential climate-related risks and opportunities. For identified risks and opportunities the
green products and diversified building a green building industry Company uses internal risk assessment tools to prioritize them based on their likelihood of occurrence and their
low-carbon solutions that meet chain across the entire lifecycle and financial and operational impact. Targeted response measures are then developed and their implementation is
market demands may bring more comprehensively enhancing the regularly monitored. For details on the Company’s risk management system please refer to the "Implement Risk
market opportunities and environmental attributes of its Prevention and Control" chapter of this report.revenue. products. (See the "Promoting
Circular Economy" chapter of this
report.)
Resilience * The increasing frequency of Medium term * The Company adheres to its "One
extreme weather events such as Long term Body Two Wings and Global
typhoons and heavy rains due to Layout" strategy continuously Metrics and Targets
climate change raises the developing high-quality products in
demand for higher building its three core business areas of
quality. The Company’s gypsum boards waterproofing and
accelerated development and coatings. It enhances product Based on the analysis of climate-related risks and opportunities BNBM has prioritized the establishment of energy
promotion of diversified high- characteristics such as corrosion
quality building products can resistance durability and water conservation and emission reduction targets. These targets are regularly evaluated to effectively address climate
enhance building resilience resistance expanding product transition risks and seize market opportunities in low-carbon development. For details on BNBM’s energy
better meet future market applicability and improving building conservation and emission reduction targets please refer to the "Advancing the Carbon Peaking and Carbon
demands and bring more market resilience. (See the "Products and Neutrality" chapter of this report.opportunities and revenue. Applications" section of the
Company’s official website. 16)
Resource * The Company’s production and Short term * The Company’s production bases
Efficiency operations consume certain Medium term continuously implement energy-
amounts of energy and water Long term saving and environmental
resources. Continuous energy- technology substitutions to improve
saving and environmental production efficiency and reduce
technology upgrades and resource consumption.substitutions can reduce * The Company has initiated the
resource usage and lower energy substitution of coal with clean
and natural resource energy sources such as biomass and
procurement and usage costs. natural gas reducing operational
Energy * With the gradual improvement of Medium term and product carbon emissions. (See
Sources the national carbon emissions Long term the "Practicing Low-Carbon
trading market accelerating the Production" chapter of this report.)
reduction of the Company’s
carbon emissions and fully
transitioning to clean energy lays
a solid foundation for
participating in carbon trading
potentially bringing additional
revenue.
16 The link to the "Products and Applications" section of BNBM's official website: https://www.bnbm.com.cn/column/32/
06506603
High Standard
Solutions
As a leading enterprise in the green building materials segment
BNBM closely follows the national strategy of promoting high-
quality development. Through high-quality product services an
internally and externally linked innovation ecosystem and digital
and green low-carbon technological transformation the Company
continues to contribute to the high-quality economic and social
development of the country.Deliver optimal services 069
Promote technological innovation 075
Develop new productive force through green transition 078
Serve engineering projects with green concepts 081Deliver optimal Promote technological Develop new productive force Serve engineering projects with
services innovation through green transition green concepts
Deliver optimal services
Ensuring product quality and improving product excellence are the foundation of BNBM's stable progress. The
Company centred on the philosophy of "first-class quality first-class products first-class service" is committed to Quality Management Goals:
achieving steady growth in operational efficiency and continuous improvement in development quality. At the same
time we provide users with healthier safer and higher-quality solutions supporting their sustainable development
and jointly creating a harmonious and progressive industry atmosphere. This year the Company has set and achieved multiple quality management goals:
Quality Management Framework
0 * Gypsum board waterproofing and coating product * major quality incidents
BNBM continues to strengthen its high-quality management system constantly pursuing excellence in product and qualification rates not less than 98%
service quality and has established a new competitive advantage in cooperation centred on technological
leadership standardized operations brand building quality excellence and superior service.In accordance with the BNBM Product Quality Management System the Company has clarified a top-down quality * 100% pass rate in government product
management structure to ensure that employees at all levels can effectively participate in product quality inspections * 100% product factory pass rate
management. The Company has formulated the BNBM Management Plan for Quality Supervision conducting
irregular quality management inspections and supervision of its affiliated business segment companies. Based on
their business characteristics the affiliated companies have developed internal management systems such as the
Quality Management Policy and Quality Supervision and Management Measures standardizing management 0 * Customer quality complaint rate not exceeding * external quality supervision penalties
methods for procurement production quality inspection quality evaluation and other stages achieving full- 0.01%
process quality management of products. Additionally we strictly regulate the use of raw materials clearly
stipulating and ensuring that all Company products do not contain or add harmful substances in accordance with
industry standards guaranteeing the safety and reliability of products during use.This year the Company actively advanced ISO9001 quality management system certification work. 95 of the Process Innovation to Enhance Product Lifespan
Company's production bases have obtained ISO9001 quality management system certification.Furthermore the Company emphasizes continuously enhancing the quality awareness and responsibility of all
segment companies. To strengthen refined quality management the Company has established a quality BNBM’s Dragon Brand Company has successfully
compensation rate indicator extending cost control requirements from internal production to quality cost developed a “China-Chic” (China fad series) of
management reinforcing management requirements centred on quality to enhance consumer satisfaction and gypsum boards with multifunctional properties such
build a high-quality product image. as moisture resistance fire resistance formaldehyde
purification and high strength. By using special
The Company also strengthens quality risk prevention and control for all levels of production units. The production processes and formulations the Company
headquarters collects and summarizes production data for various products monthly benchmarking and comparing ensures these products maintain superior
data such as product qualification rates product unit consumption and product energy consumption promptly performance even in harsh environments like
monitoring the production quality of Company products. This year the Company conducted quality work humidity and high temperatures thereby enhancing
inspections and supervision on 32 production bases identifying and rectifying 103 issues with a rectification rate of * Dragon Brand Company’s China-Chic Gypsum product structural stability and lifespan.
100%. Board
069 070Deliver optimal Promote technological Develop new productive force Serve engineering projects with
services innovation through green transition green concepts
Quality Management Awards: Excellence in Customer Service
This year the Company actively participated in quality management award activities and achieved outstanding BNBM adheres to the "Customer at the Highest" strategy upholding the marketing philosophy of "Customer First
results. Win-Win Cooperation" and the service philosophy of "Putting the Customer's Heart at the Core." The Company
consistently prioritizes understanding and meeting customer needs continuously innovating products and service
models to establish stable long-lasting and harmonious win-win customer relationships. This approach enhances
* 1 QC team won the second prize in the Central Enterprise QC Group Achievement Presentation customer satisfaction and loyalty achieving mutual development for both customers and the Company.Competition;
Centred on customers the Company integrates resources across the upstream and downstream of the industrial
* 6 QC achievements participated in the building materials industry quality management group chain building a new integrated industrial platform of "technical solutions + product integration + service
selection winning 1 first prize 1 second prize 2 third prizes and 2 excellence awards. consulting." This platform provides comprehensive solutions across the entire industrial chain lifecycle and system
* 5 QC achievements participated in the Beijing Association for Quality’s QC Group Achievement integration fully advancing the transformation to the "Marketing 2.0" model. This year the Company accelerated its
Presentation winning 2 second prizes and 3 third prizes. transition to a comprehensive consumer building materials manufacturer and service provider driving four
transformations: "commercial to residential urban to rural base materials to surface materials and products to
* Awarded the group second prize in the final of the "National Building Materials Industry Employee services." This effort aims to create high-quality living environments and serve the needs of building a better life for
Promotion of High-Quality Development (Quality Management Direction) Theme Competition" by the the people.China Machinery Metallurgy and Building Materials Workers Technical Association.The Company has established internal management systems such as the BNBM Dealer Management System and the
* Awarded the "2024 China Lean Digital Innovation Improvement Competition Innovation Practice BNBM Measures for Managing of Sales Service continuously standardizing customer service management processes.Award." It has built an efficient nationwide customer service network providing personalized and differentiated products
* The Company case "Deepening Benchmarking Management Practices to Achieve High-Quality and services and offering "one-stop" customer service covering pre-sales in-sales and after-sales processes. To
Development" was selected for the China Quality Association's group standard application and address diverse customer product needs the Company has also established a demand management process for
enterprise standardization work case collection and published in the 12th issue of the "China Quality" collecting and filtering requirements. Through third-party research participation in industry exhibitions and other
magazine in 2024. methods the Company understands and analyses customer and market needs expectations and preferences to
identify target markets and customer groups.Digital Platform Applications Driving Convenient Customer Service
In 2024 Dragon Brand Company fully advanced the construction
of its e-commerce platform achieving online and ecological
marketing. At the same time the Company continuously
collected customer feedback for platform optimization
improving user-friendliness and customer service efficiency. This
year Dragon Brand Company achieved e-commerce order value
of 5.77 billion yuan with the online sales rate of products
reaching 95%.* BNBM e-commerce platform
071 072Deliver optimal Promote technological Develop new productive force Serve engineering projects with
services innovation through green transition green concepts
For complaints related to product quality the Company's sales personnel will conduct on-site verification
Consumer Needs as the Core of Customer Service immediately upon receiving the complaint. If quality issues are confirmed they will actively communicate with the
customer to jointly discuss and implement solutions. For service-related complaints the responsible personnel will
Taishan Gypsum adheres to the customer service philosophy of "Quality Service Heavier than Mount Tai" promptly coordinate with relevant business departments to address and optimize service shortcomings. The
insisting on designing producing and selling products based on consumers' real needs. This approach has Company also strictly stipulates response times and handling deadlines for each stage of complaints clearly
earned consumers' high trust and recognition successfully creating the corporate image that "one out of requiring a response within 48 hours of receiving a customer complaint to ensure timely attention and resolution.every two high-end gypsum boards sold in China is from Taishan." The Company continuously optimizes its This year the Company received 17 accountable complaints and achieved a 100% resolution rate earning
marketing strategy and team striving to establish long-term and stable connections with consumers. widespread customer recognition.Customer Satisfaction Survey
To understand the current status and potential needs of customers regarding products and services the Company
has formulated the BNBM Measures for Customer Satisfaction Survey conducting annual satisfaction surveys for all
customers. To gain detailed insights into the needs of different customer groups we determine key factors for
measuring customer satisfaction based on customer segmentation. Survey questionnaire design and methods are
tailored to the characteristics of each customer group aiming to measure customer satisfaction from multiple
dimensions to obtain more targeted information. In 2024 the average customer satisfaction score of the Company's
full-level dealers reached 9.23 maintaining a score above 9 for five consecutive years. Each business segment of the
Company summarizes and analyses the results of the customer satisfaction survey forming a satisfaction survey
report. Based on the analysis improvement suggestions and recommendations are proposed and corrective
measures are organized and implemented to continuously enhance the Company's overall customer satisfaction
level and improve customer loyalty.Customer Privacy Protection
Customer Complaint Management The Company effectively protects customer privacy rights and has established the BNBM Measures for Managing
Customer File to ensure customer privacy information is not violated. The Company has built a series of protective
The Company attaches great importance to customer complaints and has formulated and strictly implemented the mechanisms with the information network security platform at its core safeguarding customer privacy data
BNBM Measures for Handling Customer Complaints clearly defining the responsibilities of each department to throughout the entire product line transaction process. For customer files that have been established or updated
ensure efficient handling of customer feedback. Additionally the Company has established diversified customer the Company prohibits any employee from modifying or deleting them without authorization. All personnel with
communication channels including online email phone mail and face-to-face feedback channels ensuring access to customer files must strictly comply with confidentiality obligations and are not allowed to disclose
smooth customer feedback pathways. customer information without authorization.
