< PreviousProduct Safety Design At NIPSEA Group, we place great importance on adhering to both internal and external health and safety regulations, and continuously leverage technological advancements to enhance product performance. We abide by the entire life cycle of the product management and safety evaluation process, with compliance management overseeing the entire process from product design to application, ensuring each link in the production process, from raw materials to waste management, follows a specific process. We take feedback and inquiries from our stakeholders seriously and make necessary adjustments to our technology and production process to meet actual situations and objective needs. We are committed to making continuous progress in compliance in the future. Morgan Stanley Capital International (“MSCI”) highlighted the need for improvement in the controls of chemicals of concern (“COC”) last year, while the International Agency for Research on Cancer (“IARC”) has recently classified hexavalent chromium as a category 1 carcinogen, with the potential to cause lung cancer and nose, throat, and lung irritation. Prolonged exposure to hexavalent chromium can even lead to ulcers and perforation of the septum. In response to these developments, NIPSEA Group took immediate action by convening technical teams from multiple countries, regions, and businesses to identify substances of high concern in our products across different countries and compare them against international regulations. We then determined a priority list of substances that needed to be controlled. During our investigation, we found lead and hexavalent chromium in our products in Vietnam, India, Turkiye, Thailand, the Philippines, and Malaysia. As a result, NP Thailand has banned SUPER BECKAMINE/AMIDIR L-117-60, while NPAC has successfully found an alternative to Dioctyltin Oxide (“DOTO”) with the assistance of our colleagues in Japan. We are committed to continuously improving our products and processes to meet the highest health and safety standards for the benefit of our customers, employees, and the environment. 70When it comes to our products and services, ensuring customer health and safety is always our top priority. We closely monitor the laws and regulations of the regions where we operate and formulate group policies accordingly. In addition, when customers have specific needs, we promptly investigate the mainstream market direction and tailor our products to meet their requirements while also striving to protect the environment and human welfare. We believe in providing our customers with high-quality products that not only meet their needs but also exceed their expectations in terms of safety and performance. Phase-out of Lead-chromate Pigments in Coil Coatings In 2022, many countries and areas imposed highly strict restrictions on the use of lead chromate pigments in coil coatings, particularly lead chrome yellow and Molybdate orange, due to their harmful effects on health and the environment. At NIPSEA Group, the chromate-free policy from our key customers has made it a top priority to develop and launch environmentally friendly solutions for the existing colours that fully consider performance and cost. As a result, we have successfully developed 5 pigments to phase out lead-chromate pigments in coil coatings in China. The flexible combination of this pigment portfolio has addressed the long-standing challenges of reproducing colour hue, colour saturation, and heat resistance of lead-chromate pigments. We are committed to providing our customers with high-quality, safe, and eco-friendly products while also protecting the health and well-being of our employees and the environment. We are committed to making significant contributions to human health, product safety, and the environment and strive to continually improve our practices. We conduct internal audits every year to ensure that our practices align with international standards and best practices. We also provide technical support and health and safety advice to our stakeholders, including suppliers, carriers, distributors, and customers. Furthermore, we value and seek feedback from them to ensure that their concerns are addressed in a timely manner. HEALTH AND SAFETY IMPACT ASSESSMENTS WERE CONDUCTED ON 99.5% OF SIGNIFICANT PRODUCTS AND SERVICES DELIVERING SAFE AND HIGH QUALITY PRODUCTS 71CHAPTER 8 APPENDIXNIPPON PAINT HOLDINGS SINGAPORE PTE LTD, 1 KIM SENG PROMENADE #10 04 05 06 GREAT WORLD CITY EAST TOWER, SINGAPORE 237994Next >