Keyword: Corporate Social Responsibility

Verna Lin: Pushing ESG Disclosure to Further Advance the Global Sustainability Agenda

Verna Lin: Pushing ESG Disclosure to Further Advance the Global Sustainability Agenda

Verna Lin, the Head of GRI’s Regional Hub for the Greater China Region, spoke to CDB on the sidelines of the 2020 CRO Global Summit to share her views on ESG disclosure in the region.

Summit reviews the ten major trends of CSR in 2020

On January 9th, the?2020 CRO?Global Summit was held in Shanghai by SnyTao, an independent Chinese consultancy promoting corporate social responsibility (CSR). During the summit Guo Peiyuan, the director of board and co-founder of SyncTao, listed what in his view are the ten major trends of CRS in 2020. We have summarized them below. Trend?1 A new starting point: winning the “three?tough?battles” and preparing for the 14th Five-Year Plan Year 2020 is the starting point for much important work; for example, waste-sorting rules will be implemented in 46 cities of Mainland China; the state requires the development of a?zero-waste city construction index system; an ESG (Environmental, Social, Governance) report guidance will …read more

First blue book of sustainable development value assessment released

First blue book of sustainable development value assessment released

On January 4, the 2020 Finance and Economics Sustainable Development Summit Forum and evergreen award ceremony was held in Beijing, sponsored by the Caijing magazine and supported by the China Fund Strategic Cooperation and the China Alliance of Social Value Investment (CASVI). During the forum, CASVI’s “Blue Book Report on the Sustainable Development Value Assessment of A-listed Companies 2019” was officially released. Zhan Xiaoning, editor in chief of the Global Investment Report of the United Nations and director of the Investment and Enterprise Department of the United Nations Trade and Development Organization, Ma Weihua, former president of China Merchants Bank and chairman of CASVI, and more than 500 leading experts, …read more

Controversy over the Shuidichou fundraising platform

The crowdfunding platform Shuidichou has become embroiled in controversy once again. On November 30, the video-sharing website known as “Pear Video” (梨視頻) published a seven-minute expose’ of the company’s practices. Filmed in secret, the video revealed that promoters providing offline services for Shuidichou intentionally guided the?relatives of hospital patients to launch dishonest fundraising drives in order to receive a percentage of the profits. The promoters?failed to check, or even concealed, the property status of the people asking for help, filled in the final target for the donations at will and neglected to ascertain?the purpose of the donations. The video immediately aroused public concern, given that Shuidichou is one of China’s …read more

CASS releases blue book of corporate social responsibility for 2019

The Chinese Academy of Social Sciences (CASS) has released the “Blue Book of Corporate Social Responsibility 2019”. The press conference for the Blue Book’s release was held alongside the second “Beijing Responsibility Exhibition” (北京責任展) on the 17th of November. The occasion was organized by the Institute of Economics of the Chinese Academy of Social Sciences and the China Social Responsibility 100 Forum. This is the eleventh consecutive year that the CASS research team releases the “Blue Book of CSR”, which has become the most authoritative and influential social responsibility research report in China. It systematically analyzes the top?100 state-owned enterprises, the top 100 private enterprises, the top?100 foreign companies, and …read more

He Daofeng receives Global Outstanding Social Entrepreneur Award

The Global Outstanding Social Entrepreneur Award was presented to He Daofeng, the former Executive President of China Foundation for Poverty Alleviation (CFPA), at the Global CSR Summit held by Global CSR Foundation (GCSRF) in New Yok on 15th October 2019.

Forbes releases 2019 China Philantropists List: Xu Jiayin ranks first, Jack Ma takes third place

Forbes has released its annual China?Philanthropist List for the thirteenth time. The total cash donations of the 100 entrepreneurs (or enterprises) on the list amount to 19.17 billion yuan, 10.7% more?than last year’s 17.31 billion yuan, and the highest value of the past seven years. The threshold to enter the ranking stands at 18 million yuan, the highest in history, compared to last year’s 13 million yuan. The list includes 48 entrepreneurs who donated more than 100 million yuan, with total donations of 17.09 billion yuan between them, accounting for 89% of the total. Xu Jiayin, the chairman of Evergrande Group, topped the China Philanthropist List for the fourth consecutive …read more

Doing Corporate Responsibility in China - an Interview with Lan Lan, PwC

Doing Corporate Responsibility in China – an Interview with Lan Lan, PwC

PricewaterhouseCoopers’ senior manager for corporate responsibility in China talks about the multinational’s efforts to strengthen the NGO sector in this exclusive interview with CDB.

COFCO raises $2.1 billion in China's first sustainability loan

COFCO raises $2.1 billion in China’s first sustainability loan

On July 16 COFCO International, the overseas trading division of China’s biggest food company, announced that it has signed an agreement with a consortium of 20 banks to obtain a a three-year sustainable development loan of $2.1 billion. This ranks as the largest ever sustainable development loan in the commodity trading industry, and the first of its kind for a Mainland Chinese company. It is understood that the interest rate of the loan will be linked to the company’s sustainable development, defined as the environmental, social and corporate governance performance as assessed by Sustainalytics (a leading provider of ESG research). This mechanism will increase the traceability of agricultural products, with …read more

AVPN's annual conference held in Singapore with a focus on impact investment

AVPN’s annual conference held in Singapore with a focus on impact investment

The Asian Venture Philanthropy Network (AVPN) held its annual conference in Singapore on June 25-28. AVPN is a network of funders based in Singapore whose goal is to build up a vibrant social investment community across Asia. It describes itself as a “leading ecosystem builder that is increasing the flow of capital into the social sector and ensuring that resources are most effectively deployed”. CDB was lucky enough to be able to attend the conference as a media partner, at AVPN’s invitation. AVPN’s annual conference?has been held every year since 2013, and has now reached its seventh edition. It is considered to be the largest social investment conference in the …read more