073 074Deliver optimal Promote technological Develop new productive force Serve engineering projects with
services innovation through green transition green concepts
Promote technological innovation
BNBM guided by the "One Body Two Wings and Global Layout" strategy focuses on the three core business areas of In 2024 the Company's annual R&D investment was RMB 1.058 billion an increase of RMB 103 million over the same
gypsum board waterproofing and coatings. The Company has built an internally and externally collaborative and period last year with an R&D investment intensity of 4.10% and a total of 50 scientific and technological awards for
open innovation system driving sustainable development through technological innovation. It fully leverages projects in technology development craftsmanship workmanship and engineering technology.technology resources and expertise to empower product innovation. The Company is committed to intensifying
efforts in tackling key core technologies and national major scientific and technological projects actively playing the
role of the enterprise as the questioner enhancing the overall efficiency of technological innovation and promoting The core scientific research performance of BNBM in 2024:
the output and transformation of scientific and technological achievements. In 2024 BNBM won the "Innovation
Practice Award" at the 2024 China Lean Digital Innovation Improvement Competition.The Company has formulated a series of policies including the BNBM Major Science and Technology Plan Project
Management Measures standardizing job responsibilities project management and fund usage and strengthening Undertake key R&D Accelerate the
the Company's project-based research and development management model. This year the Company established a projects construction of property
Science and Technology Committee directly led by the chairman responsible for implementing the Company's right system
"1235" technological innovation strategy organizing the Company's innovation system and continuously improving
the Company's articles of association and management measures to ensure targeted and goal-oriented The Company undertakes or By the end of 2024 the
advancement of R&D work. This year the Company identified 43 key R&D directions aligned with the "One Body participates in 8 major total number of patents
Two Wings" strategy and carried out related R&D work in an orderly manner. scientific research projects applied for is 9985 and
of the country the industry the total number of
and the Group including 4
projects/subtopics of the authorised patents is
Industrialised Gypsum board and 14th Five-Year Plan; 2 7214 with a total of
technology 2 types of gypsum board+ projects of the second batch 5253 active patents; 160
technological 3 business
Forward-looking field tracks Waterproof materials of major scientific and
international patents
innovation
technology technological research in applied for of which 6 Coatings the building materials have been authorised.industry; 2 projects under
the Chinese building
materials industry's“Technology OpenCompetition Mechanism”;
1 strategic vision of science and technology: create 2 projects of key core
a world-class model enterprise; technology research of
CNBM. Optimize the
construction of
BNBM “1235” Science and Technology innovation platform
Innovation Strategy
Passed the reassessment by the National Enterprise Technology Center; on the basis of the original scope of
5 basic guarantee supports CNAS competence accreditation the laboratory has completed the competence expansion of 87 testing
items in the three major fields of gypsum and gypsum products waterproof coatings and waterproofing roll-
roofing materials and successfully passed the CNAS reassessment.R&D Talent
investment System Incentive
process Platform
guarantee
mechanism
construction
075 076Deliver optimal Promote technological Develop new productive force Serve engineering projects with
services innovation through green transition green concepts
Strengthening the R&D Management System Develop new productive force
The Company has built an internally and externally collaborative open and shared innovation system continuously
driving the improvement of technological innovation capabilities and promoting the deep integration and optimized through green transition
allocation of innovation resources. This year in collaboration with the China Building Materials Academy we
initiated a group standard project titled "Technical Regulations for Phase Change Energy Storage Insulation Systems
for Walls" filling the gap in the application regulations for phase change energy storage insulation systems in the
construction industry and promoting the commercialization and application of phase change building materials. The Company is committed to deepening digital development and has formulated the "1252" digital transformation framework. From multiple dimensions such as digital system construction and intelligent application development
Internal Innovation External Innovation the Company is fully advancing its digital transformation process. These efforts aim to accelerate the formation of
Strategy Collaboration new quality productive forces injecting green momentum into the company's sustainable development.This year the Company focused on integrated business management digital R&D and design agile user services
The Company closely focuses on The Company actively and intelligent production operations. It continuously improved the level of production intelligence further
customer needs production and establishes scientific research optimized and expanded the functionality of the group-level management platform steadily enhanced the e-
operational requirements and partnerships with universities commerce platform and advanced the construction of the financial shared services centre platform.the development trends of research institutes and other
application technologies. It enterprises in the industry. Integrated Business Management Optimizes Work Processes
conducts targeted innovation Through resource sharing and
and R&D work in product complementary advantages it The Company steadily advanced the construction of the shared digital financial platform delivering 108
development production achieves win-win development. standard processes across 13 financial modules and forming 17 solution manuals achieving full coverage
technology and application At the same time we are across all levels and segments of the Company.technology to ensure that R&D committed to improving the
activities precisely meet market efficiency of industry-university- Digital Management System Promotes Efficient Operations
demands and drive continuous research transformation
upgrades in products and accelerating the marketization The Company continued to promote the application and optimization of the BNBM e-commerce platform
technologies. of scientific and technological system achieving full online sales operations. The system was fully implemented across all levels of Dragon
achievements and injecting Brand Company with 100% of Dragon Brand Company’s bases now online. The e-commerce order rate of
continuous innovation Dragon Brand Company reached 98.68% with cumulative e-commerce platform orders amounting to 5.768
momentum into the Company's billion yuan realizing "business sharing" and substantial cost reduction and efficiency improvement in
Establishing R&D Incentive Systems development. frontline business operations.The Company has formulated systems such as the BNBM Measures for Managing the Declaration and Evaluation of Smart Factory Control System Enhances Digital Production Operations
Scientific and Technological Achievements and BNBM Patent Reward Measures for the Headquarters (Trial). By
pooling superior resources the Company continuously stimulates the enthusiasm and creativity of R&D personnel The Company effectively advanced intelligent production construction and initiated an industry-first
driving breakthroughs in key core technologies and creating endogenous motivation for technological innovation: innovation project—the Smart Factory DCS Control System. It completed the DCS control system construction
for production lines in Zhenjiang Wuhan and Huainan significantly improving production control capabilities
and system stability. This project provided the industry with the best domestically controlled solution making
Implementing Promoting Patent Establishing Distributing External a positive contribution to the industry's intelligent and digital transformation. Taishan Gypsum’s Yichang“Technology Open Application Enthusiasm: Technological Scientific andCompetition Offering financial Innovation Awards: Technological Rewards: factory introduced the APC advanced control system achieving closed-loop control automatic adjustment andMechanism” Projects: rewards to patent Providing financial Fully distributing automatic control of key production parameters further enhancing the production line's intelligence level. In
Providing rewards to inventors. rewards to individuals project rewards for terms of safety production the Company completed the construction of intelligent safety production
key project participants. and R&D teams who projects that win management systems for 77 factories significantly improving safety management efficiency.contribute to external scientific and
technological research technological awards 17 "1252" which refers to one strategy two visions five areas (digital construction areas) and two platforms. One strategy: One Body
development with additional
promotion and financial incentives. Two Wings and Global Layout; Two visions: Business digitalization digital value creation; Five digital construction areas: Product
application. development digitalization factory digitalization marketing digitalization supply chain digitalization decision management
digitalization; Two platforms: Business middle platform data middle platform.
077 078Deliver optimal Promote technological Develop new productive force Serve engineering projects with
services innovation through green transition green concepts
Digital R&D and Design Facilitates Lightweight Data Systems Gypsum board industrial innovation—pioneering the application of a domestically
developed and independently controllable DCS intelligent production line control system
Through digital R&D and design projects the Company continuously optimized digital management efficiency.This year the Company completed the construction of a BIM model database including lightweight factory BNBM successfully implemented a DCS intelligent production line control system upgrade addressing
area models at the project level and lightweight equipment models at the workshop level. It also introduced challenges such as aging systems and reduced stability in production lines at its Zhenjiang Huainan and
BIM model lightweighting tools achieving lightweight database management. Wuhan factories. This project established an industry-leading domestically developed and independently
controllable solution enhancing system integration and compatibility thereby laying a solid foundation for
the intelligent and digital transformation of the gypsum board industry.As of the end of the reporting period the Company: Through advanced control methods such as integrated configuration real-time fault monitoring process alarms
Leap in production control and system permission management the Company achieved
capabilities centralized control of the entire plant’s systems. This
15 resulted in a 20% improvement in production automation enterprises have obtained the national MIIT two-tier integration management system certification and a significant reduction in equipment failure rates.
with BNBM Carpoly achieving the AAA-level certification.Dual guarantee of A "dual-redundant ring network" was constructed to ensure
The penetration rate of digital R&D and design tools reached 85%. secure and stable data transmission boosting overall network reliability and production network capacity by 100% and providing robust
stability support for seamless production line operations.Completed intelligent transformation of 17 digital factories.The electrical drive systems underwent a full upgrade
Comprehensive upgrade of improving transmission efficiency and control performance.
72.5% electrical drive systems This optimization reduced energy consumption by 15% of key equipment is equipped with automatic inspection and alarm functions. through high-efficiency energy conversion and transmission.
079 080Deliver optimal Promote technological Develop new productive force Serve engineering projects with
services innovation through green transition green concepts
Serve engineering projects with
green concepts
BNBM Waterproof Supports the Construction of Chongqing Jiangbei Airport Terminal
As a leading enterprise in green building materials BNBM actively responds to the national call for high-quality
development resolutely advancing technological innovation and efficiently integrating low-carbon technologies. By In the construction of the new terminal project at Chongqing Jiangbei International Airport "BNBM
driving the green transformation of the industry the Company effectively fosters new productive force. Waterproof" a subsidiary of "BNBM" was primarily involved in the waterproofing construction of the
Collaborating with value chain partners we jointly provide users with green and low-carbon service solutions underpass tunnel integrated utility tunnels runway command center roof and supporting project roofs as
supporting the construction of national large-scale engineering projects and continuously contributing to the well as the roofs of some auxiliary buildings garage slabs and culvert slabs. The Company provided over
country's high-quality development. 70000 square meters of materials including elastomer-modified asphalt waterproofing membranes cross-
linked reactive self-adhesive waterproofing membranes reactive adhesive cross-film wet-laid waterproofing
membranes and root-resistant SBS-modified asphalt waterproofing membranes.Green Building Materials Support the Construction of the Asian Winter Games
As an advocate for green materials BNBM extensively participated in the construction and renovation of
venues for the 2024 Harbin Asian Winter Games. The Company provided green and environmentally friendly
materials such as Dragon Brand Company’s flame-retardant boards along with technical support that met
green and low-carbon requirements contributing to the sustainable development of the event. Green
products from BNBM were used in facilities such as the Harbin International Convention and Exhibition
Sports Center athlete training centers international hotels and the athletes' village showcasing the
Company's solid industrial strength and contributing to the steady progress of urban development.* Chongqing Jiangbei International Airport
Integrated Drainage and Storage System Promotes Resource Recycling
and Sponge City Solutions
In 2024 "BNBM Waterproof" completed the integrated drainage and storage system solution project for the
Huazhong University of Science and Technology’s Junshan Campus helping it become a sponge campus.The integrated drainage and storage system organizes excess water from polymer protective drainage
(storage) profiled sheets into drainage channels which then flow to inspection wells. The collected water in
the inspection wells is reused in a recycling system. While ensuring drainage functionality the system meets
the oxygen supply needs of plant roots and rainwater recycling requirements promoting water resource
recycling and accelerating the construction of "sponge cities."
* Harbin International Convention and Exhibition Sports Center
08108204
All-rounded Talent
Cultivation
BNBM regards its employees as the foundation of its efficient
operations. By continuously building a comprehensive safety
production management system and strictly controlling safety risks
the Company ensures the health and safety of both its own
employees and outsourced workers. BNBM is committed to
creating a comfortable and growth-oriented work environment for
its employees. On the basis of strictly safeguarding employee rights
the Company offers competitive compensation mid-to-long-term
incentive mechanisms a robust talent training system and diverse
welfare benefits. Together with its employees BNBM grows
sustainably continuously attracting and retaining top talent.Strengthening intrinsic safety 085
Safeguarding employees’ rights and interests 095
Supporting employee development 101Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Strengthening intrinsic safety
BNBM consistently upholds the safety production philosophy of "focusing on employee health and safety creating Production Safety Management System
excellent working and community environments achieving zero accidents and building an inherently safe
enterprise." The Company is dedicated to fostering a safety culture across all levels of the organization where
"everyone values safety in every matter." Adhering to the safety production principle that "all risks are controllable BNBM has established a collaborative top-down health and safety management structure clearly defining the
and all accidents are preventable BNBM relies on four core pillars—guidance service supervision and safety management responsibilities of the Board of Directors the Production Safety Management Committee and
management—to continuously enhance safety governance at all levels providing a solid foundation for the the Safety and Environmental Protection Department and member enterprises ensuring the orderly
Company's sustained stable and high-quality development. implementation of the Company's safety management efforts.In compliance with relevant laws and regulations such as the Production Safety Law of the People's Republic of
China and the Occupational Disease Prevention and Control Law of the People's Republic of China BNBM has
established a series of internal policies including the BNBM Policy for Production Safety Management the BNBM
Occupational Health Management System and the BNBM Production Safety Responsibility Policy. These policies As the highest governing body for safety-related matters Board of Directors
define health and safety management processes and build a comprehensive production safety management system. it is responsible for overseeing the Company's Production
This year the Company compiled and released the Occupational Health and Safety Policy Statement 18 establishing Safety management.a safety management system from top-level design to implementation with a particular focus on preventing and
managing overseas safety risks to ensure the safety of employees abroad. Additionally for merged and acquired The committee serves as the leadership and decision-
enterprises the Company developed the Safety and Environmental Protection Management Integration Manual for making body for the Company's safety management. The
Reorganization Projects standardizing management processes and improving safety and environmental protection Production Safety Chairman of the Board is the overall responsible person
levels across project enterprises. Management Committee for the committee organizing and deploying production
This year all operating member enterprises of the Company have adopted ISO 45001 occupational health and safety safety management tasks and overseeing the execution
management systems for their management practices and acquired ISO 45001 occupational health and safety and performance of the Company's safety management.management systems certifications.Established at the Company headquarters this
department handles the daily affairs of the Production
Safety and Environmental Safety Management Committee and oversees the
Protection Department production safety management of member enterprises
ensuring the implementation of the Company's
Production Safety management.They carry out the safety management tasks delegated
Member by the headquarters supervise identify and manage
Enterprises health and safety risks ensure the effective
implementation of safety management measures and
report regularly to the headquarters.To effectively implement the production safety responsibility system the Company headquarters signs production
safety responsibility agreements with segment companies clarifying the safety responsibilities of the headquarters
and production bases. By defining key safety assessment targets indicators and performance evaluation methods
the Company ensures the fulfilment of safety and environmental responsibilities at all levels driving the
achievement of safety goals. The Company links management compensation to safety management performance
and in the event of serious safety violations management compensation will be adjusted accordingly serving as an
18 Occupational Health and Safety Policy Statement: https://www.bnbm.com.cn/esgdt.html important means to strengthen the intrinsic motivation for health and safety management.
