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Corporate Social Responsibility & Sustainability in China

Corporate Social Responsibility in China

China CSR Rank 2009 Released In Beijing

September 25, 2009
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Business & Society

The China Corporate Social Responsibility Rank 2009 was formally released at a symposium in Beijing organized, amongst others, by the China CSR Research Center.

The symposium ranked the top 100 companies for CSR and gave 15 cases of good CSR practice, and 15 cases of bad CSR practice.

The State Grid Corporation of China; China COSCO; Haier Group; Huaneng Group; Industrial and Commercial Bank of China; China Telecom; Shenhua Group; Baidu.com; and China Mingsheng Bank are all in the Top 100 Companies Rank.

In addition, 15 case studies, including Haier's "One Gold Medal, One Olympic Hope School", State Grid's "Emergency Power Supply for Disaster Areas", China COSCO's "Environmentally-friendly Petroleum Saving Program", and China Aerospace Science & Industry Corp's Eight Major Responsibilities Program, have been accredited as good CSR practices. While 15 others, including the Sanlu Group melamine scandal and the Ciwujia Injection incident at the Wandashan Pharmaceutical Company have been shown up as bad practice.

According to a report from the China CSR Research Center, there are still such problems as a lack of social responsibility and an inadequate understanding of the importance of CSR among Chinese enterprises. And out of a total of 10 million companies in China, no more than 100,000 have fulfilled their charity obligations or made any donations.

Tags: Baidu, Beijing, China COSCO, China Mingsheng Bank, China Telecom, Ciwujia Injection, COSCO, CSR rank, Haier, Haier Group, Huaneng Group, Industrial and Commercial Bank of China, melamine, Sanlu, Shenhua Group, State Grid Corporation of China

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