CASS blue book stresses corporate social responsibility to enterprises
Global Times | 2013-11-15 1:43:01
By Global Times
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Chinese Academy of Social Sciences (CASS) released a blue book on Thursday stressing the importance for enterprises to shoulder corporate social responsibility (CSR).

The blue book on corporate responsibility showed, through the index of China's CSR, that China's CSR building was still at the beginning stage, and over half of the enterprises did not carry out their responsibility.

The book pointed out that the CSR index of the State-owned enterprises was higher than private companies and foreign companies.

It is also the first time that the rapidly increasing CSR index of foreign companies surpassed private companies.

Li Yang, deputy dean of the CASS, said that CSR has become part of the national strategy, as the Third Plenary Session of the 18th Communist Party of China Central Committee required multiple ownership enterprises to carry out their social responsibility.

Li said that the demand for CSR is also implied in the communiqué released after the conclusion of the session.

The communiqué noted that both the public and private economy are crucial to China's economic and social development.

The State-owned Assets Supervision and Administration Commission of the State Council is about to announce a guideline, which required State-owned enterprises to establish and improve CSR, Li said, adding that the All-China Federation of Industry and Commerce has finished the preliminary research of privately owned companies, which will be published in 2014, Li added. 

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