#China #Beijing #ESG #CSR #SPIC

SPIC's Recognition in Social Responsibility

On November 7, 2024, the Parallel Forum on Social Responsibility of State-owned Enterprises took place in Beijing, marking a significant event during the 7th China Enterprise Forum. This year's theme focused on how corporations can fulfill their social responsibilities adhering to high standards, ultimately creating sustainable value.

At this forum, the 2024 Blue Book on Social Responsibility was released, alongside the Blue Book on Overseas Environmental, Social, and Governance (ESG), both of which highlighted exemplary CSR practices by central state-owned companies. Among these, SPIC (State Power Investment Corporation) proudly showcased its Green Energy Surging - CPCEC Empowers Energy Revolution initiative from Lankao County, which was prominently included in the national Blue Book.

Additionally, SPIC's contributions to poverty alleviation were recognized through the program titled Light and Hope - The SPIC Solution to Poverty Reduction in Ye Kyaw Village, Myanmar. This initiative not only earned a spot in the Blue Book on Overseas ESG but was also distinguished as one of the top ten overseas ESG cases among other significant enterprises.

The forum also introduced the 2024 Central State-owned Enterprise Responsibility Management - Pioneer 30 Index, where SPIC impressively ranked 9th out of 100 companies considered. This reflects SPIC's ongoing commitment to responsible leadership and active engagement in sustainable development endeavors.

SPIC's inclusion in these prestigious publications affirms its rigorous approach to Corporate Social Responsibility (CSR) management and communication. The corporation aims to deepen its initiatives in producing impactful brand projects and signature activities that resonate with its unique position in the energy industry.

Looking ahead, SPIC is dedicated to facilitating the comprehensive execution of its Balanced Growth Strategy, focusing on high-standard CSR practices. Such commitment underscores SPIC’s role not only as a leading energy provider but also as a responsible corporate citizen, actively contributing to the environmental and social landscape.

The recognition of SPIC's initiatives in these Blue Books illustrates its ongoing journey of innovation and dedication towards fostering a sustainable future. As the corporation continues to expand its work in various communities, it stands as a testament to the significant changes that can arise from socially responsible business practices.

In conclusion, the recent acknowledgment of SPIC's CSR cases provides a hopeful and uplifting message about the impact that corporations can have when they integrate social responsibility into their core business strategies. As SPIC drives forward, it invites other enterprises to embrace similar approaches, reinforcing the vital role of corporations in addressing environmental and social challenges faced globally.