Beijing SASAC promotes SOEs to fulfill CSR

 State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality (Beijing SASAC) published the Guiding Opinion on Fulfilling Social Responsibilities of Beijing State-owned Enterprises(hereafter referred to as the “Opinions”) on October, 2016.

 
The Opinions identifies five principles for Beijing state-owned enterprises (SOEs) to fulfill social responsibility. The five principles are about sticking to fulfill social responsibility with the following aspects: taking political and economic responsibility; implementing economic growth philosophy driven by innovation, coordination, green development, openness and sharing; deepening the reform of SOEs; improving governance and strengthening management and based on the Beijing actual condition, industry characteristics and business function.
 
The Opinions puts forward three goals: by 2020, social responsibility management system of Beijing state-owned enterprises will be further improved; the capacity of fulfilling CSR will be efficiently enhanced; the enterprise influences and leadership will be significantly boosted.
 
Based on the social and economic development of Beijing, the Opinions clarifies ten elements and five measures on fulfilling social responsibility:
 
Ten elements
 
1 Serving the capital development
 
2 Improving innovative capacity
 
3 Protecting ecological environment
 
4 Insisting on improving quality and quantity
 
5 Operating according to law and with integrity
 
6 Improving product quality and service
 
7 Focusing on fulfillment of CSR overseas
 
8 Strengthening safety management
 
9 Caring for employee development
 
10 Engaging in public welfare
 
Five measures
 
1 Strengthening awareness of social responsibility
 
2 Increasing practices of social responsibility
 
3 Innovating social responsibility communication ways
 
4 Establishing and improving social responsibility reporting system
 
5 Exploring social responsibility indicator system
 
The Opinions saves social responsibility report as part of Directors’ working report in enterprises and lists it into the evaluation of the board of directors by the Beijing SASAC.