China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters (中国五矿化工进出口商会) (“CCCMC”) and Halcyon Agri Corporation Limited (“Halcyon Agri” and collectively with its subsidiaries, the “Group”) are joining forces to foster sustainable development for natural rubber.
Pursuant to the Memorandum of Understanding entered into between Halcyon Agri and CCCMC, CCCMC will assess Halcyon Agri’s policy, procedures and practices against CCCMC’s Guidance for Sustainable Natural Rubber (the “Guidance”) and international best practice.
CCCMC will also assist to develop practical and systematic solutions to improve Halcyon Agri’s sustainability systems and practices, with the objective of advocating Halcyon Agri’s development toward sustainability as industry reference. Halcyon Agri operates its own integrated natural rubber supply chain, and has control over how its natural rubber is grown, sourced, produced, and distributed. CCCMC seeks to identify the applicability of its Guidance and implementation tools from this exercise, to build a sound foundation to provide standards and tools for natural rubber companies more widely.
Robert Meyer, CEO of Halcyon Agri, commented: “China has long been the preeminent investor in the Natural Rubber sector. I am delighted that CCCMC has taken the global lead towards developing sustainability standards and promoting sustainable practices. As a subsidiary of Sinochem International Corporation, Halcyon Agri is committed to forging new pathways for the natural rubber industry, and to developing a business model that is truly sustainable.”
Jiang Hui, Chairman of CCCMC, commented, “CCCMC provided support for many multinational enterprises towards sustainable governance and has accumulated rich practical experience for many years. As a global leading natural rubber enterprise, Halcyon Agri is putting a high value on the implementation of sustainable development policy, and continuously taking action for improvement. For the cooperation, CCCMC will maximise its professional advantages, further promote Halcyon Agri’s big step forward in sustainable governance, and endeavour to set an excellent example for the global natural rubber industry.”
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