South-South Event Shows Strong Private Sector Support Among Chinese Businesses

18 May 2012


During her four-day visit, Miss Helen Clark, UNDP Administrator, attended an event to promote a new UNDP initiative aimed at encouraging the private sector to enhance their Corporate Social Responsibility (CSR) profiles, as well as integrating the three pillars of sustainable development – economic, social and environmental – within their business operations. During a speech given at the event, she spoke of China’s growing business interests overseas and commented on the fact that, good or bad, their business operations have been placed firmly in the international spotlight.

“While economic progress yields substantial dividends for people as we have witnessed in China, when corporate social and environmental responsibility are embedded at the core of business practices, the human development gains will be magnified,” Miss Clark said. “UNDP encourages businesses to pursue a triple bottom line approach which seeks to impact positively on the context within which businesses operate.”

Miss Clark’s speech followed remarks from Mr. Zheng Wantong, Vice-Chairman, 11thChinese People's Political Consultative Conference (CPPCC) on partnerships between the public and private sectors. The meeting included a panel discussion with participation from Mr. Sun Anmin, Vice-Chairman of All-China Federation of Industry and Commerce, Ms. Annie Wu, CPPCC Standing Committee Member and Chairman of the World Trade Centre Association (Hong Kong), and Ms. Wang Yuan, Chief Economist, Director-General, Education and Training Department, China Development Bank, among others.

At the event, UNDP announced a new mechanism designed to assist Chinese enterprises in enhancing their ability to perform CSR by facilitating the exchange of successful experiences with other developing countries under the framework of South-South Cooperation. This initiative will pilot ‘pre-departure’ CSR training for Chinese companies investing in other developing countries.