085 086Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Core Production Safety Goals Continuously Promoting Safety Standardization
This year the Company set the following health and safety targets and metrics all of which were achieved (all health BNBM actively implements the BNBM Safety Production Standardisation Enhancement Action Plan and vigorously
and safety targets and metrics of the Company include outsourced employees): promotes safety standardization among its member enterprises. The Company continues to adopt a classification
management approach for member enterprises combining self-assessment segment recommendations and on-
site expert reviews to enhance the overall safety management level of member enterprises. This year 93 enterprises
across all levels achieved production safety standardization including 1 at the first level 73 at the second level and
19 at the third level. Additionally 104 enterprises established a dual prevention and control mechanism for hazards.
Furthermore the Company completed the compilation of the industry's first dedicated safety standard for the
gypsum board industry Safety Specifications for Gypsum Board Production promoting standardized development
of production safety in the industry.* 0 fatal accidents due to primary responsibility with a severe injury rate of less than 0.5‰.Intelligent Safety System
* 0 fire or explosion incidents. In response to the national strategy of "promoting safety through technology" the Company has launched the
construction of an intelligent safety system across all production bases. This system integrates four modules: safety
operations video AI facial recognition and personnel positioning. Through algorithms it enables automatic
identification of hazardous phenomena and violations full coverage of key areas with video surveillance layer-by-
100% layer design of safety management processes and digitalization of safety records comprehensively supporting the * qualification rate for periodic inspections of special equipment. Company in achieving production safety. This year the Company organized 77 member enterprises to implement
the intelligent safety system systematically driving the intelligent safety transformation of these enterprises.
100% 100% All-staff Participation on Innovative Safety Management Activities* monitoring rate for occupational hazard factors occupational health
examination rate for positions exposed to harmful factors and 0 occupational disease cases. The Company has been actively engaged in initiatives to enhance the safety awareness of its frontline employees. By
establishing management mechanisms such as "Be a Safety Officer for a Day" and "Snap a Photo of Safety Hazards"
the Company encourages its staff to report and oversee safety management practices. Some subsidiaries have
100% conducted activities such as "all-staff participation in safety culture building" and "safety knowledge competitions" * rectification rate for safety hazards. to proactively learn safety knowledge enhance safety awareness and engage in safety practices. Simultaneously
the Company encourages employees to propose improvements to daily safety management processes and rewards
and recognizes those who provide effective suggestions.* 100% provision rate of personal protective equipment. BNBM Carpoly organizes Company-wide improvement proposal activity
To drive improvements in safety quality and efficiency BNBM
* 100% completion rate of pre-job three-level education for employees 100% certification Carpoly organized a Company-wide improvement proposal activity
this year. The activity attracted participation from 648 employees
rate for special operations personnel and 100% safety training rate for key personnel. collecting a total of 3253 proposals. Among these 139 proposals were recognized as outstanding. The Company rewarded and
commended employees who provided effective suggestions further
solidifying its safety culture development.* Outstanding Proposal Awardees
087 088Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Taishan Gypsum launches "Let’s Talk About Production Safety" activity Production Safety Risk Prevention and Control
To foster an atmosphere of all-staff participation in safety management and safety culture building Taishan BNBM has established a top-down safety risk control mechanism with the headquarters responsible for identifying
Gypsum organized 189 sessions of the "Let’s Talk About Production Safety" activity across all levels of the the highest-level risks and monitoring them. Business segment companies and production bases based on their
Company this year. Employees were encouraged to contribute ideas for production safety share safety operational needs carry out health and safety risk prevention and control work in line with their operations.experiences and lessons and propose specific safety suggestions and ideas comprehensively enhancing the
safety awareness of all employees. The Company adheres to regulations such as the BNBM Measures for Managing the Production and Operation Sites Equipment and Facilities Safety with Major Risk Factors and the BNBM Measures for the Identification and
Evaluation of Environmental Factors and Risk Factors actively promoting the construction of health and safety risk
prevention mechanisms. The headquarters supervises subordinate enterprises in conducting risk graded control
and hazard identification and rectification.The headquarters regularly conducts health and safety audits identifies major risks in the production system and
refines the List of Major Risk Factors of the Production System and Control Measures and the Guidelines for the
Identification and Evaluation of Major Risk Factors and Important Environmental Factors of the Production System
helping subsidiaries achieve more effective safety risk management.This year the Company organized special inspections and rectifications for phenomena such as "factories within
factories" "parks within parks" and "office building rentals" conducting hazard inspections and comprehensive
rectifications for tenants to effectively prevent safety risks.Production Safety Audits
* "Let’s Talk About Production Safety" activity BNBM has formulated the BNBM Measures for Managing Production Safety and Ecological and Environmental Protection Inspection defining the audit functions and inspection content for the headquarter and business
segment companies and implementing an annual safety inspection plan. This year the Company focused on risk
control in key areas conducting special inspections of overseas enterprises construction projects hazardous
chemicals and tenant management and organized cross-segment inspections among different business segments
to promote inter-segment learning and exchange enhancing the level of safety and environmental inspections.Ensuring the Safety of Outsourced Employees
Audit Functions at Different Levels
The Company consistently adheres to the principle of fairness applying the same occupational safety management
standards to outsourced employees as to full-time employees to ensure consistency in safety management. We
uphold the principle of localized management signing safety management agreements with relevant parties and
labour outsourcing companies to clarify safety responsibilities and requiring them to implement the same safety Headquarters: Business Segment Companies:
management systems as internal employees achieving comprehensive standardization and enhancement of safety Conducts regular inspections of Conduct an annual safety management
management for outsourced employees. business segment companies system inspection of all production
subsidiaries and project construction bases under their jurisdiction perform
The Company rigorously reviews the health and safety qualifications of contractors thoroughly assesses their health units through on-site inspections safety measures inspections at least
and safety capabilities and signs safety agreements to define safety management responsibilities. Additionally the remote video inspections and cross- once a month and carry out routine
Company conducts regular safety reviews of contractors and outsourced employees ensuring the health and safety segment inspections as well as routine inspections and special inspections.of outsourced employees. At the same time the Company strengthens safety awareness training for outsourced unscheduled spot checks.employees providing safety education and risk briefings before they begin work enhancing work approval and on-
site supervision and intensifying safety inspections and rectification efforts to ensure outsourced personnel fully
understand health and safety risks and master effective response measures thereby preventing accidents involving This year the Company identified a total of 28331 potential safety and environmental issues through its inspections
contractors and outsourced employees. achieving a 100% rectification rate for all identified hazards.
089 090Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Promotion of Production Safety Awareness BNBM enterprises at various levels organizes various "Production Safety Month" activities
BNBM continues to carry out various production safety awareness promotion activities such as "Production Safety To solidly advance the three-year campaign for fundamental improvements in work safety in 2024
Month" safety emergency drills and safety education and training to enhance employees' production safety subsidiaries of BNBM organized a series of diverse and content-rich "Production Safety Month" events
awareness and advocate a safety culture. This year the Company held 3 Production Safety committee meetings and centered around the theme "Everyone Talks Safety Everyone Knows Emergency – Clear Pathways for Life."
7 Company-wide safety and environmental meetings. These activities included "All-Employee Safety Pledges" "All-Employee Emergency Drills" "Safety
Knowledge and Skills Competitions" "Safety Warning Education" and "Comprehensive Safety Inspections."
Some enterprises innovatively introduced special activities such as "Team Leader Safety Speeches" "Safety
"Production Safety Month" Activities Consultation and Awareness Day" and "Safety Letters to Families."
The Company further enhanced Company-wide safety awareness and promoted comprehensive improvements in
safety management through diverse "Production Safety Month" activities:
Hazard Identification Launched a Company-wide action to identify risks and hazards in the
and Rectification workplace with leaders of all levels leading risk identification and rectification efforts.Safety Promotion Organized activities such as "Leaders Talking About Safety" "Safety Exchange
Activities Meetings" and "Production Safety Research Meetings."
Emergency Drills Conducted emergency evacuation drills food poisoning drills machinery injury drills electric shock drills and confined space operation drills.Created and displayed publicity boards and slogan banners with employees
Safety Consultation actively participating in safety pledges and commitment signing activities and
and Publicity organized "Safety Consultation Day" publicity to deepen safety education and
training and case-based safety education.“Ankang Cup” Recognized and rewarded outstanding collectives and individuals in
Awards Production Safety management from the previous year motivating employees * “Production Safety Month” activities of BNBM enterprisesto actively engage in and participate in safety management activities.
091 092Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Dragon Brand Company conducts a series of production safety training sessions
In 2024 Dragon Brand Company adopted a combination of online and offline training methods to organize
production safety-related training activities across all levels of the enterprise. Dragon Brand Company
conducted a total of 25 production safety training sessions covering 767 participants; it also urged
subsidiaries to carry out 929 production safety training sessions and emergency drills covering 22387
participants. Through these enterprise-wide production safety training initiatives the Company continuously
improved employees' safety skills and management personnel's capabilities in identifying eliminating and
preventing hazards as well as preventing accidents thereby strengthening the safety awareness of all
employees.* BNBM Yuehuang emergency evacuation and firefighting drills
Safety Education and Training
* Production safety trainings
The Company actively conducts safety education and training disseminating knowledge on identified key safety
issues to enhance employees' safety awareness. This year the Company carried out the following safety training
activities:
Safety Emergency Drills
The Company formulated the BNBM Measures for Managing Response Plans for Major Safety and Environmental
Protection Accidents clarifying the management requirements for the establishment of emergency response
organizational structures the responsibilities of the organizations and their members the development of
emergency response plans and the conduct of emergency drills. In 2024 subsidiaries at all levels of the Company
conducted a total of 996 emergency drills.Organized six instructors to Hired third-party experts and Conducted safety education
deliver five specialized training used an online platform to and training for new
sessions including Caring for organize safety production employees covering basic
Employee Health and Building qualification certification and safety knowledge fire safety
Inherent Safety at the retraining for 39 key personnel electrical safety machinery
Company's leadership training and safety managers. 147 key safety and emergency
program with a total of over management personnel and response knowledge followed
450 participants. 507 safety management by a three-level safety
* The Company headquarters * Subsidiaries of BNBM Coatings organizes emergency drills on responding to
conducted a fire emergency flood fire and electric shocks personnel of the Company’s education assessment.evacuation drill and established a subsidiaries acquired the
volunteer firefighter team certification.
