Sustainability

Our company values, respect, equality, and responsibility, are reflected in our corporate policies and serve as guidelines for our various committees when approaching ESG reporting and disclosure. We aim to incorporate ESG factors and responsible business practices into all aspects of the company and operate as transparently as possible.

As of March 31, 2021, Silvercorp’s Board consisted of five directors, four of whom are independent under the applicable securities laws. The Company assesses nominees against certain criteria such as experience and knowledge of the Company and its operations, ethics and integrity, competency, and diversity. The Board, with its extensive experience, oversees the Company’s strategic development, key risks, and long-term development. The Board also considers and approves major decisions, supervises business operations, and evaluates the Company’s performance. In exercising their powers and discharging their duties, the directors are required to act honestly and in good faith with a view to the best interests of the Company, and to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. Each director is appointed for a term of one year at the annual general meeting of shareholders and committee memberships are re-constituted after each annual general meeting.

In Fiscal 2021, Silvercorp established an ESG Management Center in Beijing, headed by Vice President Mr. Lichang Peng. The ESG team works to develop the Company’s sustainability plan and implement and coordinate key tasks. The specific functions include: following ESG-related policies and regulations and evaluating the completeness and effectiveness of the Company’s ESG policies and systems; identifying ESG risks and opportunities and formulating management policies and plans; organizing the preparation of sustainability reports and other ESG disclosure documents. Silvercorp's Board oversees the Company's sustainability-related policies, strategies, and performance. A separate Sustainability Committee is being established for Fiscal 2022 to oversee the Company’s work related to ESG performance and initiatives, to provide guidance on assessing ESG risks and opportunities, and to review the annual sustainability reports, among other responsibilities. The establishment of this committee will not only strengthen our ESG performance but will also assist in implementing our sustainability strategy moving forward.

For more information regarding our board members, committees, or policies, please see our Information Circular here, click here, or visit the Governance page.

Anti-Corruption Policy Whistleblower Policy Code of Conduct & Ethics Corporate Disclosure Policy Sustainability Committee Charter

Each year, Silvercorp conducts a companywide risk or materiality evaluation in order to identify the critical material issues associated with our operations. This evaluation helps us analyze the risks and identify key issues for our stakeholders, reporting, and future targeting. This evaluation also aids in informing our overall sustainability strategy and the creation of our materiality matrix.

Stakeholders' trust and support are pivotal to Silvercorp's sustainable development. We continue to optimize stakeholder engagement mechanisms to drive high-quality and sustainable development that balances economic growth, environmental protection, and social harmony. In Fiscal 2021, we identified, assessed, and prioritized our top sustainability topics based on input collected from stakeholders through questionnaires, and identified a range of ESG risks with material impacts for all stakeholders. The process resulted in a materiality matrix that illustrates how each sustainability issue ranked regarding its “impact on the Company's sustainable development” and “significance to stakeholders.” The results of this materiality assessment have been reviewed and confirmed by the ESG Management Center and the Board.

For more information on our approach to risk management and stakeholder engagement, click here.

The key identified issues, or topics of interest included in our matrix are as follows:

At Silvercorp, we strive to find innovative ways to achieve excellence in all areas of our Company. In Fiscal 2022, Henan Found and Guangdong Found successfully passed: 1) the Quality Management System Certification, 2) the Occupational Health and Safety Management System Certification, 3) the
Environmental Management System Certification, and 4) the Energy Management System Certification. The certifications certify that Silvercorp’s operation and management meet the requirements of the ISO series of international standards. They reflects Silvercorp vision, mission and values as a company, and Silvercorp’s continuous efforts to achieve excellence. Silvercorp is honored to be the recipient of the following awards: