Industrial federation preaches social responsibility

16:45, May 27, 2010      

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China Federation of Industrial Economics (CFIE) released a guideline on social responsibility for industrial enterprises yesterday, which will promote the influence and prestige of responsible enterprises.

CFIE also released an assessment on social responsibility reports issued by 28 enterprises at the meeting, which more than 10 national industrial associations attended.

Enterprises, including State Grid, the Baosteel Group and Shenyang Machine Tool Group, issued social responsibility reports for 2009 at the meeting, which covers more than 10 industries including steel, machine and electric power.

Insiders said this meeting aims at building a long-term system of social responsibility reports that holds industrial enterprises accountable. This will ensure social duty is enshrined at the managerial level of enterprises and industrial associations and will advance China's economic, social, and environmental development in a comprehensive, coordinated and sustainable way.

It is believed that the regular social responsibility report system will urge enterprises and industrials to fulfill their social responsibility and shape an open and transparent self-discipline and social regulation mechanism.

By People's Daily Online

(Editor:祁澍文)

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