093 094Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Safeguarding employees’ rights
and interests
Compensation and Performance
BNBM adheres to the development philosophy of "people-oriented" and strives to create a diverse equal and
harmonious work environment. The Company continuously improves the construction of the employee rights The Company has established management measures such as the BNBM Headquarters Measures for Managing Job
protection system builds efficient and smooth communication bridges and lays a solid talent foundation for the Rank and Remuneration the BNBM Headquarters Measures for Managing Performance and the BNBM Headquarters
sustainable development of the enterprise. Management Measures for Employee Treatment and Business Expenses (Trial) setting up a combined application
The Company strictly complies with laws and regulations such as the Labor Law of the People's Republic of China method for job levels compensation systems and performance evaluation results providing employees with
and the Labor Contract Law of the People's Republic of China. Based on the actual operations and characteristics of detailed compensation and performance evaluation norms. At the same time to ensure that compensation levels
the enterprise the Company has established a comprehensive employee management system and norms to ensure align with the Company's strategic positioning and remain ahead of the market average the Company regularly
that every employee is treated fairly and justly. This year the Company released the Human Rights Policy participates in market compensation surveys promptly understands the compensation levels of the market and
Statement 19 clearly stating that the Company prohibits forced or compulsory labor the use of child labor and peer companies and adjusts and optimizes the compensation framework in a timely and reasonable manner.discrimination supports employees' freedom of association and strives to create a fair and favorable working
environment for employees. The Company implements a Company-wide annual quantitative evaluation mechanism signing the Annual
Organizational Performance Target Responsibility Letter with managers at all levels (department heads at the
headquarters and mid-level leaders of segment companies) and the Personal Performance Responsibility Letter
Implementing Rights Protection with all employees at the headquarters to clarify annual work goals and directions while helping employees
understand their tasks and enhancing the fairness and justice of performance evaluations.The Company is experimenting an excess profit-sharing incentive policy building a community of interests between
Recruitment and Termination the Company and employees inviting subsidiaries to pilot medium- and long-term incentive mechanisms and share
their implementation experiences deepening employees' understanding of incentive work and laying the
foundation for expanding the coverage of the Company's future incentive policies. This year the Company officially
In accordance with relevant laws and regulations the Company has established internal systems such as theRecruitment Management System of BNBM Headquarters the Employee Handbook of BNBM (“Employee released the BNBM 2024 Restricted Stock Incentive Plan (Draft)
20 implementing equity incentives for CompanyHandbook”) and the BNBM Management Measures for New Talents building fair and transparent processes for directors senior management and core personnel and clarifying the principles of equity incentives. The Company
employment recruitment and termination. During recruitment the Company insists on using scientific and is also actively promoting the implementation of medium- and long-term incentive plans. This year the first
systematic methods and tools for talent selection and equal employment eliminating discrimination based on distribution of excess profit-sharing for Dragon Brand Coatings (Beijing) Co. Ltd. has been implemented striving to
nationality ethnicity origin gender age physical characteristics hobbies and religious beliefs. During this maximize the incentive effect on a broader scale and attract and retain key talent.reporting period no incidents of employment discrimination occurred. At the same time the Company has incorporated ESG-related indicators into the compensation and performance
The Company strictly prohibits the recruitment of child labour and forced labour. In accordance with laws and evaluation system for senior management. To effectively promote energy conservation and emission reduction at
regulations such as the Law on the Protection of Minors of the People's Republic of China and the Regulations on the production bases the Company has implemented an energy conservation and environmental protection evaluation
Prohibition of Child Labor as well as the Company's Recruitment Management System the Company explicitly system clearly designating the general managers of each base as the first responsible persons. This system directly
prohibits the employment of child labour and forced labour. New employees are required to submit authentic and links key indicators of energy conservation carbon reduction and ecological environmental protection to the
valid documents including identity information before joining the Company preventing the hiring of child labour at
the source. The Company signs labour contracts with employees based on the principles of equality and business performance evaluation of senior management ensuring that the responsibility for energy conservation
voluntariness ensuring that all employees are voluntarily employed. At the same time the Company strictly and emission reduction is effectively transmitted and implemented from top to bottom. In the event of serious
monitors third-party employment practices. Any illegal employment practices including the use of child labour or environmental issues the performance evaluation results of management will be directly affected strengthening
forced labour will be severely punished immediately maintaining a work environment free of child labour and the emphasis and execution of energy conservation and emission reduction work. In the field of production safety
forced labour. During this reporting period no incidents of child labour or forced labour occurred. the Company has taken measures to link management compensation with safety management performance. In the
Additionally the Company actively promotes the economic development of its operating locations during event of serious safety violations the compensation and performance of relevant management personnel will be
recruitment. In recent years with the continuous advancement of the Company's global layout the Company has directly affected effectively promoting the comprehensive advancement of the production safety responsibility
deeply explored and understood the cultural background workplace practices labour legal frameworks and local system.talent market dynamics of overseas bases formulating recruitment strategies that align with local conditions to
maximize the absorption of local talent and promote local employment.
20 BNBM 2024 Restricted Stock Incentive Plan (Draft): https://www.szse.cn/disclosure/listed/bulletinDetail/index.html1297ab16-f655-
19 Human Rights Policy Statement: https://www.bnbm.com.cn/esgdt.html 4301-b0fd-3d2dd9d16319
095 096Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Fair and Transparent Promotions "Learning to Make Chinese Knots from Intangible Cultural Heritage Inheritors" Activity
This year the Company further optimized the internal job level management system clearly defining the conditions During International Women's Day BNBM organized the "Learning to Make Chinese Knots from Intangible
for promotion demotion and exit for employees at each job level. To ensure fair and transparent promotions the Cultural Heritage Inheritors" activity specially inviting an intangible cultural heritage inheritor to teach the
Company adopts a competitive recruitment system publicly releasing information on vacant positions at all levels double-line knot weaving method passing on the beauty of traditional Chinese culture. At the event female
and employees who meet the conditions can apply. After the competition if there are objections to the hiring results management representatives extended warm holiday wishes to all female employees expressing hope that
employees can provide feedback through suggestion boxes phone calls or emails during the announcement period. everyone will actively promote traditional Chinese culture and contribute their strength to the Company's
The Company has established five promotion channels: management functional technical marketing and high-quality development and the global advancement of Chinese enterprises and culture.production and supports the conversion between channels to ensure that all types of talent have clear and suitable
promotion paths.Promoting Diversity and Equality
BNBM continues to create a diverse equal and healthy workplace environment continuously improving relevant
policies and systems to ensure that the Company's operations adhere to the principles of fairness justice and
transparency.As at the end of the reporting period
* Female employees: the number of female employees of the Company reached 19.44% a steady
increase from last year
* Ethnic minority employees: the number of ethnic minority employees reached 870 an increase of
90 over the same period last year
The Company is committed to safeguarding the rights and welfare of female employees and has taken a series of
initiatives to make every female employee feel respected and cherished and jointly create a warm and harmonious
working atmosphere. The Company regularly organises group building activities for female employees holds
seminars invites female employees to share their opinions and suggestions and builds an open and inclusive
communication environment. To care for the physical and mental health of female employees in all aspects the
Company has purchased additional insurance for female employees including special disease insurance maternity
insurance and other additional insurance added female-specific checkups in the routine physical examination and
set up a mother and baby room in the work area. In addition to celebrate International Women's Day the Company
carefully planned recreational activities such as “learning to make Chinese knots with non-genetic inheritors” and * "Learning to Make Chinese Knots from Intangible Cultural Heritage Inheritors" Activityflower arranging and on Mother's Day the Company organised a Mother's Day punch card such as “Painting withheart and thanksgiving for mother's love”. On Mother's Day the Company organised activities such as “Drawingwith Heart Gratitude for Mother's Love”and “Mother's Day Clock Punching” to enrich the spare time life of
female employees.
097 098Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
"Caring for Women Honouring the Goddess" – Award Ceremony for Female Employee Ensuring Smooth Communication Channels
Representatives Receiving the "Pingyi County March 8th Red Banner Group" Honor
On the occasion of International Women's Day to express gratitude for the hard work and dedication of all BNBM is committed to building an efficient smooth and open communication platform for employees. The
female employees and further inspire their enthusiasm for their jobs and their drive for progress Dream Company's Employee Handbook clearly defines the core principles of every employee's right to know participate
Brand New Materials of BNBM awarded female employee representatives the "Pingyi County March 8th Red express and supervise. The Company actively promotes a culture of sincere and transparent communication
Banner Group" honor and distributed holiday gifts. This initiative encourages female employees to continue encouraging candid and friendly exchanges among employees and between different levels of the organization
leveraging their strengths and characteristics to contribute to the Company's high-quality development. fostering a harmonious and collaborative work environment. Effective communication facilitates information flow
and work progress.To safeguard employee rights the Company has established an employee union achieving a 100% membership rate
across all levels. The Company encourages employees to provide rationalized suggestions and has set up an
employee representative assembly mechanism convening it annually to review the BNBM Collective Contract and
report on the Company's production and operations to employee representatives collecting their opinions and
suggestions. After the meeting the union representatives on behalf of all unionized employees sign the BNBM
Collective Contract with the Company. Business departments promptly address and respond to issues raised by
employees during the meeting ensuring the implementation of employee feedback.In addition the Company provides employees with diverse channels for information communication. Employees
can provide feedback and suggestions through various means such as the General Manager's mailbox the OA
electronic office system the company's internal information sharing network the factory newsletter official social
media accounts and grievance channels. The relevant departments of the company actively take action to
strengthen communication with employees responding to and addressing the various opinions suggestions and
issues raised by employees promptly. This year the Company efficiently responded to and resolved over 30
suggestions and opinions put forward by employees.The Company conducts employee satisfaction surveys covering all employees collecting feedback through
questionnaires interviews and other methods. As of the end of 2024 the Company has conducted satisfaction
surveys and evaluations for seven consecutive years with results showing a year-on-year upward trend.This year
* Award Ceremony for Female Employee Representatives Receiving the "Pingyi County March 8th Red Banner Group" Overall employee satisfaction increased by 1.45% compared to 2023.Honor
099 100Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Supporting employee development
The Company considers promoting the comprehensive development of employees as its responsibility with talent
appreciation as its core philosophy creating a diversified training system and career development paths. In 2024 Strengthening Talent Development
the Company launched a talent assessment project conducting comprehensive talent evaluations through
interviews assessments and modelling to provide a thorough objective and fair evaluation of core talent. This
successfully identified and cultivated five talent teams in operations production technology marketing and BNBM continues to improve its employee training system advancing precise training at different levels and
functions. This year the Company established the Key Talent Pool Management Measures (Trial) which includes establishing a variety of training courses.over 550 high-potential talents while also strengthening international talent reserves with the International Talent
Pool Management Measures (Trial) which includes over 150 international talents.The Company’s main training course types include:
Strengthening Talent Attraction
Strengthening the professional knowledge and skills required for
employees' positions thereby enhancing their job competence. This year
In the face of a rapidly changing market environment the Company regards talent development as one of its core the Company conducted themed training such as the "New Productive
strategies. This year the Company deeply implemented the "Talent Fostering Enterprise" strategy focusing on Specialized Force" seminar and the "Collaborative Integration" marketing attracting young talent and sustainable development talent. Training enhancement program for managers in production and marketing systems
To strengthen the Company's new talent and align with international standards the Company launched the "New across different segment companies integrating new science and theories
Talents" Hundred-Person Plan aiming to cultivate international talent with new knowledge structures strong with corporate practices to deepen management's understanding of
innovation capabilities high comprehension strong responsibility and outstanding comprehensive abilities all with marketing strategies and enhance team collaboration.a global perspective. In 2024 58 individuals joined BNBM through the "New Talents" plan providing strong talent
support for the Company's strategic development. The Company formulated relevant management measures
tailoring development plans for each new talent assigning mentors teaching assistants and counselors and
providing comprehensive support in knowledge professional skills mental health and daily life. The Company
adopted a combination of "progressive tracking and follow-up training" "mentorship system" and "rotation Enhancing employees' general knowledge and skills improving their
practice" to establish a dynamic tracking mechanism closely monitoring the growth of each new talent to ensure professional qualities and comprehensive abilities. This year the Company
efficient and continuously optimized training. General conducted general training on artificial intelligence mental health and
Training outsourcing compliance management with a total participation of 2000
Additionally in the context of the rapid development of the "Carbon Peaking and Carbon Neutrality" and people.sustainability concepts the Company places great emphasis on attracting talent with matching professional skills.By continuously monitoring "Carbon Peaking and Carbon Neutrality" industry job fairs and forums the Company
stays informed about industry trends accurately identifies candidates with relevant professional backgrounds and
builds a talent resource pool continuously providing backup strength for advancing the green building materials
industry.Offering medium- and long-term non-degree and non-certificate
education for specific groups. This year to help new talents quickly adapt
to the Company environment familiarize themselves with work processes
Professional and integrate into the corporate culture the Company meticulously
Training organized onboarding training for "New Talents." The training combined
theory and practice covering comprehensive content in diverse formats
enabling new talents to transition from school to workplace in a relaxed
and enjoyable atmosphere.
