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People's Daily Online>>China Business

China needs more CSR practices

(China Youth Daily)

16:53, November 15, 2011

Edited and Translated by People's Daily Online

Beijing, Nov.15 (People's Daily Online) --According to recently released corporate social responsibility (CSR) reports, only 96 of all the 531 listed companies meet the quality standards, accounting for more than 18 percent of the total.

Among the 96 reports, 47 are excellent reports. The remaining 435 reports that failed to meet the minimum quality standards make up nearly 82 percent of the total, according to the recently issued China Corporate Social Responsibility 2011.

Among the 531 CSR reports, 482 are separate independent reports. Most listed companies in China disclosed much quality information on the management of responsibility as well as about employees and clients and little information on participation in public and community services.

In addition, they disclosed extensive yet relatively low-quality strategic information and the least amount of information on their financial performance, which was unbalanced and lacked certain key performance indicators.

The evaluation standards of the CSR reports were defined by the Chinese Academy of Social Sciences and the Research Center for the Corporate Social Responsibility of China's Listed Companies.

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