Guest Speech Extract

Heaven is a great social enterprise.

Public service and business integration have emerged in the past 10 years. Business is occupying the field of public welfare, while public welfare promotes the integration of commonweal and business through social innovation. Public interest to the right, open and innovative development to achieve coordinated development, the effectiveness of investment to win the market; business to the left, the social responsibility of the green share of the social impact of the first look at the right and left.

CSR movement has been guiding business to goodness. If we draw a CSR target map, the social pain point is the bull's eye. Some of the evil enterprises are off target. I think a large number of enterprises in China can join the six or seven rings in the five rings. Some enterprises are able to pay taxes according to law and undertake social responsibilities as public welfare enterprises. To the eight ring, enterprises that have realized strategic public welfare, such as environmental protection, green agriculture and green food enterprises, and nine loops are in the fields of old-age education, medical health, culture and art, sports, children, and disabled persons; and the ten enterprises are social enterprises that meet the needs of the society and take social problems as their mission.

There are many disabled elderly people in China. After the disability of the elderly, the hospitals do not accept them. The state is hard to take care of. The society has just needs. The state should be responsible for it. Such a social pain point, NGO no money, no power, lack of ability, do not want to do it, enterprises are rich, have people, have the ability, do not want to do the profit, and finally, heaven and earth fall in the social enterprise.

The benchmark of social responsibility enterprises is common interest enterprises. B Corp is now popular around the world. B Corp has overturned the traditional principle of maximizing shareholder interests, putting shareholders' interests behind and interests of other stakeholders. If you want to apply for certification and get more than 80 points, you will be certified as a total benefit company. Now, the global benefit business movement has been developing vigorously. There are more than 3000 certifications worldwide, and 15 Chinese enterprises have been certified.

(Xu Yongguang, director of the Nandu public welfare foundation, collated according to the speech)

The game between shareholders and other stakeholders is a long-term process.

Shareholders are investing in enterprises in the form of capital, while other stakeholders have formed exclusive investments in enterprises in different ways, which are of great importance to the long-term economic performance of enterprises.

For example, employees are projecting their youth that can not be copied into enterprises. The honor and disgrace of enterprises are closely related to them. Therefore, employees, like shareholders, have formed a kind of exclusive investment. Only shareholders invest money and employees invest in their youth. Consumers will also think that I trust my trust in enterprises, which is also a kind of resources that can not be copied or regenerated. Therefore, stakeholder theory holds that enterprises should treat other stakeholders as they treat shareholders.

But the problem is that in the actual application process, the strength of capital represented by shareholders is quite different from those of other stakeholders, such as labor, environmental protection, land, youth and trust. The existence of capital does have a strong voice and dominance. In China, the corporate social responsibility movement has been promoting for more than ten years. We have gone through the ups and downs. But in real life, what is corporate social responsibility? Does the stakeholder have bargaining power in the process of breaking the wrist with capital? This is still a long way to go.

The negotiation between shareholders' supremacy and other stakeholders is a long-term process, which can not be solved overnight. It is not a moral belief. It depends on the contribution of different stakeholders to the long term comprehensive value creation of enterprises. Therefore, compared with shareholders, whether other stakeholders can achieve equal discourse rights in the process of corporate governance is the root of whether corporate social responsibility can really land and whether it can achieve equal bargaining power.

(Beijing Technology and Business University professor Guo Yi, finishing according to the speech)

Carrying out children's public welfare and empowering social development

Kang Zhi pharmaceutical is a listed company focusing on children's health. Our business covers children's medicine, assisted reproductive medicine, child care products and so on. In 2011, we jointly established the Kang Zhihong face fund with the China children's foundation to promote the development of children's public welfare undertakings. At the beginning of Kang Zhihong's foundation, he established a clear idea, purpose and mission.

Our philosophy is that healthy growth is the inherent rights and interests of every child. It is our duty and obligation to realize their rights and interests. We should fulfill our children's vision of the future with love and professionality. Our aim is to work for children's charitable cause, provide various forms of assistance and support, care for children's physical and mental health, and promote social harmony and progress. Our mission advocates the concept of public welfare, triggering the concern and care of the whole society for the poor and left behind children, improving the current situation of poverty and left behind children, and building a public platform for children's healthy growth.

From 2011 to 2014, we launched many public service activities in Shaanxi, Guangdong, Hainan, Anhui, Henan and so on. In 2016, we launched the donation scheme of the red faced library, and donated the red faced Library in Guangdong, Hebei, Guangxi, Jiangxi, Henan, Henan, Henan and other mountain primary schools. Through the screening of high-quality children's books, we helped the mountain schools with books, bookshelves, desks, seats and other materials to improve children's reading environment and encourage children in mountainous areas to cultivate reading habits.

This year, we have launched a new public welfare project to bring children's health knowledge class to the majority of children and parents through the combination of love medicine box and health knowledge public welfare classroom.

Kang Zhi pharmaceutical industry formed a unique culture of public welfare, including advocating full participation in public welfare undertakings, focusing on practical results of public welfare practice, advocating the concept of experiential public welfare, advocating multi-channel public welfare undertakings and so on. In the future, in the field of public welfare, Kang Zhi pharmaceutical will continue to optimize the public welfare operation mode of the Kang Chai Hong face fund, and gradually extend the construction of a more effective and multi-level public welfare system.

(Wang Yong, vice president of Kang Zhi pharmaceutical, finishing according to the speech)

Eight discoveries and eight trends in ESG research

We found eight findings in the ESG study of the 2019 Chinese listed companies, and also saw eight trends:

High degree, but the degree of attention is not high enough, the level of management performance is uneven, some enterprises are obviously lack of information disclosure; 3. overall, the quality of information disclosure is not high, and the information disclosure level of Listed Companies in different industries is quite different; 4., the industry status of listed companies has strong correlation with ESG performance, usually the head enterprises are better; the internationalization degree of 5. listed companies is positively correlated with ESG performance; the more international business is, the higher the overall score; 6., the environmental, social and governance dimensions of the listed companies are the lowest among three central faces; 7. capital market participants are more and more concerned about ESG of listed companies, but ESG investment scale is low; 8. ESG ESG evaluation index system has a low correlation with the macro environment and industrial environment. The eight finding is that: 1., the listed companies' concerns about ESG management, regulatory policies, ratings and so on have increased. 2., the importance of ESG management by listed companies has not yet reached the strategic height.

Eight trends: 1.ESG investment has been recognized by more capital market participants; the policy environment of 2.ESG investment has been continuously strengthened; the investment of 3.ESG has been further integrated with the development of high quality economy; more attention has been paid to the basic theoretical issues of 4.ESG investment; 5., with the increase of ESG investment in many listed companies, many companies, including some of the world's leading enterprises, are beginning to do their own ESG index system; 6., ESG problem in the field of e-business and digital economy investment has been paid attention; 7., the incentive and restraint mechanism of ESG information disclosure has been further perfected, whether the reliability of information disclosure and disclosure has been strengthened, and the constraints of enterprises have been strengthened through multiple dimensions; 8., the ESG evaluation and investment tool development of listed companies have become a hot topic. Since this matter is important, we need to help enterprises to collect and disclose information, and guide consumers and investors in capital market to vote on their hands and vote with their feet as well.

(Wang Xiaoguang, Dean of Beijing Institute of social responsibility research, collated according to the speech)