101 102Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
The Company also established an online learning platform introducing a wide range of course resources covering
basic professional and leadership skills as well as Company-specific internal training courses promoting lifelong Conducting Middle and Young Cadre Training Program to Deepen Talent Reserves
learning and practical ability enhancement among employees.This year the Company held two sessions of the Middle and Young Cadre Training Program totalling 52 days
with 71 participants. The program was structured around six teaching modules: strengthening ideals and
beliefs enhancing political capabilities scientific judgment and decision-making maintaining innovative
vitality cultivating leadership character and refining job performance skills. It included cutting-edge courses
such as Innovation Trends – The Connotation and Development Path of New Productive Force Corporate
Strategic Management and Business Model Innovation in the Digital Age The AI Revolution Triggered by
ChatGPT and Its Impact on Various Industries Deep Integration of the Internet Big Data Artificial
Intelligence and the Real Economy and Digital Technologies and Corporate Innovation that Transform
Enterprises and Competitive Landscapes. By adopting diverse teaching methods and building a multi-
dimensional interactive communication system the program helped middle and young cadre trainees
master business management knowledge and tools becoming versatile talents with international
competitiveness thereby assisting the Company in comprehensively enhancing its core competitiveness and
opening up new prospects for high-quality development.* BNBM online learning platform
Leadership Training Program Strengthens Leadership Team Capability Building
* 3rd and 4th sessions of the middle and young cadre training program
BNBM successfully held a leadership training program
in collaboration with Sinoma Science & Technology. Hosting the "Collaborative Integration" Marketing Enhancement Program to
The training invited an external expert team to teach Promote Industrial Integration and Development
over 40 elite participants including leadership teams
and business segment leaders from both companies. This year the Company held the "Collaborative
The core focus of the training was on business Integration" Marketing Enhancement Program covering
leadership models and business transformation core personnel from six business segment companies.management strategies. It delved into multiple The program focused on industrial collaborative
aspects from organizational construction and talent development exploring new cooperation models
development to cultural atmosphere building business propositions and marketing innovations.thoroughly analysing how to efficiently translate Participants gained deep insights in their professional
strategic decoding into strategic execution. fields while making substantial progress in team
Participants learned how to overcome resistance to collaboration and industrial synergy. They witnessed
* BNBM & Sinoma Science & Technology leadership change within the organization drive innovation and
the deep integration of three major businesses—
training class explored ways to ensure the sustainability and gypsum board waterproof materials and coatings—
effectiveness of transformations to achieve expected * "Collaborative Integration" Marketing Enhancement strengthening internal connections and accelerating
goals. Program the construction of a collaborative and efficient
marketing ecosystem.
103 104Strengthening Safeguarding employees’ Supporting employee
intrinsic safety rights and interests development
Focusing on Employee Care BNBM "Enterprise Super League" Series of EventsBNBM is always committed to moving forward hand in hand with its employees placing great emphasis on their In 2024 BNBM hosted a diverse series of “enterprise super league" events aimed at boosting employeephysical and mental well-being. By planning a variety of employee activities the Company continuously enhances vitality and enhancing their quality of life through sports activities. The headquarters organized events
employees' sense of happiness and organizational belonging. The Company actively promotes the "Warmth including table tennis tug-of-war and basketball attracting the active participation of over 600 employees.Project" ensuring timely care and support for retired employees key business personnel overseas assignees and BNBM Carpoly set up traditional events (three-person basketball table tennis and badminton) knowledge
their families fostering a warm and harmonious corporate atmosphere. In 2024 companies at all levels organized competitions colour-mixing contests a cooking competition and team-based activities such as
employee participation in warmth-giving activities with a total of 22868 participants encouraging Company-wide collaborative challenges five disciplines precise warehousing and nine-grid management drawing the
participation in corporate culture building. participation of more than 1300 employees. This series of "Enterprise Super League" events not only
In terms of employee benefits the Company is dedicated to providing diversified and high-quality safeguards. The improved employees' physical fitness but also strengthened friendships and cohesion among them
Company has established an enterprise annuity plan to secure and enhance employees‘ welfare levels after showcasing BNBM's commitment to the comprehensive development of its employees. It also advanced
retirement motivating their labour enthusiasm and establishing a long-term talent incentive mechanism. The corporate culture building and deepened team cohesion.Company also organizes annual employee welfare health check-ups to help employees comprehensively
understand their physical condition and prevent and treat diseases in a timely manner. Additionally the Company
provides non-compensation benefits such as free shuttle buses dormitory as living place insurance such as
supplementary medical insurance free meals and extreme weather flexible working mode which cover all
employees who are needed ensuring employees' sense of belonging.BNBM “Unity” music festivalIn August 2024 BNBM successfully held the “Unity" music festival to celebrate the Company's 45th * BNBM headquarter Enterprise Super Leagueanniversary. During the concert employees and their families actively participated using songs to tell the
touching story of "Why 'BNBM'." Nearly 30 performances showcased the voice of China highlighting the
charm of the Company's culture. The event blended traditional culture with modern industrial spirit
attracting leadership over 300 employees and their families and partners to attend in person while more
than 20000 viewers participated online. This activity demonstrated BNBM's care and emphasis on the
spiritual well-being of its employees strengthened their sense of belonging and fostered a harmonious and
cohesive corporate culture.* BNBM Carpoly Enterprise Super League
Dream New Materials "Children's Day" Parent-Child ActivityThis year Dream Brand New Material organized the “CelebrateChildren's Day * Parent-Child Dream Park Tour” activity. The activity
site was carefully set up with fun games including lasso parent-child
ping-pong relay race chair-grabbing battle and hand-painted fan.These games allow children to play happily and enjoy themselves
enabling employees and their children to embark on a journey of
childhood experiences. This initiative helps rediscover the simple joys
* BNBM “Unity” music festival * Dream New Materials "Children's of early years and continuously enhances employees' sense of
Day" Parent-Child Activity achievement belonging and identification.
10510605
Responsible Industry
Collaboration
BNBM continuously enhances its supply chain management system.We aim to build stable efficient and mutually beneficial
sustainable development partnerships. To achieve this we
incorporate ESG concepts into the entire supplier lifecycle
management process creating an eco-friendly high-quality and
responsible supply chain. We also closely monitor the impact of our
operations on surrounding areas. We strive to deepen our
understanding of the local community through various means.Furthermore we actively participate in charitable and community -
oriented activities in fields like education culture and sports
giving back to society and demonstrating our corporate social
responsibility.Promote win-win cooperation 109
Co-creating social value 115Promote win-win Co-creating
cooperation social value
Promote win-win cooperation
BNBM adheres to the principles of "Integrity-Driven Partnerships Mutual benefit and Common Development." We
strive to strengthen our reputation as a responsible enterprise and build trusting mutually beneficial and long-term Engagement Phase
stable relationships with business partners. The Company continuously enhances partners' sustainable
development capabilities and awareness promoting collaborative development and win-win cooperation.Execute Integrity Pledge Agreements and Confidentiality and Anti-Corruption Cooperation Agreements
with suppliers. Deliver integrity compliance training to define mutual ethical standards and
operational protocols ensuring confidential business information protection and fostering ethical
Enhance sustainable supply chains collaboration.Conduct periodic audits of suppliers’ adherence to anti-corruption regulations. These evaluations
The Company is committed to optimizing supply chain efficacy and collaborating with suppliers to deliver premium reinforce compliance across the supply chain uphold ethical business practices and safeguard
products and services. This year we developed and issued Supplier Code of Conduct and Sustainable Supply Chain operational transparency.Management Policy that apply to all suppliers integrating ESG principles into supplier management processes. All
suppliers are required to maintain strict compliance with commitments encompassing employee rights protection
environmental stewardship and risk mitigation protocols. A dynamic supplier evaluation mechanism has been
implemented to achieve win-win cooperation and advance sustainable development objectives. Audit and Monitoring Phase
Supplier lifecycle management Conduct at least one performance evaluations for all suppliers each year incorporating ESG-related metrics and contractual compliance assessments. Update the qualified supplier roster based on
evaluation outcomes to enable dynamic catalog management. Identify suppliers with elevated
sustainability risks (e.g. excessive energy consumption occupational health/safety concerns or
integrity violations). Require such suppliers to develop corrective action plans and monitor
subsequent remediation effectiveness.Admission Phase
According to Supplier Management Measures we conduct comprehensive ESG-aligned assessments of
suppliers' compliance credentials environmental management systems occupational health/safety Exit Phase
protocols and product quality through document reviews on-site audits virtual assessments and
product trial evaluations. Verify alignment with corporate Supplier Code of Conduct and Sustainable
Supply Chain Management Policy. Terminate partnerships with suppliers failing to meet minimum standards post-remediation efforts.Audit suppliers' quality management systems requiring zero non-compliance records in national If a supplier engages in illegal or seriously non-compliant behavior we will impose temporary or
industrial corporate group or local government quality inspections over the past three years. permanent procurement bans across all corporate entities based on the severity of misconduct and
Prioritize suppliers with certifications such as ISO 45001 ISO 9001 and ISO 14001. Qualified suppliers resultant organizational impact according to the Supplier Blacklist Management Implementation
demonstrating superior performance receive preferential selection status. Guidelines. For suppliers committing egregious violations revoke partnership status and add to the
supplier blacklist.Implement rigorous procurement process monitoring and auditing to eliminate violations (e.g. bribery
fraudulent practices unfair competition). For those suppliers breaching the code of conduct a "one-
strike rule" applies disqualifying them from admission and cooperation. In 2024 we further enhanced the use of our company's online procurement platform continuously improving the
centralization standardization and transparency of our procurement operations.
109 110Promote win-win Co-creating
cooperation social value
Supplier Collaborative Development BNBM Dragon Brand Company’s ESG-Themed Exchange with Suppliers
BNBM rigorously implements its green procurement strategy prioritizing low-carbon principles clean energy In 2024 BNBM Dragon Brand Company's
adoption and minimal environmental impact in purchasing decisions. We systematically select environmentally procurement and production team engaged in
responsible suppliers under equivalent competitive conditions while advocating for sustainable packaging solutions ESG-themed exchanges with its suppliers. They
waste reduction initiatives and protect the environment across our supply chain. discussed ESG metrics alignment and carbon
Through legally binding safety and environmental agreements with suppliers we enforce compliance with national footprint tracking and shared experiences and
regulations and internal ESG governance standards. These contracts explicitly mandate supplier adherence to observations on green low-carbon processes
operational requirements encompassing energy conservation water preservation environmental protection and digital management systems. This
circular practices low-carbon operations and renewable resource utilization. Suppliers are contractually obligated collaboration aimed to boost renewable raw
to implement resource optimization emission reduction and ecological impact mitigation measures that safeguard materials usage and clean production standards
both environmental integrity and public health. enhancing environmental management across the product lifecycle.This year we actively carried out supplier strategic cooperation and ESG communication activities. Through supplier
conferences technical exchanges and seminars we shared information with suppliers on industrial policies market
conditions production and inventory situations and quality feedback. We also engaged with them on equipment * Conducted ESG exchanges with suppliers
upgrades technological innovation and process improvements conveying our ESG philosophy and encouraging the
use of eco-friendly materials. Moreover we guided suppliers in conducting routine safety inspections safety training
sessions and emergency drills. We strengthened their integrity - building education and facilitated knowledge
exchanges on laws regulations and social environments. These efforts aimed to enhance suppliers' capabilities and
overall management standards creating continuous value for them.In 2024 we conducted joint training and capability enhancement programs with 1709 suppliers advancing mutual
development through shared operational excellence.Carpoly Collaborates with a Professional Third Party on SVOC Regulation Exchange
Taishan Gypsum "Chain-Driven Win-Win Re-create Glory" Supplier
Strategic Cooperation and Development Conference In March 2024 BNBM Carpoly invited a
professional third party as a supplier for a specialIn July 2024 Taishan Gypsum's "Chain-Driven exchange on “SVOC Regulation Progress &Win-Win Re-create Glory" Supplier Strategic Solutions”. This meeting aimed to prepare
Cooperation and Development Conference was technically for the upcoming SVOC regulations. A
grandly held in Tai'an. 230 suppliers and 416 total of 21 engineers from the company’s Full
partners from all over the country attended the Decoration Technology Department and
event. The conference proposed that in the Engineering Paint Technology Department
future Taishan Gypsum will work hand in hand attended the meeting in two sessions. They had
with its supplier partners to build a more in-depth discussions on SVOC regulatory
transparent fair and mutually beneficial requirements differences between domestic and
cooperative ecosystem. It will continue to foreign regulations and relevant solutions.improve the supply chain ecosystem Through technical cooperation with suppliers
construction and development jointly move the company can jointly respond to regulatory
towards a low-carbon future and contribute to changes and promote sustainable development.* Chain-Driven Win-Win Re-create Glory" Supplier Strategic * “SVOC Regulation Progress & Solutions” special exchange
Cooperation and Development Conference the high-quality development of the industry.
