Most top Hong Kong-listed companies fail test on CSR
Author: Jacqui Dixon, CSR Asia, Published on: 10 December 2008
The report Corporate Social Responsibility Survey of Hang Seng Index (HSI) Constituent Companies was launched this week...[on] how the 43 companies listed on the Hang Seng Index weigh up on their CSR policies and practices...They collectively have an enormous impact on…social and environmental issues…So it is disappointing to note that the majority of Hong Kong top listed companies fail to adopt sound corporate social responsibility (CSR) policies and practices, particularly those associated with workplace, supply chain, and environment...26 companies scored less than 50 percent and 8 companies scored below 10 percent. They were Sun Hung Kai..., Cheung Kong Holdings..., China Unicom..., China Netcom..., COSCO Pacific..., Tencent ..., Henderson Land Development...and Wharf Holdings..., primarily due to the complete lack of public disclosure on their CSR activities...HSBC ranked first…followed by CLP Holdings...and China Mobile...Many Chinese companies such as China Mobile, Foxconn International Holdings and China Resources Enterprise are setting a benchmark on CSR for other mainland Chinese companies to follow...Many of the leaders commit to a reporting guideline like the Global Reporting Initiative, publish separate CSR reports, and support additional charters like the UN Global Compact and the Equator Principles...
Related companies: Cheung Kong China Mobile China Netcom China Resources Enterprises China Unicom CLP Holdings Cosco Foxconn (part of Hon Hai) Henderson Land Hon Hai HSBC Sun Hung Kai Properties Tencent Wharf Holdings