State Power Investment Corporation Limited (SPIC) released the 2017 SPIC Corporate Social Responsibility Report at press conference in Beijing on July 10. Along with the annual report, the SPIC White Paper on Targeted Poverty Alleviation, the SPIC Overseas Corporate Social Responsibility and the Cases of SPIC Social Responsibility Practices made a debut at the same time.

The press conference attracted attention from research institutes of corporate social responsibility and 35 news agencies in Beijing, including People’s Daily, Xinhua News Agency and Economic Daily.

Zhong Hongwu, Director of Research Center for Corporate Social Responsibility under Chinese Academy of Social Sciences attended the press conference and announced the rating results of the 2017 SPIC Corporate Social Responsibility Report.

"It is a five-star outstanding social responsibility report,” Zhong said during the event.

"In a comprehensive and objective way, the report reflects the social responsibility fulfillment by SPIC in political, economic, social and environmental aspects in 2017. It is full of new ideas and sincerity,” Zhong commented.

With increasing overseas business in recent years, SPIC for the first time released its overseas corporate social responsibility report which highlighted the press conference.

"The SPIC Overseas Corporate Social Responsibility Report gave the public an overall view over the company’s business and acts of kindness abroad,” Han Bin, Secretary General of UN Global Compact Network China, said at the press conference.

This is SPIC’s 10th annual social responsibility report since 2008 when State-owned Assets Supervision and Administration Commission of the State Council (SASAC) issued the Guiding Opinions on the Fulfillment of Social Responsibilities by Central Enterprises which aimed to increase state-owned enterprises’ awareness of undertaking more responsibility for social development, people’s livelihood and environmental protection besides financial gains.

According to the latest reports, SPIC’s total asset value has reached 1 trillion yuan and its operating revenue has increased to 200.9 billion yuan, making it one of top 500 enterprises in the world for six consecutive years. As one of China’s five major electricity generation enterprises, SPIC has a total installed power capacity of 126.13 giga watts by the end of 2017, with clean energy accounting for 45.14% of the total. SPIC has expanded business in 41 countries and regions around the world, with overseas assets reaching 78 billion yuan.

SPIC has made great efforts in energy saving and emission reduction. It ranks first place in reduction of coal consumption for power supply of thermal power units among the five major electricity generation groups in 2017. SPIC takes the initiative to support for poverty alleviation cause. From 2015 to 2017, SPIC spent 242 million yuan on poverty alleviation, benefiting a large number of families in poverty in 13 provinces and autonomous regions in China.