111 112Promote win-win Co-creating
cooperation social value
Promote overseas collaboration and development To boost cultural exchanges and business we've strengthened overseas brand building and innovated promotion strategies. Central Asia BNBM has established a social media presence partnered with local universities and media
and organized events to showcase Chinese culture and foster employee integration. We've also enhanced our
BNBM continuously improves its international business collaboration model oriented towards international storytelling efforts to highlight BNBM's overseas endeavors corporate culture and create a positive international
markets leveraging both international and domestic market connectivity to optimize resource allocation. The reputation advancing our brand's social impact.Company prioritizes gypsum board products and technologies employing capital technological and managerial While expanding overseas BNBM actively fulfills its corporate responsibility by collaborating with local governments
exports to drive overseas investment. It focuses on building overseas marketing networks operational mechanisms communities and organizations. We participate in cultural educational and health initiatives and promote local
and organizational structures to boost market expansion increase market share and strengthen brand building. economic growth and social progress through mutually beneficial partnerships ensuring the company and society
BNBM pursues innovation through independent research and development as well as introduction absorption and develop together.re-innovation to expand its core technological capabilities in gypsum board. It also strategically plans its global
layout cultivates international talent and accumulates overseas management experience to enhance its
international standing and make international business a new growth driver.* In 2024 BNBM Tanzania contributed
BNBM International Project Construction Progress building materials to key institutions in
the Coastal Province including the
Immigration Department Fire Rescue
Bureau Zegereni Junior Secondary
School and Tanzania Police Academy.* 15 million sqm per year gypsum board project in Tanzania.* BNBM Tanzania contributed building materials to local
secondary schools and the Tanzania Police Academy
Completed and
commissioned
projects * 40 million sqm per year gypsum board line plus 3000-ton annual light steel * In 2024 Central Asia BNBM donated
4 much-needed items like formula milk keel and million sqm decorative gypsum board projects in Uzbekistan. diapers and batteries to a local
orphanage to ensure stable winter power
supply.* Central Asia BNBM donated daily necessities to a local
orphanage
* 40 million sqm per year gypsum board 3000-ton annual light steel keel * During the 8.28 Corporate Culture Festival
4 the Company invited 4 Tanzanian and million sqm decorative gypsum board projects in Thailand. employees to participate in domestic
Ongoing activities and visit company bases for
projects learning. This engagement initiative
enhanced cross-border collaboration
while boosting overseas staff's
* 40 million sqm per year gypsum board project in Bosnia and Herzegovina. organizational pride workplace
satisfaction and sense of belonging. * Tanzanian-Chinese employee exchange activities
113 114Promote win-win Co-creating
cooperation social value
Co-creating social value
BNBM always keeps corporate social responsibility in mind and integrates this concept into its development and
daily operations. It leverages its business and resource advantages to actively engage in philanthropic initiatives Advancing Rural Revitalization
carry out diverse volunteer activities and share its development fruits with the society. This is to inject the "BNBM
Power" into promoting social progress enhancing people's wellbeing and realizing people's aspirations for a better
life. BNBM actively implements the country's key decisions and deployments on rural revitalization. It integrates social
responsibility into its corporate mission and drives all-round rural revitalization. Focused on the mission of "green
technology and high-quality living" BNBM vigorously promotes activities like "bringing green building materials to
the countryside" and "matching good materials with good houses and new rural areas". It delivers green building
2024 materials and quality services to villagers enhancing their living standards. BNBM firmly fulfils its responsibility as a
state-owned enterprise taking practical actions to help solve people's livelihood issues.the Company donated and invested a total of 5.57 RMB million in rural revitalization and philanthropy.BNBM's Key Achievements in Rural Revitalization Support
BNBM has steadfastly supported Xinjiang and Tibet through 4 production bases over 100 million yuan
Targeted Assistance 520.21 RMB 10000 in investment and hiring 200 local employees easing employment issues and boosting livelihoods and unity.Educational Support 21.05 RMB 10000 BNBM has bolstered revolutionary base areas by setting up factories in places like Guang'an (Sichuan)
Jinggangshan (Jiangxi) and Fuping County (Shanxi) such as BNBM (Shanxi) Co. and Jinggangshan
15.83 RMB 10000 BNBM Co. promoting their revitalization and carrying on revolutionary spirit.Social Welfare
BNBM's green building materials campaign has promoted eco-friendly products like gypsum boards
and lightweight steel frames for rural construction reaching over 4000 county-level and township-level
channels and advancing new-type urbanization.BNBM has actively aided disaster-affected regions through donations volunteer services and
participating in reconstruction. During the Zhuozhou flood Dragon Brand Co. sold building materials at
cost price helping severely affected families rebuild their houses within a week supplying over 45000
sqm of gypsum boards and over 5000 buckets of paint.
115 116Promote win-win Co-creating
cooperation social value
BNBM steadfastly upholds its responsibilities as a state-owned enterprise
by advancing consumption-based poverty alleviation initiatives. “Unity” music festival Diaowo Town Station
BNBM remains unwavering in its responsibilities as a central state-owned enterprise actively aligning with BNBM continues to prioritize rural cultural revitalization exemplified by its "Culture to Villages" campaign.national rural revitalization strategies. Leveraging consumption-based poverty alleviation as a key The “Unity” music festival in Diaowo Town attracted nearly 700 residents enriching local cultural life
mechanism the Company supports rural development. Since 2021 BNBM has substantially procured through a unique "industry-culture-music innovation" format. This event established a dynamic platform for
agricultural products from designated regions through “Hebao Dan” the e-commerce platform of China product experiences cultural exchange and community engagement allowing participants to connect with
National Building Materials Group. As of the reporting period cumulative spending on poverty alleviation the values and warmth of Chinese industrial brands. By integrating economic and cultural development
initiatives has exceeded RMB 10 million establishing stable income streams for local farmers and effectively BNBM has injected fresh vitality into rural revitalization fostering sustainable progress in both cultural and
stimulating rural economic growth. economic spheres.*北新建材“人和”音乐会
* “Unity” music festival in Diaowo Town Station
Dream brand New Materials strengthens its foothold in county and township markets
advancing rural revitalization through localized operations.As BNBM’s core gypsum board industry platform Dream brand New Materials has deepened its presence in BNBM Education Support · Building Dreams Toward Innovation
county and township markets for years. The company conducts rigorous market research and analysis to
understand local demand consumption patterns and competitive dynamics. Guided by a cost-performance
principle Dream brand prioritizes addressing consumer pain points through product innovation while BNBM Waterproof is committed to aligning its corporate growth with the consolidation of poverty alleviation
expanding market coverage via optimized distribution networks. This positions the company to evolve into achievements and the advancement of rural revitalization. Through targeted actions the company
both a green building materials system solutions provider and a specialized rural development service translates the vision of comprehensive rural revitalization into tangible progress. By implementing
partner. Dream brand is committed to delivering state-owned enterprise quality at affordable prices
enabling rural communities to access eco-friendly construction materials and premium services. By education support programs in local township schools BNBM Waterproof strengthens rural education
integrating green building solutions with its responsibilities as a central state-owned enterprise the infrastructure improves student development and learning environments and inspires academic
company pioneers new pathways for rural revitalization and contributes to the development of sustainable excellence to cultivate future contributors to society.and beautiful countryside landscapes.* “BNBM Education Support · Building Dreams Toward Innovation” Donation Initiative at Xiejia Primary and
* Dream brand New Materials strengthens its foothold in county and township markets Middle Schools
117 118Promote win-win Co-creating
cooperation social value
Engaging in philanthropic activities “Benevolent Building” Colorful Classroom Public Welfare Teaching Support Action
BNBM remains true to its founding mission by fulfilling its public welfare responsibilities and exemplifying corporate In August 2024 a six-member BNBM volunteer team traveled to Yongshan County Ethnic Primary School in
citizenship. The company implements diverse philanthropic initiatives and charitable programs to advance social Zhaotong City Yunnan Province to conduct the week-long "Benevolent Building Rainbow Classroom Public
harmony and progress. Welfare Teaching Support" The volunteers leveraged their professional expertise to design tailored
curriculum modules including patriotic education science experiments arts safety education and
"Imprints of the Beijing Central Axis" Cultural Series Activities mathematical thinking aligning content with students' interests. Through diversified teaching methods they stimulated children's curiosity for learning while fostering independent thinking and exploratory spirit. This
initiative aimed to deliver care to mountainous area children and ignite the spark of dreams in young minds.BNBM remains steadfast in its mission as a state-owned enterprise championing the cultural legacy of
Beijing’s Central Axis and promoting confidence in Chinese brands. In 2024 the Company launched the
"Imprints of the Beijing Central Axis" Cultural Series utilizing eco-friendly high-quality gypsum boards
coatings and home products to curate exhibitions interactive experiences and cultural engagements.These initiatives showcase the appeal of domestic products and trendy goods through innovative interactive
and empathetic approaches. By narrating the story of China’s cultural heritage the Beijing Central Axis and
brand innovation BNBM strengthens societal commitment to preserving this UNESCO-nominated historical * 北新建材“人和”音乐会
corridor. These efforts reinvigorate traditional culture with contemporary relevance fostering collective
responsibility for safeguarding cultural assets while aligning national pride with modern sustainability goals.* “Benevolent Building” Colorful Classroom Public Welfare Teaching Support Action
BNBM Carpoly Supports Rural Sports Education Development
* "Imprints of the Beijing Central Axis" cultural activities BNBM Carpoly has actively supported national poverty reduction policies. Since 2022 it has sponsored the
"Cunxiao Cup" basketball league and cheerleading competition in Daliangshan Sichuan. In 2024 BNBM
Carpoly invested 200000 yuan to sponsor 23 teams from eight public welfare primary schools in the area.The event engaged 230 students promoting local sports education and broadening the horizons of
BNBM Supports Ningxia Public Welfare Forest Building mountainous-area children.On October 12 2024 the China Real Estate
Association's public welfare forest building
activity was held at the Baijitan Ma'anshan Base
in Yinchuan Ningxia. BNBM actively supported
the construction of the "China Real Estate
Association Public Welfare Forest" and donated
public welfare funds. This practical action
fulfilled its "Green Technology Quality Life"
corporate mission and supported the nation's
ecological civilization building.* BNBM Participates in Public Welfare Forest Building Activity * BNBM Carpoly: The 7th "Cunxiao Cup" Basketball League and Cheerleading Competition
119 120ESG key performance indicators
ESG key performance indicators21 22
General information Indicator Unit 2024 2023
Indicator Unit 2024 2023 Biomass fuel consumption 10000 tonnes 29.78 36.73
Revenue RMB 10000 2582112.44 2242589.56 Total indirect energy consumption25 10000 tce 20.82 16.23
Output value (current price) RMB 10000 2491542.29 2116621.25 Purchased green electricity26 tce 813.56 10.34
GHG emissions
Environmental KIPs Total GHG emissions27 10000 tCO2e 349.79 346.61
Indicator Unit 2024 2023 Direct GHG emissions (Scope 1) 10000 tCO2e 256.06 286.08
Energy23
Indirect GHG emissions (Scope 2) 10000 tCO2e 93.73 60.53
Total energy consumption 10000 tce 142.56 137.66
GHG Emissions per RMB 10000 of 10000 tCO2e/RMB
Comprehensive energy consumption 0.00014 0.00015
per RMB 10000 of revenue tce/RMB 10000 0.55 0.61
revenue 10000
Comprehensive energy consumption GHG Emissions per RMB 10000 10000 tCO2e/RMB 0.00014 0.00016
per RMB 10000 of output value tce/RMB 10000 0.57 0.65 thousand of output value 10000
Total direct energy consumption24 10000 tce 121.74 121.43
Clean energy consumption
(Biomass fuel solar and wind 10000 tce 20.52 21.44
energy and heat recovery steam)
21 The coverage of the following KPIs is the same as that of the consolidated statements. In case of any discrepancies between the total
number and the sum of the data and ratios disclosed herein it is due to rounding.
