New CSR report raises controversy
- Source: Global Times
- [00:33 December 22 2009]
- Comments
By Chen Yang
State-owned enterprises perform better than private and multinational companies in corporate social responsibility (CSR), according to a report released by the Chinese Academy of Social Sciences (CASS) Sunday, but analysts registered doubts as to the report's methodology and results.
The report includes 100 top State-owned companies, 100 top private companies and 100 top multinational companies. The 300 companies were evaluated for their responsibility management, market responsibility, social responsibility and environmental responsibility. CASS compiled its report on the basis of information released by the companies, including their CSR and annual reports.
On a scale of 100 points, the 300 companies in the report averaged 20.2 points. State-owned companies averaged 30.6 points, while private companies only averaged 17.9 points.
"These indexes mean that most companies' CSR level is still low and their CSR development is at a preliminary stage," said Zhong Hongwu, director of the Research Center for CSR at CASS.
Among 300 companies, only 14 companies got over 60 points, including 12 State-owned companies such as State Grid Corporation of China, China Datang Corporation and China National Petroleum Corporation, as well as two private companies, Legend Holdings and Ping An Insurance, the report said.
A total of 179 companies received below 20 points, including 79 multinational companies. Sportswear giants Adidas, Nike and IT giant Microsoft got the lowest points of the 300 companies.
