Making green last forever, every step of our quest today is a thoughtful consideration for the long-term future.
On 13th-14th September, CHINT’s Sustainable Development Workshop was successfully held. The workshop focused on the global ESG development trend, the United Nations Sustainable Development Goals (SDGs), corporate ESG development management and other thematic contents. Core members of CHINT’s various departments gathered together to carry out two-day training and exchange, and ultimately constructed the CHINT’s sustainable development strategy framework for the year 2030.
The workshop invited relevant experts from the United Nations Institute for Training and Research (UNITAR) to report and share. Participants in the workshop included core members of the Sustainability Office of CHINT, heads of CHINT Procurement Department, Securities Department, Overseas Market Department, Compliance Department, Strategic Investment Department, President’s Office, and other departments, as well as CHINT various industrial companies.
At the workshop, Li Ming, General Manager of Marketing Department of CHINT Group, firstly made a comprehensive compendium of the connotation of ESG and the global development situation, and put forward the risks and opportunities of sustainable development faced by enterprises. Li Ming stressed that promoting ESG strategy is not only a systematic project involving all levels of the Group, but also a dynamic process that requires long-term persistence and continuous optimisation. It involves all aspects of the Group, including but not limited to energy use, labour rights and interests, product responsibility and corporate governance. The complexity and difficulty of these topics are self-evident, and they also require companies to constantly innovate their thinking, update their technology and improve their management in order to adapt to the fast-changing external environment and increasingly stringent regulatory requirements. Then Wang Hong, an expert from the United Nations Institute for Training and Research (UNITAR), took the ESG practice of Yum China Ltd. as a case study, and shared the specific methods of integrating ESG into the development strategy of an enterprise, including how to enhance the performance and international influence of an enterprise’s sustainable development through the establishment of an enterprise’s ESG management system, the selection of ESG KPIs, as well as the establishment of a performance management system.
During the two-day workshop, members from various departments discussed and exchanged views on ESG information disclosure, corporate ESG development needs, and ESG strategy implementation paths in different contexts, etc. Through case studies, group discussions and expert Q&A, members analysed in-depth the effectiveness of the current ESG implementation strategies, and explored how to integrate the concept of sustainable development into the overall strategy of the enterprise. In the end, the substantive issues of CHINT sustainable development were identified, the framework and implementation path of the enterprise’s sustainable development were jointly constructed, and the working direction and goals were clearly defined, contributing wisdom and strength from different departments to CHINT ESG development.
Practicing Outweighs Preaching
CHINT will endeavour to promote the wider application and practice of ESG concepts in more professional fields, give richer connotations to the SDGs with more positive actions, lead technological innovation with the concept of green development, and create a ‘zero-carbon’ future hand in hand with global partners.
CHINT Knowledge Corner
Sustainable Development originated from the Brundtland Report in 1987 and is defined as ‘the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs’. The core of sustainable development lies in three pillars: economic development, social inclusion, and environmental protection, and ESG is an important indicator system for measuring corporate sustainability, which is the global language for assessing corporate sustainability.
ESG stands for ‘Environmental, Social and Governance’. First coined by the United Nations Global Compact in 2004, the concept first gained traction as a reference point for investment decisions, and is often considered to be the precursor to socially responsible investing (SRI), which emerged in the 1960s and 1970s. At that time, investors and companies were driven by business ethics and began to emphasize labour rights, race and gender equality; in the 1970s and 1980s, countries such as the United States and Canada launched a vigorous environmental protection movement and passed tough environmental legislation, which gave birth to the concept of ‘sustainability’. The concept of ‘sustainability’ was born. The real milestone came in 2004, when the Global Compact released its report Who Cares Wins, officially launching the ESG concept.
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