22 During the reporting year the Company completed the acquisition of BNBM Carpoly and integrated it into the consolidated data
reporting scope. As a result certain metrics exhibit notable variations compared to prior periods primarily due to the inclusion of the
newly acquired entity's operational data.
23 This year the Company adjusted and refined the statistical scope of indirect energy reclassifying the categories for purchased 25 Indirect energy consumption covers purchased electricity and purchased heat. The result is calculated in accordance with the
electricity purchased heat and purchased steam among other indirect energy sources. As a result the total direct energy General Rules for Calculation of the Comprehensive Energy Consumption (GB/T 2589-2020).consumption total indirect energy consumption direct greenhouse gas emissions (Scope 1) and indirect greenhouse gas emissions
(Scope 2) for 2023 have been restated. 26 Purchased green electricity refers to the electricity purchased through contracts with renewable energy power producers.
24 Direct energy consumption covers non-renewable energy sources such as coal natural gas liquefied petroleum gas petrol and 27 The calculation of GHG-related emissions has referred to the Notice on the Key Work Related to the Management of Enterprise
diesel as well as self-generated electricity using renewable energy sources. The result is calculated in accordance with the General Greenhouse Gas Emission Reporting in 2022 the General Guideline of the Greenhouse Gas Emissions Accounting and Reporting for
Rules for Calculation of the Comprehensive Energy Consumption (GB/T 2589-2020). Industrial Enterprises (GB/T 32150-2015) as well as other national and international standards.
121 122ESG key performance indicators
Indicator Unit 2024 2023 Indicator Unit 2024 2023
Water Comprehensive utilisation rate of
general waste % 100 100
Total water consumption 10000 tonnes 1182.26 1180.66
Industrial waste consumption 10000 tonnes 1523.78 1480.87
Water consumption per RMB million of 10000 tonnes/RMB
revenue million 0.046 0.053 Others
Water consumption per RMB million of 10000 tonnes/RMB Environmental protection RMB 10000 30759.03 22558.62
output value million 0.047 0.056 expenditure29
Fresh water consumption 10000 tonnes 1146.32 1167.78 Cumulated number of products with
China green product certificates Case 161 48
Recycled water consumption28 10000 tonnes 365.72 293.54
R&D cost of green products30 RMB 10000 85409.26 90213.72
Wastewater
Revenue from green products31 RMB 10000 1723608.95 1713184.59
Total industrial wastewater discharge 10000 tonnes 299.31 324.45
Chemical oxygen demand (COD) Tonnes 109.53 108.81
Ammonia nitrogen Tonnes 5.29 4.56
Waste gas Social KPIs
Total emissions of nitrogen oxides Tonnes 1336.12 1360.46
Employee-related indicators
Total emissions of sulphur dioxides Tonnes 649.46 786.89
Total emissions of industrial
particulate matters Tonnes 178.20 222.67 Primary indicator Secondary indicator Unit 2024 2023
Total emissions of volatile organic
compounds (VOCs) Tonnes 46.15 1.70
Employees
Total employees as of the end of the Reporting Period Person 15790 12786
Waste
Male Person 12721 10448
General waste generated 10000 tonnes 21.93 13.95 By gender
Female Person 3069 2338
General waste generated per RMB
10000 of revenue tonnes/RMB 10000 0.085 0.062 Han employees Person 14920 12006
By ethnicity
Hazardous waste generated tonnes 3023.29 360 Minority employees Person 870 780
Hazardous waste generated per RMB
10000 of revenue tonnes/RMB 10000 0.00117 0.000161
29 Environmental protection expenditure includes the expenditures for environmental protection and ecological restoration.
28 Recycled water consumption = the amount of water per cycle x the number of cycles. 30 31 The green products including gypsum board waterproof material and waterproof coating.
123 124ESG key performance indicators
Primary indicator Secondary indicator Unit 2024 2023 Primary indicator Secondary indicator Unit 2024 2023
Senior employees Person 164 147 By position level General employees % 12.06 12.37
Female employees at Person 8 8 Under 30 years old % 20.86 27.94senior level
By position level Middle-level employees Person 564 472 By age 30-50 years old % 9.92 8.58
Female employees at Over 50 years old % 10.56 11.23
middle level Person 69 86
Development and training
General employees Person 15062 12167
Total participants in training Person-times 153029 153602
Under 30 years old Person 2656 2151
Coverage % 82.73 93.16
By age 30-50 years old Person 11771 9531
Over 50 years old Person 1363 1104 Average training hours of employees Hours/person 80.31 81.95
Disabled employees Person 87 56 Male Hours/person 80.31 82.11
By gender
New employees during the Reporting Period Person 1671 1026 Female Hours/person 80.31 81.23
Employee turnover rate Han employees Hours/person 80.25 81.93
By ethnicity
Total turnover rate32 % 11.82 12.07 Minority employees Hours/person 81.30 82.15
Turnover rate (voluntary resignation) % 9.74 10.07
Senior employees Hours/person 142.58 145
Male % 11.86 11.92
By gender By position level Middle-level employees Hours/person 153.84 182.37
Female % 11.63 12.75
General employees Hours/person 76.24 77.29
Han employees % 11.82 12.04
By ethnicity Under 30 years old Hours/person 85.42 84.96
Minority employees % 11.72 12.56
Senior employees % 0.61 0.00 By age 30-50 years old Hours/person 79.45 82.12
By position level
Middle-level employees % 8.69 8.07 Over 50 years old Hours/person 77.76 74.53
32 Employee turnover rate = Employee turnover rate for FY2023 = number of employees turned over / number of employees on board
at the end of the period
125 126ESG key performance indicators
Primary indicator Secondary indicator Unit 2024 2023 Primary indicator Secondary indicator Unit 2024 2023
Health and safety Proportion of employees with collective contract % 100 100
Average number of days of paid annual leave per
Work-related deaths Person 0 0 employee Day/person 10.25 10.25
Regular employees Person 0 0
Contractors Person 0 0
Death rate per 1000 employees % 0 0 Supply chain-related indicators
Lost days due to work injury Day 0 0
Primary indicator Secondary indicator Unit 2024 2023
LTIFR per million hours of employees % 0 0
Suppliers with long-term cooperation - 4271 3525
LTIFR per million hours of contractors % 0 0
Suppliers screened and controlled based on
environmental and social risks - 2376 2841
Work safety accidents Case 0 0
Suppliers assessed as
Participants in health and safety training Person-times 165965 115035 having significant - 0 0
negative impact
Work safety investment RMB 10000 5966.26 2422.05
Suppliers assessed as
having significant
Social insurance coverage of dispatched workers % 100 100 negative impact and - 0 0
having rectified
Others
Suppliers assessed as
Total employees participating in satisfaction surveys Person 8691 7486 having significant
negative impact and - 0 0
whose cooperation was
Coverage of employees participating in satisfaction % 55.04 58.55 terminatedsurveys
Proportion of suppliers screened and controlled based
Employee satisfaction33 % 85.84 84.39 on environmental and social risks % 65.24 80.60
Total employees in the labour union as of the end of the Suppliers who passed the certification for quality
Reporting Period Person 15790 12786 occupational health and safety environment protection - 3263 1210
or energy management
Proportion of employees in the labour union as of the % 100 100 Suppliers participating in training and capacity end of the Reporting Period enhancements - 1709 1045
33 Employee satisfaction surveys cover all levels of employees.
127 128ESG key performance indicators
Product/Service-related indicators Indicator Unit 2024 2023
Coverage of directors % 100 100
Indicator Unit 2024 2023 participating in training
Total customer complaints Case 17 34 Coverage of regular employees
participating in training % 100 100
Complaint resolution rate % 100 100
Total compliance training conducted during the Session 12 19
Total customers participating in satisfaction year
surveys Case 7152 4598
Total participants of compliance training during Person 12600 8400
Proportion of customers participating in the year
satisfaction surveys % 23.95 23
Total ESG training during the year Session 6 6
Customers surveyed as
satisfied Case 6800 4552 Total duration of ESG training during the year Hour 24 18
Total participants of ESG training during the
year Person 716 120
Social contribution-related indicators
Indicator Unit 2024 2023 Innovation and R&D-related indicators
Public welfare donations RMB 10000 557.09 524.47 Indicator Unit 2024 2023
Number of volunteers Person 50 46
Annual R&D investment RMB 100 10.58 9.52
Voluntary service hours Hour 720 356 million
Patents applied for during the year - 870 704
Patents for inventions - 485 362
Governance KPIs Patents granted during the year - 530 606
Patents for inventions - 212 227
Business ethics-related indicators Cumulative valid patents - 5253 4852
Patents for inventions - 1616 1204
Indicator Unit 2024 2023 Cumulative software copyrights registered - 38 34
Total anti-corruption training conducted during Session 2694 145 Provincial and ministerial awards in science and the year technology - 11 5
Total participants of anti-corruption training
during the year Person 66013 26379
Standards for which BNBM participated in
preparation or revision - 285 195
129 130Future Outlook
Future Outlook
Reaching the summit we aim to expand new horizons. BNBM will remain mindful of the "nation's priorities" and
focus on the "nation's essential materials" staying true to our mission of "Green Technology Quality Life." Guided
by our core values of "Innovation Performance Harmony and Responsibility" we will share the BNBM story and
strive to propel the Company's high-quality development to new heights.In the new year we will continue to drive development through innovation. We will fully promote innovative
practices across multiple dimensions including "strategic-led innovation technology and business expansion
innovation functional empowerment innovation and international acceleration innovation" vigorously advancing
the development of new products businesses and models.In the new year we will deepen integration and synergy to foster development. We will strengthen comprehensive
integration within the "One Body" and between the "One Body" and the "Two Wings" enhance collaboration across
sectors promote industrial integration advance regional coordinated progress and deepen the integration of the
industrial and innovation chains. We are committed to driving synergy and integration to greater depth and
practical outcomes.In the new year we will strengthen Party building to propel development effectively transforming Party-building
advantages into corporate development strengths. We will focus on implementing the Company's "One Body Two
Wings and Global Layout" strategy adhere to green manufacturing and build a green building industry chain across
the entire lifecycle. We will relentlessly pursue the creation of high-quality products to meet the people's aspirations
for a better life accelerating our journey to become a world-class demonstration enterprise.
