According to the State Administration of Emergency Management, the release of a "blacklist" for companies that violate safety regulations will now be formalized and carried out on a regular basis. Starting from the first month of each quarter, the names of companies that violated safety laws in the previous quarter, along with relevant details about their production safety records, will be officially published. This move aims to increase transparency and hold companies accountable for their actions.
Officials from the administration stated that this information will be shared with the State Council and local safety authorities, serving as a key reference when making decisions on new project approvals, land use permits, securities financing, and bank loans. Companies on the blacklist may face stricter scrutiny and limitations in accessing these essential resources, reinforcing the importance of compliance with safety standards.
Previously, the "blacklist" was only issued sporadically in certain industries, but the new policy marks a more systematic approach to enforcing corporate responsibility in safety management. The goal is to encourage better safety practices across all sectors and reduce the risk of accidents and violations.
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