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Social Responsibility Matters
SPIC releases its first overseas corporate social responsibility report
By Yu Lintao | Web Exclusive

A bird's-eye view of a photovoltaic power station constructed by SPIC in Malaysia (FILE)

“When Chibwe Hydropower Station in Myanmar launched a feasibility study around a decade ago, there was still no local norm for ecological and environmental protection. However, we introduced high Chinese standards to the project in order to protect local biological diversity,” said Huang Guofang, Vice General Manager of the Department of International Business of the State Power Investment Corporation (SPIC), at a press conference during which the company’s first overseas corporate social responsibility report was released on July 10. “During the whole process of the project—design, construction and operation—strict environmental protection standards were observed,” Huang added. 

According to the report, the Chibwe Hydropower Station project is one of the many cases in which SPIC has continuously improved its Environment, Health and Safety Policy and assumes actively social responsibilities in overseas business operation.

The report summarized the company’s work fulfilling its social responsibility in overseas operations from 2003 to 2017 from different aspects such as local economic development, environmental protection and assisting with community building.

In its coal-fired power plant projects in Java, Indonesia, SPIC assisted its cooperation partners in the comprehensive utilization of lime ash at the power plant and developed a circular economy for the maximum utilization of resources. In Pakistan, schools have been built, infrastructure improved and a large number of jobs created, funded by SPIC in addition to the routine operation of its projects.

Data provided by the report shows that the construction and operation of the Hubco Coal-fired Power Plant Project in Pakistan has created at least 10,000 permanent and part-time employment opportunities. Similar success has resulted from the Tsukuba Ibaraki PV Project, the largest hybrid agriculture-solar project in Japan. Planting valuable sciophilous crops under solar panels has brought higher incomes to local farmers, provided clean solar energy for local communities, and increased taxes and employment for the government.

As one of the major power generation enterprises in China, SPIC has been actively expanding its overseas business map in recent decades. At present, SPIC overseas businesses have operated in 41 countries with 47 overseas organs and 13 overseas representative offices. While its international business grows rapidly, the company also attaches great importance to social responsibility when conducting overseas projects in order to enhance intercultural bonds.

“President Xi Jinping has proposed to jointly build a community with a shared future for mankind alongside our global partners. We enterprises should also make a contribution toward that goal,” said Huang.

Copyedited by Laurence Coulton

Comments to yulintao@bjreview.com

 

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