131 132Appendix
Appendix
Index table of indicators Disclosure Chapter page number or other descriptions
Index of Reference of ESG Indicators System for ESG Reports of Listed Environmental
Companies Controlled by Central Enterprises
Primary Secondary
indicators indicators Tertiary indicators
E.2.1.1 Wastewater discharge compliance
Chapter page number or E.2.1.2 Wastewater management and Disclosure other descriptions abatement measures ESG key performance indicators；
Wastewater E.2.1.3 Wastewater discharge Green and Circular Economy
Environmental Products- Strengthening E.2.1.4 Wastewater pollutant emissions environmental management
Primary Secondary E.2.1.5 Wastewater Pollutant Discharge
indicators indicators Tertiary indicators Concentration
E1.1.1 Fresh water usage
ESG key performance indicators； E.2.2.1 Waste gas emission compliance
E.1.1.2 Circulating water consumption Prevention and ESG key performance indicators；
Water Green and Circular Economy control of Waste gas E.2.2.2 Emissions of waste gas pollutants Green and Circular Economy
E.1.1.3 Percentage of recycled water usage Products- Promoting circular pollution Products- Strengthening economy E.2.2.3 Waste gas pollutant emission environmental management
E.1.1.4 Intensity of water consumption concentration
E.1.2.1 Consumption of non-renewable E.2.3.1 Legal compliance for solid waste
materials ESG key performance indicators； disposal
Materials E.1.2.2 Consumption of toxic and hazardous Green and Circular Economy Products- Strengthening E.2.3.2 General industrial solid waste ESG key performance indicators；materials environmental management managementSolid waste Green and Circular Economy
Resource E.1.2.3 Intensity of material consumption E.2.3.3 General industrial solid waste disposal Products- Strengthening
consumption environmental management
E.2.3.4 Hazardous waste management
E.1.3.1 Fossil energy consumption E.2.3.5 Hazardous waste disposal volume
E.1.3.2 Non-fossil energy consumption ESG key performance indicators；
Energy E.1.3.3 Proportion of non-fossil energy use Green and Circular Economy Products- Strengthening E.3.1.1 Sources and types of greenhouse gases
E.1.3.4 Total energy consumption environmental management E.3.1.2 Greenhouse gas emissions ESG key performance indicators；
management Green and Circular Economy E.1.3.5 Energy intensity
Climate change GHG Products- Advancing the “Carbon emissions E3.1.3 Scope I emissions Peaking and Carbon Neutrality”
E.1.4.1 Packaging material usage strategy; Practicing low-carbon
Packaging E3.1.4 Scope II emissions production
materials E.1.4.2 Packaging material lightweight ESG key performance indicators
reduction E3.1.6 Greenhouse gas emission intensity
133 134Appendix
Disclosure Chapter page number or Chapter page number or other descriptions Disclosure other descriptions
Environmental Environmental
Primary Secondary Tertiary indicators Primary Secondary indicators indicators indicators indicators Tertiary indicators
E3.2.1 Greenhouse gas emission Green and Circular Economy Resource and E.5.6.1 Emergency Response Plan for ESG key performance indicators；
Emission reduction intensity Products- Advancing the environmental Environmental Emergencies“Carbon Peaking and Carbon management Environmental Green and Circular Economy management E3.2.2 Greenhouse gas emission Neutrality” strategy; Practicing systems and compliance E.5.6.2 Violations in the field of the Products- Strengthening
Climate reductions low-carbon production measures environment environmental management
change
Green and Circular Economy Social
Climate risk E.3.4.1 Climate risk management Products- Feature: climate management change risks and opportunities S1.1.1 Corporate Recruitment Policy and
management Implementation ESG key performance indicators;
Recruitment and All-rounded Talent Cultivation-
Low-carbon Green and Circular Economy employment S1.1.2 Employee Structure Safeguarding employees’ rights
development goal E.5.1.1 Low-carbon development goal- Products- Advancing the and interestsS1.1.3 Avoidance of child or forced laborsetting and strategic setting and strategic measures “Carbon Peaking and Carbonmeasures Neutrality” strategy S1.2.1 Compensation Philosophy and
Policy
E.5.2.1 Water use management
Green and Circular Economy S1.2.2 Working hours and rest and Resource ESG key performance indicators;
management E.5.2.2 Material Use Management Products- Practicing low-carbon
Employee vacation
remuneration and All-rounded Talent Cultivation-
measures production; Promoting circular E.5.2.3 Energy use and energy benefits S1.2.3 Security of remuneration and Safeguarding employees’ rights economy
conservation management benefits and interests
S1.2.4 Democratic management of
Energy saving and employees
carbon reduction
statistics monitoring E.5.3.1 Energy saving and carbon
Green and Circular Economyreduction monitoring statistical Products- Advancing the S1.3.1 Employee Occupational Health and assessment / “Carbon Peaking and CarbonResource and Employees’ and Safety Managementreward / punishment reporting and assessment system Neutrality” strategy
environmental rights and systems
management interests
S1.3.2 Employee Safety Risk Prevention ESG key performance indicators;
Health and safety and Control All-rounded Talent Cultivation-
systems and E.5.4.1 cleaner production
measures S1.3.3 Responding to Safety Accidents
Strengthening intrinsic safety
E.5.4.2 Green technologies and recycling and Workplace Injuries
Green actions and E.5.4.3 Green Building Retrofits Green and Circular Economy S1.3.4 Employee Care and Support
measures Products
E.5.4.4 Green office and operations S1.4.1 Employee Incentive and
Promotion Policy ESG key performance indicators;
E.5.4.5 Green procurement and green Employee All-rounded Talent Cultivation-
supply chain management development and S1.4.2 Employee Education and Training Safeguarding employees’ rights
training and interests; Supporting
E.5.5.1 Environmental Management S1.4.3 Employee Career Planning and employee development
System Certification Job Change Support
Green and Circular Economy
Green/low-carbon E.5.5.2 Green Low Carbon Enterprise Products- Promoting circular ESG key performance indicators;
certifications Certification economy; Strengthening S1.5.1 Employee Satisfaction Survey All-rounded Talent Cultivation-
environmental management Employee satisfaction Safeguarding employees’ rights
E.5.5.3 Certification of Green and Low S1.5.3 Employee turnover and interests; Supporting
Carbon Products and Services employee development
135 136Appendix
Disclosure Chapter page number or Chapter page number or other descriptions Disclosure other descriptions
Social Social
Primary Secondary
indicators indicators Tertiary indicators
Primary Secondary
indicators indicators Tertiary indicators
S2.1.1 Policies and measures for S4.4.1 Industrial transformation
standardised manufacturing ESG key performance indicators;
Management All-rounded Talent Cultivation- S4.4.2 Rural revitalisation and regional Product safety and
quality S2.1.2 Quality management Strengthening intrinsic safety;
coordinated development ESG key performance indicators;
High Standard Solutions- Deliver Contribution Response to national S4.4.3 The Belt and Road and overseas Responsible Cooperations-
S2.1.4 Negative events for products or optimal services to society strategies responsibility fulfillment Promote win-win cooperation;
services Co-creating social value
S4.4.4 Industry characteristics and
S2.2.1 Customer satisfaction performance of other social
responsibilities
Product and S2.2.2 Customer complaints and ESG key performance indicators;
service Customer service and responses High Standard Solutions- Deliver
management rights optimal services Governance
S2.2.3 Customer information and
privacy protection G1.1.1 Governance strategy formulation Sustainable development
ESG key performance indicators; G1.1.2 Governance policy supervision
governance structure;
S2.3.1 R&D and innovation management Sustainable development
systems High Standard Solutions- Deliver Governance strategy
process
optimal services; Promote and process
strategy; Sustainable corporate
Innovative G1.1.3 Approval and review process of S2.3.2 R&D investment governance- Deepening
development technological innovation; governance policy corporate governance; Adhering
S2.3.3 Achievements in Innovation Sustainable corporate to the Party’s leadership
governance- Compliance G1.1.4 Party building leads
S2.3.4 Protection of intellectual property operation G1.2.1 Ownership Responsibilities
S3.1.1 Supplier selection and Governance G1.2.2 Organizational structure and
Supplier management ESG key performance indicators; strategy and functions of the Board of Directors the Responsible Cooperations- organisational ESG key performance indicators; management S3.1.2 Number and distribution of Organisational Board of Supervisors and the Promote win-win cooperation structure structure and Management Sustainable corporate suppliers functions governance- Deepening
Supply chain G1.2.3 Appointment procedures and corporate governance
safety and S3.2.1 Policies and measures in supply composition of the Board of Directors
management chain management the Board of Supervisors and the
Supply chain S3.2.2 Supply chain security assurance ESG key performance indicators; Management
management and contingency plans Responsible Cooperations- Promote win-win cooperation All-rounded Talent Cultivation-
S3.2.3 Significant risks and impacts Remuneration G1.3.3 Reasonableness of management Safeguarding employees’ rights
(supply chain) management remuneration and interests; Supporting
employee development
S4.2.1 Policies and measures in local ESG key performance indicators;
Prosperity with the community building Responsible Cooperations- G2.1.1 Internal Audit
Sustainable corporate
governance- Implement risk
community S4.2.2 Contribution and impact on local Promote win-win cooperation; Internal control G2.1.2 Structure mechanism and prevention and control;
Contribution communities
Co-creating social value process of internal control Compliance operation
Standardised
to society S4.3.1 Policies and measures to governance G2.2.1 Regulations and norms of
Social welfare participate in social welfare activities ESG key performance indicators; integrity construction Sustainable corporate
activities Responsible Cooperations-Co- Integrity building governance- Cultivating Integrity S4.3.2 Investment and performance in creating social value G2.2.2 Effectiveness of integrity Construction
social welfare activities construction measures
137 138Appendix
Disclosure Chapter page number or
GRI index
other descriptions
Social Table of contents GRI indicators system
Primary Secondary Introduction 2-1；2-2；2-3
indicators indicators Tertiary indicators
G2.3.1 Regulations and norms of fair Chairman statement 2-22
Standardised competition Sustainable corporate
governance Fair competition governance- Cultivating Integrity G2.3.2 Effectiveness of fair competition Construction Statement of the Board of Directors 2-12; 2-13; 2-14; 2-16; 2-17; 2-22
measures
Company profile
G3.1.1 Investor Relations Management Sustainable development issue About us 2-6
Investor relation Strategy analysis and materiality Corporate culture
management assessment- Stakeholders
Investor G3.1.2 Investor Communication communication
relation Sustainable development governance structure 2-12；2-13；2-17
management
and G3.2.1 Shareholders' Meeting (General
shareholders’ Meeting) Sustainable development issue Sustainable Sustainable development strategic 2-22
equity Shareholders’ G3.2.2 Shareholder Communication analysis and materiality
development framework
equity assessment- Stakeholders strategy
G3.2.3 Shareholders' right to know and communication
participate in decision-making Sustainable development
management progress and key 2-22；301-3
performance
Sustainable development issue
Information G4.1.2 Non-Financial information analysis and materiality
disclosure policy disclosure assessment- Stakeholders Sustainability Awards
Transparency communication
in Information Sustainable Stakeholder communicationdisclosure
Quality of information G4.2.1 Regular monitoring auditing and
development issue 2-1；2-29；3-1；3-2
disclosure evaluation of all disclosed information
Sustainable development analysis and
compliance and risk management governance structure
Sustainable development issue
assessment analysis
G5.1.1 Compliance operation system Deepening corporate governance
Compliance G5.1.2 Status of compliance system Sustainable corporate
2-9；2-10；2-16；3-3
operation development governance- Compliance Adhering to the Party’s leadershipoperation
Compliance G5.1.3 Specific process of compliance review Sustainable operation and
risk corporate
Cultivating integrity construction 2-25；2-26；3-3；205-2
management governanceG5.2.1 Risk identification and early Implement risk prevention and
warning Sustainable corporate control 3-3
Risk management G5.2.2 Risk control and tracking governance- Implement risk prevention and control
G5.2.3 Risk reporting and management Compliance operation 2-27；3-3
139 140Appendix Feedback
Table of contents GRI indicators system FeedbackAdvancing the “Carbon Peakingand Carbon Neutrality” strategy 302-4；305-5
Dear readers
Strengthening low-carbon
production 3-3；302-5 Thank you for reading this report. To improve the ESG management and better meet your expectations we expect your valuable feedback and suggestions.Green and circular Promoting circular economy 3-3；301-1；302-5；303-1；306-4；306-5 Please fill in the following information which will be kept confidential:economy products
Name: Unit/Occupation:
Strengthening environmental 2-27；3-3；303-1；303-2；306-1；306-2；
management 417-1 Tel: Email:
Feature: climate change risks and Address:3-3；201-2 Postcode:opportunities management
High standard Deliver optimal services Closed questions
solutions 3-3
1. Are you satisfied with this report as a whole
Promote technological innovation 3-3 □ Yes □ No □ Neutral
Develop new productive force 203-1；413-1 2. Is all the information you are concerned about available in this report through green transition
□ Yes □ No □ Neutral
All-rounded talent Strengthening intrinsic safety 2-18；3-3；403-1；403-2；403-5；403-6；
cultivation 403-7；403-8 3. Do you think this report faith fully presents BNBM’s ESG work as well as the impact on stakeholders
□ Yes □ No □ Neutral
Safeguarding employees’ rights
and interests 2-18；2-19；2-20；2-30；3-3；404-3 4. Can you easily locate the information you are concerned about in this report
Supporting employee development 3-3；201-3；401-2；404-2 □ Yes □ No □ Neutral
Responsible industry Promote win-win cooperation 5. Are you satisfied with the layout and design of this report
collaboration 3-3；308-1
□ Yes □ No □ Neutral
Co-creating social value 203-1；413-1 Open questions
2-7；301-1；301-2；301-3；302-1；302-2； 1. Which aspect of this report are you most satisfied with
ESG key performance 302-3；303-5；305-1；305-2；305-4；306-3；
indicators 306-5；308-2；401-1；403-9；404-1；405-1； 2. What do you want to know more about BNBM
3. Do you have any suggestions for our future ESG work/social responsibilities and ESG reporting
141 142Beijing New Building Materials Public Limited Company (BNBM)
Address: Building A Beixin Center Future Science City Beijing China
Tel： 010-57868888
Fax： 010-57868866
沪公网安备31011802005267号
