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Article featured in Business Beijing, March 2007
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CNPC Release Corporate Social Responsibility Report

2007/03/13

CNPC Releases Corporate Social

Responsibility Report

Oil giant China National Petroleum Corp (CNPC) released its first corporate social responsibility (CSR) report on March 1, 2007, according to a report of the South China Morning Post quoted by the China Economic Review. The 69-page report gave details of CNPC's achievements in workplace safety, environmental protection, greenhouse gas reduction, clean energy development and social welfare. CNPC—the parent of internationally listed PetroChina—is said to be the fourth State-run firm to issue a CSR report, which is published separately from annual financial reports, as Chinese companies look to align themselves with international corporate practices. The other companies that have produced reports are Baosteel Group, State Grid Corp and China National Offshore Oil Corporation.

 

Private Sector Development Programme Concludes

The Department for International Development (DFID) of the British Embassy celebrated the achievements of its decade-long Private Sector Development Programme in China, which is closing, even as it launched its Reducing Poverty through Private Sector Development publication at Kerry Centre on February 7, 2007.

The DFID will continue to collaborate with the International Poverty Reduction Center in China, which will include using key lessons learnt from China’s huge economic success, especially in its private sector and drawing on the Programme, in training for officials and policy makers in other developing countries, particularly in Africa.

From 1999 to 2007, DFID provided US$62 million in a broad-based six-project private sector programme. A series of activities were conducted ranging from formulating policy recommendations to improving access to finance for small and medium-sized enterprises; training business advisors to fostering linkages between thousands of small dairy farmers; and from conducting market surveys to teaching people how to launch new businesses.

Quality Controls on Auto Exports Set for Debut

A quality control licensing system for car exporters was launched in China on March 1, 2007, that could force underperforming automakers out of the market, according to a report of the South China Morning Post quoted by the China Economic Review. The government, which announced the system at the end of 2006, has yet to give further details on how it will operate, but reports suggest that the system will help create national auto stalwarts, a goal featured in the 11th Five-Year Programme. Car exporters who do not qualify under the plan may end up being sidelined in the home market as well. China exported 342,400 vehicles in 2006, up 98 percent on 2005, according to the China Association of Automobile Manufacturers.

 



 
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