Financial news

Chinese companies focusing more on social responsibilities

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Via China Daily

Students at a boarding school in Luding county, Sichuan province, pose for a photo during a donation ceremony organized by Anta Sports Products Limited on Nov 22, 2018. [Photo provided to chinadaily.com.cn]

Chinese companies are paying more attention to social responsibilities as more firms scramble to leverage business to meet social needs, said a latest survey.

According to a report by Tencent Atom Think Tank, most companies surveyed are actively fulfilling their social responsibilities, including in compliance operations and community contributions.

Nearly half of the firms surveyed are leading in social responsibility while 32 percent of them are pursing improvements in their duties, the report said.

“For companies, fulfilling social responsibilities is not only for fair social development but also for a growth that is sustainable and is of high quality,” Ma Teng, deputy head of QQ.com, the major news subsidiary of Tencent Holdings, said.

The report also pointed out that telecommunications, wine, aerospace, automobile, financial and insurance sectors are among the top industries that are performing well in social responsibilities.


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