abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

14 Apr 2015

Author:
Toh Han Shih, South China Morning Post

Study finds Chinese firms can beat global peers on social responsibility

See all tags

Although China's huge investments in Latin American resources have generated environmental and social problems, Chinese companies operating in the continent have sometimes surpassed global peers in terms of corporate social responsibility (CSR)...report said Chinese state-owned oil giant Sinopec had a better environmental record in Ecuador than most of its competitors...Chinalco Mining Corp International in Peru...built a new town with modern sanitation to relocate 5,000 local residents for the construction of its Toromocho copper mine...

Chinese standards still faced challenges when it came to enforcement...Latin American exports to China used twice as much water and emitted at least 12 per cent more net greenhouse gas emissions per dollar..."Chinese-financed infrastructure investments like dams and railways pose extremely serious threats for deforestation"...positive examples of Chinese corporate social responsibility were due to Chinese companies, Latin American governments and local civil society working together...