Keyword: Corporate Social Responsibility

Tencent presents its efforts against COVID-19 at UN conference

Tencent presents its efforts against COVID-19 at UN conference

Tencent shared its “China Plan” to fight the coronavirus pandemic during an online UN conference on July 1st. The conference, with the theme of  “How to Make use of Information, Technology and Digital Government to Innovatively Fight Against COVID-19 – Africa’s Response Plan”, was organised by the Department of Economic and Social Affairs of the UN. According to the Chinese tech giant’s presentation during the conference, in Hubei province many hospitals use CT equipped with Tencent’s AI technology to complete AI pattern recognition in times ranging from two seconds to one minute, which can provide doctors with auxiliary diagnostic reference. Tencent Cloud currently also provides free access to batch GPU cloud servers to assist …read more

Ai Luming sets up a 5 billion Yuan fund to support SMEs in Hubei

Ai Luming sets up a 5 billion Yuan fund to support SMEs in Hubei

Ai Luming, the founder and chairman of the Wuhan Contemporary Group and the chairman of the SEE Foundation (阿拉善公益基金会), has announced the establishment of a 5 billion Yuan fund dedicated to supporting small and medium-sized enterprises in Hubei province. Mr. Ai presented his project during the “2020 Phoenix Network Finance Cloud Summit” on May 11. The summit, organized by IFeng Finance, Shanghai Jiaotong University, Shanghai Advanced Finance Institute, and Peking University’s National Development Institute, was themed “Global Economy and Policy Choice”. Mr. Ai explained that during the Covid-19 pandemic, individuals, businesses and society all need to think about the future and how to develop better. For this reason he has established the fund with his partner companies …read more

ByteDance donates an additional 30 million yuan to the Chinese Red Cross

On April 26, ByteDance (a Chinese tech company whose products include the Toutiao (今日头条) and TickTok (抖音) apps, which have won great popularity), announced an additional donation of 30 million yuan to the China Red Cross Foundation ByteDance Medical Workers Humanitarian Relief Fund (中国红十字基金会字节跳动医务工作者人道救助基金). The total medical aid fund now amounts to 436 million yuan. The ByteDance Medical Relief Fund was established on January 25, 2020 by Byte Beat donating 200 million yuan to the China Red Cross Foundation. In February the fund donated an addition 50 million, and this week’s donation represent a second addition. The reason for the further donation is that funding applications submitted by medical personnel on the …read more

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” (梨视频) 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” (北京责任展) 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 (秘书处所在地 社会企业与影响力投资论坛). 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(北京惠泽人公益发展中心)was recently invited to provide a two-day professional volunteer training program, named the iVolunteers College (i公益大学), 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 (安行志愿联益会), 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