【Top 10 CSR Events in China】No.05 China SASAC issues Guiding Opinions on Better Fulfilling Social Responsibilities of State-owned Enterprises

 

On July 1, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) issued Guiding Opinions on Better Fulfilling Social Responsibilities of State-owned Enterprises. The Opinions identifies three principles for SOEs in fulfilling social responsibilities: focusing on sustainable development, reconciling CSR with corporate reform and development, and integrating CSR into business operation.
Reason for listing:
The Opinions is remarkable for its milestone significance on promoting SOEs CSR fulfillment. With broader range, farther direction, deeper thought, specific goals, systemic content and flexible approach, the Opinions provides feasible guidelines for SOEs to enhance responsibility competitiveness and realize sustainable development. The Opinions will undoubtedly play an important role in deepening SOE reforms, promoting SOEs to go global and strengthening implementation of Belt and Road Initiative. It will help SOEs take in the “commanding heights” of global enterprise management and development, and strengthen their confidence in Chinese-style path, socialist theory and socialist system. 
Related events:
1. On October 14, the Guiding Opinions on Fulfilling Social Responsibility of Beijing Municipal SOEs was published by the State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality. It proposed five basic principles, three goals and ten items in SOEs social responsibility fulfillment in Beijing.
2. In November, the 13^th Five-Year Plan for Economic and Social Development for Central SOEs was officially issued, which proposed to build five types of enterprises: Internet-based, platform-based, service-oriented, brand-oriented and responsible enterprises.