China’s charitable trusts growing rapidly in 2019, report reveals

Since the beginning of 2019 charitable trusts have developed rapidly in China. Compared to traditional charities, trust companies enjoy certain advantages when taking part in charitable activities, especially in terms of?how they can manage their charitable capital and assets. As an innovative?service?within the trust industry, creating a charitable trust has become an important direction of development for more and more trust companies. According to data from the National Charity Information Platform, in 2019 53 charitable trusts belonging to 27 trust companies have been registered so far, with newly added property adding up to over 250 million yuan. Charitable trusts have been expanding in China for quite some time. According to …read more

Polluting industrial zone turned into scenic spot, with 215 Transformers statues made from scrap steel

Polluting industrial zone turned into scenic spot, with 215 Transformers statues made from scrap steel

Editor’s Note The following is an abridged and adapted translation of an article produced by the SEE Foundation (阿拉善) and published by the?China Social Enterprise and Social Investment Forum (秘書處所在地?社會企業與影響力投資論壇). It describes various social responsibility projects undertaken by steel manufacturing company Delong Holdings.?The article focuses particularly on Delong’s industrial zone, in Xingtai, Hebei Province, which has now been turned into a tourist attraction with 215 Transformers statues made out of scrap steel.   Delong Steel is one of China’s top 500 manufacturers. It has factories in Xingtai, Baoding, and other cities which are all among the most polluted in the country. Attention tends to focus on the steel industry every …read more

Alibaba releases its corporate social responsibility report for 2019: the green economy takes the lead

June 5 is World Environment Day. This year, in order to mark the occasion, Alibaba and the United Nations Environment Programme started a series of online environmental protection activities on June 1, allowing the public to take part in over 80 kinds of environmental protection activities, such as planting non-commercial trees and recycling boxes, through Alibaba’s 20 apps. According to estimates, individual members of the public took part in these activities nearly 900 million times. As Alibaba’s recently released corporate social responsibility report for the fiscal year of 2019 shows, the Chinese tech giant is taking the lead in creating a sustainable green development mode in many areas, such as …read more

Highlights from the 2018 State of China’s Marine Ecological Environment Report

The ”2018 State of China’s Marine Ecological Environment Report” was officially released by China’s Ministry of Ecology and Environment on May 29.?Following are some important findings and highlights from the report. The report shows a general improvement in ocean health in most categories, including the overall national ocean ecosystem. However, the water quality of river water flowing into the ocean is “not optimal” and coastal areas remain severely polluted. Overall marine water quality has improved since 2017. The total area of “low level four” quality ocean water, the most polluted category, has decreased by 450 square kilometres. Ocean water rated “good quality” has increased to 6.7% of the total ocean …read more

Huizeren offers companies training on volunteering

Huizeren offers companies training on volunteering

The?Beijing Huizeren Volunteering Development Center(北京惠澤人公益發展中心)was recently invited to provide a two-day professional volunteer training program, named the iVolunteers College (i公益大學), for the staff of Yuxintai (禹欣泰), a large company from Jinan, Shandong Province. The topic of the training was “volunteer service innovation during the time of enterprise transformation”.?The training started with the founding of the Anxing Volunteers Association (安行志愿聯益會), composed of 400 members of staff of Yuxintai, on the 18th of March, 2019.? On the morning of the first day, Zhai Yan, the chairman of Huizeren and Ye Ying, the principal of the iVolunteers College, shared general knowledge and cases on voluntary service. With the help of games, case studies …read more

Gao Chuanjie: Charitable trusts are not exclusively for the wealthy

Gao Chuanjie: Charitable trusts are not exclusively for the wealthy

In this translated article, academic and former high-ranking official Gao Chuanjie discusses the development of charitable trusts in China, and three challenges that they face.

Xu Jiayin tops the Forbes China Philanthropist List for the third time

Xu Jiayin tops the Forbes China Philanthropist List for the third time

On the 31st?of July Forbes published the 2018 China?Philanthropist?List; the Evergrande Real Estate Group’s Chairman of the Board, Xu Jiayin, topped the list with cash donations of 4.21 billion RMB, making up a quarter of the total donations ranked. This is the third year the real estate mogul has topped the list, after being ranked first in 2012 and 2013. (the top 10 of the 2018 Forbes China Philanthropist List) The Forbes China Philanthropist?List has now been published for twelve years. The sum of the total cash donations of the 100 entrepreneurs in this year’s list comes up to 17.31 billion RMB, which compared to last year’s 10.38 billion RMB …read more

Alibaba releases figures for donations by online shop owners in 2017: 246 million Yuan went to philanthropy

Alibaba releases figures for donations by online shop owners in 2017: 246 million Yuan went to philanthropy

The Alibaba Group has released the records of the charitable donations made by the owners of online stores on Alibaba’s platform during 2017. In the course of the year, 1.78 million such stores made donations for as much as 246 million yuan. Since 2012, the number of stores has increased by 16.4 times, and the amount of donations by 31 times. 350 consumers made their contributions by buying ‘philanthropic products’ (the profits of which partly go to charity), and each made 17 such purchases on average. 6,500 shops gave away over 3% of their total revenue. The owners can receive their charity report for 2017 by logging into Qianniu, a …read more

今期福彩3d字谜总汇