Business

AmCham honors responsible businesses in China

Companies Honored For Sustainability In China At Annual CSR Awards
ChinaCSR.com
October 30, 2007

General Electric has been honored in Shanghai for their commitment to corporate social responsibility in China.

The American Chamber of Commerce in Shanghai held its Third Annual Corporate Social Responsibility Conference and Awards at the Portman Ritz-Carlton Hotel, where GE and other companies were recognized for their CSR commitments. With representatives from Hands-On Shanghai, Peking University’s CSR Center, UNICEF China, Intel, and Corning, expert speakers from a wide range of industries shared their perspectives on effectively designing and implementing a CSR strategy in China.

Other finalists for the top award included Coca-Cola, Corning, Deloitte, Goodyear, Intel, Mary Kay, and PricewaterhouseCoopers. Galanz and Shanghai Pudong Development Bank both won a top CSR Award for Non-Foreign Invested Enterprise. Ignition marketing earned the CSR Award for Small and Medium Enterprise.

“The evaluation process for the awards focuses on recognizing companies that have created the most effective structures to manage their CSR programs, rather than simply focusing on the achievements of these programs,” says Oliver Yang, CSR and government relations manager for Amcham Shanghai. “An ideal application will describe the systems that the company has established in order to carry out its CSR strategies through concrete actions. Such as the leadership arrangements that support such programs, as well as the methodology that has shaped them. Another important consideration is the company’s degree of commitment to CSR in different aspects, such as employee involvement, community response, executive support, and corporate culture.”

To see how this year’s winner General Electric has been acting as a responsible player in China’s business landscape, check out these articles:

• G.M. to Build Hybrid Research Center in China
  By Keith Bradsher
  New York Times
  October 29, 2007

General Motors announced on Monday that it would build an advanced research center in Shanghai to develop hybrid technology and other advanced designs, in the latest research investment in China by a foreign automaker despite chronic problems with purloined car designs.

• GM to raise fuel cell awareness in China
  Fuel Cell Today
  October 29, 2007

Five alternatively-fuelled vehicles - including the Chevrolet Equinox fuel cell electric car - will be displayed in Beijing this week as part of a plan by General Motors (GM) to emphasise its green credentials to the Chinese market.

• China buys GE’s ‘green’ push
  By Marc Gunther
  Fortune
  October 25 2007

In the two years since Stefano (Steve) Bertamini moved to Shanghai to become CEO of GE China, he has a sense that the days are less smoggy and more sunny.

This is more anecdotal than scientific, but it’s among the reasons that Bertamini believes that, with GE’s help, China will eventually go green - clean up its air and water, become more efficient and develop less-polluting sources of energy.

GE says it will deliver 300 fuel-efficient, low-emissions locomotives for use on China’s mainline rail system beginning in 2008.

“The Chinese will lead the way in these technologies,” Bertamini says, “just because they will have to.”

• 8 Reasons to Work for General Electric in China
  By Bill Belew
  September 22, 2006

1. Voluntary turnover for execs in China is around 14% - GE is less than half of that.

2. GE dishes out foreign assignments to its workers - to Japan, the US and so on. This, GE, says builds loyalty.

3. GE offers a mentoring/training program to its up and coming managers.

• General Electric Opens Wind Turbine Plant in China
  by Michael Graham Richard
  TreeHugger.com
  July 3, 2006

General Electric (GE) Energy announced on June 28 the official opening of their first wind turbine assembly plant in China. It is located in Shenyang and will produce 1.5 megawatt turbines.

[tags]General Electric, China, AmCham, CSR[/tags]

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