(Beijing) – In the presence of over 200 representatives of business, business associations, government, civil society and other stakeholders, the Global Compact Local Network was relaunched today. At the event in Beijing, Global Compact Executive Director Georg Kell and Fu Chengyu, Global Compact Board Member and Chairman of SINOPEC signed a Memorandum of Understanding. Mr. Fu will also serve as inaugural chairman of the Global Compact China Network Board.
The governance structure of the China Network includes a Board comprising senior executives and representatives from SINOPEC, State Grid Corporation of China, China Ocean Shipping Group, Baosteel Group, China Development Bank, Haier Group, Huawei Technologies GE China, BASF China, and Novozymes China, among others.
At the launch, participants also adopted a new constitution for the Network, defining membership, governance and other substantive issues. Executives from Chinese state-owned companies, private companies and multinationals in China shared their experiences on advancing Global Compact principles in China and abroad.
“The Global Compact China Network will play an important role in integrating Chinese companies and multinationals in China into a more sustainable economy,” said Mr. Kell. “The UN Global Compact will provide its support in your sustainability endeavors.”
“The establishment of the Global Compact China Network is an important event for Chinese companies. It demonstrates how Chinese companies have supported the Global Compact over the years and our commitment to further implementing the ten principles in the future,” said Mr. Fu. “The China Network will strive to promote Chinese companies to better implement the ten principles, mobilize more Chinese companies to join the UN Global Compact, and make an important contribution to building an energy efficient, environmentally-friendly society, realizing balanced economic and social development while contributing to the achievement of MDGs and sustainable development of all human kind.”
Peng Huagang, Director General of the Research Bureau of the Chinese State Assets Supervision and Administration Commission of the State Council (SASAC), expressed SASAC’s emphasis on corporate responsibility among its member companies and its support for the Global Compact: “The Global Compact China Network will facilitate the communication and collaboration between Chinese and foreign companies, helping Chinese companies to make a greater contribution to the UN MDGs. I sincerely wish that the Global Compact China Network will play a greater role to enhance corporate social responsibility and international collaboration.”
The event was also attended by senior representatives from the Chinese Ministry of Foreign Affairs, SASAC, UN agencies in China, and other business and non-business organizations.
- Agenda of Inauguration Ceremony of Global Compact China Network
- Constitution of Global Compact China Network
UN Global Compact