power_en|Sustainability|Concept of social responsibility
  • Concept
  • The guiding philosophy behind CRP's social responsibility is in line with CRP's corporate culture.
Responsibility Management

Under the mission of value creation, we continued to prioritize sustainable development.

With in-depth reform, we focused on system building, progress by practice and brand building. As a result, we improved the management and practice of social responsibility.

Responsibility Culture

CR Power has developed a "Power Culture" that embodies its distinctive features and corporate image. This Power Culture model is inspired by the two essential parts of a generator – the stator and the rotor. CR Power's mission statement, vision, values, development philosophy, and corporate spirit form the core of its corporate culture. Its operating and management policies are derived from and are complementary to those core principles, providing guidance for all the Company's day-to-day activities, and supplying endless "power" to its employees, to the Company as a whole, to the economy, and to the society.

Responsibility Governance

Organizational system
The Sustainability Committee under the Board of Directors of the Company is responsible for making recommendations to the Board of Directors on the Company’s sustainable development and social responsibility management. The Company established the Steering Committee on Social Responsibility which is responsible for decision-making, leading and promoting the strategic directions and planning of corporate social responsibility according to the opinion of Board of Directors’ Sustainability Committee. CR Power’s Board Office is the leading management department in charge of social responsibility work. It is responsible for daily social responsibility management and preparing and releasing sustainable development reports. All units at various levels of CR Power have established relevant departments and contact points in charge of social responsibility work.

 

System
Based on the latest standards and requirements including the GRI Sustainable Development Reporting Guidelines (G4) issued by the Global Reporting Initiative, China CSR Reporting Guidelines (CASSCSR4.0) issued by the Chinese Academy of Social Sciences, the Environmental, Social and Governance Reporting Guide (HK-ESG) issued by HKEX, and the Social Responsibility Management Approach for China Resources, the Company proactively formulated and issued the Social Responsibility Management Standard for CR Power, established and perfected the daily working mechanism for social responsibility and improved the social responsibility performance index system to continuously strengthen the standardized, systematic and strategic management of corporate social responsibility.

 

Report preparation system
This is the eighth consecutive year that we have compiled a sustainable development report. To promote report preparation and formulation, a specific preparation system is established. Organized and led by the Board Office and with units at various levels jointly participating in report preparation system, the system consists of a Leading Group, Report Preparation Working Group and Material Preparation Group. The Board Office is responsible for organizing the preparation, design, release, publication and promotion of the report.
 

 

Responsibility Integration
We insist that the social responsibility target is highly unified with the Company’s strategic goals, and that strategic development and responsibility commitments are organically united. We incorporate specific indicators and work such as corporate governance, transformation and development, cost control, production safety, energy conservation and environmental protection, scientific and technological innovation, cultural construction, caring for our employees, and charity work into the Company’s development strategy and annual business plan. This ensures that social responsibility practices are systematically carried out according to the plan and are split at different levels to be included in the performance appraisal of units, managers and employees at all levels so as to ensure that social responsibility practices and objectives are achieved.
 
Responsibility Communication

We take day-to-day communication with our stakeholders seriously and have opened various channels to receive comments and suggestions. We frequently share with our stakeholders the latest changes to our operations, culture and values, and future plans, to help them understand and appreciate our actions. At the same time, we incorporate their expectations and concerns in our corporate strategies, operations and management to win their support.

Responsibility Capacity
We attach great importance to the improvement of our own responsibility capacity. By holding meetings and trainings on social responsibility, we effectively promoted the relevant knowledge and social responsibility awareness of personnel who are in charge of social responsibility management and report preparation, as well as understanding and mastery of the workflow, methods, and significance of the preparation of reports and laid a foundation for further improving the Company's practice level of responsibility and quality of report preparation.
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