Multinational companies are taking on more corporate social
responsibility in China, according to a report released on Friday
by the Transnational Corporation Research Center under the Ministry
of Commerce.
It said that many such firms had brought to China not only
capital, technology and management, but also a sense of social and
environmental awareness.
"It (strengthening social responsibility) has been a global
trend among large companies in the past few years," said Wang
Zhile, the center's director.
Wang said that the awareness of corporate social responsibility
was extended to China in a range of ways.
Multinational firms imposed the same rules on their branches in
China, keeping strict policies on key issues such as security and
the environment, he said.
They also passed on the awareness of social responsibility to
their suppliers in China.
Wang added that some companies have helped to increase the
export standards of Chinese products.
The European Union drew up two "Green Directives" in 2003. They
restrict the use of certain materials harmful to the environment in
electronic products and stipulate that producers recycle and
dispose of electric waste in an environmentally friendly way.
Chinese enterprises have to abide by these rules if they want to
enter the global market, Wang said.
According to Yi Xiaozhun, assistant minister of commerce, the
Chinese Government is working on standards for corporate social
responsibility for domestic companies.
In fact, Wang said, a number of large State-owned and private
companies in China, such as Baosteel Group and Mengniu, have
already taken action in this area, issuing reports on social and
environmental responsibilities.
(China Daily February 18, 2006)